2023 :: Executive Search on the rise. Latin America key player for US companies

The executive search industry is constantly evolving and changing with the times. Here are some trends to watch out for in 2023 and beyond:

1. Increased Focus on Diversity and Inclusion: Companies are increasingly aware of the benefits of having a diverse and inclusive workforce. As a result, executive search firms are placing greater emphasis on finding candidates from diverse backgrounds.
2. Use of Artificial Intelligence: The use of artificial intelligence (AI) in the executive search industry is on the rise. AI can help to streamline the candidate selection process and make it more efficient.
3. Remote Work: The COVID-19 pandemic has accelerated the trend towards remote work, and this trend is likely to continue in 2023. As a result, executive search firms are increasingly looking for candidates who are comfortable working remotely.
4. Increased Competition: The executive search industry is becoming increasingly competitive, with more firms entering the market. This is putting pressure on established firms to differentiate themselves and provide more value to clients.
5. Greater Emphasis on Soft Skills: While technical skills are still important, there is a growing emphasis on soft skills such as communication, leadership, and emotional intelligence. Executive search firms are looking for candidates who possess these skills in addition to their technical abilities.

Some statistics related to these trends include:

1. According to a survey by the Association of Executive Search and Leadership Consultants (AESC), 90% of executive search firms have increased their focus on diversity and inclusion over the past year.
2. A study by Deloitte found that 72% of HR leaders are using AI in some form in their recruiting process.
3. A survey by Upwork found that 41.8% of hiring managers expect to have more remote workers in 2023 than they did in 2021.
4. The executive search market is expected to grow at a CAGR of 6.7% from 2021 to 2028, according to a report by Grand View Research.

Overall, the executive search industry is poised for growth and change in 2023 and beyond. The firms that are able to adapt to these trends and provide value to clients will be the ones that succeed in the long run.