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Executive Monitor
- 1. EXECUTIVE MONITOR understanding the perception, behaviour and intention of executives in Australia Phillip Tusing 2nd March, 2010 Melbourne
- 2. portrait of an executive education remuneration job search employment
- 3. Master's , 47.5% Bachelor's, 31.6% Diploma/Certi ficate, 13.7% High School, 4.7% PHD, 2.1% No Formal Edu, 0.5% Well Qualified/Educated
- 4. higher education, higher income? Qualification < $100K $100-150K $250-300K >$500K PHD/Doctorate Degree 0% 3% 5% 0% Master's Degree/Post Grad 34% 44% 59% 67% Bachelor's Degree 39% 32% 23% 20% Diploma/Certificate 20% 15% 10% 7% High School 8% 5% 3% 7% No Formal Education 1% 1% 0% 0%
- 5. education is important to further career
- 6. barriers to further study Lack of Time 63.5% Financial 22.0% Burden/Costs Duration of the 6.0% Course Lack of Support by 5.1% Employer Location of 2.5% Education Provider Lack of Support by 1.0% Family
- 7. salary range < 100,000 15.0% 100,001 ‐ 150,000 38.0% 150,001 ‐ 200,000 22.2% 200,001 ‐ 250,000 12.2% 250,001 ‐ 300,000 5.9% 300,001 ‐ 350,000 2.7% 350,001 ‐ 400,000 1.4% 400,001 ‐ 500,000 1.5% 500,001 + 1.1%
- 8. executives are highly aware of salary/worth Don't know 8% Above market rate 17% Current market rate 45% Below market rate 30%
- 10. more dissatisfied with perks than base salary 39.5% 28.8% 23.4% 25.3% 22.2% 27.8% 6.5% 9.9% 5.0% 5.3% 5.2% 1.3% Very Satisfied Satisfied Neutral Dissatisfied Very Not Applicable Dissatisfied Salary (Base + Super) Perk & Benefits
- 11. ideal salary structure Super 35% want 10-20% 13% Base Salary 74% Perks & Benefits 13% 9.8% want 20-30% 3% want 100%
- 12. Annual Bonus 12.3% Additional Leave / Vacation 8.5% Equity / Share Option 8.3% Flexi Time 8.1% Higher Super Contribution 8.0% Company Car 7.0% Profit Sharing 6.8% Health Benefits Laptop / Mobile Phone 6.8% 6.6% FAVOURITE Salary Sacrifice Educational Assistance 6.1% 5.1% perks & benefits Professional Memberships 3.9% First/Business Class Air Travel 2.8% Termination Provisions 2.7% … Private School Fees for 2.7% Golden Parachute Provisions 2.1% Loans (Home & investment) 2.0% Legal Services 0.3%
- 13. How often do Executives want a pay rise? Every 1 yr (87%) Every 2 yrs (7%) Every 6 months (6%) Every 3 yrs (1%)
- 14. want more with new employer 8% >26 2% 10% 21‐25 2% 24% 16‐20 5% 29% 11‐15 18% 22% 6‐10 54% 7% 0‐5 19% % increase New Employer Current Employer
- 15. Performance Review 53% Changed Employer 20% Internal Promotion 13% Internal Movement 9% (Change Departments) Company Restructure 3% Completion of 1% Study/Training what triggers a Pay Rise?
