IESF reports increase in cross border executive search assignments

Stephan Löw
Germany Hamburg

Executive Search revenue 2022 worldwide back at pre pandemic level

The International Executive Search Federation announced that their financial report shows an increase in the number of cross border assignments worldwide. Not only the number of active and completed assignments grew. Also, the level of management and director assignments and revenue is back at the high pre pandemic level of 2019. Starting Q4 of 2021, the international executive search market seemed back to pre- pandemic levels, and growth accelerated from there. In only the first half year of 2022 IESF reported 30 international assignments. The pipeline and expectations for the second half of 2022 is promising.

This is in line with IESF’s business achievements in 2018 and 2019. The pandemic in 2020 and 2021 resulted in a decrease of 50% or the international business. Assignments were put on hold or cancelled, because of travel restrictions. Stephan Löw, Treasurer at IESF: “While a large part of the world is in a recovery phase from the global COVID-19 pandemic, disruptions from the pandemic continue to present new challenges for IESF and for our clients. We think out-of-the-box, adapt, and work agile to match our clients’ needs in this time of talent shortage.”

IESF Partners offer retained executive search services globally. Specializes in covering single, multi-country, regional and global assignments simultaneously. Due to increased demand, consultants are taking on more searches and the average fee per search increased. IESF partners share a positive outlook for their firms.

About IESF

International Executive Search Federation is one of the world’s most recognized international executive search groups / associations. Identifying talent and leadership in 50 offices and 22 countries, we are globally known as “The Local Experts” because we understand regional markets and their specific needs when it comes to executive recruitment. We offer a fully customized, local approach to search projects, based on culture, regional economics, and the local candidate marketplace. We never seek to impose a “one-size-fits-all” solution. Our search process is optimized to the local culture.


About the author

Stephan Löw

Germany Hamburg

Stephan Loew has built his network through frequent cooperation with consulting and investment companies. He has been with TOPOS Personalberatung in Hamburg as a Managing Partner since 2007. He advises companies working in mechanical engineering, plant construction, manufacturing, capital goods, construction, maritime and renewable energy.

After serving as an officer and earning a degree in business administration from the German Armed Forces University, he began his professional career at an international banking technology company. Stephan Loew had previously proven his expertise in human resources consulting as a Consultant and Site Manager at a leading German HR management consultancy.

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