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Executive Employment Trends Report Q3 2016

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Page 1: Executive Employment Trends Report Q3 2016
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BPI group has established this Executive Employment Trends Report to offer visibility into the current

executive job market. We are committed to quality and results in our outplacement programs, and believethat keeping a careful eye on trends in the market is an important way to ensure that we are meeting the

needs of our career transition clients. The findings of this report are based on a survey of our executive

clients who began their job search from Q1 2015 through Q2 2016.

The Executive Employment Trends Report includes analysis of the following executive employment trends:

– Average length of the executive job search– How the length of the job search is impacted by various factors, including:

• Base Salary Level

• Education Level• Age

We look forward to continuing to share the latest trends in executive employment. If you would like to learn

more about our approach to executive outplacement services, please call +1.800.323.0206.

Executive Employment Trends Report Q3 2016

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Q3 Reflections on Executive Employment Trends

We pride ourselves on how quickly our executive clients find new positions. It is always rewarding to see our support translate to

results that consistently exceed national averages, industry norms, and most importantly, the expectations of our clients. In this

quarter, our executives spent an average of 4.3 months in the job search, well lower than the national average of 6.3 months1

.

Length of the job search is important to us because it is important to our clients, but it is certainly not the only factor that counts,

and not how we measure our performance as a firm.

At BPI group, we work to help our clients find the best outcome for them, on a timeline that meets their personal goals and unique

circumstances. Not everyone transitions to a new position within an organization; in fact, 12% of those surveyed this quarter

decided to start their own businesses. Of those executives who started a new job with an organization, 81% reported a

compensation package that met or exceeded their previous position. These results underscore our philosophy on outplacement, as

not only support in finding a new job, but an opportunity to reflect, develop your career strategy, and take the best next step

forward.

EXECUTIVE EMPLOYMENT TRENDS REPORT Q3 2016

Patricia Siderius

Managing Director, Executive Outplacement Services

[email protected], +1.630.613-63731

Bureau of Labor Statistics, U.S. Department of Labor. “Table A-12. Unemployed persons by duration of unemployment.” http://www.bls.gov/news.release/empsit.t12.htm

By analyzing and publishing this executive job search data, we gain tremendous insight into our

clients’ experiences in the market, and how we need to adapt to best serve them. While the datais useful, I admit I am much more moved by the individual stories behind each of those data points,which simply cannot be captured in a report. From the adventurous executive who moves cross-

country for an exciting new role at a startup, to the seasoned leader stepping out to launch herown business, each client’s goals and journey are unique – and it is their definition of success to

which we are so passionately committed.

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About Our Executive Outplacement Clients

EXECUTIVE EMPLOYMENT TRENDS REPORT Q3 2016

This report is based on survey responses

from a sample of BPI group’s executive

outplacement clients, representing:

– 140 executives, comprising 93 men and

47 women

– 22 states

– 30 companies

All executives surveyed began and

completed their career transition with BPI

group between Q1 2015 and Q2 2016.

Accounting/Finance/Insurance 12%

Biotech/R&D/Science 4%

Business/Strategic Management 13%

Education/Training 2%

Human Resources 4%

IT/Software Development 6%

Legal 5%

Manufacturing/Production/Operations 15%

Marketing/Product 16%

Medical/Health 3%

Quality Assurance/Safety 8%

Sales/Retail/Business Development 12%

Executive respondents represent a

diverse array of occupations:

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Executive Outplacement Program Outcome

EXECUTIVE EMPLOYMENT TRENDS REPORT Q3 2016

85% of our executive clients chose to

seek a new job within an organization,

and 12% of the cohort decided to launch

businesses of their own. Of executives

surveyed this quarter, 3% decided to retire.

85%

3%

12%

Executive Outplacement Program Outcome

Landed newemployment

Retired

Started newbusiness

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Length of Job Search

EXECUTIVE EMPLOYMENT TRENDS REPORT Q3 2016

Executives spent an average of 4.3 months in the job search - slightly more time than the previous quarter’s

average of 3.5 months. This was less time than the national average reported by the Bureau of Labor Statistics, of

4.8 months for those in executive roles in Q2 2016, and much less time than the 6.3 month job search length

among the general U.S. workforce.