- 16. salary disparity: How female/male get their pay rise Male Female 55.7% Performance Review 46.4% 18.6% Changed Employer 23.6% 13.5% Internal Promotion 12.8% Internal movement 8.7% (change department) 11.3% 3.0% Company Restructure 4.4% Completion of 0.5% Study/Training 1.5%
- 17. remuneration is a strong motivator in doing my job effectively 51% 17% 17% 11% 3% Agree Neutral Strongly Disagree Strongly Agree Disagree
- 18. salary is important in choosing employer: 79% 43% 36% 20% 1% 1% Very Important Important Somewhat Not Important No Opinion Important
- 19. what triggers a job search 30% 23% 19% 15% 8% 5% Location Personal and Company Lifestyle Career Financial Considerations Family Consideration (e.g. Consideration (e.g. Considerations Considerations (e.g. want to move Considerations you do not like you want more (e.g. you want to (e.g. want more overseas) (e.g. marriage, your current work/life balance) change industry) pay) health issues) workplace)
- 20. • Generalist Job Boards • Niche Job Boards • Association Job boards • Online forums • Podcast • Association newsletters • Video Resume • Job Aggregators • SMS • Internet Classifieds • Widgets • Search Engines • RSS • Blogs • MySpace • Communities • Flickr • Social Networks • Facebook • Mailing List s • Twitter • Print • Job Boards • Forums • Radio /Podcast • Print Media • Mobile Phones • Web Portals • Personal Networks • Website • Recruitment Firms • Staffing Agencies • LinkedIn • Referral Networks 2000 2010
- 21. effective channels to find a job Recruitment/Search Firms 23.2% Personal Contacts/Network 22.3% Referrals (Someone referred you) 15.6% Internal Promotion 8.0% Job Boards (Generalist) 7.7% Print Media/Newspapers 7.2% Other 4.7% Job Boards (Niche/Specialist) 3.9% Employer Website 3.2% Cold Calling 1.1% Social Networking Sites (e.g. 0.8% … Alumni & Professional Associations 0.8% Job/Career Fairs 0.7% Headhunted (approached by 0.4% … Social Media (e.g blogs) 0.4%
- 22. ever found a job through a recruitment firm? No, 36% Yes, 64%
- 23. view on recruitment firms No Opinion 1% Very Favourable Mainly 4% Unfavourable 14% Mainly Favourable 32% Very Unfavourable 19% Neutral 30%
- 24. 46% 21% 20% 8% 4% Agree Strongly Agree Neutral Disagree Strongly Disagree will use JOB BOARDS in the next 12 months for finding jobs?
- 25. Use social media? View on Social Media. Very No Opinion, Favourable, 5% Mainly 6% Unfavourable, 7% Maybe, 28% No, 37% Neutral, Unfavourable, 39% 15% Yes, 35% Mainly Favourable, 29%
- 26. executive work tenure shorter than national average 25% Executive Monitor ABS National 23% 22% 17% 17% 15% 16% 13% 14% 12% 11% 9% 5% 2% 20+ yrs 10‐20 yrs 5‐10 yrs 2‐3 yrs 3‐5 yrs 1‐2 yrs 0‐1 yrs
- 27. 8 employers on average executives worked for 8 employers since joining the workforce
- 28. satisfaction with current employer 38% 24% 17% 13% 7% Satisfied Neutral Dissatisfied Very Satisfied Very Dissatisfied
- 29. 77% Ready to Leave? 40% 37% 15% 5% 4% Agree Strongly Agree Neutral Strongly Disagree Disagree
- 30. Work‐Life Balance 25% Company Culture & Reputation 21% Career Path 17% Generous Base Salary 17% Recognition 8% Learning & Development 8% Bonuses & Perks 3% Company Benefits 2% what do you value in an employer?
- 31. confident to jump and find a job within One month 16% Three months 44% Six months 27% Twelve months 8% Not confident 6%
- 32. overseas locally Maybe, Maybe, 30% 36% Yes , 43% Yes , 48% No, 21% No, 22% majority willing to relocate
- 33. brand me thinks ‘personal branding’ is important
- 37. Image Credit Slide 2: http://www.flickr.com/photos/stephenpoff/2968643074/sizes/l/ Slide 3: http://www.flickr.com/photos/cryptic_star/3443110610/sizes/l/ Slide 5: http://www.flickr.com/photos/troyholden/4114564467/sizes/l/ Slide 6: http://www.flickr.com/photos/moriza/96724309/sizes/o/ Slide 19: http://flickr.com/photos/practicalowl/314989744/sizes/l/ Slide 21: http://www.flickr.com/photos/nevenka/2771333038/sizes/l/ Slide 23: http://www.flickr.com/photos/danzen/432388521/sizes/o/ Slide 27: http://www.flickr.com/photos/eschipul/3569072694/ Slide 28 : http://www.flickr.com/photos/eddus/102239677/sizes/l/in/set‐72057594105107468/ Slide 29: http://www.flickr.com/photos/danielgreene/523681672/ Slide 30: Slide 31: http://www.flickr.com/photos/yinto/3213182939/sizes/l/ Slide 34: http://www.flickr.com/photos/stephenpoff/2968643074/sizes/l/ www: destinationtalent.com.au email: phillip(dot)tusing@destinationtalent.com.au phone: 0402 416 767 or 9212 0702 blog: destinationtalent.com.au/blog skype: phillip.tusing twitter: philliptusing ©