Over the past three years, executive recruiters have seen a terrible downturn--thousands
have been laid off and revenues in the search industry have decreased about
30 percent worldwide since 2000. According to a new CareerJournal.com report,
business is improving and executive recruiters are hanging out their own "Help
Wanted" signs again.For a Limited Time receive a
FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with
customized information for your industry, location, and job.
Get Your Report Now!"Both retained-s
earch and contingency firms are hiring," reports
Perri Capell in a CareerJournal.com article today. "The most demand is
for mid-level associates and inexperienced newcomers to fill in the ranks and
help senior partners conduct searches."
Most desirable are recruiters with specific industry experience, followed by
those with sales experience in a specific industry, followed by those with industry
experience. Those who want to try this career should decide if they have the
drive and energy to succeed, recruiters agree.
The CareerJournal.com report notes that such larger firms as Korn/Ferry, The
Lucas Group and Spencer Stuart, as well as small firms such as Jones-Parker/Starr,
are hiring new associates.
While earnings vary, a contingency search executive generating $1 million in
revenues typically takes home between 50 percent and 55 percent of that amount.
A senior associate working for a retained firm might be paid between $90,000
and $120,000 annually. Meanwhile, corporate recruiters earn annual pay of $75,000
to $150,000.
For more information, visit http://www.careerjournal.com/salaryhiring/industries/hr/20040324-capell.html?home_whatsnew_major