According to an article in darkreading.com, the tech industry had nearly 14% fewer executive searches in the second quarter of this year, compared with the first quarter. Some experts think this could indicate a slowdown in tech hiring in general. From the article:
“In general, executive search activity is an economic growth indictor and a barometer of hiring trends, said an AESC report, which analyzes activity of about 1,200 executive search consultants in 42 countries.”
John Challenger, CEO of executive recruitment firm Challenger, Gray & Christmas, says that some unease in the mortgage and real estate sectors seems to be “tempering the mood” in other industries, but that he doesn’t see the slowdown in health care or defense like he’s seeing in the tech sector.
But some experts disagree with this way of looking at things. Kirsten Smith, a partner at executive recruitment firm Battalia Winston International makes the point that August is always a slow hiring month. Although, she does admit that this August was a little slower than last August. She says before making any conclusions about the direction tech hiring is making, one should wait and see what happens in September.