An evidence-based guide for boards, CEOs, CHROs and search partners As companies close their books and set strategy for 2026, Q4 2025 will be a season of selective, high-impact executive hiring rather than broad headcount expansion. That shift is driven by economic caution, the rising role of AI in talent processes, tighter pay discipline, and a renewed focus on skills and internal mobility. Below I synthesize recent data and practitioner commentary and offer practical action