Top Management Unhappy, Preparing to Leave
July 13th, 2007Management Issues has reported that a study by recruitment firm ExecuNet found job satisfaction levels among America’s top managers were “dangerously low.”
The poll of 2,149 executives, all with an average salary of $221,000, found that nearly half – 48 per cent – were either not satisfied or “somewhat unsatisfied” with their current job.
More than half of these unhappy managers were preparing to leave their company within the next 12 months.
“Given the pace at which companies are hiring executive-level talent this year, disgruntled executives won’t have to look far in search of greener pastures,” said ExecuNet chief executive Dave Opton.
General managers, marketing and sales professionals are all increasingly dissatified, and IT managers are the most unhappy of all.
Why so unhappy? Limited opportunities for advancement, lack of challenge and personal growth, differences with the company culture, bosses not being a good match, and lack of adequate compensation.
HR is on to the problem. Three-quarters of the HR executives also polled were concerned about retention and two thirds believed their company was working harder to retain executive talent than a year ago. Nearly three out of four believed that the war for executive talent had become more intense over the last year.
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