IT news: demand falls for senior executives
The demand for senior executives is falling, according to research by recruitment consultancy MSL Search and Selection. In the fourth quarter of last year demand for executives fell by 15 percent, compared with the same period in 1997.
The research shows that advertised opportunities fell by 4 percent in 1998. This contrasts with a 27 percent rises in 1997. It is the first fall since 1992. IT executives saw the biggest slump, with demand for them down by 37 percent.
A survey by PA Consulting also suggests a bleak outlook for executives.
PA argues that redundancies will occur for different reasons than those featuring in the last recession. They believe most will be caused by structural business changes, with executives likely to lose their jobs because of where they have been working rather than how they have performed.