Senior executives hope for career move but expect pay freeze

While most executives hope to make a career move, more than half expect their compensation levels to be maintained, according to the ‘BlueSteps 2011 Mid-Year Outlook Report’.

While most executives hope to make a career move, more than half expect their compensation levels to be maintained, according to the ‘BlueSteps 2011 Mid-Year Outlook Report’.

The report reveals that 65% anticipate making a sideways move and remaining at their current level for the next three to five years.

This survey is in contrast with January’s report where a small majority (55%) expected their compensation level to increase.

However 82% are planning to look for a new opportunity and have no concerns about making a career move.

Peter Felix, president of the Association of Executive Search Consultants and BlueSteps, says: “It is reassuring to see confidence levels rebounding quickly after the economic crisis, although most senior executives in our survey look to gain further experience at their current level rather than seeking an upward move.

“With jobseekers now focusing their efforts on networking to achieve career success, a polished ‘elevator pitch’ and on-point branding statement will be essential tools for success when connecting with executive recruiters. With this level of competition, standing out from the crowd will be key.”

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