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Nearly One in Four Companies Expects to Hire for Executive Level Positions Over Next Six Months, According to CareerBuilder Survey

-CareerBuilder launches new management and executive-level job site HeadHunter.com

-Half of employers place equal emphasis on recruiting executives inside and outside of their organization; 18 percent prefer looking solely for external talent

CHICAGO, OCTOBER 12 – As caution continues to dictate the economic climate, many companies are recruiting top talent to navigate uncertainty and maintain a competitive advantage. Twenty-three percent of employers expect to hire for executive-level positions over the next six months, according to CareerBuilder’s new nationwide survey of more than 2600 hiring managers and human resource professionals conducted from August 15 to September 8, 2011. The survey is in conjunction with CareerBuilder’s launch of HeadHunter.com – a job search and recruitment site for management and executive-level candidates.

Consistent with hiring expectations for all workers, information technology companies are leading the way in executive hiring, with 35 percent reporting they’ll fill top positions over the next six months. Other areas expecting to recruit executives include healthcare (25 percent), sales (24 percent), professional and business services (23 percent), financial services (23 percent) and leisure/hospitality (23 percent).

HeadHunter.com connects high-level professionals with thousands of exclusive management and executive-level jobs at no cost; the site is also free of advertising. Members receive competitive data reports that show how they stack up against other applicants in aggregate for each position. Reports include the number of applications received and other applicants’ years of experience, desired salary, and education levels. HeadHunter.com members have professional management experience and have been active in the workforce for more than seven years.

“Companies have a perpetual need to attain competent, agile senior leadership. At no time is this more important than during an uncertain economic recovery,” said Brent Rasmussen, president of CareerBuilder North America. “HeadHunter.com is designed to highlight opportunities for talented professionals looking for jobs on multiple levels of an organization – from senior managers and department directors to vice presidents and C-level officers.”

Profile of Executive-Level Candidates

The survey found that recruiting for executive-level positions is not necessarily an internal task. While a third of employers prefer to look for executive level candidates internally, 18 percent prefer to look externally and half place equal emphasis on internal and external candidates.

One in five employers looks for a candidate with an MBA, comparable degree, or higher level degree when recruiting executive-level positions. While prior industry experience is an important asset for many employers, 47 percent would still be willing to hire a candidate without it, suggesting that past accomplishments and leadership style are paramount in the executive recruitment process.

The forecast confirms that, for the most part, the right experience comes with age. According to employers, the average executive is age 41 or older. Forty-five percent of executives are between 41 and 50-years-old and 29 percent are older than 50. Twenty-six percent of executives are age 40 or younger.

The following are other qualities employers look for most in executive-level candidates:

· Proven ability in addressing problems with effective solutions (74 percent)

· Adept at motivating others (63 percent)

· Can act with speed and agility in a changing market (55 percent)

· Creativity (52 percent)

· Emotional Intelligence (46 percent)

· Experience in different areas (44 percent)

Survey Methodology

This survey was conducted online within the U.S. by Harris Interactive© on behalf of CareerBuilder among 2,696 hiring managers and human resource professionals (employed full-time, not self-employed, non-government) between August 16 and September 8, 2011 (percentages for some questions are based on a subset, based on their responses to certain questions). With a pure probability sample of 2,696, one could say with a 95 percent probability that the overall results have a sampling error of +/- 1.89 percentage points. Sampling error for data from sub-samples is higher and varies.

About HeadHunter.com

HeadHunter.com is a recruitment site for management and executive level talent. Founded in partnership with CareerBuilder.com, HeadHunter.com is a targeted approach for connecting high-level, experienced professionals with their ideal career opportunity. For more information, visit www.HeadHunter.com.

About CareerBuilder®
CareerBuilder is the global leader in human capital solutions, helping companies target and attract their most important asset - their people. Its online career site, CareerBuilder.com®, is the largest in the United States with more than 24 million unique visitors, 1 million jobs and 40 million resumes. CareerBuilder works with the world’s top employers, providing resources for everything from employment branding and data analysis to recruitment support. More than 9,000 websites, including 140 newspapers and broadband portals such as MSN and AOL, feature CareerBuilder’s proprietary job search technology on their career sites. Owned by Gannett Co., Inc. (NYSE:GCI), Tribune Company and The McClatchy Company (NYSE:MNI), CareerBuilder and its subsidiaries operate in the United States, Europe, Canada and Asia. For more information, visit www.careerbuilder.com.


CareerBuilder Media Contact
For all media inquiries and interview requests, contact:

Jennifer Grasz
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(E) jennifer.grasz@careerbuilder.com