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Wednesday, November 26, 2008


Survey Finds that 75% of Executives are Looking for New Jobs due to the "Credit Crisis"

According to Claymore Partners, an executive search firm specializing in senior level searches in the financial services and consulting arenas, the impact of the "credit crisis" is being felt strongly by executives. The company recently performed a 2009 Talent Market survey with over 200 financial services and consulting executive responses.

As a result of this market turmoil, over 76% of executives are seeking or are open to new jobs outside of their current organization. About one third of these executives are seeking new opportunities outside of their industry for 2009 as prospects in the financial services arena are dim. Only 24% of executives are focused on staying with their current employer.

"Financial service firms need to work hard on retaining their top talent and use this time period opportunistically to add top executives that are now more open to new, more stable situations," according to Mr. Landberg, Managing Director of Claymore Partners.

Over one third of financial services executives fear that the "credit crisis" could result in losing their own job in 2009. Another thirty percent indicated that the "credit crisis" will result in significant downsizing in their own organization next year as the impact of the "credit crisis" is anticipated to last until mid year or year end 2009.

Interestingly, most executives did not think that Mr. Obama's recent Presidential election will have a significant positive or negative impact on their employment outlook for 2009.


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