Executive Outlook – September 2020

On September 4, the U.S. Bureau of Labor Statistics reported that unemployment has continually declined since the jobless peak spurred by the covid-19 lock down measures in March.  Lead5’s recent analysis of executive appointments shows a gradual improvement in the c-level job market, and we will continue to monitor and report on these trends as executive hiring is historically an early indicator of overall employment.

A discussion point in the Lead5 Executive Community is what executives should be doing now to increase their marketability.   The good news is that there are proactive measures that executives can deploy that are proven to be effective in any market.   The key is developing an action plan and sticking to it.

Executives: Be Proactive and Discover New Opportunities

See what Lead5 members are saying about the market and join the conversation:

https://lead5.com/community/forums/posts/241182

Executive Outlook – August 2020

Executive hiring is historically a significant leading indicator of the overall health of the US economy.

Lead5 analysis of the start of Q3 data (July through mid-August) shows a continued downward trend in executive appointments (see chart below).  This trend is troubling, but Lead5 forecasts that the decline from Q2 to Q3 will be slightly less severe than the decline from Q1 to Q2.

Executive opportunities tracked by Lead5 are also trending downward by 45% from Q1 to Mid-August.

Here at Lead5 we have been in constant discussions with executives through our member consults along with corporate talent partners and PE investors. The general view is June started with good momentum, but July and August from an executive hiring/decision making standpoint has stalled out. Our data supports this view. The historical “check with me after Labor Day” mantra seems to be more heightened this year with the effects of the pandemic and social unrest.

Lead5 will continue to monitor the full Q3 data through September with an eye on a possible uptick after Labor Day to finish Q3 on stronger footing.

See what Lead5 members are saying about the market and join the conversation:

https://lead5.com/community/forums/posts/241182

 

 

 

 

 

 

 

 

Executive Job Outlook – July 2020

Executive hiring has long foretold the overall health of the U.S. economy which has been severely impacted by covid-19 and global socio-political factors.

Analysis of Lead5 data from Q1 to Q2 for 2020 shows a quarter over quarter 30% decrease in executive opportunities, a 35% decrease in PE deals, and a 43% decrease in executive appointments.  This decline was expected as executive searches which typically take 90 to 120 days were canceled or put on hold during the lockdown.  Industries with the largest decrease in executive appointments from Q1 to Q2 were consumer followed by business services and industrial. Technology, healthcare and financial services also had declines, but not to the extent of the other sectors.

For executive opportunities, July is trending above June through July 10.  Some economists predict that the economy will begin a resurgence in Q3 and if that occurs, US companies will respond by appointing new executive leadership teams.  Lead5 will continue to monitor these data trends going forward.

Leading During Crisis

Members of the Lead5 Executive Community are tasked with leading their organizations during unprecedented crisis involving every aspect of society.  In this video, Peter Thies from the River Group has joined Lead5 CEO, Josh Wimberley, to discuss key character traits that are helping successful leaders connect with and empower the employees whom they serve.

The video can be also be viewed in the Lead5 Executive Community forum section where you can ask questions about leadership, or anything else career-related.