Demand for Executives Rises Sharply


As corporate growth fueled a soaring economy in 1999,
companies eagerly recruited executives to keep their
expansion on course. A survey of hiring for more than
20,000 executive and senior management positions revealed
overall demand grew by 26%, outstripping 1998’s gain of 19%.
Virtually every industry took part in the hiring binge,
with consulting posting the solitary decline (-5%).

Executive Hiring Rates—by Salary Level

Money was no obstacle as companies clamored for high-priced help.

Executive Hiring Rates—by Region

Hiring activity was greatest on the West Coast, where head count increased at a rate many times that further east.

Executive Hiring Rates—by Industry

New media and technology racked up impressive gains compared with other industries, leaving manufacturers and natural resource producers far behind.

Executive Hiring Rates—by Position

Demand for general managers led all position categories, with consultants the only group suffering a decline in hiring.

Source: Executive Talent Demand Index, Exec-U-Net ( www.execunet.com ), Norwalk, Connecticut, 2000.

SPONSORED REPORT

Revenue recognition: A complex effort

Implementing the new standard requires careful judgment. Learn how to make significant accounting judgments and document them and collaborate with peers for consistent application.

VIDEO

How to Excel pivot a general ledger

The general ledger is a vast historical data archive of your company's financial activities, including revenue, expenses, adjustments, and account balances. J. Carlton Collins, CPA, shows how to prepare data for, and mine data with, PivotTables.

QUIZ

News quiz: Taking an economic snapshot and looking to the future

Recent news included IRS actions that affect individuals and partnerships and a possibly influential move by a Big Four accounting firm.Take this short quiz to see how much you know about the news.