As readers of this Blog know we follow closely executive job changes and often rely on Liberum Research to help assess the “churn” in executive employment. Liberum continues to view the American economy in a more positive light than has been seen by the majority of analysts and economic forecasters. Despite the worrying overall employment numbers and incredibly weak job growth that has been registered of late, Liberum expects these numbers will improve as we move into the late summer and early fall.
Severe economic problems in Europe remain troubling for executive hiring and believe that will continue to impact us in the States. But, Liberum expects to see reasonably robust turnover in the corporate executive ranks. They believe that there will be an increase in churn which will cause a steady growth in executive jobs. The month to month change in executive turnover showed an increase for all the key areas for April 2012 to May 2012.
- CEO changes increased 30%
- CFO changes increased 7%
- Overall C-level changes increased 6%
- Board of Director changes increased 10%
We believe that the return of executive churn to levels prior to the great recession will be slow and spotty, but it seems like we are moving in the right direction.