CHICAGO (Oct. 16, 2019) | BPI group, the global experts in leadership, talent, and career transition, today released its Executive Employment Trends Report Q3 2019, which offers visibility into the current executive job market. The report details executive hiring trends based on landing data collected on our Executive Transition Services (ETS) clients who completed their job search between Q4 of 2018 and Q3 of 2019.
One notable trend is that job searches are getting longer across all transitioning executives, regardless of age or salary level, with the 51+ age group taking longer to land than younger executives. Additional trends include:
- Companies are investing more in their senior executives because we’re seeing increases in base pay and variable compensation. Specifically, there was a 5% increase in salaries more than $250,000, and a 6% decrease in salaries of $75,000 to $150,000.
- In Q3 2019, 89% of our executive clients accepted new role withing an organization, compared to 93% last year. There was also a 4% increase in new business starts among our survey participants; this is the third quarter in a row that there has been a YOY rise in new business starts.
For more insights, view the Executive Employment Trends Report Q3 2019 here.