Most Executives Entertaining Multiple Job Offers

HAPPY EXECUTIVE

Most high-level candidates receive more than one job offer, according to online networking and job site ExecuNet Inc. The company surveyed 380 recruiters and about 51% reported that the executives they work with receive multiple job offers. In 2010, only 35% of search firms worked with executives that received multiple job offers. Although this is good news for executives, overall, the figures still haven’t made their way back to 2007 levels when 80% of search firms reported that the candidates they worked with received multiple job offers.

The jump is still a positive one, and some industries seem to be enjoying it more than others.

“Competition [for candidates] is heating up in some industries,” said ExecuNet president Mark Anderson. Mr. Anderson said that executives in the health-care and technology industries seem to be in high demand, while defense and nonprofit companies are growing the slowest. Among functions, sales and business-development experience are most sought after, although marketing and engineering experience have also seen an increase in demand.

Companies are doing more than just making offers to executives with technology and scientific skill sets. Nearly 60% of recruiters report that companies sweeten the deal by offering perks and increasing compensation, while more than 40% made their offers more attractive by adding signing bonuses. Just last year, less than 30% of companies added incentives such as signing bonuses.

Where you look for a job has a lot to do with how many offers you might receive as well. For example, if you’re an executive with a technology background, you can expect to receive more offers in say DC or New York than Chicago. If you’re an executive in the healthcare field, forget Fresno and head to Florida.

  

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