The Demand for Executive Skills

Hansen, Stephen; Sadun, Raffaella; Ramdas, Tejas; Fuller, Joseph B.

doi:10.2139/ssrn.3872391

Cited by 4 publications

(4 citation statements)

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“…This study uses Lightcast (LC) data, a private sector data provider, whose data is being increasingly used to inform policy analysis (Cameraat and Squicciarini, 2021 [60]; Grabner and Tsvetkova, 2022 [66]; Squicciarini and Nachtigall, 2021 [67]; Samek, Squicciarini and Cameraat, 2021 [20]; Borgonovi et al, 2023 [68]).…”

Section: Box 3 Reviewing the Use Of Online Job Advertisements From Li...mentioning

confidence: 99%

What is the role of data in jobs in the United Kingdom, Canada, and the United States?

2023

OECD Statistics Working Papers

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The OECD Statistics Working Paper Seriesmanaged by the OECD Statistics and Data Directorateis designed to make available in a timely fashion and to a wider readership selected studies prepared by OECD staff or by outside consultants working on OECD projects. The papers included are of a technical, methodological or statistical policy nature and relate to statistical work relevant to the Organisation. The Working Papers are generally available only in their original language -English or Frenchwith a summary in the other.OECD Working Papers should not be reported as representing the official views of the OECD or of its member countries. The opinions expressed and arguments employed are those of the authors.Working Papers describe preliminary results or research in progress by the authors and are published to stimulate discussion on a broad range of issues on which the OECD works. Comments on Working Papers are welcomed and may be sent to the Statistics and Data Directorate, OECD, 2 rue André Pascal,

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Section: Box 3 Reviewing the Use Of Online Job Advertisements From Li...mentioning

confidence: 99%

What is the role of data in jobs in the United Kingdom, Canada, and the United States?

2023

OECD Statistics Working Papers

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“…Several other recent papers show evidence of the economic value of social skills. For example, Hansen et al (2021) use data on job descriptions for top executives to "show an increasing relevance of social skills in top managerial occupations." Hoffman and Tadelis (2021) look at employee surveys within a single large firm to show that managers with better "people management skills" reduce attrition among those working for them and are compensated better by the firm.…”

Section: Interpersonal Skills and The Science Of Teamwork Interperson...mentioning

confidence: 99%

Four Facts about Human Capital

Deming

2022

Journal of Economic Perspectives

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This paper synthesizes what economists have learned about human capital since Becker (1962) into four stylized facts. First, human capital explains at least one-third of the variation in labor earnings within countries and at least half of the variation across countries. Second, human capital investments have high economic returns throughout childhood and young adulthood. Third, we know how to build foundational skills such as literacy and numeracy, and resources are often the main constraint. Fourth, higher-order skills such as problem-solving and teamwork are increasingly valuable, and the technology for producing these skills is not well understood. We know that investment in education works and that skills matter for earnings, but we do not always know why.

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“…1 1 A notable exception is the research on executive search. Recent research on the market for executives has looked at topics ranging from how firms search for executives with particular skills (Hansen et al, 2021) to how gender bias emerges in executive hiring pipelines (Fernandez-Mateo & Fernandez, 2016). However, given that the CEO market is a fraction of the total labor market, it remains unknown whether firm-driven search is merely an artifact of markets for executives or an increasingly prevalent hiring mode.…”

Section: Introductionmentioning

confidence: 99%

Hunting for talent: Firm‐driven labor market search in the United States

Black,

Hasan,

Koning

2023

Strategic Management Journal

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Research SummaryWe analyze firm‐driven labor market search, where firms “hunt” for talent rather than rely on workers to apply for vacancies. We leverage three approaches. We develop a model of firm‐driven search and derive equilibrium conditions under which firms use this channel. We test our model's predictions using two data sources. Data from a nationally representative survey of 10,000 workers shows that the percentage hired through recruiting has increased from 4.9% in 1991 to 14.3% in 2022. This share is larger for higher‐skilled workers and those with online profiles on LinkedIn. We complement this analysis with data on the near universe of online job postings from 2010 through 2020. Consistent with our model and worker survey evidence, we find firms that demand higher‐skilled workers or operate in labor markets with heavy LinkedIn use are more likely to “hunt for talent.”Managerial SummaryWe study the phenomenon of “hunting” for talent, where firms fill open positions by searching for workers and inviting them to a recruiting process, rather than relying on workers to apply directly. We find that the percentage of workers hired through hunting has increased from 4.9% in 1991 to 14.3% in 2022. We propose that firms that rely more on high‐skilled workers and/or operate within industries with a higher share of available candidates with online profiles are more likely to hunt for their talent. We find support for this conjecture using two data sets, documenting the worker and firm side of the labor market. Data from a nationally representative survey of 10,000 workers shows they are more likely to have been “hunted” by their employer if they work in an occupation that requires more skills, or if their industry has more candidates with online profiles. Moreover, data on US‐wide job postings over the past decade shows that firms in need of highly skilled workers are more likely to invest in outbound recruiting capabilities.

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The Demand for Executive Skills

Cited by 4 publications

References 0 publications

What is the role of data in jobs in the United Kingdom, Canada, and the United States?

What is the role of data in jobs in the United Kingdom, Canada, and the United States?

Four Facts about Human Capital

Hunting for talent: Firm‐driven labor market search in the United States

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