Executive Employment Trends Report Q1 2017

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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 believe

that 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 Q3 2015 through Q4 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 advisory services, please connect with us at [email protected].

Executive Employment Trends Report Q1 2017

mailto:[email protected]

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A Positive 2017 Outlook for Executive Talent

2017 promises to be a great year for job seekers. With the unemployment rate remaining low—it’s been 5% or lower for 17

consecutive months1

—qualified job seekers are in high demand by employers seeking to fill an increasing number of open positions. As

of January, job growth has been positive for a record 75 consecutive months.2

As a result, job seekers also have an advantage in the

negotiation process to command higher salaries. In fact, in Q1 we found that over half of our executive career transition clients

landed new positions with greater compensation than that of their previous positions. It’s truly an employee’s market today.

National executive unemployment also remains low, on top of projected 6% growth of executive positions from 2014 to 2024.3

This

flourishing of management roles is a reflection of the bright outlook for the U.S. economy—the result of new business creation and

growth of existing organizations, all of which require experienced executive talent. Organizations are ever more pressed to hire and

place the right people in management positions. According to Gallup’s research, organizations may be failing to connect the right

executive talent to the right role as much as 82% of the time.4

The higher the level of management, the higher the stakes for the

organization.

This is why we at BPI group are dedicated to working with our executive clients to analyze a job offer

to ensure alignment of the offer and needs of both the individual and organization. In this job market,

our clients can afford to be discerning. We look forward to a successful 2017 for our executive clients,

as we renew our commitment to helping them find fulfillment in the next step in their career.

EXECUTIVE EMPLOYMENT TRENDS REPORT Q1 2017

1

Bureau of Labor Statistics, U.S. Department of Labor. Databases, Tables & Calculators by Subject. “Labor Force Statistics from the Current Population Survey.”

https://data.bls.gov/timeseries/LNS140000002

Glassdoor. “Looking Ahead: 5 Job Trends to Watch in 2017.” December 2016. https://research-

content.glassdoor.com/app/uploads/sites/2/2016/12/Glassdoor2017JobsTrends.pdf3

Bureau of Labor Statistics, U.S. Department of Labor. Occupational Outlook Handbook. “Top Executives.” https://www.bls.gov/ooh/management/top-executives.htm#tab-64

Gallup. “Why Great Managers Are So Rare.” http://www.gallup.com/businessjournal/167975/why-great-managers-rare.aspx

Steve Spires

Managing Director, Career Services

BPI group

https://data.bls.gov/timeseries/LNS14000000

https://research-content.glassdoor.com/app/uploads/sites/2/2016/12/Glassdoor2017JobsTrends.pdf

https://www.bls.gov/ooh/management/top-executives.htm#tab-6

http://www.gallup.com/businessjournal/167975/why-great-managers-rare.aspx

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About Our Executive Career Transition Clients


About the executives:

This report is based on survey responses

from a sample of BPI group’s executive

career transition clients, representing:

– 176 executives, comprising 116 men

and 60 women

– 25 states

– 30 companies

All executives surveyed began and

completed their transition with BPI group

between Q3 2015 and Q4 2016.

Accounting/Finance/Insurance 11%

Biotech/R&D/Science 3%

Business/Strategic Management 19%

Education/Training 1%

Human Resources 3%

IT/Software Development 5%

Legal 7%

Manufacturing/Production/Operations 13%

Marketing/Product 16%

Medical/Health 3%

Quality Assurance/Safety 4%

Sales/Retail/Business Development 15%

Executive respondents represent a

diverse array of occupations:

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Executive Career Transition Program Outcome


81% of our executive clients chose

to seek a new job within an

organization, and 17% decided to

launch their own businesses. 2% of

executives surveyed this quarter

decided to retire.

81%

2%

17%

Executive Career Transition Program Outcome

Landed newemployment

Retired

Started newbusiness

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Length of Job Search


Executives spent an average of 4.6 months in the job search – about the same time as the previous quarter’s

average of 4.4 months. This was significantly less time than the national average of 7 months for those in

executive roles, and 5.7 months for the general U.S. workforce, according to the Bureau of Labor Statistics

January 2017 survey data.

Salary at the new job:

• 58% rated the compensation at their new

job as Better than that of their previous job


job as the Same as that of their previous job


job as Less than that of their previous job

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

69%

21%

5%

5%

How Executives Found their New Job

Networking

Search Firm

Other

Internet

http://www.bls.gov/news.release/empsit.t12.htm

http://www.bls.gov/web/empsit/cpseea37.htm

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Base Salary


Key Takeaway: The vast majority of executives surveyed this quarter fell into the $150,000-$250,000 base salary range,

landing new jobs in an average of 4.5 months.

8%

80%

12%

Survey Sample: Base Salary Range

$75,000 -$150,000

$150,000 -$250,000

$250,000+

0

1

2

3

4

5

6

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

Month

s

Average Time to New Job by Base Salary Range

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Education Level


Key Takeaway: Those holding either a Bachelor’s or Master’s degree landed new jobs at nearly equal rates of around 4.5

months. This continued the trend observed throughout 2016 of an equalization in average job search length across levels of

education. Historically, we have observed those with Master’s degrees landing the fastest. That those with Master’s and

Bachelor’s degrees are landing new jobs at comparable rates may reflect the increasingly competitive market for talent.

2%

38%

57%

3%

Survey Sample: Education Level

Some College

Bachelor's

Master's

Ph.D

0

1

2

3

4

5

6

Some College Bachelor's Master's Ph.DM

onth

s

Average Time to New Job by Education Level

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Age Group


Key Takeaway: Those in the 41-50 age group, representing 44% of the cohort, landed at the fastest rate, an average of 4.3

months, with those in the majority 51-60 age range landed in an average of 4.8 months.

7%

48%

44%

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+M

onth

s

Average Time to New Job by Age Range

- Jean, landed as Director of Industrial Excellence

at a global agricultural corporation

Thank you for the excellent guidance and support you provided during

my job search. It was appreciated and so helpful! Especially as I got into

a negotiation with a French company…You connected me with BPI group

France, and on very short notice, the French team was able to provide

me with a lot of pertinent information, helping me to close the deal. I

start my new job in Paris in a few weeks! Please share my appreciation

with both the BPI group France and U.S. teams.

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BPI group offers a local boutique touch with a global network of resources to ensure long-term career

success for our executive career transition clients. In addition to job search coaching, clients may also

choose to focus on entrepreneurial ventures, prepare for retirement, or pursue other work alternatives.

Each client works with a personal career coach to develop a customized services plan, helping them to:

About Executive Advisory Services


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? Connect with us at +1.800.323.0206.

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About BPI group


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.

Develop

We 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.

http://www.bpi-group.us/

Executive Employment Trends Report Q1 2017

Recruiting & HR

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