Executive IT recruitment down almost 14 percent
The tech industry saw 13.8 percent fewer executive searches in Q2 2007 -- the largest drop of any job sector -- according to the latest study from the Association of Executive Search Consultants (AESC).
But don't panic, C-level IT execs. A couple macro factors might be at play. For example, AESC president Peter Felix thinks the tech job market could be stabilizing, rather than grinding to a halt. In other words, the drop might indicate less executive turnover and steadier job hiring, not an industry downturn.
'Tis also the season. August is traditionally a slow month for tech hiring, and this year is no exception. There's a good chance the numbers will rise again in September when everyone comes back from their summer vacations and goes back to punching the clock.
And don't forget the old saying “slow and steady wins the race.” Our industry often gets caught in bubbles that spark wild hiring as they inflate, and force layoffs when they burst. I'm sure IT executives will take predictable ebbs and flows over volatile spikes any day, if it means greater job security in the end.
Posted by Christy H.