How to keep moving on up.
City AM | 12th January 2012
CONTRARY to popular belief, there is very little wrong with the senior executive recruitment market at the moment. By senior executive, I mean salaries over the £150,000 mark. The dark shadows cast by the current economic climate are mainly affecting employees on the lower rungs of the career ladder – the higher end of the market is positively booming in comparison.
Certainly, the market is nowhere near where it was at the start of 2008, however, it is much better than 2010. The upturn started in November 2010 and since then the number of unadvertised vacancies (headhunted vacancies notified to us) has increased every month with roughly a 25 per cent increase overall.
The financial services sector is also fairly robust in the top end of the market as the need for experienced executives has not abated, and in certain areas has increased dramatically as those with skills relevant to both a bull and bear market are in short supply...