About 50 percent of executives are dissatisfied with their current position in the work place. The research done by Korn/Ferry Institute, a talent management solution provider, reveals that around 47 percent of employed executives are either somewhat or very dissatisfied with their jobs.
The lack of lustre in job market has not only left executives unhappy, but also uncovers a lack of trust for corporate leadership. The survey results suggest that low employee morale among executives may be linked to the lack of trust they feel towards company leaders. A surprising 31 percent of executives have stated that they do not trust their boss.
The survey also states that as many as 36 percent of executives have reported that they do not trust their CEOs. When asked if their current CEO was the best person for the job, only 38 percent respondents said “absolutely,” while 34 percent responded “somewhat” and 28 percent said “not at all.”
Ana Dutra, President and CEO, Korn/Ferry Leadership and Talent Consulting said, “The global recession has left fewer employees to do more work, often for less pay. Stress levels are high and some executives are getting burnt out. However, irrespective of the business cyclicality, companies must take proactive steps to keep key employees engaged if they want to retain them for the long term and be seen as an employer of choice.”
The Korn/Ferry International Executive Quiz is based on a global survey of executives registered within the firm’s online Executive Centre. Respondents from 70 countries, representing a wide spectrum of industries and functional areas, participated in the most recent Executive Quiz in May-June 2009.
Satisfaction is the key to excellence. Dissatisfied employees spoil of the resources of the organisation. In my eyes, both are in lose-lose situations.