Offering regional and national programs, CIO (and CSO) events bring together some of the most respected names and thought leaders in information technology and security. Presented by CIOs and other senior level executives, these invitation-only programs offer timely topics and strong networking. Learn More »
Public Council Teleconference: Application Rationalization — Hidden Costs and Smart Decisions
November 17 at 11:00 am US/Eastern (GMT-5)
Join Honorio Padrón, of The Hackett Group, who will share the drivers for companies to tackle application rationalization and the results of research that define the hidden cost of complexity. Additionally, we will discuss key decision milestones—to start or not, holding the course steady and fulfilling expectations.
Virtual Desktop Cost-Benefit Analysis — Michael Jacobs, Catlin Group
The analysis contained in this presentation measures the cost of everything from the machines and licenses to the infrastructure for virtual vs. traditional desktop environments.
Honor your best senior team members - Apply for the CIO Ones to Watch Award
Get well-earned public recognition for your top up-and-coming team members, your IT organization and your enterprise. Award winners will be announced, publicized and feted in May 2010, great timing to help attract new IT recruits to your company.
Learn more about the CIO Executive Council »November 19, 2007 — CIO —
Executives would rather spend three hours or more a day commuting back and forth to work than relocate for a new job, and employers are increasingly accommodating their preferences, according to a survey conducted online in August by executive search firm Korn/Ferry International.
Over half (55 percent) of the 198 Korn/Ferry headhunters who responded to the survey noted that convincing candidates to move for a new executive position is more difficult today than in the past.
Rather than relocate, executives are opting for "extreme commuting" arrangements, whereby they travel to work by plane each week or commute by car for more than 90 minutes one way each day. Seventy percent of survey respondents say more candidates prefer extreme commuting over moving.
The leading reason executives don't want to relocate, according to the recruiters who took the survey, is they don't want to uproot their families. Only 10 percent of recruiters cited housing market costs as executives' rationale for not wanting to move.
| Family ties | 50% |
| Lifestyle factors | 27% |
| Housing market costs | 10% |
| Other | 8% |
| Decreased relocation budgets | 4% |
| Stress involved in relocating | 1% |
Source: Korn/Ferry International, survey results based on 198 Korn/Ferry International consultants.
More and more employers are open to negotiating with executive candidates who don't want to move. Four out of five executive recruiters, or 82 percent, said companies will consider increased business travel over moving for prospective employees.
The high tech industry is the most receptive to extreme commuting, according to respondents, 40 percent of whom ranked that industry the highest. Other industries open to increased business travel include financial institutions and consumer products companies. Retailers and insurance companies rank among the least receptive to increased business travel as an alternative to relocation.
When companies require a candidate to move for a job, 64 percent of executive recruiters say those employers make the inconvenience worth the candidate's while by offering more money.
| Additional compensation | 64% |
| Flexible work environment | 40% |
| Options for family visits | 37% |
| Corporate perks | 24% |
| Other | 15% |
| Additional vacation time | 13% |
| Higher titles | 10% |
Source: Korn/Ferry International, survey results based on 198 Korn/Ferry International consultants.