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CTPartners Reports Audited 2009 Placement Rate of 78%

CTPartners Reports Audited 2009 Placement Rate of 78%
 
CTPartners, the performance-driven global executive search firm serving clients around the world, announced today that its audited search placement rate for the year ending December 31, 2009 was 78 percent. In addition, the average number of days to placement in 2009 was 124, down 8 days from 2008s average of 132. Ninety percent of 2009 search assignments were completed in 98 days, down from 107 in 2008. These statistics, along with CTPartners industry-high stick rate of 90 percent for 2009, are believed to be the best in the executive search industry.
 
Brian Sullivan, Chief Executive Officer of CTPartners, said, Throughout 2009, we remained committed to each client and to every assignment we began. In the second half of 2009, we saw a tremendous uptrend as our clients began top grading and hiring talent to expand their businesses. This trend has continued in the first quarter of 2010. We will continue to set the standard for reporting the data that clients need to select the right partner for their executive search assignments.
A placement occurs when the client has chosen a candidate who is placed in the role, whether from an outside hire or an internal promotion. Days to placement is defined as the average number of days it takes, from the start of a search project, to the date of acceptance by the placed candidate. Stick rate signifies that the placed candidate remains in the position hired for or a greater position 18 months after the placement. The audit was conducted by McGladrey & Pullen, Certified Public Accountants.

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