MERC Partners has again commissioned Amárach Research to undertake a comprehensive research study amongst the senior executive community in Ireland – a study that MERC Partners undertakes on an annual basis. The study seeks to explore three broad strands:
Karina Corbett – Business & Finance – 28.02.2014
A new survey conducted by Amárach Research on behalf of Merc Partners reveals increasing optimism among senior executives on their own career prospects and a high level of interest in moving employment.
The survey of 472 senior executives at managing director, company director or head of function level was conducted at the end of 2013.
“This is our third Executives Expectations Survey and each year we are seeing increasing signs of optimism, tinged with realism about the economy’s recovery,” according to Merc Partners new managing partner Ruth Curran.
Over half of participants (53pc) believe that their career prospects in the past year have improved while a third (32pc) feel they have stayed the same.
Just 16pc felt they have disimproved. Those in the technology and not-for-profit sectors were most positive while those in the public sector and engineering sector were most pessimistic.
When asked about their current attitude compared to three years ago, 72pc were now more open to switching to another company. This openness to consider new career opportunities has been a consistent trend in this series of annual surveys, with 71pc in 2013 and 72pc in 2012 open to an external move.
“This research confirms a resilience and optimism among many senior Irish executives as we emerge from the recession,” added Curran.
Additional highlights of the study include: 24pc said that skills shortages were hampering progress in their organisations, down from a third last year.
The most commonly mentioned areas of skills deficit were in IT, leadership and change management – the areas that these annual surveys from Merc Partners have consistently identified as most deficient in Irish business.
The impact of tighter financial controls was evident in the finding that almost half (49pc) of respondents said their organisation had been affected by cuts in training and/or personal development.