SRA Update
Sanford Rose Associates - Philadelphia
June 2010
"Finding People Who Make a Difference"
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More Workers Quit as Job Market Improves
In a recent Wall Street Journal article reporter Joe Light examines the ramifications of churn in the executive and professional employment market. For example, in February the number of employees quitting surpassed the number being fired or let go for the first time since October 2008. The research is fairly alarming," says Michael Haid, senior vice president of
global solutions for Right Management. "The churn for companies could be very
costly."
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CEO DEPARTURES
Turnover among the nation's chief executive
officers declined for the second consecutive month in April, as 101 CEOs
announced their departures during the month -- 15 percent fewer than the 119
departures in March, according to the latest report on CEO turnover by global
outplacement consultancy Challenger, Gray &
Christmas, Inc. Despite the decline, the April total was 29.5 percent higher
than the 78 chief executive changes recorded in April 2009. For the year, 441
CEOs have left their posts, an increase of 14 percent over 2009. Retirements and resignations are the most common reasons for departures in 2010,
with each cited 125 times. "We have entered what is expected to be a volatile
period for CEO turnover. Companies are making the transition from recession to
recovery, and with that usually comes a transition in leadership," said John A.
Challenger, CEO. "Not every CEO will leave under pressure from their boards or
shareholders. Many simply recognize that they have taken their organization as
far as they can or want to and willingly relinquish their leadership role. We
just happen to be at a natural crossroads for these types of changes to occur
with more frequency."
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Use Your Head to Get Your Foot in the Door
If, like me, you love Harvey Mackay you'll be happy to know he has a new book on job hunting. Use Your Head to Get Your Foot in the Door, the five-time bestselling author and top speaker, offers a career resource guide filled with time-tested guidance for all career stages. Mackay says, "Modern career management means a lifetime job search," and in his book he provides expert insights on a multitude of topics commonly experienced during one's professional life. His book shows readers how to:
Build, expand and energize a powerful network
Overcome rejection
Have a successful job interview
Explain career lapses
Understand what recruiters and HR are really looking for
Blend high-tech with face-to-face relationships
Build a strategy to transition from one job to the next
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Harvard Business Review Management Tip of the Day
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