Employers Moving More Cautiously on Hiring

September 17, 2010 – Slower hiring by companies, even when they have vacant leadership roles, has dampened executive recruiters' confidence in overall management hiring activity through the end of the year, according to the results of ExecuNet's Recruiter Confidence Index (RCI). In August, the index revealed that 46 percent of 181 responding executive recruiters are “confident” or “very confident” the executive employment market will improve over the next six months, down four points from July and the first index reading below 50 percent since October 2009. “The slippage we've seen in business confidence in recent weeks is translating into slower, more drawn out corporate decision-making about recruiting new executives,” said Mark Anderson, president and chief economist of ExecuNet. “More companies have moved from a slow-and-steady green flag on executive hiring to a yellow caution flag, as they sort out the business implications of the broader economic indicators. The momentum we tracked in the executive employment market has certainly slowed, and executive recruiters are feeling it, and, along with most employers, closely monitoring the economy for signals of future growth opportunities.” Founded in 1988, ExecuNet is a private membership network for business leaders and recruiters.

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