Jobs Added in July Exceed Expectations; New ExecuNet Survey Reveals Where the Executive Jobs Are

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Recruiters pinpoint 5 industry and 5 functional pockets of opportunity while indicating that more companies plan to freeze hiring in the next 6 months

What’s clear is that there continue to be pockets of opportunity in this slow growth market, but they are narrowing...

Executives, encouraged by the addition of 163,000 new payroll jobs in July, should look for opportunity in specific sectors uncovered by ExecuNet’s exclusive Executive Recruiter Confidence survey, which revealed the top five growth industries for executive hiring in the next six months:

1. Healthcare
2. High Tech
3. Life Sciences (Pharma/Medical/Biotech)
4. Business Services
5. Energy/Utilities

The functional roles where executive recruiters expect the greatest demand in the next six months:
1. Business Development
2. Sales
3. Marketing
4. Engineering
5. Operation Management
Source: ExecuNet

ExecuNet surveyed 168 executive recruiters and found that 39 percent were confident the executive hiring market would improve in the next six months, while the Executive Job Creation Index reflected this with a slight uptick. Although 1-in-5 companies expect to add executive jobs in the next six months, 1-in-4 plan to freeze executive hiring and take a “wait and see” attitude for the next six months.

The good news is that fewer than 3 percent of companies expect to eliminate executive jobs in the next six months — so there is no indication that there will be retrenching soon.

“What’s clear is that there continue to be pockets of opportunity in this slow growth market, but they are narrowing, as more and more companies wait to see what changes in world growth or hope the clarity in Washington will reshape the future soon,” said Mark Anderson, President and Chief Economist for ExecuNet.

“While the Healthcare sector continues to show substantial growth, the biggest changes in opportunity came in sectors focused on the consumer. Consumer spending had been a major driver in the economy in the fourth quarter of last year and the first quarter of this year. With the decline in consumer confidence in the last several months, unfortunately, expectations for hiring in consumer products, retail and manufacturing sectors have declined more than other industries,” Anderson said.

About ExecuNet
Since 1988, ExecuNet has helped business leaders shape positive change to achieve what’s next in their individual lives. From its beginnings as a small gathering of executives in Connecticut, ExecuNet has evolved into a private network of over 250,000 senior-level executive members with a belief in the transformative potential of trusted insight, real connections and personal introductions to help them find meaningful new work, advance in their careers, better manage the growth of their businesses, and become high-value leaders. A recognized authority in executive employment, retention and recruitment, as well as human capital trends, ExecuNet keeps its members informed about what’s important to them in business and their careers.

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Mark M. Anderson, President & Chief Economist
ExecuNet
203-750-1030 126
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