The document summarizes executive employment trends in Q3 2019 based on data from BPI group's Executive Transition Services clients. The following key points are made:
- Job searches are taking longer across all executive levels compared to a year ago, averaging 5.4 months. Those over 51 and with lower salaries took the longest.
- 89% of clients accepted new roles in organizations, down from 93% last year. New business starts increased 4% year-over-year.
- Salaries over $250,000 increased 5% while those between $75-150K decreased 6%. Demand remains highest for senior executives.
- Networking was the most common method for finding new jobs, used
2. 2
BPI group’s Executive Employment Trends Report offers visibility into the
current executive job market. We are committed to quality and results in our
career transition programs and believe that keeping a careful eye on trends in
the market is an important way to ensure that we meet the needs of our
career transition clients. The findings of this report are based on landing data
collected on our Executive Transition Services (ETS) clients who completed
their job search between Q4 of 2018 and Q3 of 2019, compared to the same
relative period a year ago.
The Executive Employment Trends Report includes analysis of the following
executive employment trends:
– Average length of the executive job search
– Outcomes of the job search – qualitative assessment
– 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
career transition, please connect with us at ranwar@bpi-group.us.
Executive Employment Trends
Q3 2019
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Key Takeaways
Job searches are getting
longer across all
transitioning executives,
regardless of age or
salary level. The 51+ age
group is taking longer to
land than younger
executives. Our senior
executive clients are
reviewing opportunities
that are narrower in
scope and geography
than younger individuals.
There was a 5% increase
in base salaries over
$250,000, and a 6%
decrease in salaries of
$75,000 to $150,000.
As companies go through
de-layerings, there are
fewer executive roles.
At the same time,
companies are investing
more in their senior
executives with
increases in base pay and
variable compensation.
1 2 3
Executive Employment Trends
Q3 2019
In Q3 2019, 89% of our
executive clients chose to
accept a new role within
an organization,
compared to 93% last
year. At the same time,
there was a 4% increase
in new business starts
among our survey
participants. This is the
third quarter in a row we
have seen a YOY rise in
new business starts.
4. 4
About Our Executive Transition Services Clients
About the executives:
This report is based on survey
responses from a sample of
BPI group’s Executive Transition
Services clients, representing
age groups from 31 to 61+.
All executives surveyed
completed their transition with
BPI group between Q4 2018 and
Q3 2019.
Executive respondents represent a
diverse array of occupations:
Executive Employment Trends
Q3 2019
Business/Strategic Management 24%
Manufacturing/Production/Operations 18%
Human Resources 12%
Sales/Retail/Business Development 10%
Medical/Health 10%
Legal 7%
IT/Software Development 7%
Marketing 6%
Accounting/Finance/Insurance 4%
Biotech/R&D/Science 3%
Quality Assurance/Safety 2%
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Executive Transition Services Program Outcome
Executive Employment Trends
Q3 2019
16%
84%
Q3 2018 Q3 2019
89%
9%
2%
Accepted new organizational employment Started new business Retired
93%
5%
2%
6. 6
Executive Employment Trends
Q3 2019
How Executives Found Their New Jobs
Q3 2019Q3 2018
72%
9%
14%
5%
Networking
Other
Search Firm
Internet 76%
16%
6%
2%
7. 7
Executive Employment Trends
Q3 2019
Length of Job Search
Between Q4 2018 and Q3 2019, our executive clients spent an average of 5.4 months on their
job searches, slightly longer than the national average of 5.3 months for those in senior leader
roles as reported by the Department of Labor [representing a broader base of salaries than our
Executive Transition Service (ETS) clients]. Landing times for our ETS executives were faster this
year (5.4 months vs. 6 months last year).
Salary at the new job:
• 57% assessed the compensation at their new job as better than that of their
previous job, in addition to qualitative factors
• 21% assessed the compensation at their new job as the same as that of
their previous job, in addition to qualitative factors
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
8. 8
Base Salary
Executive Employment Trends
Q3 2019
15%
63%
22%
Survey Sample:
Base Salary Range
$75,000 -
$150,000
$150,000 -
$250,000
$250,000+
3.6
4.9
3.5
5.4
5.5
4.8
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
Q32018
Q32018
Q32018
Q32019
Q32019
Q32019
9. 9
Education Level
Executive Employment Trends
Q3 2019
2018 2018 20182017 2017 2017
5%
30%
58%
7%
Survey Sample:
Education Level
Some College
Bachelor's
Master's
Ph.D
3.0
4.3
5.1
2.9
4.5
6.7
5.0
3.3
1
2
3
4
5
6
7
Some College Bachelor's Master's Ph.D
Months
Average Time to New Job by Education Level
Q32019
Q32019
Q32019
Q32019
Q32018
Q32018
Q32018
Q32018
10. 10
Age Group
Executive Employment Trends
Q3 2019
10%
35%
45%
10%
Survey Sample:
Age Range
31-40
41-50
51-60
61+
3.9
4.6
4.5
3.8
4.4
4.8
6.0
5.8
1
2
3
4
5
6
31-40 41-50 51-60 61+
Months
Average Time to New Job by Age Range
Q32019
Q32019
Q32019
Q32019
Q32018
Q32018
Q32018
Q32018
11. 11
CHOOSE BPI GROUP TO
MOVE YOUR PEOPLE
AND ORGANIZATION
>>> FORWARD Interested in learning more? Connect with us at +1.312.334.3828
BPI group offers a local boutique touch with a global network of resources to
ensure long-term career success for our Executive Transition Services clients. In
addition to job search coaching, clients may also choose to focus on
entrepreneurial ventures, prepare for retirement, or pursue other work
alternatives. Each client works with a personal career coach to develop a
customized transition plan helping them to:
Focus – Clarify long-term dreams and goals by identifying the executive’s
personal brand and developing a plan to take it to market.
Learn – Guide the executive to become his/her own best coach by
exploring opportunities for personal and professional development to
improve and hone his/her marketability.
Search – Find the next opportunity that’s right for the executive’s career
path by tapping into our seasoned advice and customized content.
Connect – Take advantage of BPI group’s hands-on, interactive tools to
make connections through social media and face-to-face networking
opportunities.
Succeed – Once the executive lands, his/her expert career consultant will
help with the transition and build a plan for long-term success.
About Executive Transition Services
12. 12
We are the global leadership, talent & transition experts,
helping simplify the complex relationship between an
organization and its people so both can achieve new heights.
Lead
We help drive powerful results with strong leaders and teams.
Develop
We inspire peak performance from your talent.
Transition
We help people and organizations optimize change.
Connect with us at www.bpi-group.us to learn more.
Transforming people and
organizations in extraordinary ways
About BPI group