Thursday, July 17, 2008

Changing Jobs in 2008: It Pays to be Gray

ExecuNet, an interactive membership organization for effective career management, has just released their exclusive 16th Annual Executive Job Market Intelligence Report.

Innovation, agility and execution are the key watchwords for both the employee and employer. For year 2008, a growth of above 10% within the executive employment market is still expected by search firm and corporate human resource professionals, albeit at a slower pace with quite a lot of uncertainty.

Among the predicted high-growth industries for the year are:

  • High Tech + Defense/Aerospace
  • Healthcare
  • Business Services
  • Pharmaceutical/Medical/Biotech
  • Energy/Utilities

Executives of all ages expect large increases in their pay if they change jobs this year. Overall, executive pay is expected to increase by 6.2% in 2008. But average pay increases for executives who change jobs are expected to increase by well over 10%, regardless of the executive's age or experience.

The complete report is made available to all ExecuNet members, and you can also click here to download the 2008 Executive Job Market Intelligence Summary Report.


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