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ExecuNet's Sixteenth Annual Executive Job Market Intelligence Report Shows No Signs Of A Slowdown
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Despite heightened concern surrounding the economy, a talent crunch in the executive employment market is poised to challenge companies in the year ahead, particularly in the High-Tech, Healthcare and Business Services industries, according to ExecuNet's 2008 Executive Job Market Intelligence Report.
Published annually for the past sixteen years, the Executive Job Market Intelligence Report features complete analysis of key trends and developments in the executive employment market and executive search industry. This year's report, based on simultaneous national surveys of 3,624 executives from North America and 718 search firms, corporate recruiters, and talent acquisition leaders reveals that a tight employment market is generating more opportunities, bigger paychecks, and some unique challenges for the market's most active participants.
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2008 Executive Job Market Intelligence Highlights:
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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/Medical/Biotech, and Energy/Utilities.
Compensation Trends
- A full one-third of executives accepted offers that included employment contracts in 2007, compared to just over one-quarter in 2006.
- Looking to capitalize on the war for talent, employed executives are expecting a 19–percent increase in compensation when they land their next job.
Job Satisfaction
- Four of ten executives (40 percent) are dissatisfied with their current job.
- Limited advancement opportunities and lack of personal growth are the most common reasons why executives are not satisfied with their jobs. Compensation moved up the list to third this year from fifth last year.
Age Discrimination
- 44 percent of executives expect their age will negatively impact their ability to land a new position.
- Search firms believe age isn't a significant factor for candidates in a job search until they reach 54, down from 55 last year.
For more information on these trends and others — — including 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 — access a free executive summary. Or for the full report, join today.
access a free executive summary.
Or for the full report, join today.
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"We have received several excellent candidates from ExecuNet for this position [VP Information Technologies]."
- Barb Bernstein, Sr. Consultant, FM Industries
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Positions filled by ExecuNet members:
Controller, Professional Services, $125K - $145K (+15%)
Dir. National Sales, Recreational Products, $90K - $120K (+20-40%)
Dir. Engineering, Durable Consumer Goods, $120K - $150K (+20%)
Dir. Maintenance, Retail Distribution, $100K - $120K (+50%)
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