Greenwich, CT, May 20, 2009 --(PR.com
)-- Executive hiring is beginning to shift despite 19% of firms projecting significant hiring reductions during the balance of 2009 according to the recent Claymore Partners’ 2009 Talent Market survey with over 240 executives. “This is down from 24% of firms having significant hiring reductions in our October 2008 survey and almost thirty percent of firms are also planning to selectively increase their hiring during the remainder of 2009,” according to Mr. Landberg, Managing Director of Claymore Partners.
About half of the executives indicated that the “credit crisis” is still significantly curtailing hiring at their employers. The slowdown in hiring is projected to last until year end 2009 to mid 2010 by the majority of respondents. The impact is now projected to last about six months longer than was indicated in the October 2008 survey.
Healthcare/pharmaceuticals, health insurance, securities brokerage, and consulting industries are hiring the most at this time. Reductions in executive hiring are most pronounced in investment and retail banking, investment management, consumer finance/payments, life and property casualty insurance industries. From a functional perspective, executive hiring reductions are most significant in the product development and operations functions, while there is still hiring increases in risk management/compliance and sales functional areas.
“This is an opportune time for forward thinking organizations to obtain top talent in key areas to create competitive advantages before the talent market shifts back to a supply constraint.”
Claymore Partners is an executive search and consulting firm specializing in senior level searches in the financial services, insurance, healthcare, and consulting arenas. A copy of the executive summary of the Claymore Partners’ May 2009 Talent Market survey can be obtained by emailing slandberg@ClaymorePartners.com.
Claymore Partners LLC
203 987 4641