bpi group executive employment trends q1 2015
TRANSCRIPT
![Page 1: BPI group Executive Employment Trends Q1 2015](https://reader038.vdocument.in/reader038/viewer/2022100513/5874e3621a28abd05f8b82e3/html5/thumbnails/1.jpg)
Executive Employment Trends
Q1 2015
![Page 2: BPI group Executive Employment Trends Q1 2015](https://reader038.vdocument.in/reader038/viewer/2022100513/5874e3621a28abd05f8b82e3/html5/thumbnails/2.jpg)
2 © BPI group
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 2013 through Q1 2015.
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 or connect with
your local BPI group office.
EXECUTIVE EMPLOYMENT TRENDS REPORT
![Page 3: BPI group Executive Employment Trends Q1 2015](https://reader038.vdocument.in/reader038/viewer/2022100513/5874e3621a28abd05f8b82e3/html5/thumbnails/3.jpg)
3 © BPI group
REFLECTIONS ON EXECUTIVE EMPLOYMENT TRENDS IN Q1 2015
Patricia Siderius
Managing Director, Executive Outplacement Services
[email protected], +1.630.613-6373
The first quarter of 2015 ended on a strong note. While it took our executives slightly longer to land new
jobs from last quarter—4.3 months compared to 4.1 months in Q4 2014—a record 60% of them reported
greater compensation for their new positions.
Once again, a significant proportion of the executives, 17% of those surveyed, decided to start their own
business. In Q1 of 2015, for the first time ever, none of the executives surveyed decided to retire. This is
unusual considering that this group trended a little more senior than previous cohorts, with the largest
proportion of executives falling in the 51-60 age range. As professionals stay in the workforce longer due to
longer life expectancy and the financial difficulties of retiring in a struggling economy, they are also adapting
to a job environment where frequent career shifts have become the norm.
Related to this subject of career shifts and fluctuating job tenure,
I recently had the opportunity to speak with Fortune magazine about
the stigma some job seekers face for having spent “too much” time at
one company. Click here to read how you can actually use this
long tenure to your advantage while interviewing for a new position.
Feel free to contact me with your thoughts and questions. I look
forward to hearing from you.
![Page 4: BPI group Executive Employment Trends Q1 2015](https://reader038.vdocument.in/reader038/viewer/2022100513/5874e3621a28abd05f8b82e3/html5/thumbnails/4.jpg)
4 © BPI group
About the executives:
This report is based on survey responses
from a sample of BPI group’s executive
outplacement clients, representing:
– 54 executives, comprising 38 men and
16 women
– 15 states
– 29 companies
All executives surveyed began and
completed their career transition with BPI
group between Q4 2013 and Q1 2015.
ABOUT OUR EXECUTIVE OUTPLACEMENT CLIENTS
Accounting/Finance/Insurance 11%
Business/Strategic Management 7%
Food Services/Hospitality 9%
Human Resources 11%
IT/Software Development 19%
Legal 6%
Manufacturing/Production/Operations 15%
Marketing/Product 13%
Sales/Retail/Business Development 7%
Other 2%
Executive respondents represent a
diverse array of occupations:
![Page 5: BPI group Executive Employment Trends Q1 2015](https://reader038.vdocument.in/reader038/viewer/2022100513/5874e3621a28abd05f8b82e3/html5/thumbnails/5.jpg)
5 © BPI group
EXECUTIVE OUTPLACEMENT PROGRAM OUTCOME
While most of our executive
clients chose to seek a new job
within an organization, 17%
decided to start their own
business.
83%
17%
Executive Outplacement Program Outcome
Landed NewEmployment
Starting OwnBusiness
![Page 6: BPI group Executive Employment Trends Q1 2015](https://reader038.vdocument.in/reader038/viewer/2022100513/5874e3621a28abd05f8b82e3/html5/thumbnails/6.jpg)
6 © BPI group
Executives spent an average of 4.3 months in the job search – slightly more time
than the Q4 2014 average of 4.1 months. This was significantly less time than the
national average of 7.5 months in Q1 2015, as reported by the Bureau of Labor
Statistics, the same job search length reported in the previous quarter.
