BRUSSELS--(BUSINESS WIRE)-- In its second quarter report on the worldwide executive search industry, data from the Association of Executive Search Consultants (AESC) indicates quarter on quarter revenue growth of almost 10% and a year on year growth of 11%. The number of search assignments has also increased – by 4% both year on year and quarter on quarter – representing a reversal in the recent trend of fewer assignments albeit of greater value.
Sector trends highlighted particular growth in the number of new searches started within the Industrial sector, up 15.2% quarterly from Q1 2014 to Q2 2014 and 5.9% yearly from Q2 2013 to Q2 2014. Life Sciences/Healthcare also saw positive quarterly (5.3%) and yearly growth (1%) in new executive searches.
AESC President Peter Felix commented: “It is very encouraging to see continuing demand for senior executives both on a regional and sector basis. This positive trend is indicative of economic recovery in the major economies of North America and Europe and the desire by Boards of Directors and top management to more actively engage in the search for the best talent to achieve growth and strategic development.”
The EMEA, Asia Pacific and North American regions all recorded strong annual and quarterly growth, while the Central and South American region recorded a drop in quarterly activity of 1.6%.
A full copy of the AESC’s Q2 2014 State of the Executive Search Industry Report is available to AESC members and the press.
About the Association of Executive Search Consultants
The Association of Executive Search Consultants (AESC) is the worldwide professional association for the retained executive search and leadership consulting industry. The AESC promotes the highest professional standards in retained executive search and leadership consulting, broadens public understanding of the executive search process, and serves as an advocate for the interests of its member firms. For more information, or to download the AESC Code of Ethics and Professional Practice Guidelines, please visit www.aesc.org.
The AESC also offers www.bluesteps.com, a career management service for senior executives, and www.executivesearchconnect.com, a free service for the HR community offering industry information and tools to assist with senior executive recruiting, including access to the AESC’s International Executive Search Directory.
Source: The Association of Executive Search Consultants