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Executive Employment Trends Report Q3 2019

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BPI group’s Executive Employment Trends Report offers visibility into the current executive job market. The findings of this report are based on landing data collected on our Executive Transition Services (ETS) clients who completed their job search between Q4 of 2018 and Q3 of 2019, compared to the same relative period a year ago.

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Executive Employment Trends Report Q3 2019

  1. 1. Executive Employment Trends Q3 2019
  2. 2. 2 BPI group’s Executive Employment Trends Report offers 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 that we meet the needs of our career transition clients. The findings of this report are based on landing data collected on our Executive Transition Services (ETS) clients who completed their job search between Q4 of 2018 and Q3 of 2019, compared to the same relative period a year ago. The Executive Employment Trends Report includes analysis of the following executive employment trends: – Average length of the executive job search – Outcomes of the job search – qualitative assessment – 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 career transition, please connect with us at ranwar@bpi-group.us. Executive Employment Trends Q3 2019
  3. 3. 3 Key Takeaways Job searches are getting longer across all transitioning executives, regardless of age or salary level. The 51+ age group is taking longer to land than younger executives. Our senior executive clients are reviewing opportunities that are narrower in scope and geography than younger individuals. There was a 5% increase in base salaries over $250,000, and a 6% decrease in salaries of $75,000 to $150,000. As companies go through de-layerings, there are fewer executive roles. At the same time, companies are investing more in their senior executives with increases in base pay and variable compensation. 1 2 3 Executive Employment Trends Q3 2019 In Q3 2019, 89% of our executive clients chose to accept a new role within an organization, compared to 93% last year. At the same time, there was a 4% increase in new business starts among our survey participants. This is the third quarter in a row we have seen a YOY rise in new business starts.
  4. 4. 4 About Our Executive Transition Services Clients About the executives: This report is based on survey responses from a sample of BPI group’s Executive Transition Services clients, representing age groups from 31 to 61+. All executives surveyed completed their transition with BPI group between Q4 2018 and Q3 2019. Executive respondents represent a diverse array of occupations: Executive Employment Trends Q3 2019 Business/Strategic Management 24% Manufacturing/Production/Operations 18% Human Resources 12% Sales/Retail/Business Development 10% Medical/Health 10% Legal 7% IT/Software Development 7% Marketing 6% Accounting/Finance/Insurance 4% Biotech/R&D/Science 3% Quality Assurance/Safety 2%
  5. 5. 5 Executive Transition Services Program Outcome Executive Employment Trends Q3 2019 16% 84% Q3 2018 Q3 2019 89% 9% 2% Accepted new organizational employment Started new business Retired 93% 5% 2%
  6. 6. 6 Executive Employment Trends Q3 2019 How Executives Found Their New Jobs Q3 2019Q3 2018 72% 9% 14% 5% Networking Other Search Firm Internet 76% 16% 6% 2%
  7. 7. 7 Executive Employment Trends Q3 2019 Length of Job Search Between Q4 2018 and Q3 2019, our executive clients spent an average of 5.4 months on their job searches, slightly longer than the national average of 5.3 months for those in senior leader roles as reported by the Department of Labor [representing a broader base of salaries than our Executive Transition Service (ETS) clients]. Landing times for our ETS executives were faster this year (5.4 months vs. 6 months last year). Salary at the new job: • 57% assessed the compensation at their new job as better than that of their previous job, in addition to qualitative factors • 21% assessed the compensation at their new job as the same as that of their previous job, in addition to qualitative factors 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
  8. 8. 8 Base Salary Executive Employment Trends Q3 2019 15% 63% 22% Survey Sample: Base Salary Range $75,000 - $150,000 $150,000 - $250,000 $250,000+ 3.6 4.9 3.5 5.4 5.5 4.8 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 Q32018 Q32018 Q32018 Q32019 Q32019 Q32019
  9. 9. 9 Education Level Executive Employment Trends Q3 2019 2018 2018 20182017 2017 2017 5% 30% 58% 7% Survey Sample: Education Level Some College Bachelor's Master's Ph.D 3.0 4.3 5.1 2.9 4.5 6.7 5.0 3.3 1 2 3 4 5 6 7 Some College Bachelor's Master's Ph.D Months Average Time to New Job by Education Level Q32019 Q32019 Q32019 Q32019 Q32018 Q32018 Q32018 Q32018
  10. 10. 10 Age Group Executive Employment Trends Q3 2019 10% 35% 45% 10% Survey Sample: Age Range 31-40 41-50 51-60 61+ 3.9 4.6 4.5 3.8 4.4 4.8 6.0 5.8 1 2 3 4 5 6 31-40 41-50 51-60 61+ Months Average Time to New Job by Age Range Q32019 Q32019 Q32019 Q32019 Q32018 Q32018 Q32018 Q32018
  11. 11. 11 CHOOSE BPI GROUP TO MOVE YOUR PEOPLE AND ORGANIZATION >>> FORWARD Interested in learning more? Connect with us at +1.312.334.3828 BPI group offers a local boutique touch with a global network of resources to ensure long-term career success for our Executive Transition Services 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 transition plan helping them to: Focus – Clarify long-term dreams and goals by identifying the executive’s personal brand and developing a plan to take it to market. Learn – Guide the executive to become his/her own best coach by exploring opportunities for personal and professional development to improve and hone his/her marketability. Search – Find the next opportunity that’s right for the executive’s career path by tapping into our seasoned advice and customized content. Connect – Take advantage of BPI group’s hands-on, interactive tools to make connections through social media and face-to-face networking opportunities. Succeed – Once the executive lands, his/her expert career consultant will help with the transition and build a plan for long-term success. About Executive Transition Services
  12. 12. 12 We are the global leadership, talent & transition experts, helping simplify the complex relationship between an organization and its people so both can achieve new heights. Lead We help drive powerful results with strong leaders and teams. Develop We inspire peak performance from your talent. Transition We help people and organizations optimize change. Connect with us at www.bpi-group.us to learn more. Transforming people and organizations in extraordinary ways About BPI group

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