EXECUTIVE EMPLOYMENT TREND: LENGTH OF JOB SEARCH
Salary at the new job:
• 60% rated the compensation
at their new job as Better
than that of their previous job
• 33% rated the compensation
at their new job as the Same
as that of their previous job
• 7% rated the compensation
at their new job as Less than
that of their previous job
71%
24%
5%
How Executives Found their New Job
Networking
Search Firm
Internet
![Page 7: BPI group Executive Employment Trends Q1 2015](https://reader038.vdocument.in/reader038/viewer/2022100513/5874e3621a28abd05f8b82e3/html5/thumbnails/7.jpg)
7 © BPI group
EXECUTIVE EMPLOYMENT TREND: BASE SALARY
Key Takeaway: Executives in the $150,000-$250,000 base salary range, comprising the majority of
the survey sample, took the most amount of time to land a new job, in an average of 4.6 months.
Those surveyed in the $75,000-$150,000 salary range, representing 15% of the sample, landed in an
average of 3.1 months.
15%
68%
17%
Survey Sample: Base Salary Range
$75,000 -$150,000
$150,000 -$250,000
$250,000+
0
0.5
1
1.5
2
2.5
3
3.5
4
4.5
5
$75,000 - $150,000 $150,000 -$250,000
$250,000+
Mo
nth
s
Average Time to New Job by Base Salary Range
![Page 8: BPI group Executive Employment Trends Q1 2015](https://reader038.vdocument.in/reader038/viewer/2022100513/5874e3621a28abd05f8b82e3/html5/thumbnails/8.jpg)
8 © BPI group
EXECUTIVE EMPLOYMENT TREND: EDUCATION LEVEL
Key Takeaway: This quarter, we observed that executives with either a Bachelor’s or Master’s degree,
who make up 92% of the overall sample, landed in a combined average of 4.4 months. Those with a
Bachelor’s degree, comprising the majority of those surveyed, landed in an average of 4.2 months. Last
quarter, executives with a Bachelor’s degree took the least time to land—an average of 3.6 months—
while those with a Master’s degree landed in an average of 4.1 months.
6%
44%48%
2%
Survey Sample: Education Level
SomeCollege
Bachelor's
Master's
Ph.D
0
0.5
1
1.5
2
2.5
3
3.5
4
4.5
5
Some College Bachelor's Master's
Mo
nth
s
Average Time to New Job by Education Level
![Page 9: BPI group Executive Employment Trends Q1 2015](https://reader038.vdocument.in/reader038/viewer/2022100513/5874e3621a28abd05f8b82e3/html5/thumbnails/9.jpg)
9 © BPI group
EXECUTIVE EMPLOYMENT TREND: AGE GROUP
Key Takeaway: The largest proportion of those surveyed for this report were in the 51-60 age range,
the first time since Q4 2013 in which this age group, and not those in the 41-50 age range, made up the
majority of the sample. Executives in this 51-60 age range also took the most time in their job search, an
average of 4.8 months, compared to an average of 4.5 months in Q4 2014. In contrast, those in the 41-
50 took an average of 4.6 months to land in the Q4 2014 report, whereas those surveyed this quarter
took less time to land, an average of 4 months.
11%
39%46%
4%
Survey Sample: Age Range
31-40
41-50
51-60
61+1.5
2
2.5
3
3.5
4
4.5
5
31-40 41-50 51-60 61+
Mo
nth
s
Average Time to New Job by Age Range
![Page 10: BPI group Executive Employment Trends Q1 2015](https://reader038.vdocument.in/reader038/viewer/2022100513/5874e3621a28abd05f8b82e3/html5/thumbnails/10.jpg)
10 © BPI group
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 or connect with your local BPI group office.
ABOUT EXECUTIVE OUTPLACEMENT SERVICES
… I am excited and eternally grateful for the time you (and
everyone at BPI group) took to help me in my search over
the past year. I feel it was a critical piece in my getting this
job and I cannot thank you enough.
- Tim, landed as Chief Advisor to the Board of Trustees
at a major education institution
Losing my job after 12 years with a company was a
confidence shattering experience. Patricia and her team
worked with me to build back my confidence and to help
me understand what I truly want at the next step in my
career. Job searching in today's market is extremely
different than 10 years ago and BPI gave me the
expertise to make a difference and stand out among
other candidates.
- Sandra, landed as Vice President of Operations
with a publicly traded manufacturing company
![Page 11: BPI group Executive Employment Trends Q1 2015](https://reader038.vdocument.in/reader038/viewer/2022100513/5874e3621a28abd05f8b82e3/html5/thumbnails/11.jpg)
11 © 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.
ABOUT BPI GROUP