CNNMoney.com reports on a specific area that is experiencing a hiring problem – lack of candidates:
Despite the slump at lowlier levels of the job market, there’s currently a war for senior management talent. In fact, 70% of executive recruiters surveyed by networking organization ExecuNet (www.execunet.com), say there’s a shortage of people who can step in and run things.
We’ve seen this shortage first-hand in the sales arena. Strong sales leaders are in demand right now, especially in one corporate segment (emphasis mine):
Companies doing the most executive hiring aren’t necessarily the biggest, the ExecuNet study found. Employers with revenues between $51 million and $200 million are expanding their senior-level management teams by almost 30% this year, for instance. By contrast, companies with sales of $1 billion or more plan to hire only 12% more executives.
I wonder how much of this shortage is due to the numbers of baby boomers moving out of the workforce and the lack suitably-experienced Gen X managers to replace them.