ceo census 2012 - stanton chase international finland
TRANSCRIPT
Stanton Chase Finland
CEO Census 2012
General overview
Stanton Chase International is one of the
world‘s leading executive search companies
with over 70 offices and more than 350
specialised consultants around the world.
In order to examine and analyse the top
level recruitment markets Stanton Chase
has completed surveys of C-level executives
in several countries around the globe,
Austria, Czech Republic, United Arab
Emirates to name a few, and now the same
was conducted in Finland too. Stanton
Chase carries out these C-level executive
surveys in order to examine the general
economic trends and the executive job
market
The survey was sent to over 700 executives
and responses were received from over 100
C-level executives. The survey consisted of
27 questions in four different categories;
general economic prospects, executive job
market and placement, company strategy
and general information of respondents. The
participants in the survey come from wide
range of industries; professional services,
industry, consumer goods, life sciences,
technology, public sector and financial
services. Majority of the respondents were in
the age group 40-55 and have been in a
management position for over 10 years.
Key results
The three most important findings of the
survey are:
1. Cautious optimism: Finland’s top
executives signalled good expectations
for the next 12 months. Large majority
have somewhat optimistic or optimistic
view on Finland’s economic prospects,
and two thirds expect it to be
sustainable. Hence the atmosphere
affecting investment and recruitment
decisions is cautiously optimistic.
2. High level of willingness to move
jobs: Over 80 per cent of respondents
are open to suggestions or actively
seeking new employment opportunities.
This is a significantly large number, and
the major reason in changing jobs for
C-level executives is dissatisfaction
with management. This result is in line
with other CEO surveys conducted by
Stanton Chase in other countries.
3. Unwillingness to relocate
internationally: Despite a globalizing
world, increasingly global markets and
international growth opportunities,
majority of respondents do not value
international relocation as major factor
when considering change in
employment. This is in line with findings
of Executive Search Consultants on the
field; top executives are often married
to highly educated spouses with
children – finding equal opportunities
for families when relocating
internationally is challenging.
Veryoptimistic
Optimistic
Somewhatoptimistic
Notoptimistic
0,0% 20,0% 40,0% 60,0%
1. How optimistic are you for the economic and business growth of Finland in the next 12 months?
67 %
33 %
2. Do you trust the economic recovery to be lasting?
Yes No
Majority of the respondents are
optimistic regarding Finland’s
economic prospects, but the
general view is cautious; there are
a lot of potential risks available.
Two thirds of C-level executives
believe the economic recovery will
be lasting. Hence the general
atmosphere is cautious sustainable
growth, not strong growth.
0% 20% 40% 60%
Veryoptimistic
Optimistic
Somewhatoptimistic
Not optimistic
3. How optimistic are you of your company's prospects in the next 12 months?
Consumer Products
Technology
Industrial
Financial Services
Life Sciences
Public Sector
Professional Services
0 % 20 % 40 % 60 % 80 % 100 %
4. Which market sectors do you think will offer career opportunities for top executives in Finland?
None Few Many Most
0% 10% 20% 30% 40% 50%
Consumer Products
Technology
Industrial
Financial Services
Life Sciences
Public Sector
Professional Services
5. Which market sectors do you expect to grow most during next year?
Virtually all executives are optimistic
of their own company’s prospects in
the near future. This is a positive sign
regarding for example recruitment
and investment decisions in the near
future.
In the near future technology,
professional services and life
sciences (including
healthcare) will provide most
opportunities for top
executives.
This is similar to previous answer,
technology and life sciences
(including healthcare) will display
the best growth rates next year.
