ceo survey 2013 eng small

CEO Survey 2013 Czech Republic 2013

180respondents

After our positive experience with last year’s survey amongst Czech top managers, we once more organised the CEO Survey 2013 this year. Because we were particularly interested in comparisons with last year, we asked the managers the same, or slightly amended, questions. From the respondents’ answers, we discovered that most of them assessed 2012 as successful, and their forecasts for 2013 are, in their opinion, optimistic, as is the mood in their companies. In comparison with 2012, this is a change for the better.

As part of the survey, we contacted a total of 900 CEOs of companies from all spheres throughout the Czech Republic, of whom 180 took part, corresponding to a 20 % participation rate. Of the total number of respondents, 8 % were women and 92 % were men. On the basis of the survey, we can say that the typical CEO in the Czech Republic is a Czech citizen and a man between the ages of 40 and 49 who has worked in a management position for more than fi ve years.

Almost half of the CEOs see the future optimistically

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CEO Survey 2013 Czech Republic 2013 180

respondents

03

Neutral

Pessimistic

Somewhat optimistic

Very optimistic <1 %

Optimistic

38 %

20 %

29 %

13 %

Stanton Chase InternationalCEO Survey 2013

HOW DO YOU SEE THE DEVELOPMENT OF THE ECONOMY IN THE CZECH REPUBLIC OVER THE NEXT 12 MONTHS?

IN YOUR OPINION, WHICH SEGMENTS WILL SEE POSITIVE DEVELOPMENT IN 2013 IN THE CZECH REPUBLIC?

According to respondents, the economic situation this year is likely to improve. While 38 % of those questioned gave a neutral response to eco-nomic development, 29 % consider the economic prospects this year to be somewhat optimistic, and 13 % very optimistic. Only a fi fth of re-spondents predict negative development. The number of members of top management assessing the future neutrally or optimistically has thus grown by fi ve percent in a year to a total of 80 %.

Top managers’ outlook on the future potential of separate segments is interesting. As for last year, they expect greatest growth in the fi eld of information technology and telecommunications (up to 63 %, which is 5 % more than in 2012). The other segments offering the greatest growth are fi nance (33 %), professional services (31 %), followed by the pharma-ceutical industry (30 %) and the natural resources and energy (30 %). In contrast, the least growth is expected in the fi elds of government, educa-tion and non-profi t organisations (only 4.5 %). In comparison to last year, expectations of growth are also lower for industry (by 9 %) and consumer goods (by 4 %).

1 2

14 %

33 %

5 %

28 %

31 %

30 %

30 %

11 %

63 %Technology

Life Sciences & Healthcare

Professional Services

Government, Education & Non Profi t Organisations

Consumer Products & Services including media

Natural Resources and Energy

Industrial

Logistics & Transportation

Financial Services

04

Neutral

Somewhat unsuccessful Pessimistic

Very unsuccessful

Somewhat optimistic

Somewhat successful

Very optimistic3 %

Very successful

Optimistic

Successful

24 %

10 %7 %

2 %

35 %

29 %

31 %

43 %

16 %

Stanton Chase InternationalCEO Survey 2013

TRY TO DESCRIBE THE CURRENT ATMOSPHERE IN YOUR COMPANY HOW WOULD YOU CHARACTERISE 2012 IN TERMS OF THE SUCCESS OF YOUR COMPANY?

69 % of respondents assess the mood in their companies as optimistic (of which 3 % say very optimistic) and only 7 % assess it pessimistically. Compared to last year, when 13 % of managers assessed the mood as pessimistic, this is a signifi cant improvement.

The great news is that 88 % of CEOs assess 2012 as having been successful, of which 16 % say it was very successful. Only 12 % don’t consider last year as good for their company.

3 4

05Stanton Chase InternationalCEO Survey 2013

WHICH FACTORS AFFECT YOUR SATISFACTION AT WORK THE MOST?

WHAT DO COMPANIES EXPECT FROM THEIR MANAGEMENT AND CEO TO BE COMPETITIVE IN BOTH LOCAL AND INTERNATIONAL MARKETS?

The most signifi cant factor affecting the satisfaction of managers at work is suffi cient challenges allowing for personal growth with 62 % (last year 80 %). In second place is company culture with 60 % (last year 59 %), which swapped positions with autonomy, for which 56 % voted this year compared to 63 % last year. The least important factor, as in the last sur-vey, was level of stress. Its importance, however, is growing. This year this factor achieved 11 % compared to last year’s 6 %.

Companies expect fi rst and foremost fl exibility and adaptability from their CEOs, followed by productive management abilities, with moral values in third place. Last year, productive management was most important. The least important factor, as for last year, is mobility.

5 6

32 %

60 %

14 %

12 %

12 %

11 %

34 %

56 %

44 %

54 %

23 %

62 %Challenge, personal growth Flexibility, adaptability

Very Important – Less Important – Not Important

Level of managerial responsibility Change management experience

Level of autonomy, independence Strong values

Good working relationship with the boss Multicultural experience

Job security Mobility

Advancement opportunities

Stress level

Compensation & benefi ts package Creativity management ability

Future perspective Natural autority

Worklife balance Stress resistance

Industry segment Crisis management skills

Cultural fi t Productivity management ability


TO WHAT EXTENT IS IT EASY TO KEEP YOUR KEY EMPLOYEES WITHIN THE COMPANY?

