Industry Updates Archives

Industry Update: Information Technology

October 1, 2023
Chairman's Blog, Industry Updates

Introduction Before we look at this industry in detail let us first rise to the 30,000-foot altitude and look at the landscape for a moment. Many sources offer such perspectives but one interesting source took the abstraction to an unusual level. They focused mainly on emotional motivation. Paraphrasing...

INDUSTRY UPDATE: A World of Executive Opportunity

September 10, 2023
Chairman's Blog, Industry Updates

The Barrett Group principally covers the three regional markets noted below with some exceptions. But there is truly a world of executive opportunity out there if you know where to look. More than 450,000 executive positions were filled in the past year in these markets. To be sure, the rates of growth...

INDUSTRY UPDATE: Leisure, Travel, Hospitality & Restaurants

August 26, 2023
Chairman's Blog, Industry Updates

Introduction: We bundle Leisure, Tourism, Travel, Hospitality, and Food into one macro-category. There is significant overlap and transfer of executives between these related activities. Clearly, these industries suffered during the Covid-19 lockdowns. These industries have taken some time to recover,...

INDUSTRY UPDATE: Marketing & Advertising

July 30, 2023
Chairman's Blog, Industry Updates

Introduction Advertising and marketing used to be so simple. Broadcast, print, point of sale… the options were limited and there were relatively few outlets. It seemed at least as if access to any given audience was highly controlled by a small cadre of media outlets. However, the proliferation of...

INDUSTRY UPDATE: The Market for Executives

July 16, 2023
Chairman's Blog, Industry Updates

Introduction: The Market for Executives At the Barrett Group we have seen 32 clients receive offers or land senior executive positions in the last four weeks—all of them at compensation levels much higher than those quoted below by Indeed (an on-line jobs market). So we believe that the market for...

INDUSTRY UPDATE: Financial Services

July 2, 2023
Chairman's Blog, Industry Updates

Introduction Frankly, it may be impossible to separate several related industries fairly. This is why we bundle Financial Services, Banking, Insurance, Accounting, Wealth Management, Investment Banking and Capital Markets under the general umbrella of Financial Services. As one source puts it: “Over...

INDUSTRY UPDATE: Manufacturing

May 28, 2023
Chairman's Blog, Industry Updates

Introduction to Industry Update: Manufacturing At its peak in 1979, manufacturing accounted for 22% of non-farm employment in the US. It now totals about 9%, equating to approximately 11% of GDP. [See source.] Recovery from the pandemic and the resultant surge in consumption helped bring renewed life...

INDUSTRY UPDATE: Human Resources

May 14, 2023
Chairman's Blog, Industry Updates

Introduction – Human Resources In researching this Industry Update, we encountered numerous assertions that now is the time for Human Resource executives and professionals to really shine. One source put it like this: “I’ve worked in the HR industry now for a quarter of a century, and by my...

INDUSTRY UPDATE: Construction & Real Estate

April 30, 2023
Chairman's Blog, Industry Updates

In the context of this Industry Update, we recognize a continuous interaction between the real estate and construction markets. We will report on important aspects of each, as well as regional distinctions across our target geography. But overall we regard the construction and real estate executive...

INDUSTRY UPDATE: Female Executives

March 12, 2023
Chairman's Blog, Industry Updates

Women appear to be making progress in increasing their share of the C-suite. Specifically, the evidence suggests that 26% of CEOs and Managing Directors in 2021 were women as opposed to 15% in 2019. [See source.] Barrett Group research supports this notion, showing an improvement from 24% to 25% in...