January 7, 2002
For Immediate Release:
SURVEY: TOP EXECUTIVES SAY
BETTER TIMES AT HAND
But Few See More Hiring in Next
DALLAS -- A new survey of
executives working for major corporations suggests
a better business climate may be at hand.
Conducted by The Broadmoor Group, a Dallas-based
executive search consultancy, the survey indicates
that 72% of executives expect business conditions
within their companies to improve in the next six
months. Only 5% expect conditions to decline,
while 23% expect conditions to remain the same.
The survey shows less optimism
about hiring, however. Only 19% of executives
surveyed expect hiring of executives to increase
in the next six months, while 73% indicated hiring
levels would stay the same, and 8% said hiring
levels would decline.
"Executives are generally
upbeat, but hiring is in a holding pattern until
they actually see conditions improving," notes
Randy Neal, senior partner with The Broadmoor
Group. "In the meantime, they are trying to
maintain current headcount and they may make
strategic executive hires when necessary."
Optimism regarding business
conditions varies by industry, the survey
suggests. Ninety percent of financial services
executives surveyed expect business conditions to
improve in the next six months, followed by 71% of
professional services executives, 69% of
software/IT executives, 68% of telecommunications
executives, and 63% of manufacturing executives.
Financial service executives
also expressed the most optimism regarding
increased executive hiring within their companies.
Thirty-one percent of financial services
executives indicated executive hiring within their
firms would increase in the next six months,
followed by 28% of software/IT executives, 19% of
manufacturing executives, 16% of
telecommunications executives, and 14% of
professional services executives.
The survey was sent by email
in January, 2002 to 450 executives working with
some of the 1,000 largest companies in the nation.
Over 145 responses were received. For more information
about the survey, email
Randy Neal is a senior
partner of The Broadmoor Group L.L.C., a retained
executive search consultancy dedicated to the
recruitment of key executive talent for successful
business organizations around the world.
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