{"id":262,"date":"2006-08-29T10:41:04","date_gmt":"2006-08-29T15:41:04","guid":{"rendered":"http:\/\/selectmetrix.com\/blogs\/?p=262"},"modified":"2006-08-29T10:41:47","modified_gmt":"2006-08-29T15:41:47","slug":"job-hopping-amongst-executives","status":"publish","type":"post","link":"http:\/\/selectmetrix.com\/blogs\/2006\/08\/job-hopping-amongst-executives\/","title":{"rendered":"Job Hopping Amongst Executives"},"content":{"rendered":"

Job hopping gets much attention from companies when they are in hiring mode and rightly so. This business article<\/a> provides some interesting statistics in regards to upper-level management trends.<\/p>\n

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A total of 17,612 managers from chief executive officers to vice presidents changed jobs from January through July, more than twice<\/strong> the 7,251 during the same period in 2005, New York-based Liberum Research said in a study released Tuesday.<\/li>\n
Of the executive changes, 1,636 were CEOs, up 50 percent<\/strong> from 1,089 in the first seven months of 2005<\/li>\n
The pressure hasn’t been just on CEOs. Some 1,444 chief financial officers left their companies through July this year, up from 963 in the same period last year<\/li>\n<\/ul>\n<\/blockquote>\n
This trend is consistent in all areas of modern-day business. Career stability is certainly of value but the days of 6-10 year stays at a company are quickly fading. As we have written often, the younger generations are leveraging today’s technology to be consistently informed of other opportunities. They change jobs far more frequently than the boomers.<\/p>\n
One downside that rarely gets discussed – employees with long tenures at one company may not have the adaptability to respond to today’s quickly changing markets. Success in one company’s system often leads to a very specific skill set and a limited comfort zone. This fact must be considered when sourcing candidates. “Job hopping” may actually have a benefit in today’s market as long as success in the positions can be determined.<\/p>\n","protected":false},"excerpt":{"rendered":"
Job hopping gets much attention from companies when they are in hiring mode and rightly so. This business article provides some interesting statistics in regards to upper-level management trends. Did you know: A total of 17,612 managers from chief executive officers to vice presidents changed jobs from January through July, more than twice the 7,251 during the same period in 2005, New York-based Liberum Research said in a study released Tuesday. Of the executive changes, 1,636 were CEOs, up 50 percent from 1,089 in the first seven months of 2005 The pressure hasn’t been just on CEOs. Some 1,444 chief financial officers left their companies through July this year, up… Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[2,15,5],"tags":[],"class_list":["post-262","post","type-post","status-publish","format-standard","hentry","category-hiring","category-sourcing","category-trends"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5Oho-4e","jetpack-related-posts":[{"id":1647,"url":"http:\/\/selectmetrix.com\/blogs\/2008\/07\/outside-managers-running-hr\/","url_meta":{"origin":262,"position":0},"title":"Outside Managers Running HR","author":"Derrick Moe","date":"July 7, 2008","format":false,"excerpt":"Here is a trend I have not heard of - managers without human resources backgrounds being moved into HR Manager roles.\u00a0 From the Wall Street Journal online: Of the 15 large-company chief HR officer changes that consultant Brian Wilkerson has tracked in the past five years, about one-third have been\u2026","rel":"","context":"In "Hiring"","block_context":{"text":"Hiring","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":631,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/02\/the-underpaid-ceo\/","url_meta":{"origin":262,"position":1},"title":"The Underpaid CEO","author":"Derrick Moe","date":"February 3, 2007","format":false,"excerpt":"I am all for people making as much as they can in their careers which is why I do not understand the emotional attachment to CEO pay. 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I emphasized the stats. 25% to 66% is a remarkable\u2026","rel":"","context":"In "Hiring"","block_context":{"text":"Hiring","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":345,"url":"http:\/\/selectmetrix.com\/blogs\/2006\/10\/pay-for-performance\/","url_meta":{"origin":262,"position":3},"title":"Pay for Performance","author":"Lee Fratzke","date":"October 6, 2006","format":false,"excerpt":"At Select Metrix, we constantly preach that compensation plans should be, in part, tied to an individual's performance. So when I was reading through my newsletters and RSS feeds, I was amazed to find stats from several different articles and feeds. First off, CEO turnover is up. The numbers show\u2026","rel":"","context":"In "Compensation"","block_context":{"text":"Compensation","link":"http:\/\/selectmetrix.com\/blogs\/category\/compensation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1452,"url":"http:\/\/selectmetrix.com\/blogs\/2008\/03\/ceos-are-not-overpaid\/","url_meta":{"origin":262,"position":4},"title":"CEO’s Are Not Overpaid","author":"Derrick Moe","date":"March 4, 2008","format":false,"excerpt":"How is that for a title?\u00a0 Before I get flamed on this topic, let me pull some excerpts from a Human Resource Executive Online article (emphasis mine): A recent study conducted by DolmatConnell & Partners debunks the myth of runaway executive pay. The findings of the study tell a much\u2026","rel":"","context":"In "Compensation"","block_context":{"text":"Compensation","link":"http:\/\/selectmetrix.com\/blogs\/category\/compensation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1280,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/11\/worklife-balance-has-reached-executives\/","url_meta":{"origin":262,"position":5},"title":"Work\/Life Balance Has Reached Executives","author":"Derrick Moe","date":"November 9, 2007","format":false,"excerpt":"BusinessWeek.com offers up a good summation of today's hiring market in terms of executive recruitment.\u00a0 We could have wrote this article - it describes exactly what we are encountering in a couple of executive searches. 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