JOB CHANGES AFTER MANAGEMENT DEVELOPMENT Available to Purchase

Managerial job changing is becoming an increasingly important issue in managerial careers. Due to reasons such as global competition, mergers, acquisitions, corporate downsizing, and cost‐cutting, fewer executives believe that the organisations that they start their careers with will be the organisation that they retire from. Executives who changed jobs in 1987 through five worldwide executive search firms reported their expectations about job change (Worldwide Executive Mobility, 1988). Of the less senior executives, about three‐fourths expected to change companies again within the next ten years. Salary was one potential outcome for these managers. The median raise associated with a job change was about thirty per cent. Advancement was another possible outcome. Top executives had typically held five different jobs and had worked for three different companies in the previous fifteen years. Increased job responsibility was also a potential outcome, although for some job changers job responsibility decreased. A third of U.S. executives changed jobs without changing titles but a third of those who changed job titles moved to jobs of a lower rank. Forty‐three per cent of managers outside the U.S. changed jobs without changing job titles and a quarter of the job title changes were to lower rank.