Every year ExecuNet (a private membership network for senior-level executives and executive recruiters) publishes an Executive Job Market Intelligence Report that contains valuable information for executives. You don’t have to be in the midst of career transition to get benefit from this report.
Over 3,000 executives, search firm consultants and corporate human resource professionals were surveyed on a variety of topics. Some of the findings shared in this report include:
- The industries that executive search consultants expect will generate the most executive job growth in 2011
- The top growth regions for executive hiring in 2011
- The percentage of management executives who expect "high levels of turnover" on their current employer's senior management team
- The most critical factor, after base salary and annual performance bonus, in top executives' compensation deliberations related to a career move
- Employed executives' compensation expectations in the event of their potential career transition
- The primary indicators that will move employed executives to begin a job search
The report is replete with information and statics that are helpful in evaluating the job market for 2012. Since the 2012 Job Market Intelligence Report is due out soon, I thought it would be helpful to share this report for a comparison resource. The marketing overview states that companies have come out of the recession wanting a strong global focus and having better processes in place to maximize productivity, mitigate risk and stretch management capability and creativity.
Proactive executives should notice more promising opportunities coming their way. Of course these opportunities are influenced by industry. Predictions for top five high-growth industries are:
- High Technology
- Clean/Green Technology
- Life Sciences (Pharma/Medical/Biotech)
Matching key business goals with executive talent is one of the challenges this report addresses. This information could be eye-opening for an executive in their own company culture and in the job search role. The age-old question, “Where do recruiters find executive candidates?” is answered, as well as revealing the top methods search firms use to evaluate candidates. That in itself is worth a peruse. The market data contained in this report is a must read as it focuses and impacts executives. Read entire report. Look for the 20th Annual Executive Job Market Intelligence Report which will be published soon.