Q2 2010 Sees Renewal in Executive Search Activity

August 17, 2010 (PLANSPONSOR.com) - The second quarter of 2010 revealed the highest quarterly rise in executive search industry revenues since the low point in the recession only 15 months ago.

Building upon already strong quarters in the second half of 2009 and early 2010, the latest report from the Association of Executive Search Consultants (AESC) shows a quarter-on-quarter 12% growth rate in net revenue worldwide and substantial year-on-year growth in the number of search mandates started across most industries and regions, according to a press release. Highlights include a 42% year-on-year rise in industry-wide revenues and a 38% year-on-year increase in the number of new executive searches started globally.   

Executive searches within the Financial Services industry witnessed the greatest year-on-year growth, rising 50% from Q2 2009. This growth was closely followed by increased search activity within Technology, up 43.5% year-on-year, and then Industrial (39%) and Consumer (37%).  

Based on quarterly regional trends, from Q1 2010 to Q2 2010, North America is emerging from the recession first and strongest, followed by Asia Pacific and other emerging markets.   

“The critical issue now is whether the next two quarters will hold up in the face of continuing uncertainty about a double-dip recession. On the bright side, however, is the realization that the shortage of talent, already evident before the recession, is reasserting itself strongly. Companies have begun to think strategically again and in looking for growth are seeking out those executives who can offer both operational strength but also practical leadership in taking organizations and teams forward,” said AESC President Peter Felix, in the press release.  

More information is at http://www.aesc.org.