Despite Recession New Report Shows 75% of Senior Executives Open to Career Change

Share Article

The 2009 Executive Mobility Survey, done recently by BlueSteps.com, shows that the majority of employed executives are still open to new opportunities, despite uncertain economic conditions. Poor company values cited as most important factor in decision to leave existing employer, a change from 2007 when lack of career development was most important.

Findings from the 2009 BlueSteps Executive Mobility Survey show that, despite the recession, 75% of currently employed executives are likely or very likely to consider a new job opportunity. The most important factor in an executive’s decision to leave their current employer is poor company values, with 74% of respondents rating this as extremely important, up from 64% in the 2007 Executive Mobility Survey. Poor company values has replaced lack of career development as executives’ most pressing concern when deciding to leave a company; 63% of executives voted lack of career development as extremely important in 2009, down from 74% in the 2007 survey.

Della Giles, Director of BlueSteps.com commented, “This openness toward new opportunities during a very difficult and unstable economic climate indicates that executives realize the importance of taking career management into their own hands, and that mobility plays a large part in that. While executives are still concerned with traditional things like professional development and responsibilities, they are also now more concerned than ever with the company culture and values.”

The executives surveyed for the report maintain traditional ideas of executive mobility, with 57% expecting to work for 4-7 organizations by the end of their career and 48% saying that 2 years is the shortest tenure an executive can have at an organization without compromising the value of one’s resume.

Comparing the results of the 2009 Executive Mobility survey to the 2007 survey shows an increased awareness of the negative appearance of having too many jobs in one’s career. 82% reported that working for 3 organizations in a 10 year period is the maximum to remain credible, up from 68% in 2007.

Survey results also showed an increase in competition for executive level roles, as 56% of respondents reported feeling more competition for senior level positions now than 5 years ago.

The BlueSteps Executive Mobility Survey was completed between 15 May and 29 May 2009. The survey received 1,518 of respondents, 60% from the Americas, 26% from Europe and Africa, and 10% from Asia Pacific and the Middle East. A full copy of the report is available to all BlueSteps members, members of the AESC, and the press.

About BlueSteps.com:
BlueSteps.com is an online global database of senior executives. As an exclusive service of the Association of Executive Search Consultants (AESC), BlueSteps enables executives to be accessible to over 6,000 AESC member retained executive search professionals who use the database as a resource in their candidate and source identification process. BlueSteps members stay informed of executive job market trends and news via the BlueSteps Career Channel, and use a variety of tools and resources to facilitate the successful management of their executive career path. For more information, please visit http://www.BlueSteps.com.

About The Association of Executive Search Consultants:
The Association of Executive Search Consultants is the worldwide professional association for the retained executive search industry. The AESC's mission is to promote the highest professional standards in retained executive search consulting, broaden public understanding of the search process, and serve as an advocate for the interests of its member firms. For more information, or to view the AESC Code of Ethics and Professional Practice Guidelines, go to http://www.aesc.org. The AESC offers BlueSteps, a career management service for senior executives, and CorporateConnect, a service for the HR community offering industry information and access to the AESC membership.

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