ExecuNet's Sixteenth Annual Executive Job Market Intelligence Report Shows No Signs Of A Slowdown
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2008 Executive Job Market Intelligence Highlights:
Employment Market Outlook
- Search firms are forecasting a 17 percent increase in executive search assignments in 2008.
- The industries expected to generate the highest number of executive-level jobs include High-tech, Healthcare, Business Services, Pharmaceuticals/Biotech, and Financial Services/Banking.
Compensation Trends
- Amid increased competition for talent, more companies are turning to compensation incentives, including stock options, which are included in 47 percent of all new executive pay packages — up from 36 percent one year ago.
- Looking to capitalize on the war for talent, employed executives are expecting a 17.5 percent increase in compensation when they land their next job.
Job Satisfaction
- Nearly one in two executives (48 percent) is dissatisfied with their current job, and of those who are currently unhappy at work, 52 percent are preparing to leave within the year.
- Limited advancement opportunities and lack of personal growth are the most common reasons why executives are not satisfied with their jobs.
Age Discrimination
- Just 21 percent of 41 to 50-year old executives feel they have been subjected to age bias in a job search, compared to 63 percent of 51-60 year olds, and an overwhelming 89 percent of those over age 60.
- Search firms believe age isn't a significant factor for candidates in a job search until they reach 55.
Download your free executive summary now. For the complete report that looks at the fastest growing executive occupations, most sought after skills, what executives are looking for in their next offer, the most effective job search and retention strategies, and where search firms and corporate recruiters find candidates, please join RecruitSmart today.
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"Thank you for providing the best service of its kind in the industry. My own experience with ExecuNet has always been positive, as has been the feedback I've gotten from the many people I've referred to you over the years."
- Steve Brieger, Principal, Thorne, Brieger Associates
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Positions filled by ExecuNet members:
President, Software, $200K + range
CFO, Consulting, $200K - $300K
VP Marketing, Telecommunications, $100K
Dir. of Telecomm / Network Services, IT, $90K (+20-30%)
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