ExecuNet has released its annual Executive Job Market Intelligence Report, which reveals that executive recruiters are more positive than they have been in the past five years. Despite continuing slow growth for the overall economy, 25% of companies are expected to add new executive positions in 2012. Executive recruiters are more positive than they have been in five years and are expecting an average 21% gain in executive search assignments in 2012 compared with last year.
The top industry growth sectors for executive hiring show continued strength in health care, technology, and life sciences, but major gains are also expected for the manufacturing, business services, and consumer products sectors in 2012. The top regional growth areas are now the Northeast and the Southwest. ExecuNet’s market research finds that more than one-quarter of employers are adding new management positions and more than half of employers are selectively “trading up” with new hires for existing executive roles to fill gaps or improve teams.
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