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| Senior Executives Are Not Happy In Their Jobs |
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| Written by Surranna Sandy, CPRW, CEIP, President |
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More than two-fifths of senior executives currently report job dissatisfaction, finds the Association of Executive Search Consultants (AESC) latest BlueSteps Executive Satisfaction survey of 196 such executives worldwide during a 30-day period beginning in late January and ending in late February. Fifty-five percent of them have seen a reduction in their organizations revenue, including 20 percent of those surveyed who saw dramatic cuts in their staff. Tellingly, 18 percent report that their level of dissatisfaction stems from the way their company handled the layoffs that resulted from the recession, according to a press statement from the AESC. Interestingly, 70 percent report that they are presently seeking employment elsewhere because of these conditions, a finding from the AESC’s research that appears to support data on CEO turnover gathered by Challenger, Gray & Christmas during a similar time period and reported by RecruitingTrends. Whilst we all understand the dramatic effects of the financial crisis on the senior executive job market, said BlueSteps Director Della Giles, in the same AESC press statement, “it is particularly shocking to see how executive job satisfaction has been shaken over the past 18 months. As the job market improves and new career opportunities emerge, we will certainly see an increase in executive mobility as these leaders move into more desirable positions.” |
