Executive Confidence Falls By 10 Percent

August 15, 2012 – Only 26 percent of global executives hold a positive attitude about the job market after the first six months of 2012, a 10 percent drop from January of this year, and a decrease of 38 percent compared to July 2011, according to the Association of Executive Search Consultants (AESC). The slow recovery of the global economy, turbulence in the Eurozone, and fear of career stagnation were attributed for the lack of optimism. Furthermore, only 35 percent of survey respondents share a positive impression of the general business climate at mid-year, a 41 percent decline from this time last year. Despite the difficult outlook projected by global senior executives, 57 percent still report that they are more willing to make a career move in the next six months compared to earlier this year.