The document summarizes an executive employment trends report from Q3 2017 to Q3 2018. Some key findings include:
- The average length of an executive job search was 4.9 months, lower than national averages.
- Networking accounted for 71% of how executives found new jobs.
- Higher paid, more educated, experienced, and older executives took longer to transition but times were lower than 5 years ago.
- 89% of executives pursued similar or better re-employment rather than retirement or entrepreneurship.
3. Key Takeaways
The strong nationwide
economy and lowest
unemployment rate in
50 years are reflected
in BPI group’s landing
statistics, with EAS
clients landing in an
average of 4.9 months.
This is among the
lowest times in
transition since we
began reporting these
statistics.
More highly paid,
educated,
experienced, and
older executives
continue to take
longer to transition;
however, the
range in time is
significantly lower
than 5 years ago.
Networking and one-
to-one touchpoints
account for the
majority of new
opportunities and
landings, consistently
65% over the past five
years, and rising to
about 70% most
recently.
The majority of
executives in
transition are pursuing
and landing in similar
or better re-
employment, rather
than entrepreneurial
pursuits or leisure-
based “real”
retirement. This is
another reflection of
the strong transition
market and the unique
employment landscape
over the past five
decades.
1 2 3 4
Executive Employment Trends Report: Q3 2017 - Q3 2018
4. About Our Executive Advisory Services Clients
About the executives:
This report is based on survey
responses from a sample of BPI
group’s Executive Advisory Services
clients, representing 64% men and
36% women.
All executives surveyed completed
their transition with BPI group
between Q3 2017 and Q3 2018.
Executive respondents represent a
diverse array of occupations:
Accounting/Finance/Insurance 7%
Business/Strategic Management 22%
Human Resources 9%
IT/Software Development 2%
Legal 9%
Manufacturing/Production/Operations 18%
Marketing 9%
Medical/Health 11%
Quality Assurance/Safety 7%
Sales/Retail/Business Development 7%
Executive Employment Trends Report: Q3 2017 - Q3 2018
5. Executive Advisory Services Program Outcome
89% of our executive clients
chose to seek a new job
within an organization, and
10% decided to launch their
own businesses.
89%
9%
2%
Executive Career Transition Program Outcome
Landed new employment
Started new business
Retired
Executive Employment Trends Report: Q3 2017 - Q3 2018
6. Length of Job Search
Executives spent an average of 4.9 months in the job search. This was significantly less time than
the national average of 6.9 months for those in executive roles, and 5.5 months for the general
U.S. workforce, as reported by the Bureau of Labor Statistics in September.
Salary at the new job:
• 60% rated the compensation at their new job
as better than that of their previous job
• 13% rated the compensation at their new job
as the same as that of their previous job
• 27% rated the compensation at their new job
as less than that of their previous job
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
71%
8%
10%
11%
How Executives Found Their New Jobs
Networking
Other
Search Firm
Internet
Executive Employment Trends Report: Q3 2017 - Q3 2018
7. Base Salary
21%
62%
17%
Survey Sample:
Base Salary Range
$75,000 -
$150,000
$150,000 -
$250,000
$250,000+
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
Executive Employment Trends Report: Q3 2017 - Q3 2018
8. Education Level
2%
35%
54%
9%
Survey Sample:
Education Level
Some College
Bachelor's
Master's
Ph.D
1
2
3
4
5
6
Some College Bachelor's Master's Ph.D
Months
Average Time to New Job
by Education Level
Executive Employment Trends Report: Q3 2017 - Q3 2018
9. Age Group
2%
35%
56%
7%
Survey Sample:
Age Range
31-40
41-50
51-60
61+
1
2
3
4
5
6
31-40 41-50 51-60 61+
Months
Average Time to New Job
by Age Range
Executive Employment Trends Report: Q3 2017 - Q3 2018