Despite the improving employment market, there are still a lot of unhappy executives out there. According to a recent survey of 147 employed executives by ExecuNet (executive job search and employment network), "67% are not satisfied with their current jobs – up from 55% in July 2005 – and of those who are not satisfied, 78% plan to change companies in the next six months."
What's up with that? I thought executives called the shots. Why are they so unhappy?
The survey gave five main reasons:
- Poor company culture
- Limited opportunity for advancement
- Lack of challenge or personal growth
- Compensation (not high enough? - come on!)
- Boss is not a good match
Dave Opton, founder of ExecuNet, summed it up this way: "Companies have neglected retention for too long and now that the competition for talent is heating up, many are responding with too little, too late."
The executives that responded to this survey had been on their jobs an average of 6 years and earned around $171,000. (I repeat - compensation not high enough? - come on!)
My response to this survey is mixed. If executives are unhappy with the company culture, why don't they try to change it? At their level, wouldn't they have some influence? As for not getting along with their boss, in what perfect world are they looking to live? This survey just goes to prove that executives share the same job satisfaction issues as the people they are trying to lead.