Clockwork Recruiting Blog

Artificial Intelligence (AI), Generative AI (ChatGPT) and Automation over the past year have evolved at a rapid pace. To gain a deeper understanding and the future evolution of AI’s role in the executive search process, Clockwork surveyed 179 executive search firms across the globe over a 6 week period at the end of 2023. The survey was structured based upon the 8 Stages of the executive search.

Artificial Intelligence (AI), Generative AI (ChatGPT) and Automation over the past year have evolved at a rapid pace. To gain a deeper understanding and the future evolution of AI’s role in the executive search process, Clockwork surveyed 179 executive search firms across the globe over a 6 week period at the end of 2023. The purpose of the survey was to identify key areas of opportunity for AI to support the search process, and gather insights around market demand for future growth for AI. This is an excerpt below on A.I.'s impact on marketing and business development for executive search firms.

Artificial Intelligence (AI), Generative AI (ChatGPT) and Automation over the past year have evolved at a rapid pace. To gain a deeper understanding and the future evolution of AI’s role in the executive search process, Clockwork surveyed 179 executive search firms across the globe over a 6 week period at the end of 2023. The purpose of the survey was to identify key areas of opportunity for AI to support the search process, and gather insights around market demand for future growth for AI. This is an excerpt below on A.I.'s impact on pitching and winning new searches within the executive search process.

In today's uncertain economy, the truth is that search firms need to diversify their revenue streams and get more creative and flexible with the services they offer to meet market demands. In some sectors like tech, life sciences, and retail, searches and referrals have slowed down or been placed on hold, while other sectors are booming and thriving. So when your sector or industry is impacted by the economy or other factors - what can you offer as a search firm to maintain a steady revenue stream?

It’s an interesting time for executive search. Typically, Q1 is one of the busiest times of the year for search firms. Companies have already planned out their human capital strategy for the year ahead and for candidates a new year symbolizes change - but this year is a little different. 

Job placements are reported to be at an all-time high and Executive Search Firms and Recruiters have been very busy this year. When times are busy, we know it’s hard to imagine working towards acquiring new business given how few hours you have left in a day.