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Executive recruitment 'recovering'
Senior executive recruitment within UK organisations is beginning to recover from the setback of the recession, an industry group has revealed.
The Association of Executive Search Consultants (AESC) has published its quarterly report, which discovered that revenues generated from director-level hiring declined just four per cent in the second three months of 2009.
An increase in executive recruitment opportunities is also likely to lead to a rise in available interim management positions, as corporations seek experienced senior-level staff with the ability to occupy roles in the short term.
These findings are a dramatic improvement on those published at the end of last year, which recorded a 26 per cent decline in hiring campaigns between the fourth quarter of 2008 and the first three months of 2009.
Pe Felix, president of the AESC, believes that corporations are "gearing up" for imminent economic recovery.
He said: "This quarterly stabilisation indicates that organisations are beginning to pull back from the hiring freeze that shaped the early part of this recession."
The Interim Management Association also published positive data on the state of the interim executive industry last month, by disclosing that the number of female transitional directors has increased by seven per cent this year.
Categories: Board & CEO