NETWORK WORLD NEWSLETTER: AMY SCHURR ON IT LEADERSHIP
09/14/04
Today's focus:  CXO search activity is harbinger of more hiring 
to come

Dear [EMAIL PROTECTED],

In this issue:

* Report results from the Association of Executive Search 
��Consultants
* Links related to IT Leadership
* Featured reader resource
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Today's focus:  CXO search activity is harbinger of more hiring 
to come

By Amy Schurr

A recent uptick in the executive search business foreshadows a 
surge in post-election hiring, according to a report from the 
Association of Executive Search Consultants.

Executive search firm revenue grew 14% in the second quarter of 
2004, as found by the professional association's August survey 
of more than 1,200 executive search consultants. These newly 
placed corporate leaders in turn likely helped drive creation of 
the 548,000 jobs that have been added since May, the AESC says. 
As other evidence of improved hiring, the U.S. Department of 
Labor recently announced that 144,000 jobs were created in 
August.

"Executive search is a leading indicator four months out of 
where the overall job market is headed," says Peter Felix, 
president of the AESC. "AESC's latest analysis shows that the 
robust increase in executive search industry revenue during the 
second quarter of 2004 will translate to overall increased 
hiring after the U.S. presidential election."

Felix notes that once an executive comes on board, it takes 
another 90 days for that person to affect the company's hiring 
at lower levels.

Another highlight of the AESC's study is that executive hiring 
is on the rebound in the long-suffering technology and financial 
services industries. Executive search activity in the tech 
sector increased 5% from the first to second quarter of 2004, 
according to the research.

"Optimism in our industry is once again high with demand for 
executive search consulting coming back to the post-recession 
levels of 1998-99," Felix says.

For more information, go to the AESC's site at 
<http://www.aesc.org/>.
_______________________________________________________________
To contact: Amy Schurr

Amy Schurr is an editor for Network World's Management 
Strategies and Features sections. If you have any career topics 
you'd like her to cover or want to comment on this newsletter, 
you can reach her at <mailto:[EMAIL PROTECTED]>.
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ARCHIVE LINKS

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FEATURED READER RESOURCE
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