Fewer Companies Seeking Execs; MIS/IT Demand Plummets

Jan. 13, 2005
Demand for executives is slowing -- and MIS/IT demand has fallen far from 1997's top growth ranking -- says Exec-U-Net's 4th-quarter 1998 Executive Market Demand Index study of job listings. Overall growth of executive demand slowed to 19% in 1998 -- ...

Demand for executives is slowing -- and MIS/IT demand has fallen far from 1997's top growth ranking -- says Exec-U-Net's 4th-quarter 1998 Executive Market Demand Index study of job listings. Overall growth of executive demand slowed to 19% in 1998 -- from well over 30% in 1997 -- reflecting the slower economy and economic uncertainties, says the study by the Norwalk, Conn. center for executive careers. Fourth-quarter IT growth was 12%, compared with 1997's average of 58%. By job function, consulting led with 29% growth. Finance grew 22%, sales/marketing and general management 17%. Demand in operations management and human resources declined. By sector, manufacturing showed weakness with static demand; natural resources/base materials declined. Retail/distribution grew 28%, financial services 26%, pharmaceuticals/healthcare 21%, high tech 16%, business services 14%, and media/creative 11%. Geographically, the West Coast and Southwest, Northeast and Mid-Atlantic were strong, but growth in the Midwest and South/Southeast slowed -- probably paralleling slowness in manufacturing. Meanwhile, as the "war for talent" intensifies, growth in $200K-plus executive jobs continues at 51%.

Popular Sponsored Recommendations

Managing Supply Chain Risk in Aerospace and Defense!

Dec. 6, 2023
A&D companies need to adopt digital technologies that enable greater collaboration, active monitoring of leading risk indicators, & integration of supply chain risk factors into...

Executive Summary: Enterprise Resource Planning Manages Manufacturing Risk and Uncertainty in 2024

Jan. 4, 2024
Explore the future of manufacturing in 2024 by discovering how cloud-based ERP systems can help manufacturers thrive amidst supply chain disruptions and economic uncertainty.

Service Lifecycle Management – Challenges and Opportunities

Feb. 18, 2024
Gain insights into the next wave of aftermarket optimization with Harvard Business Review’s whitepaper, in association with Tavant. Get an in-depth look at AI-powered Service ...

Shop Floor Optimization Solves Manufacturers’ Labor Challenges

Dec. 27, 2023
Read this FAQ to learn how mid-market manufacturers can use technology to optimize their shop floors and make better use of their available labor forces.

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!