Executive Search Firms Predict Revenues to Rise
More than two thirds of executive search firms (67%) expect to see revenues grow in the second half of the year, according to research by the Association of Executive Search Consultants.The healthcare/life sciences and energy/natural resources sectors expect to see the most growth in the second half of 2010, followed by the industrial and financial services sectors.
Work-Life Balance is the Most Desired Employee Benefit
Research from PricewaterhouseCoopers (PwC) reveals that 47% of the country’s workforce place a good work-life balance as their most desired employee benefit. The research, labelled “Managing Tomorrow’s People” shows that bonuses were the second most important benefit to staff, with only 19% considering them to be their number one priority.
Public Sector Executives Will Struggle
As public sector executive vacancies plunge, senior executives will struggle to find similar positions in the private sector, according to executive search firm InterExec. The firm says that it has seen senior executive vacancies in the public sector drop by more than two thirds in the three months from February to May. Kit Scott Brown, chief executive of InterExec, says: “Many senior executives who have had a lifetime in the public-funded sector are not going to have access to private sector positions which are the exclusive domain of headhunters.” Scott Brown continues: “These positions are almost never advertised and it is highly unlikely that an executive who is currently employed in the public sector will ever get to hear about them.”
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