The Association of Executive Search Consultants’ (AESC) second quarterly report on the international executive search industry indicates quarter-on-quarter revenue growth of 9.1 percent, as well as a year-on-year growth of 11.2 percent.
The total number of search assignments has also increased by four percent from Q2 2013 to Q2 2014, reversing the recent trend of fewer assignments. In particular, sector trends revealed growth in the number of new searches began within the industrial sectors, up 15.2 percent quarterly from Q1 2014 to Q2 2014 and 5.9 percent yearly from Q2 2013 to Q2 2014.
The life sciences and healthcare sector also saw positive quarterly (5.3 percent) and yearly growth (one percent) in new executive searches. The Middle Eastern, Asia Pacific and North American regions also saw strong annual and quarterly growth, although the Central and South American regions noted a drop of 1.6 percent in their quarterly activity.
Nonetheless as developing markets across the rest of the world continue to grow, so will the need for experienced managers, directors and consultants, and Executives Online expects the international demand for executive search to continue to rise for the foreseeable future.
Through the successful placement of highly experienced executives in 11 countries across the world, Executives Online has gained exceptional insight into how the executive search industry can reveal wider trends in the business world, and the growing demand for senior executives clearly reflects the recent economic recovery in Western Europe and North America.