New figures compiled by InterExec shows a 14% increase in the number of unadvertised vacancies notified to them in July/August, with a 12% increase in the financial services industry.
InterExec acts as confidential agents for senior executives earning between £150,000 to £1,000,000.
The firm claims that recruitment of senior executives usually precedes the recruitment of more junior positions, so the 14% increase, which follows a 40% increase in the first half of 2013, would indicate that there is likely to be a substantial increase in broader recruitment over the next six months.
Table: £150k to £1m+ Unadvertised vacancies for senior executives in July/August
| 2012 | 2013 | change | |
| Building and construction | 23 | 67 | 191% |
| Professional services | 72 | 97 | 35% |
| Manufacturing | 94 | 106 | 13% |
| Financial Services | 181 | 203 | 12% |
| Oils/Gas and utilities | 93 | 98 | 5% |
| Financial Management | 107 | 108 | No change |
| Other | 28 | 26 | No change |
| Telecoms, media & technology | 111 | 103 | -8% |
| Total | 709 | 808 | 14% |
(Source: InterExec)
Kit Scott-Brown of InterExec said: “The senior market started to grow last summer and it is the ensuing staff recruitment that we are starting to see now, but the barometer of notifications really shot up in the first half of 2013 with a 40% growth of senior unadvertised vacancies and has now continued with a further 14% growth over July and August – a really strong pointer to employment growth in the New Year. “