Executive Search Builds Momentum, Asia Pacific Sees Most Growth, According to AESC.pdf

About Global Documents

Global Documents provides you with documents from around the globe on a variety of topics for your enjoyment.

Global Documents utilizes edocr for all its document needs due to edocr's wonderful content features. Thousands of professionals and businesses around the globe publish marketing, sales, operations, customer service and financial documents making it easier for prospects and customers to find content.

Executive Search AESC Executive Search consulting Asia Pacific region Executive Search industry Growth Search consulting AESC senior Executive year cent Quarter

 
 
 
 
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 
increasing.”  
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.”  
A full copy of the Q1 2010 AESC State of the Executive Search Industry report is available to AESC 
members and press. 
The Association of Executive Search Consultants (AESC) represents the best retained executive search 
consulting firms around the world and promotes the highest professional standards in the industry. Visit 
www.aesc.org for more information about AESC, The International Executive Search Directory or 
BlueSteps, the career management service for senior executives.  
Contacts  
AESC 
Theresa Semackor, +1 212-398-9556 x227 
tsemackor@aesc.org 
Permalink: http://eon.businesswire.com/news/eon/20100511007230/en/Executive-Search/Head-Hunting/jobs