New survey finds that 38% of senior executives have a positive outlook on the global executive job market for the rest of 2013—up 12% from this time last year. 45% of global senior executives share a positive impression of the general business climate for the second half of 2013—up 10% over mid-year 2012.
Releasing the results of their 2013 Mid-Year Global Executive Outlook Survey, BlueSteps, the career management service of the Association of Executive Search Consultants (AESC), announced today that 80% of global executives share a neutral to positive attitude about the executive job market for the second half of 2013 (42% neutral; 38% positive).
Due to the improved business climate in some markets, 45% of global executives expect their total compensation to increase in the next 6 months. The majority of those expecting increases expect to see a 6-10% increase, which is higher than the expected compensation increases of 1-5% from the beginning of 2013.
Regardless of the improved executive job and compensation outlook, 82% plan to look for a new executive opportunity in the next 6 months, while 64% report being more willing to make a career move in the second half of 2013 compared to the first half of the year.
Peter Felix, President of the Association of Executive Search Consultants and, commented, “These results show gradually improving sentiment amongst the senior executive community, no doubt reflecting the gradual pick up in major parts of the world economy. Inevitably the mood varies from region to region and sector to sector, but there is no doubt that there is greater optimism today than 12 months ago matched by a high degree of restlessness amongst executives as they seek out new opportunities. This long awaited improvement in outlook will inevitably spill over into executive mobility and fuel the latent talent shortage.”
Executives worldwide predict the greatest executive talent shortages this year to occur in the General Management/CEO/COO functions, followed by Engineering and Business Development.
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About the Survey
This BlueSteps survey was conducted in June 2013 and received 491 responses, from the Americas (48%), EMEA (42%) and Asia Pacific (10%).
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