Why Executives Look Elsewhere
The end of the calendar year is a common time for career introspection.
A common question people ask themselves about their career when reflecting this time of year is, “Should I stay or move on?”
First of all, let me say if you really want to explore this question, do so with an executive-level career strategist. They’ve guided thousands of executives through this conversation and can greatly increase your chances of coming to a decision that will have you feeling happy in the short- and long-term.
There are many key factors which come into consideration: compensation, company growth, cultural alignment, leadership team dynamics, external market factors, and CEO/Board confidence, just to name some. Of course, personal circumstances may have changed to allow or require a change in professional circumstances, and this sometimes trumps all other reasons.
There’s a lot to consider and talk through. Here’s a quick list to start.
Why Executives Look Elsewhere
Compensation Misalignment: Recent research by Korn Ferry indicates CEO compensation has leveled off, with bonuses and equity incentives stagnating or declining — common to consider moving on when not making more than a few years ago.
Sluggish Company Growth: When an organization’s trajectory flattens, executives can feel trapped in roles that no longer challenge or excite them.
Organizational Health: Misaligned cultural values or friction within the leadership team can make remaining in place untenable.
External Market Factors: According to Korn Ferry, firms are sitting on a record $3.8 trillion in cash, poised for significant dealmaking post-election. A surge in mergers and acquisitions (M&A) raises questions about potential layoffs or hiring, adding uncertainty to an executive’s future within their current organization.
Leadership Confidence: A lack of trust or vision from the CEO or Board of Directors can stall an executive’s upward mobility and personal growth.
Personal Circumstances: Changes in an executive’s family situation could cause an interest in moving in a different direction professionally.
Should I stay or is it time to move on?
Ponder this list to get started. The results often produce a moment of reckoning where the answer becomes clear, and if you’d like some help working through it, reach out. We can help you.
By partnering with a skilled strategist, executives can shift the job search from an intimidating process to a rewarding journey. With preparation, support, and a focus on the long-term vision, the right opportunity can become a reality.
Supercharge your job search with the knowledge of our executive career industry insiders. They are former CEOs or recruiters who share specific strategies that are working today to fast-track landing your ideal next role.
Reach out, and we'll discuss how we can help you in more detail: [email protected]
Founder & CEO of ExecuNet
2 个月If this is a question you have been asking yourself, these questions will help you make the decision for the right reasons.