ExecutiveTalent.net Survey: Older Executives Make Less Money and Spend More Time Seeking New Opportunities

Share Article

Poll of hundreds of executives reveals sharp distinction between those in their 40s and 50s.

ExecutiveTalent.net, an online career resource for senior executives, reports that senior executives in their 50s make less money and spend more time looking for jobs than counterparts in their 40s. In a recent poll of 571 USA-based senior executives across all industries, it was learned that senior executives in their 50s earn an average of $144,997, compared to $171,184 for their counterparts in their 40s.

In addition to lower salaries, senior executives in their 50s also averaged over eight months (240 days) of active searching before finding a new job, compared to about four months (125 days) of active searching for their counterparts in their 40s.

“As the entire workforce ages, senior executives will continually need to adapt and make themselves more relevant and attractive to current and potential employers,” says Chris Miller, CEO of ExecutiveTalent.net. “As larger organizations are continually pressured to stimulate growth while streamlining expenses, we are seeing a trend to replace older executives with younger ones able to do the same job for a little less.”

The poll showed that executives in their 30s not only earned slightly less than their counterparts in their 50s but they spent about one-third the time (80 days) actively looking for new opportunities. Miller’s advice to older executives in the job market is to aim at smaller businesses who place a greater value on experience and maturity.

“Joining a larger organization is going to be difficult,” he notes. “You should market your experiences and the solutions you can provide to smaller companies.”    

ExecutiveTalent.Net is a comprehensive career management and transition company focusing on executive-level talent. Our goal is to assist executives through every aspect of their careers, whether that is providing them access to a proprietary database of executive-level jobs or connecting them to the tools, resources and advice to better manage their careers. For more information contact: Chris Miller phone 678-867-0585 chris@executivetalent.net http://www.ExecutiveTalent.net    

This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.

# # #

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Christ Miller