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Understanding the perception, behaviour and intention of executives in Australia. …

Understanding the perception, behaviour and intention of executives in Australia.

Presentation slides of the Executive Monitor 2010 report which can be downloaded here www.executivemonitor.com.au

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  • interesting presentation, i would like to share this article about cesar alierta, executive chairman of telefonica http://www.telefonica.com/en/about_telefonica/html/cv_directivos/cv_alierta.shtml
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  • 1. EXECUTIVE MONITOR understanding the perception, behaviour  and intention of executives in Australia Phillip Tusing  2nd March, 2010 Melbourne
  • 2. portrait of an executive education remuneration job search employment
  • 3. Master's ,  47.5% Bachelor's,  31.6% Diploma/Certi ficate, 13.7% High School,  4.7% PHD, 2.1% No Formal  Edu, 0.5% Well Qualified/Educated 
  • 4. higher education, higher income? Qualification < $100K $100-150K $250-300K >$500K PHD/Doctorate Degree 0% 3% 5% 0% Master's Degree/Post Grad 34% 44% 59% 67% Bachelor's Degree 39% 32% 23% 20% Diploma/Certificate 20% 15% 10% 7% High School 8% 5% 3% 7% No Formal Education 1% 1% 0% 0%
  • 5. education is important to further career 
  • 6. barriers to further study Lack of Time 63.5% Financial  22.0% Burden/Costs Duration of the  6.0% Course Lack of Support by  5.1% Employer Location of  2.5% Education Provider Lack of Support by  1.0% Family
  • 7. salary range < 100,000 15.0% 100,001 ‐ 150,000 38.0% 150,001 ‐ 200,000 22.2% 200,001 ‐ 250,000 12.2% 250,001 ‐ 300,000 5.9% 300,001 ‐ 350,000 2.7% 350,001 ‐ 400,000 1.4% 400,001 ‐ 500,000 1.5% 500,001 + 1.1%
  • 8. executives are highly aware of  salary/worth Don't know 8% Above market  rate 17% Current market  rate 45% Below market  rate 30%
  • 9. 30.4%  of executives are  DISSATISFIED with  their current salary
  • 10. more dissatisfied with perks than base salary 39.5% 28.8% 23.4% 25.3% 22.2% 27.8% 6.5% 9.9% 5.0% 5.3% 5.2% 1.3% Very Satisfied Satisfied Neutral Dissatisfied Very  Not Applicable Dissatisfied Salary (Base + Super) Perk & Benefits 
  • 11. ideal salary structure Super  35% want 10-20% 13% Base Salary 74% Perks & Benefits 13% 9.8% want 20-30% 3% want 100%
  • 12. Annual Bonus 12.3% Additional Leave / Vacation 8.5% Equity / Share Option 8.3% Flexi Time 8.1% Higher Super Contribution 8.0% Company Car 7.0% Profit Sharing 6.8% Health Benefits Laptop / Mobile Phone 6.8% 6.6% FAVOURITE  Salary Sacrifice Educational Assistance 6.1% 5.1% perks & benefits Professional Memberships 3.9% First/Business Class Air Travel 2.8% Termination Provisions 2.7% … Private School Fees for  2.7% Golden Parachute Provisions 2.1% Loans (Home & investment) 2.0% Legal Services 0.3%
  • 13. How often do Executives  want a pay rise?  Every 1 yr (87%) Every 2 yrs (7%) Every 6 months (6%) Every 3 yrs (1%)
  • 14. want more with new employer 8% >26 2% 10% 21‐25 2% 24% 16‐20 5% 29% 11‐15 18% 22% 6‐10 54% 7% 0‐5 19% % increase New Employer Current Employer
  • 15. Performance Review 53% Changed Employer 20% Internal Promotion 13% Internal Movement  9% (Change Departments) Company Restructure 3% Completion of  1% Study/Training what triggers a Pay Rise?
  • 16. salary disparity: How  female/male get their pay rise Male Female 55.7% Performance Review 46.4% 18.6% Changed Employer 23.6% 13.5% Internal Promotion 12.8% Internal movement  8.7% (change department) 11.3% 3.0% Company Restructure 4.4% Completion of  0.5% Study/Training 1.5%
  • 17. remuneration is a strong motivator in  doing my job effectively 51% 17% 17% 11% 3% Agree Neutral Strongly  Disagree Strongly  Agree Disagree
  • 18. salary is important in choosing   employer: 79% 43% 36% 20% 1% 1% Very Important Important Somewhat  Not Important No Opinion Important
