TheLadders.com Quarterly Executive Employment Outlook
Tampa Shows Strongest Growth in $100K+ Jobs
NEW YORK, June 20, 2005 /PRNewswire/ -- With fortunes tied closely to the ebbs and flows of economy, executives in the $100k+ job market are a prime indicator of underlying economic health. According to a survey conducted by TheLadders.com, the world's leading $100,000+ jobs Web site, market sentiment in the second quarter of 2005 remains optimistic, though down slightly from the first quarter of 2005. According to TheLadders.com's state-by-state job market data, Tampa has shown the most growth in the number of $100K+ jobs offered during the first quarter.
In general, executives surveyed by TheLadders.com felt good about the current job market. When asked: is now a better time to be in the job market than this time last year, 68% of the survey's respondents said yes. When this survey was last conducted in March 2005, a slightly higher percentage (77% percent) of respondents answered positively.
When asked to forecast the length of their job searches, respondents congregated in the middle: 33% predicted a 3-6 month hunt; 30% anticipated a 1-3 month search; and 24% expected to be in the market for 6-12 months. Thirteen percent of the executives surveyed think their job search will take over a year. These numbers are virtually unchanged from the March 2005 survey.
A recurring trend in the Executive Job Market Outlook is the expectation for lots of legwork. Thirty three percent of respondents said they expect to send out over 100 applications before getting an offer; 27% said they'd need to apply to 20-50 jobs before an offer is made; 22% anticipated it taking between 50 and 100 applications to shake out an offer; and 18% thought it would require less than 20 applications to land their next gigs. These numbers are consistent with the March 2005 survey.
Regional Job Market Data:
In conjunction with its executive survey, TheLadders.com also assessed $100k+ market hiring trends throughout the U.S. The top five cities showing the sharpest increase in available $100k+ positions over the past quarter are: Tampa (16%), Miami (15%), Baltimore (14%), Washington, DC (13%), and Phoenix (11%). Additional regional job market data is available on a state-by-state basis. For more information, please contact us directly at the numbers listed below.
"While personal views on the job market have slightly declined, we're seeing 4,000 more $100k+ job postings than we did in January on TheLadders.com. The executive job market is sending a clear signal: companies are aggressively looking to hire top talent," explained TheLadders.com President and CEO, Marc Cenedella. "And it's not just on the coasts; we're seeing strong growth trends nationwide."