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Moderate Levels of Job-Hopping Common at High End
Executives Earning $100k+ Average 1-3 Job Changes in Last 10 Years <BackNEW YORK (October 25, 2004) - Executives at the high end of the pay scale are likely to have put between one and three job-hops under their belts over the last ten years, according to a survey conducted by executive job search engine TheLadders.com. When asked: "How many job changes have you had in the last ten years?" 68% of the survey's 991 respondents claimed to have switched jobs between one and three times.
The most common number of job changes in a ten-year period was three, according to 24% of the survey respondents. Following closely behind, 23% made two job changes and 21% made just one in a ten-year span. In the middle of the pack, 17% of the survey respondents changed jobs four times and 9% changed jobs five times. Chronic job-hoppers were not well-represented in the survey, with only 6% claiming to have had 6 or more jobs in the past 10-years (see table above).
"While it is good to have a few career stops on your resume, there is a stigma that comes with excessive job-hopping," explained TheLadders.com founder and president Marc Cenedella. "It's important to note that people at the higher levels of the corporate structure often need two or more years to fully implement programs, get some results and have an impact on the job. For that reason, candidates with five and six job changes in a ten-year period automatically raise red flags for recruiters and hiring managers."
The survey of registered $100k+ executives was conducted on TheLadders.com Web site from October 8, 2004 through October 20, 2004. The margin of error is +/- 3.1%.
About TheLadders.comHeadquartered in New York, TheLadders.com, Inc. is a privately held company offering online job search services to recruiters and job seekers in the $100k+ employment market. Ex-HotJobs.com executive Marc Cenedella founded TheLadders.com in 2003 to address the unique job seeking and recruiting requirements in this market sector. Investors include leading venture capital firm Matrix Partners and prominent private investors such as Kevin Ryan, CEO, DoubleClick, Tom Matlack, Megunticook Management, and Robert Chefitz, NJTC Venture Fund.
In addition to its primary member-based site, the Company operates vertical job search Web sites for sales, marketing, finance, human resources, law, technology, and operations. All sites feature daily job updates as well as industry-specific weekly e-newsletters. For corporate and executive recruiters, TheLadders.com delivers the same highly personalized experience. TheLadders for Recruiters (www.recruitladder.com) enables them to easily post $100k+ job openings at no charge. The Company further differentiates itself from other online job boards that fall prey to fraudulent job postings by implementing human mediated search, ensuring all job postings are fully qualified before being published to members.
More information about TheLadders.com can be accessed at www.theladders.com.
Note to editors: Trademarks and registered trademarks remain the property of their respective owners.
Media Contacts
Maria Schiller
TheLadders.com
646-453-1913
maria.schiller@theladders.com