Executive search assignments on the increase, says AESC
19 August 2014
Data on the worldwide executive search industry shows that search assignments are on the increase.
Tue, 19 Aug 2014Data on the worldwide executive search industry shows that search assignments are on the increase.
The Association of Executive Search Consultants’ (AESC’s) second quarter report highlighted that the number of assignments had increased by 4% year-on-year and quarter on quarter.
In the industrial sector new searches in the industrial sector increased by 15.2% between Q1 and Q2 in 2014 and rose 5.9% since Q2 2013. The life sciences/healthcare sector saw new executive searches increase by 5.3% between Q1 and Q2 and 1% since last year.
Europe, Middle East and Africa, Asia Pacific and North American regions all recorded strong annual and quarterly growth, but the Central and South American region experienced a drop in quarterly activity of 1.6%.
In a statement, AESC president Peter Felix says: “This positive trend is indicative of economic recovery in the major economies of North America and Europe, and the desire by boards of directors and top management to more actively engage in the search for the best talent to achieve growth and strategic development.
“We expect this positive trend to continue as the emerging markets of the world enjoy faster economic growth, and competition for the best executives gathers pace.”
In a statement, Melissa Baxter, associate director – head of executive search and selection, at Russam GMS added: “We’ve noticed increased demand for our executive search services over the last 18 months and expect this trend to continue.
“As well as businesses seeking senior executives, we are also seeing a big demand in the charity and not-for-profit sector for senior appointments, especially organisations looking for chief executives with specialist skills to take advantage of the better economic conditions.”
The Association of Executive Search Consultants’ (AESC’s) second quarter report highlighted that the number of assignments had increased by 4% year-on-year and quarter on quarter.
In the industrial sector new searches in the industrial sector increased by 15.2% between Q1 and Q2 in 2014 and rose 5.9% since Q2 2013. The life sciences/healthcare sector saw new executive searches increase by 5.3% between Q1 and Q2 and 1% since last year.
Europe, Middle East and Africa, Asia Pacific and North American regions all recorded strong annual and quarterly growth, but the Central and South American region experienced a drop in quarterly activity of 1.6%.
In a statement, AESC president Peter Felix says: “This positive trend is indicative of economic recovery in the major economies of North America and Europe, and the desire by boards of directors and top management to more actively engage in the search for the best talent to achieve growth and strategic development.
“We expect this positive trend to continue as the emerging markets of the world enjoy faster economic growth, and competition for the best executives gathers pace.”
In a statement, Melissa Baxter, associate director – head of executive search and selection, at Russam GMS added: “We’ve noticed increased demand for our executive search services over the last 18 months and expect this trend to continue.
“As well as businesses seeking senior executives, we are also seeing a big demand in the charity and not-for-profit sector for senior appointments, especially organisations looking for chief executives with specialist skills to take advantage of the better economic conditions.”
