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. www.iesf.com
