CEO Update recently reported on a trend we’ve been talking about all year – the spike in executive turnover at associations and nonprofit organizations across the Washington metropolitan area. They reported that the number of open positions posted with them is ”greater than 2008, 2007, 2006 or any other year we have tracked.”
Back in January we predicted that the local job market would be a big game of musical chairs this year, driven primarily by executive turnover.
In August we observed that top candidates were on the move in larger numbers, and that we were seeing a spike in candidates who were receiving multiple job offers. As you may recall, on the strength of that trend we declared the recession over (at least as a retention tool) a full month before the economists made it official on September 20th. (Then again, in their September announcement, they said the recession actually ended in June 2009 … so just give me 15 months and I’ll predict what happened today).
No matter how you look at the data, this is certainly a good time to look for a job if you are an association or nonprofit executive. Not looking? Then now might be a really good time to update your executive succession plans and rethink your retention strategies, because your best people are getting calls.