Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise
  • OHW+

Personnel Today

Register
Log in
Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise
  • OHW+

Executive recruitmentRecruitment & retention

Board-level appointments rise

by Nick Martindale 8 Jul 2011
by Nick Martindale 8 Jul 2011

The number of board-level appointments with packages in excess of £200,000 made by employers using retained headhunters rose by 4.5% over the past 12 months, according to new research.

The study, conducted by Executive Grapevine, also found that the amount of money employers paid for filling such positions increased by 21.7%, as companies looked to fill top positions ahead of an economic recovery.

Companies in the healthcare, financial services, consumer and media sectors faced the biggest increases, while those in the industrial, telecoms and technology, and professional services sectors also contributed to the increased spend at this level.

However, the cost of hiring in the £100,000 to £200,000 bracket fell by 2%, despite a 5% growth in the number of assignments, the research found.

At this level, fees only rose in the industrial market (up by 13.7%), healthcare (8.2%) and consumer sectors (6.7%), with financial and professional services down by 2% and 7.7% respectively.

“The strong growth rates at board and leadership level contrast starkly with low or negative growth below £200,000 in all other sectors except industrial,” the report said.

“This suggests that the salary level of assignments at which executive search is most valuable to clients is moving to a new, higher base level.”

Fees derived by retained headhunters for public sector and government placements worth between £100,000 and £200,000 fell sharply, by 52.5%, while those worth more than £200,000 decreased by 18.1%.

“This suggests that all but the most strategically significant hires have either stopped or been migrated to a different recruitment solution,” the report concluded.

Overall, the number of executive search assignments rose by 5.3% over the last 12 months and the net fee income for retained headhunters grew by an average of 17.7%, or 15% on a like-for-like basis. This took the sector into positive territory for the first time since 2008.

Another survey by recruiter Robert Half International revealed that just 11% of senior executives in the UK intend to add permanent, professional-level staff in the second half of this year, while only 29% say they are more confident about the economy now than they were six months ago.

Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

OptOut
This field is for validation purposes and should be left unchanged.

Losing top talent is executives’ greatest concern, cited by 59% of those surveyed, with 21% of those in the private sector planning to offer pay rises to retain staff.

Recruitment resources, such as model letters and policies, are available on XpertHR.

Nick Martindale

previous post
Government rules out right to request training in SMEs
next post
Businesses warned to provide guidance on social media

You may also like

How neuroscience can unlock employee recognition

22 May 2025

Workers ‘wait and see’ as companies struggle to...

16 May 2025

So what does the election of a new...

9 May 2025

Rumours during recruitment: how should HR respond?

9 May 2025

Teacher apprenticeship route to be tied to school...

9 May 2025

British Steel to resume recruitment

8 May 2025

M&S pauses hiring as it deals with cyber...

2 May 2025

Top 10 HR questions April 2025: increases to...

2 May 2025

Leading with honest feedback: A responsibility in recruitment

24 Apr 2025

Succession planning now ‘more of a priority than...

24 Apr 2025

  • 2025 Employee Communications Report PROMOTED | HR and leadership...Read more
  • The Majority of Employees Have Their Eyes on Their Next Move PROMOTED | A staggering 65%...Read more
  • Prioritising performance management: Strategies for success (webinar) WEBINAR | In today’s fast-paced...Read more
  • Self-Leadership: The Key to Successful Organisations PROMOTED | Eletive is helping businesses...Read more
  • Retaining Female Talent: Four Ways to Reduce Workplace Drop Out PROMOTED | International Women’s Day...Read more

Personnel Today Jobs
 

Search Jobs

PERSONNEL TODAY

About us
Contact us
Browse all HR topics
Email newsletters
Content feeds
Cookies policy
Privacy policy
Terms and conditions

JOBS

Personnel Today Jobs
Post a job
Why advertise with us?

EVENTS & PRODUCTS

The Personnel Today Awards
The RAD Awards
Employee Benefits
Forum for Expatriate Management
OHW+
Whatmedia

ADVERTISING & PR

Advertising opportunities
Features list 2025

  • Facebook
  • Twitter
  • Instagram
  • Linkedin


© 2011 - 2025 DVV Media International Ltd

Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise
  • OHW+