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Executive Employment Trends
Q2 2015
2 © BPI group
BPI group has established this Executive Employment Trends Report to offer visibility into the current
execu...
3 © BPI group
REFLECTIONS ON EXECUTIVE EMPLOYMENT TRENDS IN Q2 2015
Patricia Siderius
Managing Director, Executive Outplac...
4 © BPI group
About the executives:
This report is based on survey responses
from a sample of BPI group’s executive
outpla...
5 © BPI group
EXECUTIVE OUTPLACEMENT PROGRAM OUTCOME
91% of our executive clients
chose to seek a new job within
an organi...
6 © BPI group
Executives spent an average of 4.5 months in the job search – slightly more time than
the Q1 2015 average of...
7 © BPI group
EXECUTIVE EMPLOYMENT TREND: BASE SALARY
14%
70%
16%
Survey Sample: Base Salary Range
$75,000 -
$150,000
$150...
8 © BPI group
EXECUTIVE EMPLOYMENT TREND: EDUCATION LEVEL
Key Takeaway: Executives with a Master’s degree, comprising the ...
9 © BPI group
EXECUTIVE EMPLOYMENT TREND: AGE GROUP
Key Takeaway: Executives in the 51-60 age range – the largest proporti...
10 © BPI group
BPI group offers a local boutique touch with a global network of
resources to ensure long-term career succe...
11 © BPI group
We are global management and human resources
consultants focused on helping individuals and
organizations n...
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BPI group Executive Employment Trends Q2 2015

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What is the current average length of an executive job search? How does an executive’s base salary level or education impact the length of the job search?

BPI group has established this Executive Employment Trends Report to offer greater visibility into the current executive job market. We are committed to quality and results in our career transition programs, and believe that keeping a careful eye on trends in the market is an important way to ensure we are meeting the needs of our executive transition clients.

This Executive Employment Trends Report includes analysis of the average length of the executive job search, as well as how the job search is impacted by an executive's:

Base Salary Level
Education Level
Gender
Age

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BPI group Executive Employment Trends Q2 2015

