Key Executive Turnover

By Hal Bent, Senior Director of Communications


Recently, a press release by a major national executive job board entitled Companies Not Doing Enough To Retain Key Executives As Employment Market Tightens highlighted some information that is relevant not only to job-seekers, but of extreme importance to company executives.

According to the survey:

of 102 employed executives with an average salary of $192,000, 73% are somewhat unsatisfied or not satisfied with their current job

Of most importance:

Of those who report being not satisfied at work, 87 percent say they are planning to leave their company within the next six months.

In essence, almost three-quarters of top-level executives polled are in some way dissatisfied with their current position and almost 90% of those plainly dissatisfied are planning to leave the company soon. For management and those with a stake in the company, this has to be sobering news. How can they be sure that everyone in their inner circle is staying put? Are they prepared to replace an unexpected departure within the next six months? Do they have a human capital contingency plan in place?

Since its inception in 2002, HiProFile has established selected relationships with organizations throughout New England needing to fill positions at the $80–300K base salary level. Unlike outplacement firms or “headhunters,” HiProFile establishes cost-effective on-going relationships and carefully recruits Member Companies to preserve its “boutique” status. In other words, the firm maintains a “by invitation only” policy regarding client companies based on strict non-compete and non-solicitation agreements.

Additional questions or information requests should be directed to Hal Bent, Senior Director of Communications (hbent@hpfjobs.com).

HiProFile LLC ● 125 Summer Street ● Boston, MA 02110 ● 617-345-0007 ● http://www.hiprofilellc.com/