Friday, February 22, 2019 by Bailey
As advisors to both clients on the acquisition of talent and talent on career guidance, B&B is constantly measuring the stimuli for why career professionals seek and the reasons why accepting new employment. We call it the "Push Factor" and the "Pull Factor". To measure current trends, we recently looked at the last 100 hundred senior staff to executive level talent that B&B placed in accounting, banking, customer support, engineering, general management, human resources, IT, manufacturing, marketing, sales, and supply chain. Compensation packages ranged from $75,000 to $1+ million.
Primary reason motivating the reason to change employment:
#1 Not challenged enough in current setting; wanted a more impactful role to develop and showcase skills and abilities (43%)
#2 Wanted to be aligned with a company with a brighter future and more committed to growth (28%)
#3 Sought a company with better culture and leadership (17%)
Noteworthy was that 5% wanted to be closer to home, 4% were unemployed or underemployed, 2% want to gain global experience and 1% listed compensation as #1 driver.
Primary reason for accepting new employment:
#1 Opportunity to contribute in a more meaningful role (35%)
#2 Identified with leadership and culture (24%)
#3 Felt business and/or business model was more aligned to their interests (22%)
#4 Upside potential was excellent (15%)