Executive hiring industry growing despite challenges

The Executive Search industry, which offers external recruitment services for businesses looking to make top-level hires, has shown remarkable resilience in the face of macro-sized challenges – indicating that HR is still turning to recruitment experts to make hires at the apex of their business.

For hires above £200,000 the Executive Search market grew 5.8% over the period 2016/17 – 2017/18. For hires between £100,000 and £200,000 the hiring market grew 4.0%

This vastly outstrips growth for UK GDP which was 1.8% during 2017 and sat at 0.2% during the first quarter of 2018 and comes despite the oft-cited challenges that an impending Brexit and an ongoing skills shortage are posing – as well as the popularity of inhouse resourcing teams and the use of professional networking media, such as LinkedIn, when searching for new hires and roles.

Noting the Search industry’s excellent performance, Dave Heron, CEO, Wilton & Bain added that Search firms who were able to meet changing demand are primed to benefit.