Reasons for Executive Dissatisfaction, Ranked by Age Group

Published on: Thursday, October 11, 2007       Comments (0)       Category: Human Capital,  Managing, 

ExecuNet’s surveys frequently find compensation fairly low on the list of reasons executives are dissatisfied at work, but age analysis indicates money is of the greatest importance to executives over 61-years-old, and job security only appears on the top five concerns for executives above the age of 51.

Respondents to ExecuNet’s surveys on age discrimination indicate that those who are in good health and have adequate finances expect to retire around age 66. However, compensation is driving many to stay employed as the large majority report that they are not financially prepared for retirement and they expect to keep working to remain financially secure.

The good news for organizations already agonizing over the knowledge management issues expected to accompany the senior-executive exodus is that more than 80 percent of executives plan to remain employed at least part time — even if they are financially able to retire. In these part-time roles, executives can be the conduit for explicit and implicit organizational information for the next generation of leaders.