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June 17, 11:30 AM - 12:30 PM U.S./ET (GMT-4)
Larry Bonfante, CIO of the U.S. Tennis Association, will discuss the skills and approaches that your rising IT leaders must learn to be effective in an executive capacity.
How to Handle Your New CEO: Managing Turnover at the Top
June 18, 11:00 AM - 12:00 PM U.S./Eastern (GMT-4)
Turbulent times have increased turnover at the top. Find out what Council CIOs have done to "break in" new CEOs—build relationships, set expectations, educate on the role of IT.
Mid-Market CIO Panel: Tips and Techniques for Improving Vendor Relationships
July 15, 4:00 PM - 5:00 PM U.S./Eastern (GMT-4)
We'll highlight relationship priorities and best practices identified in a Council study, and we'll interact with a CIO panel on the approaches they've used to improve strategic vendor partnerships.
Executive Competencies Assessment Tool
Assess Your Business Leadership Skills with the Council's new benchmarking tool. Rate yourself in change leadership, strategy, customer focus and more.
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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.