T.O. of CEO is OK!

For those of you seeking some GOOD news about the economy and the job market, it’s time we started paying more attention to some of the interesting indicators that things are actually getting better.

I read an article on MSN Money that shows there are quiet but measurable signs things are getting better.  It’s an upgrade announcement of two major Executive Search Firms, Heidrick and Struggles and Korn Ferry International from “neutral” to “buy”.   This is based on a shift from a 0.6 decline in revenue in August to a 2.6 GAIN in revenue in September.  Another factor was the reduction in financial sector job losses from 40,000 last December to 2,300 in August to just 700 last month (Heidrick’s #1 segment). 

One of the analysts in the article made an interesting statement:

“Our view is that a resumption in executive turnover rekindles growth exiting a recession, which is spurred further by global economic growth in the second half of an expansion,”

So the takeaway is that the job hopping of executives (remember how prevalent it was in 2004-2006?) is a GREAT indicator that business is growing and jobs aren’t far behind.

Don’t be too upset if your CEO or CFO announce they are leaving the company.  It may simple be an indicator we are finally pulling out of this recession.