Executive Level Turnover Slowing a Bit

An article this month in eWeek indicates that this year shows a slowing of turnover at "C-Level" compared to 2006, based on statistics compiled by a New York-based management research firm called Liberum on February 6. Compared to 12 months ago, overall executive level turnover declined 16% in January of this year, and for CEO's the drop was 20%. Boards of directors experienced less churn as well, at a 14% decrease. However, The report maintains that overall change at the top levels is still high. This is believed to be due to domestic and international companies competing for a limited talent pool, Sarbanes-Oxley impacts, and shareholder activism. Overall, 2,240 C-level moves occurred in the first month of this year.

So, while turnover is down a bit, there certainly seems to be plenty of potential for top executives to make major career moves this year. This is corroborated by continued increases in overall payroll employment of 1.8 million in 2006 (Bureau of Labor Statistics) and the fact that employers are expected to become more competitive in both recruitment and retention this year according to statistics from a survey by Harris Interactive reported by Matt Ferguson, CEO of CareerBuilder.com.

I continue to advise my executive resume clients to keep their documents polished and ready to respond at a moment's notice. You never know when that phone call with once-in-a-lifetime opportunity may come in!

IT Executive Gender Gap Reversal

An article featured on eWeek.com for January 24 reports some interesting findings on salaries in the IT field, particularly with relation to Information Technology executives.

The long-standing gender gap favoring male workers in the IT field, similar to across-the-board differences in the work force, continues. However, it seems that the pendulum is swinging in the other direction among executive-level IT professionals, according to a results of survey conducted by DICE.com, a well-known IT and engineering careers website.

While women IT workers on average earned 9.7% less than men in 2006, female IT executives including CEOs, CIOs, CTOs, vice presidents, and directors earned on average 1.4% more than their male counterparts, at an average salary of $109,912. In particular demand (based on the higher salaries reported) seem to be those with expert knowledge in ERP (enterprise resource planning), Sarbanes-Oxley compliance, and CRM (customer relationship management).

The highest salaries for IT professionals from entry level to executive (male or female) were reported in Silicon Valley, Boston, New York, and Baltimore/Washington, D.C., with San Diego, Los Angeles, and Seattle also showing strength.