Salary at the new job:

• 58% rated the compensation at their new job

as Better than that of their previous job

• 23% rated the compensation at their new job

as the Same as that of their previous job

• 19% rated the compensation at their new job

as Less than that of their previous job 70%

23%

2%5%

How Executives Found their New Job

Networking

Search Firm

Other

Internet

Source: Bureau of Labor Statistics, U.S. Department of Labor. “Table A-12. Unemployed persons by duration of unemployment” http://www.bls.gov/news.release/empsit.t12.htm and

“Table A-37. Unemployed persons by occupation, industry, and duration of unemployment.” http://www.bls.gov/web/empsit/cpseea37.htm

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Base Salary

EXECUTIVE EMPLOYMENT TRENDS REPORT Q3 2016

Key Takeaway: Most of the executives surveyed this quarter reported an annual base salary of $150,000-$250,000. As in

previous quarters, this group also landed at a faster average rate than those in other salary brackets. The 9% of surveyed

executives making over $250,000 as a base salary took an average of 6.2 months to land a new position.

19%

72%

9%

Survey Sample: Base Salary Range

$75,000 -$150,000

$150,000 -$250,000

$250,000+

0

1

2

3

4

5

6

7

$75,000 - $150,000 $150,000 - $250,000 $250,000+

Mo

nth

s

Average Time to New Job by Base Salary Range

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Education Level

EXECUTIVE EMPLOYMENT TRENDS REPORT Q3 2016

Key Takeaway: The majority of executives surveyed held a Master’s degree. While typically those with advanced degrees

land new positions faster, this quarter we found that those with Master’s degrees took slightly longer to land new positions -

an average of 4.4 months. Those with Bachelor’s degrees landed in an average of 4.2 months.

1%

36%

60%

3%

Survey Sample: Education Level

Some College

Bachelor's

Master's

Ph.D

0

1

2

3

4

5

Some College Bachelor's Master's Ph.D

Mon

ths

Average Time to New Job by Education Level

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Age Group

EXECUTIVE EMPLOYMENT TRENDS REPORT Q3 2016

Key Takeaway: The vast majority of those surveyed were between 41-50 (52%) or 51-60 (41%) years old. These two

demographics landed new positions at roughly the same rate, an average of 4.2 months. Executives between 31 and 40

years of age, representing 6% of the survey sample, took an average of 5.8 months.

6%

52%

41%

1%

Survey Sample: Age Range

31-40

41-50

51-60

61+

0

1

2

3

4

5

6

31-40 41-50 51-60 61+

Mon

ths

Average Time to New Job by Age Range

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About Executive Outplacement Services

EXECUTIVE EMPLOYMENT TRENDS REPORT Q3 2016

BPI group offers a local boutique touch with a global network of resources

to ensure long-term career success for our executive outplacement clients. In addition to job search coaching, clients may also choose to focus on

entrepreneurial ventures, preparing for retirement, or other work

alternatives.

Each client works with a personal career coach to develop a customized,

winning services plan, helping them to:

• Focus on developing the next step in their career, leveraging assessment

tools and professional consulting to establish short and long-term career

direction.

• Learn how to effectively job search and thrive in the new world of

work.

• Search for the next opportunity, be it a new job, a business acquisition

or start-up, or a part-time career.

• Connect to high-quality job opportunities, through technology, a team

of job developers, social networks, in-person networking events,

personal introductions, and direct placement activities.

• Succeed in their new role, by developing a 90-day onboarding plan.

Interested in learning more?

Call +1.800.323.0206.

My coach provided a sounding board, someone I could vent to, support, compassion, and most importantly, sound, pragmatic

suggestions and solutions...[my coach] is simply the best.

- Gary, landed as Chief Executive Officer

at an energy service solutions company

A weekly session with my coach was a great shot in the arm, as

he provided me with useful guidance, support, and an opportunity to laugh while reminding me that I’m on the right

track…I couldn’t be more pleased with the professional and

personal support I received from BPI group. I felt very fortunate

when I compared notes with colleagues of mine who did not work

with BPI group.

- Matthew, landed as Vice President of Marketing

with a manufacturing holding company

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About BPI group

EXECUTIVE EMPLOYMENT TRENDS REPORT Q3 2016

We are global management and human resources

consultants focused on helping individuals and organizations navigate change.

Align + Engage

We help build optimal structures and get people engaged in their roles.

DevelopWe inspire individuals and teams to achieve

maximum performance.

Transition

We help individuals and organizations make the

most of change.

Connect with us at www.bpi-group.us to

learn more.