Korn/Ferry Survey: Majority of Executives Believe They Can Outperform Their Boss
- Nearly Two Out of Every Three Executives Aspire to Obtain Their Boss’ Job -
LOS ANGELES, June 4, 2007 – Nearly three-quarters (73 percent) of executives believe they can perform their boss’ job better than their current manager, according to the latest Executive Quiz from Korn/Ferry International (NYSE:KFY), a premier global provider of talent management solutions. Moreover, nearly two-thirds (65 percent) of executives surveyed indicated that they aspire to attain their boss’ job.
Nevertheless, when asked to rate their boss’ performance, the largest percentage of executives (42 percent) marked it as either “excellent” or “above average,” while another 23 percent cited it as “average.” Fourteen percent of executives ranked their boss’ performance as “below average” and 11 percent deemed it “poor.”
Additionally, when asked if they trust their boss, almost two-thirds of executives (65 percent) indicated that they did, while the other 35 percent said they did not.
“These results suggest that many of today’s executives are feeling ‘underemployed’ – or in other words, that their employers are not making full use of their backgrounds and abilities,” said Bob Damon, president, North America for Korn/Ferry. “The secret for companies is to identify their high potentials and give them strategic developmental opportunities in order to keep them challenged and satisfied, and best leverage their drive and ambition.” Methodology The Korn/Ferry International Executive Quiz is based on a global survey of executives registered within the firm’s online Executive Center, ekornferry.com. Respondents from more than 70 countries, representing a wide spectrum of industries and functional areas, participated in the most recent Executive Quiz in March 2007.
