The E.L Index of Executive Demand
The E.L Index provides clients of E.L Consult with
a comprehensive analysis of employment trends at executive
The E.L Index has shown by two independent University
studies to correlate strongly with general economic and business
trends. It is featured by most of the major news services
and is closely followed by government and central bank analysts.
The E.L Index is actually a combined Index of all executive
demand made up of five separate indices; E.L Finance Index,
E.L IT Index, E.L Management Index, E.L Marketing Index and
the E.L Engineering Index.
The National and specific career group Indexes are shown as
relative indexes recording the monthly demand activity for
executive positions in the current month against the demand
in a historical base period which is normalised to 100. By
averaging to a historical base period the comparison of, say,
June 1994 to June 2000 is meaningful, giving a clean, easily
understood appreciation of changing investment and economic
trends without seasonal obscurity.
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The Internet data is a separate series and has not as yet
been combined into the national indexes. As can be seen in
the graphical presentation executive Internet figures are
still highly volatile and do not have any meaningful correlation
to broader economic statistics either as a lead or following
E.L Consult is closely monitoring these numbers with the view
to eventually combining them in the national figures or using
them as a separate predictive tool depending how the future
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Why Executive Demand?
It is often claimed that unemployment figures and broad-based
job vacancy surveys do not give a fair impression of what
is occurring in executive ranks. The E.L Index addresses this
and has some interesting correlative and predictive qualities.
management usually precedes the employment of skilled
and unskilled workers.
||Employment of engineering
executives precedes major capital investment.
||The division between various
management sectors gives an indication of which sectors
of the economy are experiencing growth or decline.
||Compares month by month changes
in the public and private sector as well as monitoring
government expenditure patterns.
||Makes regional comparisons
after allowing for population differences.
It shows a ‘rate of change’ and can therefore be
realistically compared to general economic and employment growth
unlike some surveys that report absolute numbers.
Core data is collected on an actual expenditure of business
and government, not on a respondent’s opinion or confidence
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