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Executive Job Outlook

“An optimist sees an opportunity in every calamity; a pessimist sees a calamity in every opportunity."
- Sir Winston Churchill

Global survey of top executives shows 38% drop in positivity from this time last year

Releasing the results of their 2012 Mid-Year Executive Outlook Survey, BlueSteps, the executive career management service of the Association of Executive Search Consultants (AESC), announced today that only 26% of global executives hold a positive attitude about the job market after the first six months of 2012, a 10% drop from January of this year, and a sobering 38% drop compared to July 2011.

Are you working in a foreign country and looking for a position that will enable you to return to your country of origin? Are you overwhelmed? Are you working long hours or struggling with language barriers? Paralyzed at the thought of starting a new network? Working and living in a foreign country can be challenging.

Most executive job seekers don’t find networking as easy as people think. Executives run multimillion-dollar businesses and schmooze investors, Boards of Directors, etc., as a normal course of doing business. Yet, when it comes to networking for themselves, it is an entirely different story. They feel uncomfortable tooting their own horn to others.

Andrew Chastain, vice board chair and senior vice president of Witt/Kieffer, a leading executive search firm specializing in healthcare, issued the following statement about the impact of the Supreme Court’s healthcare decision on the healthcare marketplace:

  1. Being perceived as less productive… (can’t keep up with the pace; less energy; less motivation – just coasting until they can retire, etc.) and less healthy (more absences) than younger workers.

    Example: A client who was an accountant for his entire career was laid off and spent a year looking for other positions. Even though he might get to the level of top 2-3 candidates in the interviewing process, he didn’t get the offer. He thought it might be because he is overweight and walked with a slow gait, a bit hunched over from many years sitting at a desk. He decided to change careers and pursued his passion of cooking with a friend who owned a high-end restaurant. There he works as a chef and on the accounting!
     

Yet, Work-Life Balance Remains a Struggle



Releasing the results of the 2012 Focus on Latin America study, BlueSteps.com, the executive career management service of the Association of Executive Search Consultants (AESC), announced that, of those executives currently working in Latin America, who have also worked in other regions, 52% find advancement opportunities in Latin America to be better compared to advancement in other regions. Only 24% rated advancement in the region as less favorable.

Despite slight overall declines, the technology and consumer industries show strength.

According to data just released by the Association of Executive Search Consultants (AESC), the first quarter of 2012 saw a small increase (+2.5%) in the number of new executive searches started as compared to the fourth quarter of 2011. However the overall trend was a decline in revenue, both on a quarter to quarter and year to year basis (-6.3% and -7% respectively). The technology and consumer industries showed strength, but other major industry groupings, such as the industrial and financial sectors, saw a drop in demand.

"Finally, we should help developing nations like China and India curb their exponentially increasing consumption of oil and natural gas, which is driving world prices higher." - Governor Bobby Jindal, U.S. State of Louisiana

India is widely regarded as one of the world’s largest fuel consumers. Interestingly, it is India's rapid growth and huge population which has meant that fuel is devoured with such rigor, and often consumption needs cannot be met by the intermittent power supply. Equally, the erratic demand and supply of energy, combined with the use of an unsustainable energy source such as coal, has long been a problem, not only for India, but for many other countries as well.
 
"China also has moved away from its original status of purely producing basic, what you call, consumer commodities and Chinese companies are moving beyond China to various parts of the world." -Sellapan Ramanathan, President of the Republic of Singapore

"It is interesting that developing countries, with China and India perhaps in the lead, where the future of the global environment will be decided are now on board with the case for sustainable development." 
- Maurice Strong, Former under-secretary general of the United Nations