Executive Search Builds Momentum, Asia Pacific
Sees Most Growth, According to AESC
Quarter One Data Reveals 48.3% Yearly Increase in Executive Searches Started in Asia Pacific
May 11, 2010 07:58 PM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--The first quarter of this year showed further positive signs of
recovery for the senior executive search industry around the world with annual growth of 30.2 per cent in new
executive search mandates and a 22 per cent rise in revenues - revealed new data from the Association of Executive
Search Consultants (AESC).
The Asia Pacific region experienced the most significant year-on-year rise in new search mandates in Q1 this year
(+48.3%) followed by North America (+29%) and Europe (+26%). The Asia Pacific region also increased its
market share by 2.5 per cent in Q1 to represent 17.5 per cent of the global executive search market.
All industry sectors included in the survey enjoyed annual and quarterly increases in new search activity with the most
significant annual growth witnessed in the Financial (+39.2%) and Technology (+37.3%) sectors.
AESC President Peter Felix commented, “While the global search industry statistics from first quarter are in
themselves encouraging, what is more so is the cumulative growth since our industry turned the corner in the third
quarter of last year. While momentum has been slow in coming, growth is now tangible and the rate of growth is
Mr. Felix added, “This indication of renewed hiring at the senior executive level will give greater confidence to
executives who are in transition or considering career changes. Our recent BlueSteps.com survey suggested that 41
per cent of executives are dissatisfied with their present positions and would respond positively to a new opportunity.
The underlying trends of talent shortage - caused by changing demographics and the clear demand from emerging
markets – will continue to feed the demand for exceptional talent in the years ahead.”
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