U.S., Europe Trail Developing Economies for Best Job Opportunities, According to Korn/Ferry Executive Quiz



    
    - 64 Percent of Executives Say BRIC Nations Offer Best Jobs in Today's
    Economy -

    
    LOS ANGELES, Sept. 10 /CNW/ -- Executives around the world overwhelmingly
favor developing economies over the more established global powers such as the
United States, Europe and Japan for job opportunities in today's economy.
Sixty-four percent feel that Brazil, Russia, India and China (the BRIC
nations) offer the best career options, compared with 22 percent who selected
the United States and just nine percent who selected other developed economies
such as Western Europe and Japan. The latest Executive Quiz released by The
Korn/Ferry Institute focused on perceptions about international career options
by today's business leaders.
    According to the survey findings, 61 percent of respondents had been
offered an international assignment and among them, four-fifths (83 percent)
had moved out of their country of origin for a career opportunity. Sixty-three
percent said the current economy would not affect their decision to take an
overseas assignment, while 22 percent said they were more likely to accept an
international post if offered during an economic slow down.
    Not surprisingly, 83 percent of respondents felt that international
assignments have the potential to accelerate career growth. A full 82 percent
said they would commit to an international assignment for a year or longer,
with 24 percent willing to move for more than five years. Only 12 percent of
respondents said they would not take an international position for any length
of time.
    Overwhelmingly, the largest barrier to accepting an international post is
family considerations (62 percent), followed by language (13 percent),
difficulties returning to country of origin (eight percent), security (five
percent), cost (five percent) and living standards (four percent).
    "Today's leaders have to be globally aware and understand a variety of
international markets, economies and cultures to support their career growth,"
said Gary Burnison, Chief Executive Officer of Korn/Ferry International (NYSE:  
KFY). "The allure of the emerging markets presents significant career
opportunities in a time of great change. Our survey results demonstrate how
willing executives are to be mobile, which is increasingly a prerequisite for
top management in global companies."
    
    Methodology
    
    The Korn/Ferry Institute Executive Quiz is based on a global survey of
executives registered within the firm's online Executive Center,
ekornferry.com. Respondents from more than 70 countries, representing a wide
spectrum of industries and functional areas, participated in the most recent
Executive Quiz in July-August 2008.
    
    About The Korn/Ferry Institute
    
    The Korn/Ferry Institute was founded to serve as a premier global voice
on a range of talent management and leadership issues. The Institute
commissions, originates and publishes groundbreaking research utilizing
Korn/Ferry's unparalleled expertise in executive recruitment and talent
development combined with its preeminent behavioral research library. The
Institute is dedicated to improving the state of global human capital for
businesses of all sizes around the world.
    
    About Korn/Ferry International
    
    Korn/Ferry International, with more than 90 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,
shireen.nisha@kornferry.com, or EMEA, Stephanie Mitchell, +1-650-508-7465,
stephanie.mitchell@kornferry.com, both of The Korn|Ferry Institute; or North
America, Kevin Oates, +1-310-584-8331, kevin.oates@ketchum.com, or South
America, Teresa Santos, +55 11 3457 0206, teresa@s2.com.br, both for The
Korn|Ferry Institute Web Site: http://www.kornferry.com

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