According to the Association of Executive Search Consultants (AESC) – a body representing headhunters across the world – the second quarter of 2010 saw the highest quarterly rise in executive search industry revenues since the low point of the recession only 15 months ago.

The latest figures from the AESC show a quarter-on-quarter 12 per cent growth rate in revenue worldwide and substantial year-on-year growth in the number of search assignments started across most industries and regions.

But more significant than that, they also record a 38% year-on-year increase in the number of new executive searches started globally.

In other words, they provide clear evidence that companies are actively recruiting senior-level executives across a whole range of industries and functions.

Executive searches within financial services saw the greatest year-on-year growth in Q2 2010, rising 50 per cent from Q2 2009. This growth was closely followed by increased search activity in the technology sector, up 43.5 per cent year-on-year, and then industrial (+39%) and consumer (+37%). Such positive trends suggest a resurgence for those industries hit hardest by the recession.

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