  • 19. what triggers a job search 30% 23% 19% 15% 8% 5% Location  Personal and  Company  Lifestyle  Career  Financial  Considerations  Family  Consideration (e.g.  Consideration (e.g.  Considerations  Considerations  (e.g. want to move  Considerations  you do not like  you want more  (e.g. you want to  (e.g. want more  overseas) (e.g. marriage,  your current  work/life balance) change industry) pay) health issues) workplace)
  • 20. • Generalist Job Boards • Niche Job Boards • Association Job boards • Online forums • Podcast • Association newsletters • Video Resume • Job Aggregators • SMS • Internet Classifieds • Widgets • Search Engines • RSS • Blogs • MySpace • Communities • Flickr • Social Networks • Facebook • Mailing List s • Twitter • Print • Job Boards • Forums • Radio /Podcast • Print Media • Mobile Phones • Web Portals • Personal Networks • Website • Recruitment Firms • Staffing Agencies • LinkedIn • Referral Networks 2000 2010
  • 21. effective channels to find a job Recruitment/Search Firms 23.2% Personal Contacts/Network 22.3% Referrals (Someone referred you) 15.6% Internal Promotion 8.0% Job Boards (Generalist) 7.7% Print Media/Newspapers 7.2% Other  4.7% Job Boards (Niche/Specialist) 3.9% Employer Website 3.2% Cold Calling 1.1% Social Networking Sites (e.g.  0.8% … Alumni & Professional Associations 0.8% Job/Career Fairs 0.7% Headhunted (approached by  0.4% … Social Media (e.g blogs) 0.4%
  • 22. ever found a job  through a  recruitment  firm? No, 36% Yes, 64%
  • 23. view on recruitment firms  No Opinion 1% Very Favourable Mainly  4% Unfavourable 14% Mainly  Favourable 32% Very  Unfavourable 19% Neutral 30%
  • 24. 46% 21% 20% 8% 4% Agree Strongly Agree Neutral Disagree Strongly Disagree will use JOB BOARDS in the next 12  months for finding jobs? 
  • 25. Use social media? View on Social Media. Very  No Opinion,  Favourable,  5% Mainly  6% Unfavourable,  7% Maybe,  28% No, 37% Neutral,  Unfavourable,  39% 15% Yes, 35% Mainly  Favourable,  29%
  • 26. executive work tenure shorter  than national average 25% Executive Monitor ABS National  23% 22% 17% 17% 15% 16% 13% 14% 12% 11% 9% 5% 2% 20+ yrs 10‐20 yrs 5‐10 yrs 2‐3 yrs 3‐5 yrs 1‐2 yrs 0‐1 yrs
  • 27. 8 employers on average executives worked for 8 employers  since joining the workforce
  • 28. satisfaction with current employer 38% 24% 17% 13% 7% Satisfied Neutral Dissatisfied Very Satisfied Very Dissatisfied
  • 29. 77% Ready to Leave? 40% 37% 15% 5% 4% Agree Strongly Agree Neutral Strongly Disagree Disagree
  • 30. Work‐Life Balance 25% Company Culture & Reputation 21% Career Path 17% Generous Base Salary 17% Recognition 8% Learning & Development 8% Bonuses & Perks 3% Company Benefits 2% what do you value in an  employer? 
  • 31. confident to jump and find a job  within One month 16% Three months 44% Six months 27% Twelve months 8% Not confident 6%
  • 32. overseas locally Maybe,  Maybe,  30% 36% Yes , 43% Yes , 48% No, 21% No, 22% majority willing to relocate
  • 33. brand me thinks ‘personal branding’ is important
  • 34. be vigilant about changing behaviour of executives because executives are vigilant
  • 35. download the complete report @  www.ExecutiveMonitor.com.au
  • 36. EXECUTIVE MONITOR SUPPORTERS
  • 37. Image Credit  Slide 2: http://www.flickr.com/photos/stephenpoff/2968643074/sizes/l/  Slide 3: http://www.flickr.com/photos/cryptic_star/3443110610/sizes/l/  Slide 5: http://www.flickr.com/photos/troyholden/4114564467/sizes/l/  Slide 6:  http://www.flickr.com/photos/moriza/96724309/sizes/o/ Slide 19: http://flickr.com/photos/practicalowl/314989744/sizes/l/  Slide  21: http://www.flickr.com/photos/nevenka/2771333038/sizes/l/  Slide  23: http://www.flickr.com/photos/danzen/432388521/sizes/o/  Slide 27: http://www.flickr.com/photos/eschipul/3569072694/     Slide 28 : http://www.flickr.com/photos/eddus/102239677/sizes/l/in/set‐72057594105107468/  Slide  29: http://www.flickr.com/photos/danielgreene/523681672/  Slide 30:  Slide 31: http://www.flickr.com/photos/yinto/3213182939/sizes/l/  Slide 34: http://www.flickr.com/photos/stephenpoff/2968643074/sizes/l/   www: destinationtalent.com.au email: phillip(dot)tusing@destinationtalent.com.au phone: 0402 416 767 or 9212 0702 blog: destinationtalent.com.au/blog skype: phillip.tusing twitter: philliptusing ©