executive employment trends report q2 2016

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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 Q4 2014 through Q1 2016.

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.

Executive Employment Trends Report Q2 2016*

*Note: We have updated the naming convention of this report to reflect the quarter in which it is published, rather than the last quarter of data analyzed. Thus, the Q2 2016

report replaces what would have been the Q1 report.

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Executive clients surveyed for our Q2 2016 report spent an average of 3.5 months in the job search, a much faster rate than

the national average. According to the Bureau of Labor Statistics’ March 2016 jobs report, those in “management,

professional, and related occupations” took an average of 7.4 months to land a new position.1

The executives surveyed for this report were special in a few respects. With nearly 70% at 50 years old or younger, the group

was uncharacteristically young relative to previous reports. Moreover, many of these younger executives were highly

educated, high-potential employees who had benefited from ongoing internal training and mentoring at their previous

organizations. As a result, they were well-positioned for a successful, relatively short job search. 80% of executives surveyed

accepted jobs offering compensation equal to or greater than that of their previous positions.

Credit must also be given to the talented career coaches who partner with our executives to support them in both the short

and long-term. Our proprietary Listen to the MarketSM

strategy helps each job seeker determine how her skills, background,

and career aspirations situate in the market, empowering her to effectively promote herself with a clear grasp of her unique

value proposition. These more intangible benefits of our services are difficult to quantify in

a report — but the results are clear. We believe that a successful transition is not merely one

that yields a new job in an acceptable period of time, but one in which each person

gains a renewed sense of self and purpose in an ever-changing employment landscape.

Q2 Reflections on Executive Employment Trends

EXECUTIVE EMPLOYMENT TRENDS REPORT Q2 2016

Patricia Siderius

Managing Director, Executive Outplacement Services

[email protected], +1.630.613-63731

Bureau of Labor Statistics, U.S. Department of Labor. “Labor Force Statistics from the Current Population Survey.”

http://www.bls.gov/web/empsit/cpseea37.htm

mailto:[email protected]

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About Our Executive Outplacement Clients


About the executives:

This report is based on survey responses

from a sample of BPI group’s executive

outplacement clients, representing:

– 91 executives, comprising 58 men and

33 women

– 16 states

– 23 companies

All executives surveyed began and

completed their career transition with BPI

group between Q4 2014 and Q1 2016.

Accounting/Finance/Insurance 12%

Business/Strategic Management 15%

Education/Training 3%

Human Resources 6%

IT/Software Development 9%

Legal 5%

Manufacturing/Production/Operations 13%

Marketing/Product 17%

Medical/Health 2%

Project/Program Management 1%

Quality Assurance/Safety 3%

Sales/Retail/Business Development 12%

Other 2%

Executive respondents represent a

diverse array of occupations:

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Executive Outplacement Program Outcome


97% of our executive clients chose to

seek a new job within an organization,

whether on a full-time (98%) or contract

(2%) basis. The remaining 3% of the

cohort decided to launch businesses of

their own. None of the executives

surveyed this quarter chose to retire.

97%

3%

Executive Outplacement Program Outcome

Landed NewEmployment

Starting OwnBusiness

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Length of Job Search


Executives spent an average of 3.5 months in the job search – less time than the previous quarter’s

average of 5.6 months. This was much less time than the national average of 7.4 months for those in

executive roles in Q1 2016, as reported by the Bureau of Labor Statistics.

Salary at the new job:

• 55% rated the compensation at their

new job as Better than that of their

previous job


new job as the Same as that of their

previous job


new job as Less than that of their

previous job69%

25%

2%

4%

How Executives Found their New Job

Networking

Search Firm

Other

Internet

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Base Salary


Key Takeaway: The vast majority of those surveyed this quarter fell into the $150,000-$250,000 base salary range,

and this group tended to land new jobs at the fastest rate: an average of 3.4 months. The 8% of those making over

$250,000 as a base salary took the most time to land, an average of 5 months.

11%

81%

8%

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+

Mo

nth

s

Average Time to New Job by Base Salary Range

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Education Level


Key Takeaway: 66% of executives surveyed this quarter held a Master’s degree or Ph.D. While we normally observe

an inverse relationship between level of education and time to new job, this quarter’s survey results upended that

expectation. The 33% of those surveyed with a Bachelor’s degree landed in an average of 3.1 months, while those

with a Master’s degree had an average landing rate of 3.7 months — not a dramatic increase, yet unusual

nevertheless.

1%

33%

65%

1%

Survey Sample: Education Level

SomeCollege

Bachelor's

Master's

Ph.D

0

1

2

3

4

5

6

Some College Bachelor's Master's Ph.D

Mo

nth

s

Average Time to New Job by Education Level

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Age Group


Key Takeaway: The majority of executives surveyed were between the ages of 41 and 50, landing new positions in

an average of 3.2 months. Those aged 51-60 — 30% of the cohort — took slightly more time to land, at an average

of 4.6 months.

6%

63%

30%

1%

Survey Sample: Age Range

31-40

41-50

51-60

61+ 0

1

2

3

4

5

6

31-40 41-50 51-60 61+

Mo

nth

s

Average Time to New Job by Age Range

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About Executive Outplacement Services


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.

My coach provided a sounding board, someone I could vent to,

support, compassion, and most importantly, sound, pragmatic

suggestions and solutions...[my coach] is simply the best.

- Gary, landed as Chief Executive Officer

at an energy service solutions company

A weekly session with my coach was a great shot in the arm, as

he provided me with useful guidance, support, and an

opportunity to laugh while reminding me that I’m on the right

track…I couldn’t be more pleased with the professional and

personal support I received from BPI group. I felt very fortune

when I compared notes with colleagues of mine who did not work

with BPI group.

- Matthew, landed as Vice President of Marketing

with a manufacturing holding company

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About 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.

http://www.bpi-group.us/

executive employment trends report q2 2016

Recruiting & HR