Some of the top trends in the executive employment market

The ExecuNet, which is a business and career membership network for senior level executives, has released its annual Executive Job Market Intelligence Report-2013. It revealed that the executive recruiters are more positive than they have been in the past five years. The report surveyed a large proportion of business executives that provided a fresh insight into some of the top trends that truly reflect the trends in the executive employment market. Some of the top trends in the Executive Employment Market as per its report are discussed herein below for the benefit of the readers and some of these trends are:

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The role of professional staffing agencies in the job market

Professional staffing service firms or agencies are those staffing firms that are involved in providing high quality and well experienced professionals who are predominately inaccessible through other recruiting channels. These professionals staffing agencies source candidates from the core talent pool through collective professional networks and traditional recruiting methods to present their client organizations a superior group of candidates from which to select for the next hire. The professionals staffing agencies focus on placing junior to senior level professionals on temporary, contract-to-hire and direct hire staffing basis to clients that include small to medium sized business organizations, academic institutions and non-profit organizations.

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Functions of permanent staffing agencies

Permanent staffing refers to hiring an employee by the company on a long-term basis. It involves a higher degree of search and screening process to ensure that the clients’ resource requirements are fully understood by optimizing their workforce management. The concerned staffing firm utilizes their tried and tested hiring practices to ensure consistent new hire quality of their client organizations.  The permanent staffing agencies assignments include sourcing and initial screening of the candidates as well as coordinating of interviews with their client organizations.

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Review about emergence of temporary employment

Temporary employment has emerged as a powerful and most sought after avenue for generating employment as well as revenues/wages for both the employer and the candidate. The global recession and uncertainties about the future and the tax and health care costs inhibiting the permanent jobs has resulted in the majority of labor force in United States to shift to temporary and part-time employment.   The temporary employment, which was relatively new outside of the agricultural and other seasonal work, has grown enormously. According to the Bureau of Labor Statistics or BLS, there were mere 20,000 temporary employees in 1956 that has grown massively by about 2.7 million temporary workers accounting for about two percent of employees in 2000. From 2004 to 2008, temporary employment grew almost by fifty percent in the business and financial sectors.

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