  1. 1. Executive Employment Trends Q2 2015
  2. 2. 2 © BPI group 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 Q1 2014 through Q2 2015. 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 or connect with your local BPI group office. EXECUTIVE EMPLOYMENT TRENDS REPORT
  3. 3. 3 © BPI group REFLECTIONS ON EXECUTIVE EMPLOYMENT TRENDS IN Q2 2015 Patricia Siderius Managing Director, Executive Outplacement Services psiderius@bpi-group.us, +1.630.613-6373 Executives in Q2 2015 landed a new job in an average of 4.5 months, a slight increase from Q1’s average of 4.3 months. As we saw last quarter, this slight increase in job search length corresponded with an increase in average compensation for the new position: 64% of executives reported higher salaries in their new jobs, beating last quarter’s record high of 60%. In Q2, only 9% of executives chose to start their own business – about half the rate of Q1. Moreover, none of our executive clients chose to retire this quarter. Based on the experiences of our clients, we have observed that as the job market has improved, our executives can afford to be more particular in their job search. While they may take a bit longer to consider their options, they are landing better and higher paying positions. This observation is supported by the broader market trends noted by the U.S. Labor Department, who reported that 223,000 jobs were added in June. While lower-wage jobs were most in demand in the earlier period of the economic recovery, we are now seeing a larger concentration of new white-collar jobs in industries like marketing, insurance, and software – a marked increase in opportunities for our executive clients. 1 1 Schwartz, Nelson D. “U.S. Economy Adds 223,000 Jobs; Unemployment at 5.3%” The New York Times. 2 July 2015: B1. http://www.nytimes.com/2015/07/03/business/economy/jobs-report-hiring- unemployment-june.html?_r=1. Web. 30 July 2015.
  4. 4. 4 © BPI group About the executives: This report is based on survey responses from a sample of BPI group’s executive outplacement clients, representing: – 45 executives, comprising 32 men and 13 women – 14 states – 28 companies All executives surveyed began and completed their career transition with BPI group between Q1 2014 and Q2 2015. ABOUT OUR EXECUTIVE OUTPLACEMENT CLIENTS Accounting/Finance/Insurance 11% Banking/Real Estate/Mortgage 5% Business/Strategic Management 7% Food Services/Hospitality 9% Human Resources 7% IT/Software Development 17% Legal 4% Manufacturing/Production/Operations 20% Marketing/Product 9% Medical/Health 2% Quality Assurance/Safety 2% Sales/Retail/Business Development 5% Other 2% Executive respondents represent a diverse array of occupations:
  5. 5. 5 © BPI group EXECUTIVE OUTPLACEMENT PROGRAM OUTCOME 91% of our executive clients chose to seek a new job within an organization, whereas 9% decided to start their own business. In Q1 2015, almost twice this number, 17% of the cohort, decided to start their own business. 91% 9% Executive Outplacement Program Outcome Landed New Employment Started Own Business
  6. 6. 6 © BPI group Executives spent an average of 4.5 months in the job search – slightly more time than the Q1 2015 average of 4.3 months. This was significantly less time than the national average of 6.4 months in Q2 2015, as reported by the Bureau of Labor Statistics. To compare, the average job search length in Q1 2015 was 7 months, seasonally adjusted. EXECUTIVE EMPLOYMENT TREND: LENGTH OF JOB SEARCH Salary at the new job: • 64% rated the compensation at their new job as Better than that of their previous job • 24% rated the compensation at their new job as the Same as that of their previous job • 12% rated the compensation at their new job as Less than that of their previous job 67% 27% 3% 3% How Executives Found their New Job Networking Search Firm Other Internet
  7. 7. 7 © BPI group EXECUTIVE EMPLOYMENT TREND: BASE SALARY 14% 70% 16% 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+ Months Average Time to New Job by Base Salary Range Key Takeaway: Executives in the $150,000-$250,000 base salary range, comprising the majority of the survey sample, took the longest to land a new job: an average of 4.9 months. Those surveyed in the $75,000-$150,000 salary range, representing 14% of the sample, landed at nearly the same rate, an average of 4.8 months, while the 16% representing executives making over $250,000 secured a new position in an average of 3 months. This is a change from previous quarters, in which those in the highest income bracket have experienced the longest average job search length.
  8. 8. 8 © BPI group EXECUTIVE EMPLOYMENT TREND: EDUCATION LEVEL Key Takeaway: Executives with a Master’s degree, comprising the majority of those surveyed, landed in an average of 4.3 months. Those with only a Bachelor’s took slightly longer, averaging 4.9 months. 5% 42% 51% 2% Survey Sample: Education Level Some College Bachelor's Master's Ph.D 0 1 2 3 4 5 6 Some College Bachelor's Master'sMonths Average Time to New Job by Education Level
  9. 9. 9 © BPI group EXECUTIVE EMPLOYMENT TREND: AGE GROUP Key Takeaway: Executives in the 51-60 age range – the largest proportion of our sample - landed a new position in an average of 4.6 months, down from an average of 4.8 months in Q1 2015. 17% 33% 45% 5% Survey Sample: Age Range 31-40 41-50 51-60 61+ 1 1.5 2 2.5 3 3.5 4 4.5 5 5.5 31-40 41-50 51-60 61+Months Average Time to New Job by Age Range
  10. 10. 10 © BPI group 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 or connect with your local BPI group office. ABOUT EXECUTIVE OUTPLACEMENT SERVICES … I am excited and eternally grateful for the time you (and everyone at BPI group) took to help me in my search over the past year. I feel it was a critical piece in my getting this job and I cannot thank you enough. - Tim, landed as Chief Advisor to the Board of Trustees at a major education institution Losing my job after 12 years with a company was a confidence shattering experience. Patricia and her team worked with me to build back my confidence and to help me understand what I truly want at the next step in my career. Job searching in today's market is extremely different than 10 years ago and BPI gave me the expertise to make a difference and stand out among other candidates. - Sandra, landed as Vice President of Operations with a publicly traded manufacturing company
  11. 11. 11 © 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. ABOUT BPI GROUP

What is the current average length of an executive job search? How does an executive’s base salary level or education impact the length of the job search? BPI group has established this Executive Employment Trends Report to offer greater visibility into the current executive job market. We are committed to quality and results in our career transition programs, and believe that keeping a careful eye on trends in the market is an important way to ensure we are meeting the needs of our executive transition clients. This Executive Employment Trends Report includes analysis of the average length of the executive job search, as well as how the job search is impacted by an executive's: Base Salary Level Education Level Gender Age

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