Have the terrorist attacks on September 11 affected executive hiring?
We’re beginning to see some impact on the process. Whether companies had planned to do more recruiting or not, they’re now looking at candidates being perhaps more reluctant to move to New York. Candidates are also a little more reluctant to take on jobs that require a lot of travel, until they see how things settle down. At least one of my clients says that because top candidates are suddenly more reluctant to move, more cash incentive is necessary. We had already seen, of course, a trend away from stock options and toward cash over the past year as the market went down. But this is on top of that — some higher sign-on bonuses in order to get people to make a change right now. I think that probably most of the impact is short-term. Eventually, maybe in a couple of months, people will be traveling more comfortably and more regularly. But there could also be a bit of a long-term impact on how people think about their careers, where they want to live, where their priorities are. Q: If c
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