Laid-off executives bounce back
- July 26, 2010
High-level, laid-off executives are finding comparable or better positions even in an uncertain economy, says a recent study.
Right Management, the Fairfax-based talent and career management arm within Manpower, studied data on nearly 600 senior-level executives who tapped into their career transition services and found new jobs during the first half of 2010. The group included people with titles including general manager, to director, vice president, senior vice president and CEO.
Among 67 executives in the mid-Atlantic, 70 percent found comparable or better positions compared with a national average of 72 percent. Generally, the study said compensation was equal to what they had earned in their former position.
“Our findings suggest that most top-level executives are bouncing back from job loss despite uncertain economic indicators,” Katherine Ponds, a senior vice president for Right Management, said in a statement. “These individuals at the middle-to -upper corporate levels are likely filling positions creating as a result of changes in business strategy.”
The survey also revealed that about 57 percent of the executives found new opportunities through networking.