18 %
23 %
19 %
10 %
6 % 5 %
19 %
6. Which market sector are you working in?
Consumer Products Technology Industrial
Financial Services Life Sciences Public Sector
Professional Services
General Management
HR
Sales
Marketing
Supply Chain
Production
Finance
IT
Other
0% 10% 20% 30% 40% 50% 60%
7. In which of the following functions do you believe there is shortage of skills?
0% 10% 20% 30% 40% 50% 60%
Sustaining / Increasing cash flow
Attracting talent
Business restructuring
Cost reduction
Employee retention
Employee dismissal
8. In your opinion what is the most important action in your company next year?
The spread of respondents covers all
industries rather well, majority working
technology and almost similar portions
in industrial, consumer products and
professional services.
Sales, general management and
IT skills are the most sought after
in executives’ labour market.
Increasing or sustaining
cash flow is the most
important action for
companies next year. Some
restructurings will also be
made.
0 % 20 % 40 % 60 % 80 % 100 %
Productivity management
Creativity management
Change management
Multicultural experience
Flexibility
Strong values
Mobility
9. What do you think organizations seek from their CEOs in order to stay competitive in the local & regional markets?
Indifferent Not Important Somewhat Important Very Important
0%
10%
20%
30%
40%
50%
60%
Better Worse Same
10. Compared to last year, would you describe the atmosphere in your company to be
0% 10% 20% 30% 40% 50% 60%
Very optimistic
Optimistic
Somewhat optimistic
Not opistimistic
Other
11. Please describe the current atmosphere in your company
Change management
experiences is the most
valued skill for CEO’s,
followed by flexibility and
creativity management.
Most companies report better
atmosphere in their companies
this year compared to last.
Majority of the companies have
optimistic or somewhat optimistic
atmosphere in their company
currently.
0%
10%
20%
30%
40%
50%
60%
Very content Content Discontent
12. Compared to last year, how content are you with your current job situation?
I'm usually searching new opportunities
I am open to suggestions
Not interested for the next 2 - 3 years
Interested in the longer term
Not interested at all
8,4%
72,9%
11,2%
5,6%
1,9%
13. How interested are you in new career opportunities?
Majority of the respondents are
content or very content with
their job situation at the
moment.
Despite the executives being
content with their job
opportunities, over 80% of them
are willing to leave their
companies in the near future.
This is one of the most significant
results of the survey.
0 % 10 % 20 % 30 % 40 % 50 % 60 % 70 % 80 % 90 % 100 %
Advancement opportunities
Challenge/ personal growth
Compensation & benefits package
Stress level
Job security
Level of managerial responsibility
Match with the boss
Fit with culture
Work-life balance
Level of autonomy/ independence
14. How important are the following factors in your job satisfaction?
Not Important Somewhat Important Very Important
0 % 10 % 20 % 30 % 40 % 50 % 60 % 70 % 80 % 90 %100 %
Lack of training & development
Lack of career opportunities
Dissatisfaction with management
Difficulty with shareholder cooperation
Inadequate salary & benefits
Poor financial performance of the company
Lack of work-life balance
Re-organization within the company
Responsibility without authority
Starting own company
15. What factors would lead you to consider changing employment?
Not important at all Not very important Neutral Important Very important
The most important factor in job satisfaction is challenge and personal growth, but also
autonomy, level of responsibility and match with management are very important factors in
executives’ job satisfaction.
Dissatisfaction with management is the biggest reason for executives to change or consider
changing employment, but salary level and lack of authority also affect this decision. This is
significant, when compared with willingness to change jobs; it seems majority of executives are
considering employment change due to bad management.
0 % 10 % 20 % 30 % 40 % 50 % 60 % 70 % 80 % 90 % 100 %
Increased compensation & benefits
Increased responsibility
Increased authority
International relocation
More entrepreneurial role
Increase industry experience
Increase functional experience
Change to a completely new career
16. Which would be the important factors for your to join a new employer?
Not important at all Not very important Neutral Important Very important
0% 10% 20% 30% 40% 50% 60% 70% 80% 90%
Networking
Executive Search Consultants
Recruiting agencies
Recruitment advertisements
Internet job boards
17. Which resources / strategies would you use to explore a change in your career?
Most important factors affecting employment change are increased responsibility and
compensation. The surprising result is that executives no longer are willing to relocate
internationally; though this seems to have been a trend in Finnish market recently.
