2012 BlueSteps Executive Outlook Report

Turbulent Global Economic and Geopolitical Conditions
Cloud Senior Executive Outlook for 2012

The 2012 BlueSteps Executive Outlook Report shows that only 36% of global senior executives have a positive attitude about the job market in 2012, a sharp 28% decline from 2011. Additionally, only 36% of respondents share a positive impression of the general business climate for 2012, a sobering 40% drop from last year.

When asked about their greatest career-related concerns for 2012, shrinking executive opportunities was the most commonly cited concern, shared by 48% of senior executives. Global economic and political turbulence was the second most commonly expressed career-related concern for 2012, mentioned by 18% of respondents.

Regarding outlook for the general business climate in 2012, 55% of senior executives cite the tumultuous state of the global economy as their primary concern for this year. Specific comments include: “World events may very well pull everyone into a depression, far worse than the recent recession” and, “World economic chaos is causing deferral of talent investment.” One respondent commented, “Given the state of the economy in the United States and the world, particularly Europe, I do not see a driver of demand for goods and services.”

Peter Felix, AESC President commented: “That senior executives should be cautious and even pessimistic about the state of the world economy and the job market in the months ahead is no surprise. However, continued interest in new opportunities is always a mark of ambitious and successful executives and the search profession will continue to help organizations identify these high fliers whenever the situation demands. It should be remembered that recession and market downturns are always only a temporary brake on the hiring of talented management.”

Despite the challenging forecast predicted by global senior executives, 65% report they are more willing to make a career move in 2012 than they were in 2011.

A full copy of the BlueSteps 2012 Executive Outlook Report is available to BlueSteps members, AESC members and the press. Members may login and download a copy of the report at this link. For press inquiries, email Joe Chappell at jchappell@aesc.org.

About BlueSteps
BlueSteps is the exclusive service of the AESC that puts senior executives on the radar screen of over 8,000 executive search professionals in over 70 countries. Be visible, and be considered for up to 75,000 opportunities handled by AESC search firms every year. Find out more at www.BlueSteps.com.

About the author

This article was written by Joe Chappell, Managing Director, Global Marketing at the Association of Executive Search Consultants (AESC).

About the Association of Executive Search and Leadership Consultants

Since 1959, the AESC has set the standard for quality and ethics in executive search and leadership consulting worldwide. Because AESC members must commit and adhere to the AESC's industry and government recognized Code of Ethics and Professional Practice Guidelines, clients can be assured that AESC members are able to serve as trusted advisors for their most important engagements. As the voice for executive search and leadership consulting worldwide, today the AESC is comprised of more than 350 member firms, representing 8,000 executive search professionals in 75 countries. To learn more about the AESC and its membership, visit www.aesc.org.


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