Executive Searches are on the Rise.

In an article published in the Wall street Journal this week by Joann S. Lublin for Wall Street Journal www.wsj.com She had some very specific discoveries…...

“As the economic recovery gathers speed, big U.S. businesses are coming out of their crouch and hunting for fresh management talent that can help them grow faster. The number of North American executive searches rose by 27% last year after plunging 24% in 2009, according to the Association of Executive Search Consultants.
The hottest prospects are team players who created value at big companies that held their own during the downturn, recruiters said. Star executives innovate and move quickly.
Strategies needed "to steer toward new growth are different than in the past," said John Wood, head of the global CEO practice for executive search firm Heidrick & Struggles International Inc.
With the fastest growth happening overseas, many boards are looking for executives with a global view and work experience in several foreign countries, said Karena Strella, U.S. co-leader for another leading search firm.”

At PermanTech we are experiencing very similar issues within our searches. Management and executive level searches are on the rise in Electric Vehicles and Electronics. A track record of past successes is extremely important as hiring authorities are demanding talent that can hit the ground running. We’ve seen talent still a little skittish about relocating; the uncertainty of company stabilities have many talented professionals still a reluctant to make a move and several are turning down better paying, more challenging job offers due to that fear of uncertainty. Those that do step in tend to hedge their bets by refraining from selling their homes right away, negotiating employer paid temporary housing for six month or other strategies.