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Executive Watch

'This summer's strong recruitment activity implies that executives forecast stability and growth into '07'

By Anthony J. LoPinto | Updated on July 25, 2006
Perspective

The lazy, hazy days of summer are in full swing, setting the stage for, historically, a time when many executives take vacation for a week or two with family and friends at the beach, and hiring activity comes to a crawl.  But, that’s not the case this year.  We continue to experience robust recruiting at both senior levels and for mid-level professionals across all sectors, particularly for developers and investment types.   Mid-year has always been a sluggish recruiting period for a variety of reasons: the summer slowdown, the cost of hiring someone and having to cover a full year’s bonus, and the beginning of a look forward into the next year, which often can result in deferring some hiring decisions until the budget comes into sharper view.  However, the good news is that this summer’s surprisingly strong recruitment activity implies that executives continue to forecast stability and growth into ’07, so you can relax and bring on a double lemonade.

Anthony J. LoPinto is CEO of Equinox Partners, an executive search firm specializing in the real estate industry, and parent company of SelectLeaders

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