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The 2013
BlueStepsExecutive Job Trends: Industrial & Manufacturing
About BlueSteps.com BlueSteps.com is an online career management service for global senior executives. As an exclusive service of the Association of Executive Search Consultants (AESC), BlueSteps enables senior executives to make their career profile accessible to over 8,000 retained executive search professionals in more than 75 countries who are members of the AESC, and use the database as an additional resource in their candidate and source identification process. BlueSteps members can stay informed of executive job market trends and news via the BlueSteps Career Library and Blog, and use a variety of tools and resources to facilitate the successful management of their executive career path. For more information, please visit www.BlueSteps.com.
About The Association of ExecutiveSearch Consultants The Association of Executive Search Consultants (AESC) is the worldwide professional association for the retained executive search industry. The AESC promotes the highest professional standards in retained executive search consulting, broadens public understanding of the executive search process, and serves as an advocate for the interests of its member firms. For more information, or to download the AESC Code of Ethics and Professional Practice Guidelines, please visit www.aesc.org.
About Executive Search Connect The AESC also offers www.ExecutiveSearchConnect.com, a service for the HR community offering industry information and tools to assist with senior executive recruiting, including access to the AESC membership directory.
BlueSteps425 Fifth Avenue, 4th FloorNew York, NY 10016Phone: 1 (800) 363-1207Email: info@bluesteps.comWeb: www.bluesteps.com
BlueSteps Executive Job Trends: Industrial & Manufacturing3
About Our StudyFunctional Roles
BlueSteps Executive Job Trends: Industrial & Manufacturing
Executive SummaryThe BlueSteps Executive Job Trends in the Industrial & Manufacturing Sector survey was conducted in October 2013 and received 206 responses from BlueSteps member executives worldwide.
Most executives stated that they were most concerned with the pressures their company and the general industry places on profitability and cost reduction (28%). In addition, senior-level executives’ top career management concerns were finding new career opportunities (40%) and career growth and stagnation (22%).
Worldwide executives also predicted the top 3 factors that they believe will impact the industrial & manufacturing industry in 2014. These included cost reduction (47%), human resources (33%) and automation (20%). Only 27% of executives stated that their company is prepared for digital transformation.
1.3%
1.3%
1.3%
1.9%
1.9%
2.6%
2.6%
3.2%
3.9%
5.2%
5.2%
5.2%
5.8%
7.8%
7.8%
8.4%
16.2%
18.2%
CMO
Owner / Entrepreneur
President
R&D / Product Development
Technology
Finance & Accounting
HR & Training
Marketing & PR
Board Director
CFO
CTO/CIO
Other
Business Development / Sales
Consulting
COO
Operations / Production
General Management
CEO
BlueSteps Executive Job Trends: Industrial & Manufacturing
10%
10%
13%
16%
22%
28%
Globalization/regional issues
Credit/capital availability
Competition/market share
Economy
Finding/attracting qualified talent
Profitability/costs
4 BlueSteps Executive Job Trends: Industrial & Manufacturing
Top Executive Business Concerns
Top Executive Career Management Concerns
11%
13%
13%
22%
40%
Employment stability
Lack of qualified talent
Staying innovative/up to date
Career growth/stagnation
Finding new opportunities
The majority of industrial & manufacturing executives were most concerned about profitability/costs (28%), finding/attracting qualified talent (22%) and the economy’s impact on their business (16%).
One executive commented: “I'm optimistic about the future. The use of new technology and a focus on both revenue and cost, not just cost, will result in improved performance.”
Most industrial & manufacturing executive respondents were concerned about finding new opportunities (40%), career growth/stagnation (22%) and staying innovative/up to date in their industries (13%).
One executive commented: “My main concern is keeping up a network that will recognize my ability. It seems like there is no interest in looking for good people, only one of mitigating risk by selecting candidates that ‘tick every box.’”
5 BlueSteps Executive Job Trends: Industrial & Manufacturing
Highest Priority Skills for Workforce Success
2.30
2.50
3.30
3.93
4.46
4.51
Knowledge of mechanical and electrical engineering processes
Ability to work with computerized systems
Ability to operate automated manufacturing systems
Ability to read manufacturing blueprints
Understanding of hydraulic, pneumatic, and electrical systems
Ability to read and write machine programming code
Highest Priority Skills for Executives Success
14%
11%
21%
22%
33%
Sector knowledge
Communication
Strategic thinking
Leadership
Management/motivation of people
“Leadership and mentorship skills. Senior executives need to remember that people are their most valued resource. Too often, it appears we are putting the profit margin higher on the scale than our people. Without a workforce that feels the company is looking out for them, efficiency and productivity will drop, which will lead to decreased profits and a downward spiral.”
Executives in the industrial & manufacturing sector believe that “knowledge of mechanical and electrical engineering processes” and the “ability to work with computerized systems” are the highest priority skills for their workforce to have in their industry.Respondents were asked to rank the choices listed above from “1” to “5,” with “1” being the highest priority.
6 BlueSteps Executive Job Trends: Industrial & Manufacturing
Company’s Overall Preparedness for Digital Transformation
3%
6%
18%
25%24%
19%
5%Excellent (one of world's top)
Leader (but not top)
Strong
Good
Fair
Weak
Very Weak
Top Three Factors Influencing the Industrial & Manufacturing Sector in 2014
47%
33%
20%
Cost reduction
Human resources
Automation
Industrial & manufacturing executives predicted that cost reduction (47%), human resources (33%) and automation (20%) will be the factors that will most impact their industry in 2014. Energy efficiency, onshoring and outsourcing were also listed frequently in executives’ responses to this question.
Almost half (49%) of industrial & manufacturing executives rated their preparedness for digtal transformation as “good” to “fair.” 24% believed their preparedness was “weak” or “very weak.” Only 27% of executives said their preparedness was “strong,” “leader (but not top)” or “excellent (one of world’s top).
BlueSteps Executive Job Trends: Industrial & Manufacturing
BlueSteps425 Fifth Avenue, 4th FloorNew York, NY 10016Phone: 1 (800) 363-1207Email: info@bluesteps.comWeb: www.bluesteps.com
www.aesc.org www.executivesearchconnect.org
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