Leadership hiring will end up at least 4% higher in Q1 than Q4 2024, a modest bump that feels like a win considering market uncertainties. That QoQ lift, though, is less than we’ve seen to start the past few years, where Q1 hiring activity usually sees a 10% bump over Q4 activities. In the previous few Q1s, however, stock market performance has been up QoQ, as well, so the macro environments are very much different now. That, too, may explain why even with a 4% QoQ gain, leadership hiring is down 11% YoY in Q1.