Executive search revenues rise despite economic uncertainty

A rise in revenues within executive search has been seen for the first time since June 2011, according to the latest industry trend statistics.

The Association of Executive Search Consultants’ (AESC) second quarter global statistics show an increase in revenues of 8.6% compared to the previous quarter – the first upward trend since June last year.

Q2 2012 State of the Executive Search Industry Report also shows that, despite an increase in revenues, the number of new searches remain flat. This suggests that the value of searches has increased.

Year-on-year results show a decline of 6.1%, however Peter Felix, President, AESC, says: “Although at first sight a year-on-year decline in revenues is negative nevertheless the fact that quarter-on-quarter revenues have begun to rise again, even though modestly, is encouraging for the industry as a whole given the enormous uncertainty which continues to exist in the world economy.”

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