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Burned-Out Executives Likely to Leave When Economy Recovers, Search Firms Reveal
ExecuNet Finds More than Half of Executive Recruiters Believe
Current Executive Workloads Unsustainable. Consequences Companies are
Likely to Face from Stretching Top-Level Talent include: Turnover,
Poor Morale, Lost Productivity, Disengagement, Recruitment Challenges
www.execunet.com — June 7, 2012 — ExecuNet, the leading executive
network solely for senior-level executives, conducted a survey of 153
executive recruiters and the results were shocking. The survey found
that 57 percent of executive recruiters’ rate executive workloads very
high and an additional 25 percent say they’re the highest they’ve ever
seen. The survey also found that 53 percent believe executives’
current workloads are unsustainable and that employers will feel
significant repercussions because they’ve stretched management leaders
too thin for too long.
"What's clear and convincing from our research is that employers have
been under somewhat unprecedented pressures over the past four years,
and it may be their executives who are feeling that most acutely,"
said Mark M. Anderson, president and chief economist of ExecuNet. "For
this reason, companies should look for ways to retain executives and
keep them engaged in the short-term while also determining how they
can help bring relief to executives who've been shouldering too much
for too long."
Consequences Employers Will Face if They Stretch Executives Too
Thin
Unexpected executive departures when the white-collar job market
improves
Morale problems
Loss of productivity among "burned out" executives
Key performers will disengage or get mired in operations
"For the past four years, we've seen companies push productivity gains
and cost controls to near their limits, and this has exacted a real
toll on senior business executives who’ve collectively felt the stress
of financial crises, who've been forced to make tough decisions and
whose time has been almost completely consumed," said Anderson.
"When the economy improves and finds its way toward sustainable
management hiring, we expect many executives will be eager to seek out
new career options, including those that would provide more balance
between their work and personal lives," Anderson added.
The results of ExecuNet's recently released 20th annual Executive Job
Market Intelligence Report revealed that 55 percent of executive
recruiters report that companies are increasing salaries, bonuses and
counteroffers to retain executive talent, and 80 percent of CEOs said
their organization will work harder to retain its best talent in 2012
– up from 68 percent in 2011.
About ExecuNet
Since 1988, ExecuNet has helped business leaders shape positive change
to achieve what's next in their individual lives. From its beginnings
as a small gathering of executives in Connecticut, ExecuNet has
evolved into a private network of over 250,000 senior-level executive
members with a belief in the transformative potential of trusted
insight, real connections and personal introductions to help them find
meaningful new work, advance in their careers, better manage the
growth of their businesses, and become high-value leaders. A
recognized authority in executive employment, retention and
recruitment, as well as human capital trends, ExecuNet keeps its
members informed about what’s important to them in business and their
careers.
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