Ex­ec­u­tive search leaps ahead

The Weekend Australian - Travel - - Careerone -

THE search for ex­ec­u­tive tal­ent has in­creased. This is an in­di­ca­tor of con­tin­ued global growth, says a re­port from The As­so­ci­a­tion of Ex­ec­u­tive Search Con­sul­tants. In the last quar­ter, the ex­ec­u­tive search in­dus­try’s rev­enues in­creased by 20 per cent over the same pe­riod last year, the re­port says. ‘‘ Se­nior level ex­ec­u­tive search ac­tiv­ity is al­ways an in­di­ca­tor of growth, of change and of strate­gic de­vel­op­ment,’’ says AESC pres­i­dent Peter Felix. ‘‘ In the past four years, we have wit­nessed the un­usual phe­nom­e­non of ma­jor forces com­ing to­gether to cre­ate an un­prece­dented de­mand for ex­ec­u­tive tal­ent around the world. Or­gan­i­sa­tions con­cerned to seek out the best tal­ent now recog­nise that the world­wide short­age cre­ated by de­mo­graphic changes, the ex­pan­sion of emerg­ing mar­kets, such as In­dia, China and Rus­sia, and changes in at­ti­tudes and mo­ti­va­tion of ex­ec­u­tives are all con­tribut­ing to a ‘ per­fect wave’ of de­mand.

‘‘ To com­pete for the best tal­ent they recog­nise the need for re­tained ex­ec­u­tive search con­sul­tants to rep­re­sent them in the mar­ket. Th­ese are heady days for the ex­ec­u­tive search pro­fes­sion.’’

Out of the to­tal ex­ec­u­tive search mar­ket, the US rep­re­sented more than 40 per cent, Europe 34 per cent, Asi­aPa­cific 16 per cent and South Amer­ica 7 per cent.

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