Search Firm: Burned-Out Executives May Leave When Economy Recovers

Norwalk, Conn. — June 7

Executive search firm ExecuNet conducted a survey of 153 executive recruiters and found that 57 percent of executive recruiters’ rate executive workloads very high and an additional 25 percent say they’re the highest they’ve ever seen.

The survey also found that 53 percent believe executives’ current workloads are unsustainable and that employers will feel significant repercussions because they’ve stretched management leaders too thin for too long.

“What’s clear and convincing from our research is that employers have been under somewhat unprecedented pressures over the past four years, and it may be their executives who are feeling that most acutely,” said Mark M. Anderson, president and chief economist of ExecuNet. “For this reason, companies should look for ways to retain executives and keep them engaged in the short-term while also determining how they can help bring relief to executives who’ve been shouldering too much for too long.”

“When the economy improves and finds its way toward sustainable management hiring, we expect many executives will be eager to seek out new career options, including those that would provide more balance between their work and personal lives,” Anderson added.

The results of ExecuNet’s recently released Executive Job Market Intelligence Report revealed that 55 percent of executive recruiters report that companies are increasing salaries, bonuses and counteroffers to retain executive talent, and 80 percent of CEOs said their organization will work harder to retain its best talent in 2012, up from 68 percent in 2011.

Source: ExecuNet