We should start to see significant growth in mid and lower level job openings as the new executive hires begin to grow their staffs in 12 to 18 months
New York, NY (PRWEB) February 5, 2011
Although not all experts were encouraged by today’s news that the US unemployment rate fell in January from 9.4% to 9%, job expert and founder of CTPartners and Revenue Beast, Jeff Christian is bullish on the jobs market.
According to Christian, “As the CEO of Revenue Beast, I work with a number of executive search firms. Each is reporting strong growth of between 20-30%.”
Christian has studied job growth after each of the last recessions since 1980 and has found that each time, executive search industry growth has led broader job recovery by 12 to 18 months. “Executive Search is a strong predictor of overall job growth,” said Christian.
He explains, “During an economic downturn, corporations put the majority of their executive search work on hold. As the economy begins to improve, this pent-up demand for executives requires that companies begin to accelerate their executive hiring.”
Christian continues, “Historically, technology companies have led the way in this arena.” An example, reported by Bloomberg News today, is that Emerson Electric plans to hire 7,000 people this year.
Though Mr. Christian believes that, “the biggest demands today will be in the alternative energy and social media industries with financial services following close behind.”
“We should start to see significant growth in mid and lower level job openings as the new executive hires begin to grow their staffs in 12 to 18 months,” asserts Christian.
Let’s hope Mr. Christian is correct.
About Jeff Christian
Jeff Christian is the founder of executive search firm CTPartners, The Number 12 Foundation, and RevenueBeast. For more information go to http://www.revenuebeast.com.
# # #