Howard Nestler, CEO of Executive Options, announced today his findings from a study of the current job market as it pertains to upper management positions. The findings take into account a three year comparison of jobs opportunities for executives operating in the upper half of the management spectrum.
"What we found is that the job market, as it currently presents itself to premium executives, is glutted with extraordinary talent," says Nestler. "A company looking for talent has so
many choices that it is almost overwhelming."
Nestler's findings, made available today to industry professionals, indicate that this 'market glut' is the result of a significant number of Baby Boomers prolonging their careers at an
age when their parents were contemplating retirement.
But, according to Nestler, this excess of talent has not resulted in a pronounced benefit to companies seeking to fill management positions.
"The typical job search is conducted at the seventieth percentile, which is to say in a rote fashion and without much conceptual thinking," Nestler explains. "Resumes are analyzed for
points of recognition that seldom translate into an understanding of a candidate's capabilities."
In summing up the study's conclusion Nestler states, "The typical job search benefits neither the candidate nor the company, as it leaves too much to chance. It's time that executives
understood how to market themselves in the same manner as political candidates and film personalities who know how to create a demand for their services."