As one year comes to a close and another kicks off with fresh energy, ideas and inspiration, it’s instinctive to evaluate the lessons of the last 12 months and assess what will bring us professional and personal advancement in the future. 2018 was full of highlights both for our clients and our company, and before we focus on the anticipation of the new year, we’d like to celebrate some of our collective successes.
The 20/20 Foresight Executive Search team was thrilled to once again be named to the Forbes’ list of “America’s Best Executive Recruiting Firms” for the second consecutive year. With a #15 overall ranking and the #1 spot as the nation’s top real estate executive search firm, 20/20 Foresight is honored to be recognized in this prestigious compilation for our highly specialized approach to recruitment.
Our ongoing collaborations with our clients to achieve their executive search goals are our main cause for celebration. In 2018, the 20/20 Foresight team:
Successfully completed 36 C-Suite searches
Realized a 94 percent success rate of searches within 6 months and a 99 percent placement rate within 9 months of the beginning of a search
Sustained an average 4-month search time for a C-Suite placement and 2.5-month search time for a mid-level Executive placement
Maintained a “stick rate” of higher than 92 percent on all placements since the beginning of 2017
These accomplishments set a high bar for our work throughout the new year and beyond.
As we enter 2019 with renewed drive and motivation, what industry insights and job market trends should we keep top of mind?
2019 employment trends and predictions
As we are all aware from the headlines, 2018 saw one of the strongest job markets in decades, continuing a surge of steady growth for the past nine years. The national unemployment rate hovered at 3.7 percent — the lowest it has been since 1969. This is all encouraging news, but how will the ever-changing job market fare in 2019? What will be the disruptors we should look out for?
We predict that heading into the 1st and 2nd quarters of the new year, hiring executive-level talent will remain hyper intensive, with the areas of finance/accounting and construction/development serving as bellwethers of these employment trends. However, as the year progresses, we do anticipate an overall slow down in the employment sector for the remainder of 2019, most notably for upper-level executives.
While the economy doesn’t seem to be slowing down as of yet, cracks are beginning to show. As a recent Forbes article explains, recessions are oftentimes unexpected and tend to be preceded by economic strength. The author notes that watching indicators such as retail sales, industrial production and the unemployment rate can help predict if and when a recession might hit.
Your 2019 to-do list
Armed with the learnings of the past year and the prospects of the new, what will your team’s success story be in 2019?
Prepare for your hiring needs in the new year by partnering with knowledgeable experts who specialize in your field. We call our approach the 20/20 Difference, and it means that you’ll have the industry’s best database, next-level search technologies, an extensive candidate evaluation process and a one-of-a-kind hybrid fee structure to bolster your searches and bring your company the nation’s top talent.
The 20/20 Foresight Executive Search team wishes you all the best in 2019. We look forward to working with you as the year unfolds and opportunities arise to add to your team.