The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Executive recruitment set to pick up

The executive search industry is eagerly awaiting 2004 after Hunt Scanlon Advisors, a market research firm, released a survey predicting that fees for the search profession will see single-digit growth from 2004 onwards. Fees for research consultancy may be as high as $16 billion by 2007.


Over 60% of the survey respondents said they plan to increase their search consultancy operations over the next 12-to-18 months, though Hunt Scanlon warn that recruitment will not reach the heights of the technology boom.


"While we don't see search industry revenue levels reverting to the internet era, there are several positive signs in the marketplace that provide a framework for healthy growth," says Brian Lee, chief market strategist at Hunt Scanlon. Lee cites improved corporate earnings and a long-term reduction in HR departments as drivers behind recruitment. 


The prospects for future growth, both for the recruitment industry and for corporates, are encouraging. "At some point we will experience an uptick in hiring activity since employers can no longer achieve further productivity gains with their existing workforce and therefore need to begin focusing on top-line growth," Lee adds. The positive news follows a decidedly flat 2003 for the recruitment industry.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree