Survey: Social Networks Attract Affluent Individuals

Thanks to Robyn Greenspan of ExecuNet for passing along the findings of this survey.

According to the latest Wealth Survey from the Luxury Institute, more than 60 percent of wealthy Americans (those with an average income of $287K and net worth of $2.1M) participate in online social networks -- compared with just 27 percent a year ago.

These affluent individuals are most likely members of 2.8 social networks (with roughly 110 connections). Those with even higher incomes belong to more social networks (3.4 on average).

Here are some of the most prominent social networking sites:

ExecuNet is a closed network which allows members to have a direct connection with thousands of senior-level business leaders.

LinkedIn: One of the most popular social networks for professionals.

Facebook: Originally for students, this network has grown to encompass more professional members -- but is still more often used by the Generation X and Y sets than the Baby Boomers.

I just found out about a new social networking service -- Ning -- that I'm experimenting with. I'll let you know what I think about it once I've had a chance to play around with it.

Talent Shortage Helps Shield Executives from Unemployment

According to the March 2008 ExecuNet Recruiter Confidence Index (RCI) survey of 118 executive recruiters, 52 percent are "confident" or "very confident" the executive employment market will improve during the next six months -- up slightly from 51 percent in February. Seventy-two percent of survey respondents expect at least a 10 percent increase in search assignments during this period of time.

"Economic uncertainty has not put executive job growth on hold," says Mark Anderson, president of ExecuNet. "While demand for executive talent may be increasing at a slower pace than it was just one year ago, recruiting and retaining effective leaders remains a challenge for most companies."

Introduced in May 2003, the Recruiter Confidence Index is based on a monthly survey of executive recruiters conducted by ExecuNet.

Executive Resume Toolkit

I haven't bought it (yet), but I have to tell you without even seeing it, this is a toolkit that almost every resume writer will want to own. I own pretty much all of Wendy and Louise's other books (too many to list!) and they have been invaluable in helping me stretch my creative skills... especially when facing challenging clients.

So I'm excited to learn more about the Executive Resume Toolkit -- which, although designed for clients, it sounds like from the description below -- is sure to teach "old" resume writers like me some new tricks.

• Resume Writing Guide: 50-page guidebook (with optional exercises) to help you strategize, write, and design your own winning, executive-level resume
• Resume Sample Gallery: 123-page book, including a selection of 50 best-in-class executive resumes that you can use as the foundation for writing/designing your own best-in-class resume
• Worksheets: All of the worksheets discussed and used in the book are also provided in a separate Word document so that you can easily use them to pull together your essential information and construct your resume
• Resource Guide: Short guidebook with "live" links to online resources designed specifically for executive candidates
• Executive Tip Sheets: Two tip pages to keep close at hand while writing your resume - one detailing the top Executive Resume Strategies and the other detailing the top tips for writing Powerful Experience Sections
• Audio Broadcasts: Two 20-minute audio recordings with expert career management advice - one titled "Top 10 Resume Writing Strategies for Executive Success" and the other titled "My Resume's Not Working ... What Do I Do Now?"

The Toolkit is a downloadable product, meaning once your order is processed, you'll receive an e-mail with the link and your password and will be able to access it immediately.

Already bought it? Comment on this thread and let me know what you think of it!

CIO Survey Reveals Effective Retention Methods for IT Staff

Money talks, but it's not the only employee loyalty tool being used in the information technology industry, according to a recent survey by Robert Half Technology. When Chief Information Officers (CIOs) were asked to identify the most effective ways to retain IT staff, compensation topped the list at 27%, but providing opportunities for professional development was close behind, with 21% of respondents citing this method for employee retention.

Another 18% said flexible schedules helped improve retention rates, followed by telecommuting (7%), extra vacation days or time off (6%), and granting company stock or options (2%0.

"Attractive pay is always a key selling point for IT professionals, but it's only one element of an effective retention program," says Katherine Spencer Lee, executive director of Robert Half Technology. "Creating an attractive corporate culture, which includes everything from training to work/life balance programs, is crucial for keeping valued employees, especially when the hiring environment for highly skilled professionals is competitive."