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MIS/IT and Sales Executives Among the Least Satisfied At Work
www.execunet.com — June 17, 2008 — Facing increasing competition for leadership talent, America's companies are investing in new efforts to retain their executives, however, the results of these initiatives are decidedly mixed, according to a recent survey conducted by ExecuNet, the executive business, career, and recruiting network.
While the survey of 1,597 employed executives with an average annual salary of more than $206,000 reveals that 61% are satisfied or very satisfied with their current job, professional fulfillment varies significantly by function, with MIS/IT and Sales executives the most likely to be unhappy.
Profession
Percentage of Executives Satisfied With Current Job
CFO/Comptroller
68%
HR
65%
Marketing
63%
General Management
61%
Sales
54%
MIS/IT
53%
Source: ExecuNet 2008
"The increase in overall job satisfaction from 52% last year is particularly striking when you take into consideration the demands and challenges executives have faced over the past year," said Dave Opton, CEO and Founder of ExecuNet. "Clearly, sustained job growth at the top of the employment market has many companies rethinking their approach to executive retention."
Among the 39% of corporate leaders who are dissatisfied with their current job, most cite boredom and lack of advancement opportunities for their malaise.
Top Five Reasons Executives Are Unhappy At Work
Limited advancement opportunities (12.8%)
Lack of challenge/personal growth (12.3%)
Compensation (11.7%)
Stress Level (7.7%)
Job Security (7.7%)
"While stress and job security concerns are mounting, boredom and a shortage of opportunities for advancement remain key drivers of voluntary executive turnover," explained Mark Anderson, President of ExecuNet. "Given the current outlook for the executive employment market, companies capable of keeping their leaders engaged will be well positioned for strong growth."
Founded in 1988, ExecuNet brings C-level executives together online and in face-to-face meetings to discuss business challenges, solutions and professional opportunities. A recognized authority in executive recruiting and human capital, ExecuNet also provides members access to confidential six-figure job listings, proprietary research, and pragmatic advice. For more information, visit www.execunet.com.
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