WorldatWork
Newsline
Executive Mobility Remains High; Lateral Moves Expected
May 11, 2011 — The BlueSteps 2011 Executive Mobility Report shows that 73% of employed senior executives are actively seeking new job opportunities this year, but the majority expects it to be a lateral move. In marked contrast to the 2009 Executive Mobility Report, where 53% of executives expected to stay at their level for just one to two years before progressing upward, 65% of executives are now saying they plan to stay at their current level for the next three to five years.
The global job market for senior executives, while picking up dramatically since the global recession of 2008, varies greatly by region. Executives in EMEA and Asia Pacific report having more opportunities than they had five years ago while respondents in the Americas said they now have fewer.
Peter Felix, president of the Association of Executive Search Consultants and BlueSteps.com, commented, "Senior executives around the world are eager to make career moves after waiting out the unstable economy of the last few years. That said, trends in the senior executive job market are making it more difficult to move up the ladder quickly, especially in the West where many executives have put off retirement. With the growth of multinationals in the emerging markets, executives in those regions have more opportunity than ever, and can therefore progress their careers faster."
Poor company values remains the top reason cited for the decision to leave a current role, with dissatisfaction with senior management ranking second. This response is consistent with 2009 results, but differs from the 2007 report when lack of career advancement opportunities was the top cause of executive resignations.
Contents © 2011 WorldatWork. No part of this article may be reproduced, excerpted or redistributed in any form without express written permission from WorldatWork.
Access Content Source And Other Great Stuff: http://www.worldatwork.org/waw/adimComment?id=51356&from=ww_editorial_2011
********************************************************
http://dreamlearndobecome.blogspot.com This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.
No comments:
Post a Comment