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Sunday, October 16, 2005

High Percentage of Executives Considering Career Change

Korn-Ferry International, a premier provider of executive search, outsourced recruiting and leadership development solutions, recently conducted a survey that found that more than half (51%) the 1700 executives questioned would change careers if they could.

More findings from the executive survey:

  • 21% would be highly likely to make a different choice.
  • 30% would be likely to make a different choice
  • 62% anticiplate making a major career change before retirement as being "highly likely"
  • Another 36% consider making a major career change before retirement as being "likely"
  • 62 percent would "definitely" recommend their profession to somebody embarking on his or her career

BOTTOMLINE: Leading organizations can best address this shift and retain key talent by better understanding the career motives of their executives and creating professional development plans for emerging executives that support these motives.

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