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Confidence slips in retained executive search business

Mid-year report depicts an industry facing economic instability here and abroad and a scarcity of executive talent, especially in engineering. Executive search consultants paint a less rosy picture for the second half of 2008 than they had for the first part of the year, expressing concern for the health of the executive search business and declaring a shortage of executive talent, according to a mid-year survey by the Association of Executive Search Consultants (AESC). The Mid-Year Member Outlook Survey, conducted in June and July, indicated that less than 40 percent of consultants view their business outlook for the remainder of the year as “positive” compared with… Read More