Netoworking and Executive Search Consultants are the most important channels for career
change for top executives.
0% 10% 20% 30% 40% 50% 60%
Gain international experience
Develop technical and personal skills
Expand network
Develop a self-marketing plan
Other
18. What do you consider you need to develop in order to achieve your career goals?
0%
10%
20%
30%
40%
50%
60%
70%
0 - 2 years 2 -5 years 5 -10 years 10 or moreyears
19. How long have you been in a management position?
Expanding network is considered the most important area of development
for career goals. International experience is clearly not a top priority.
Majority of the respondents have
been in management position over
10 years, which merely confirms the
level of executives in the survey.
0%
5%
10%
15%
20%
25%
30%
35%
40%
0 - 2 years 2 - 5 years 5 - 10 years 10 - years
20. How many years have you been in your current position?
0%5%
10%
15%20%25%30%35%
40%45%50%
0 - 2 years 2 - 5 years 5 - 10 years 10 or moreyears
21. How long do you expect to stay in your current position?
Most respondents have been
in their position 2-5 years or
less than that. It seems that
an ”ideal” time for one
managerial position is
around 5 years.
Most executives expect to leave
their current position within 5 years.
0%
5%
10%
15%
20%
25%
30%
30 - 35years
35 - 40years
40 - 45years
45 - 50years
50 - 55years
55 -above
22. How old are you?
0%
20%
40%
60%
80%
100%
Male Female
23. Gender
Yes
No
0% 20% 40% 60% 80%
24. Have you changed the industry you work in during your career?
Currently majority of C-level
executives are in the range of
40-55 years, peaking at 40-45.
The respondents were almost entirely men,
however this also indicates similar results to
recent studies in Finland according to which
3% of operative business unit management
is held by women.
In executive job market industry
change is possible and prevalent;
majority of respondents have
changed the industry they work in
during their career.
0%
10%
20%
30%
40%
50%
60%
Yes No
25. Have you contacted Executive Search Companies concerning the selection of your management team?
44%
46%
48%
50%
52%
54%
Yes No
26. Have you contacted Executive Search Companies regarding your career opportunities?
0%
10%
20%
30%
40%
50%
60%
70%
80%
Yes No
27. In your opinion, is your company offering competitive conditions to attract and retain executive talent?
A slight majority of respondents
have contacted Executive
Search Companies for their
management team selection.
Also a slight majority has contacted
Executive Search Companies for
their own career opportunities.
Most respondents believe their
companies provide competitive
conditions which attract
executive talent.
Established in 1990, Stanton Chase
International is one of the world’s leading
global executive search companies with
more than 70 offices in 42 countries.
Stanton Chase International has a strong
presence in the Finnish market, where it is
one of the top five companies in its field.
Stanton Chase Helsinki has also a strong
expertise with companies operating in
Russia, especially Moscow which hosts
Stanton Chase partner office and also St.
Petersburg, which presents large potential
for both Finnish and international companies
due to large population and increasing
demand for talent.
All company partners have their own
Practice Group expertise and extensive
local and multinational experience and
references. They serve international clients
as well as strong local and national players.
Partners:
Asser Lindholm
Mikael Stelander
Kalle Soikkanen
Arto Sormunen
Researchers / Analysts:
Susanna Kilpinen
Essi Hallvar
Ville Kämppi
Services provided by Stanton Chase:
Executive Search
Board Services
Management Audits
International Practice Groups:
Consumer Products and Services
Financial Services
Life Sciences and Healthcare
Logistics and Transportation
Industrial
Professional Services
Technology
Contact Details:
Stanton Chase International Oy
Keilaranta 19
02150 Espoo
+358 9 8874 060
www.stantonchase.com
www.stantonchase.fi