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Global Search Optimistic

July 07 2011

Global executive search industry confidence is holding steady for the remainder of the year, according to the Association of Executive Search Consultants’ latest outlook report.

Sixty-six percent of respondents are positive about their industry in the second half of the year, with the greatest optimism coming from consultants in the Americas and the Asia Pacific regions.

Executive search consultants predict that China, Brazil and India will see the greatest shortage of executive talent in the second half of 2011, while the energy/natural resources sector is set for the biggest growth in senior hiring.

“I am delighted to see that confidence within the executive search industry remains at a high level on a worldwide basis, in spite of continuing economic uncertainty in many countries,” said Peter Felix, AESC president. “It is no surprise to see the emerging markets of Brazil, India and China showing the greatest talent shortage, but it is most encouraging to see a sustained resurgence of demand in the United States and other Asia Pacific markets. Europe remains the softest of regions but nevertheless has significant strengths in Germany and the U.K.”

The general management/CEO/COO function is expected to see the greatest shortage of talent worldwide in the second half of 2011, followed by business development and then engineering. In order to keep up with the demand, over half the search firms surveyed plan to hire more consultants and researches from July to December 2011.

The outlook report is based on a survey that included 196 responses with 51 percent coming from Europe, the Middle East and Africa.

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