While they may be charged with the well-being of an entire company, todays CEOs are most focused on their own well-being.
The vast majority of CEOs worldwide (81 percent) say their biggest worry isn't their current job, it's about where their next job may be, according to a new study from the Association of Executive Search Consultants (AESC) and BlueSteps, an online career management service for senior executives. Staying innovative, career stagnation and employment stability are among the other chief career worries for company leaders.
"For the CEO in many organizations the only way to achieve greater responsibility, career potential and wealth creation is probably to find opportunities outside of the organization – a fact that many boards of directors will overlook when reviewing their current CEO or considering succession issues," said Peter Felix, president of both AESC and BlueSteps. "CEOs, just like everyone else, are human beings chasing their career dreams."
The study shows, though, that company leaders aren't solely thinking about themselves. The majority of the CEOs surveyed said that when it comes to their current companies, they are most worried about finding and attracting new talent.
Other top business concerns include finding ways to increase profitability, staving off the growing number of competitors in their market, and figuring out ways to account for the lack of available credit and capital.
"This report reminds us that while CEOs are focused on the key issues of attracting and retaining talent to their organizations, they are themselves concerned about their own career progression and the next opportunity," Felix said. "This is an inevitable reflection of the modern business world and a fast-changing, competitive landscape."
It takes a wide range of skills to be a successful company leader. More than 70 percent of those surveyed said being a strategic thinker is the skill most needed by today's CEO. Being able to make good decisions, motivate others, and communicate and work well in a team are among the other critical skills CEOs must possess.
The research revealed that CEOs are spending more and more time networking on LinkedIn, Facebook and Twitter. More than 30 percent of those surveyed spend between three and eight hours a week professionally networking on social media. Just 3 percent of CEOs said they aren't using social media at all to network.
The study was based on surveys of 160 CEOs worldwide.
Originally published on Business News Daily