- Recruiters Say More Difficult Today than in Past to Convince Candidates
to Relocate -
LOS ANGELES, Dec. 3 /CNW/ -- Executives are increasingly open to "extreme
commuting," which involves traveling by plane to work and back each week or by
car for more than 90 minutes one way each day, as an alternative to
relocation, according to 70 percent of international recruiters who completed
the 12th edition of the quarterly Executive Recruiter Index, released today by
Korn/Ferry International (NYSE: KFY), a premier global provider of talent
More than half of executive recruiters (55 percent) indicate that it is
more difficult today than in the past to convince candidates to relocate for
new job opportunities. Family ties are the leading reason for resistance,
according to half of the recruiters surveyed, while lifestyle factors (25
percent) and housing market costs (10 percent) are also contributing factors.
"Executives' family and lifestyle considerations are prompting employers
to rethink relocation requirements in order to attract the best and the
brightest talent," said Jeff Hocking, managing director of Korn/Ferry
International's San Francisco office. "Besides enhanced relocation packages,
both employers and candidates today are considering alternatives to moving
altogether, including extreme Monday through Friday travel."
Additionally, four out of every five recruiters (82 percent) indicate
that employers are at least somewhat open to having their executives conduct
frequent business travel instead of relocation. This trend appears to be
particularly prevalent in the technology industry.
Where relocation is necessary, higher compensation is the incentive most
commonly used to attract candidates, according to nearly two-thirds (64
percent) of recruiters surveyed, followed by flexible work environments (40
percent) and arrangements for family visits (37 percent).
Lastly, when asked how frequently an average executive in today's
business environment can expect to travel, the most common response was 10 to
15 weeks per year, cited by one-third (33 percent) of executive recruiters,
followed by 15 to 20 weeks, cited by 22 percent.
The Executive Recruiter Index is based on a quarterly survey of 198
Korn/Ferry International consultants, who serve the world's largest
corporations and not-for-profit organizations. This survey was conducted
online within the Americas, Asia Pacific, Europe, the Middle East and Africa
from August 1-10, 2007.
About Korn/Ferry International
Korn/Ferry International, with more than 80 offices in 39 countries, is a
premier global provider of talent management solutions. Based in Los Angeles,
the firm delivers an array of solutions that help clients to identify, deploy,
develop, retain and reward their talent. For more information on the
Korn/Ferry International family of companies, visit http://www.kornferry.com
For further information:
For further information: Asia Pacific, Shireen Nisha, + 65 6231 6123,
email@example.com, or EMEA, Maggie Habib, +1-310-556-8532,
firstname.lastname@example.org, both of Korn|Ferry International; or North
America, Amy Jaick, +1-212-576-2700, email@example.com; or South
America, Marcel Dellabarba, + 55 11 3017 5300, firstname.lastname@example.org,
both for Korn|Ferry International Web Site: http://www.kornferry.com