BPI group Executive Employment Trends Q2 2013

Executive Employment TrendsQ2 2013

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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 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 Q2 2012 through Q2 2013.

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• Gender• 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 contact Patricia Siderius, Managing Director, Executive Outplacement Services, at [email protected] or +1.630.613-6373.

EXECUTIVE EMPLOYMENT TRENDS REPORT

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About the executives:

This report is based on survey responses from a sample of BPI group’s executive outplacement clients, representing:

– 81 executives

– 16 states

– 46 companies

All executives surveyed began their career transition with BPI group from Q2 2012 through Q2 2013.

ABOUT OUR EXECUTIVE OUTPLACEMENT CLIENTS

Accounting/Finance/Insurance 15%Business/Strategic Management 1%Engineering 1%Human Resources 11%IT/Software Development 12%Legal 10%Logistics/Transportation 1%Manufacturing/Production/Operations 20%Marketing/Product 7%Medical/Health 1%Project/Program Management 1%Sales/Retail/Business Development 17%

Executive respondents represent a diverse array of occupations:

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EXECUTIVE OUTPLACEMENT PROGRAM OUTCOME

While most of our executive clients chose to seek a new job within an organization, 5% chose to retire, and 10% decided to start their own business.

84%

5%10%

1%

Executive Outplacement Program Outcome

Landed New Job

Starting Own Business

Retired

Undetermined

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Executives spent an average of 4.9 months in the job search – up slightly from our Q1 2012-2013 average of 4.5 months, but significantly less than the current national average length of unemployment of 8.2 months.

EXECUTIVE EMPLOYMENT TREND: LENGTH OF JOB SEARCH

Status of the new job:• 27% rated their new job as

Better than their previous job

• 60% rated their new job as the Same as their previous job

• 4% rated their new job as Less than their previous job

64%14%

2%20%

How Executives Found Their New Job

NetworkingSearch FirmOtherUndetermined

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EXECUTIVE EMPLOYMENT TREND: JOB SEARCH START MONTH

1234567

Mon

ths

Average Time to New Job by Job Search Start Month

Key Takeaway: The average length of the job search decreased throughout 2012 and Q1 of 2013. This trend is consistent with the findings of our Q1 2013 report, as well as the national average length of unemployment, which decreased from 9 months in June 2012 to 8.2 months in June 2013.

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EXECUTIVE EMPLOYMENT TREND: BASE SALARY

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$75-150k $150-250k $250k+M

onth

s

Average Time to New Job by Base Salary Range

33%

46%

21%

Survey Sample: Base Salary Range

$75-150k$150-250k$250k+

Key Takeaway: Confirming the trend identified in our Q1 2013 report, executives in the $150-250,000 base salary range continued to land new jobs the fastest, in an average of 4.6 months.

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EXECUTIVE EMPLOYMENT TREND: EDUCATION LEVEL

1

2

3

4

5

6

Bachelor's Master's Ph.D SomeCollege

Mon

ths

Average Time to New Job by Education Level

7%

50%

38%

5%

Survey Sample: Education Level

Some CollegeBachelor'sMaster'sPh.D

Key Takeaway: Executives with Master’s Degrees landed new jobs in an average of 4.0 months – 29% faster than those with Bachelor’s Degrees—a finding consistent with our Q1 2013 report.

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EXECUTIVE EMPLOYMENT TREND: GENDER

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Women MenM

onth

s

Average Time to New Job by Gender

Women25%

Men75%

Survey Sample:Gender

Key Takeaway: Women executives landed new jobs in an average of 3.5 months, 32% faster than the 5.2 month average for men. This was a reversal of our prior Q1 2012 – Q1 2013 findings, where women took an average of 4.9 months in the job search, and men an average of 4.4 months. We believe these findings are influenced by the pool of executive clients who responded to the survey in Q2, and are not indicative of a larger trend.

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EXECUTIVE EMPLOYMENT TREND: AGE GROUP

12345678

31-40 41-50 51-60

Mon

ths

Average Time to New Job by Age Range5%

38%

53%

4%

Survey Sample:Age Range

31-4041-5051-6061+

Key Takeaway: Average length of the job search decreased progressively with age, with an average job search of 5.9 months for 31-40 year-olds, 5.0 months for 41-50 year-olds, and 4.6 months for 51-60 year-olds. This was also a change from Q1 2012 – Q1 2013, where average length of the job search increased with age. The shorter job search time for executives in the 51-60 age range indicates an increase in the market of senior-level positions in the first two quarters of 2013, particularly in the areas of finance, operations, IT and sales.

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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? Connect with Patricia Siderius, Managing Director, Executive Outplacement Services, at [email protected] or +1.630.613.6373.

ABOUT EXECUTIVE OUTPLACEMENT SERVICES

Your support and professionalism helped me through a period of my life when I needed a trusted advisor the most. You were there for me. Always friendly, always honest and always reliable and dependable; pushing me when I needed the push, and challenging me when I needed to be challenged.

I never doubted I would find a job, but I give you full credit for helping me take my career well beyond I hoped I would.

- José, landed as Chief Purchasing Officerwith a leading Metals and Plastics Distributor

There is no question that your guidance and consultation were a significant influence toward my new position. Your coaching had a profound influence on my entire family, allowing me to demonstrate that life events, such as job loss, can be overcome when the right support is sought. For me, that support was you and the BPI group team.

- David, landed as Director of Market Analyticswith the Tourism Bureau of a major metropolis

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We are the global management and human resources consultants that leading organizations rely on. We help organizations align, engage, develop, and transition talent, providing solutions that span the talent management lifecycle.

A Comprehensive Perspective.We offer clients a deep understanding of the full range of HR processes and how they impact business results.

The Best Approach for You.We provide custom solutions that align the objectives of the individual and the enterprise to deliver sustainable results.

Leading-Edge Thinking.We help businesses successfully manage change using innovative practices and research.

Locations in 40 Countries.We serve businesses no matter where they operate –locally and worldwide.

Connect with us at www.bpi-group.us.

ABOUT BPI GROUP