TO WHAT EXTENT IS IT EASY TO FIND HIGH QUALITY EMPLOYEES FOR KEY POSITIONS ON THE JOBS MARKET?

Similarly to last year, it is easiest to keep employees from top manage-ment, while it is hardest to keep specialists.

The situation remains complicated, as it was last year, in fi nding key spe-cialists and candidates for top management.

7 8

Top Management Others

Very Easy – Easy – Diffi cult – Very Diffi cult Very Easy – Easy – Diffi cult – Very Diffi cult

Key Specialists Key Specialists

Middle Management Top Management

Others Middle Management

PLEASE TELL US IF YOU ALSO LOOK FOR CANDIDATES FROM OUTSIDE THE CZECH REPUBLIC

ARE YOU WILLING TO MOVE HOME FOR AN INTERESTING JOB OPPORTUNITY?

64 % of companies look for candidates only from within the Czech Re-public. Half also look in the CEE region, and a quarter of companies also look in Western Europe. Almost 20 % are ready to look for employees from practically anywhere.

When making a comparison with the 2012 survey, the trend for most CEOs being willing to move for positions in Western Europe or North America was confi rmed. The survey also suggests they would prefer to move within the Czech Republic than to move to a country in Eastern Europe or Latin America.

9 10

Only in CZ

Western EuropeYes – No

Yes – No

64 %

81 %

64 %

56 %

47 %

46 %

30 %

27 %

51 %

25 %

18 %

36 %

19 %

36 %

44 %

53 %

54 %

70 %

73 %

49 %

75 %

82 %Anywhere

Eastern Europe

Asia Pacifi c

Latin America

Middle East & Africa

In CZ + WE region

North AmericaIn CZ + CEE region

Within the Czech Republic


WHICH OF THE FOLLOWING CONSULTING SERVICES DO YOU CONSIDER MOST IMPORTANT TO YOUR COMPANY?

IF YOU USE DIRECT SEARCH SERVICES, WHAT ARE YOUR MAIN REASONS FOR DOING SO?

In the turbulent environment of the Czech Republic, an attitude of some dis-trust remains towards external consulting services. This fact is clear from the answers of our respondents, with 74 % using standard legal services. A positive trend is the fact that 39 % of those questioned consider Execu-tive Search and senior management coaching as the second most important service. Other external services offered are used by a markedly smaller percentage of respondents.

Respondents say the greatest motivator for using Executive Search services is the discretion of these services (almost 40 %), followed by its successful use for top management posts (40 %). A number of directors use Executive Search as a valuable source for gaining information from the market (21 %),and last but not least they use it to recruit a wide range of candidates. 25 % of the respondents do not use Executive Search services.

11 12

38 % 40 %

15 %

15 %

8 %

38 % 31 %

16 %

21 %

9 %

18 %

25 %

74 % 40 %Legal consultancy Confi dential Searches

Board advisory

We don’t use executive search fi rms

Coaching for senior managers Wide Range of Candidates

Advisory for strategy development of human capital

Seeking Market Inteligence

Crossborder SearchesManagemet level assessment

Limited Timeline

Leadership Consulting

External recruitment of senior managers (executive search) Board Level Hire


PLEASE STATE IN WHICH MARKET SEGMENT YOU CURRENTLY WORK

HOW LONG HAVE YOU BEEN IN THE POSITION OF CEO?

A total of two thirds of respondents have been in the CEO position for more than fi ve years, which represents a growth of almost 10 % in comparison to 2011. The survey suggests that company shareholders are endeavouring to have experienced CEOs in charge who have demonstrated their success even in diffi cult economic circumstances. The participation of experienced CEOs indicates their interest in fi nding out how their colleagues or competi-tors see the current and future situation.

13 14

26 %

5 %

4 %

20 %

10 %

4 %

2 %

10 %

38 %Industrial

Financial Services

Consumer Products & Services including media

Logistics & Transportation

Life Sciences & Healthcare

Government, Education & Non Profi t Organisations

Professional Services

Natural Resources and Energy

Technology

3–5 years

1–2 years

Less than 1 year3 %

Over 5 years

20 %

14 %

63 %

A broad range of sectors have participated in this survey, and the sectors best represented were the industrial production, information technology and telecommunication.


AGE OF RESPONDENTS GENDER OF RESPONDENTS

The survey shows that despite the trend in recent years to strive to move women into CEO positions, we still fi nd that more than 90 % of companies are led by men.

15 16

50–59

60–69 Female

Below 30< 1 %

Male

30–39

40–49

27 %

8 %

8 %

92 %45 %

19 %


Stanton Chase International was founded in 1990 and today is one of the world’s largest executive search company with over 70 offi ces in 43 countries.

Stanton Chase International has 9 specialized practice groups:

• Consumer Products and Services• Financial Services• Government, Education and Non Profi t• Industrial• Life Sciences and Healthcare• Logistics and Transportation• Natural Resources and Energy• Professional Services• Technology

The Stanton Chase Prague offi ce was established in 2009. It concentrates primarily on selecting top performers in the areas of technology, fi nance, industry, consumer products, logistics and life sciences. The essence of our fi rm’s success is based on three critical factors – our clients, our search process and our team.

Stanton Chase InternationalVinohradská 1597/174130 00 Praha 3Tel: +420 222 990 210 www.stantonchase.comwww.stantonchase.cz

Jozef PappBusiness Excellence - Marketing & Communications Managing Partner Prague

[email protected]+420 602 276 224

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