Introduction 
Our UK and US talent market models provide a forecast of move trends for the rest of the year. We are proud to share our model and actionable takeaways tailored to your industry. It was built using a curated TALNT dataset, created by analysing all publicly announced senior moves from more than 1,50,000  reputable public sources around the globe.
US Talent Market Forecast 
US executive moves returned to the forecast level in Q2 after a bumper Q1 that was at the top end of expectations. This indicates that Q1 performance was anomalous, reflecting stronger than expected annualised GDP growth of 3.4% in Q4 2023. In addition, high levels of M&A

<h3><strong>Introduction </strong></h3>
<p>Our UK and US talent market models provide a forecast of move trends for the rest of the year. We are proud to share our model and actionable takeaways tailored to your industry. It was built using a curated TALNT dataset, created by analysing all publicly announced senior moves from more than <span class="ui-provider a b c d e f g h i j k l m n o p q r s t u v w x y z ab ac ae af ag ah ai aj ak" dir="ltr">1,50,000 </span> reputable public sources around the globe.</p>
<h3><strong>US Talent Market Forecast </strong></h3>
<p>US executive moves returned to the forecast level in Q2 after a bumper Q1 that was at the top end of expectations. This indicates that Q1 performance was anomalous, reflecting stronger than expected annualised GDP growth of 3.4% in Q4 2023. In addition, high levels of M&A activity and abnormally high retirements, as baby-boomer executives leave the workforce, led to an early sugar rush in executive hiring and promotions in 2024. Since growth in Q1 slowed to an annualised 1.3%, the extraordinary momentum in executive hires and promotions has been lost.</p>
<p>Move numbers returned to expected levels in Q2, giving credibility to our forecast for the rest of the year. However, if aforementioned push factors return and growth is high then actual move levels will be on the higher end of expectations. Either way we can say with confidence that executive hiring is heading up later this year. Our model predicts an interest rate cut in Q3 which will unleash growth in many industries, impacting financial services first. Our search industry partners at Sheffield Haworth report that until rates are cut, a hiring freeze remains in place at many firms. Falling US growth in Q1 will make the case for rate cuts in Q3 stronger.</p>
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<h3><strong>US Action Points </strong></h3>
<p>Executive search professionals must be prepared for talent demand to rise significantly in Q4 and need to start building the appropriate relationships now. Use our moves platform to rule out companies in your practice area that have filled positions recently, narrowing your search. Set up real-time alerts for competitor movements and find the right moment to strike. This goes double for consultants and investors, who can use our advanced search to spot new opportunities in expanding or restructuring companies.</p>
<p>Executives must plan with their competitors in mind, and using our platform they can view all competitor moves on one dashboard. HR directors will be reviewing succession strategies now. Keeping abreast of the market is a breeze with our comprehensive moves tracking and one-click candidate summaries generated by Profile AI. The most competitive talent market in history might mean taking another look at your EVP. HR directors are increasingly using data analytics internally to spot skill gaps, so they can engage in serious workforce planning with their eyes open. </p>
<h3><strong>UK Talent Market Analysis </strong></h3>
<p>The UK talent market corresponds closely to the US market for Q1 and Q2 and will remain similar going forward. A key difference is that the UK economy experienced higher than expected 2.8% annualised GDP growth in Q1, rebounding strongly from a technical recession in late 2023 (the opposite trajectory of the US economy). A UK recovery was expected, but the final growth figure was higher than anticipated, leading to a surge in talent moves that exceeded our highest confidence estimates. As we predicted, move levels fell in Q2 and returned to forecast levels. The wet spring-summer likely dampened Q2 GDP growth and interest rate cuts have been delayed until Q3 or Q4. This gives credibility to our Q3 forecast, as the short-term outlook is more stable and predictable. Like in the US, we expect a more bullish talent market in Q4 when rates are cut.</p>
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<h3><strong>UK Action Points </strong></h3>
<p>Executive search professionals in the UK should prioritise sectors expected to benefit the most from rate cuts, such as financial services and technology. Leverage our moves platform to identify and approach companies in these sectors that may soon initiate hiring sprees. Consultants and investors should focus on industries that have shown resilience and growth potential during the rebound, such as renewable energy. Use our advanced search features to pinpoint emerging opportunities in these sectors.</p>
<p>Executives must stay ahead of the curve by monitoring competitor moves, especially in fast-recovering industries. Our platform’s dashboard provides a comprehensive view of competitor activities to inform strategic planning. HR directors in the UK need to reassess their talent pipelines in light of the expected Q4 hiring surge. Utilise data analytics to identify and address skill gaps, and enhance your EVP to attract top talent in a competitive market. Keeping up with market trends is a breeze with our comprehensive moves tracking and one-click candidate summaries generated by Profile AI.</p>

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US & UK Moves Forecast: Prepare for Q3 and Q4

US & UK Moves Forecast: Prepare for Q3 and Q4

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