Global Executives More Willing Than Ever to Pack Their Bags for Career Opportunities, According to Korn/Ferry Executive Quiz

By Kornferry International, PRNE
Sunday, May 2, 2010

Eighty-Two Percent of Executives Willing to Move Out of Region, Country or State -

LOS ANGELES, May 3, 2010 - A wide majority of global executives are willing to relocate for the
right career opportunity, according to Korn/Ferry's latest Executive Quiz.
The Executive Quiz, commissioned by The Korn/Ferry Institute, surveyed
executives from 65 countries about their motivations to relocate.

Overall, a staggering 82 percent of global executives said they are
willing to relocate to a different region, state or country. In the April
survey, 47 percent of the respondents expressed an "extreme willingness" to
relocate to a different region, state or country, and 35 percent said they
are "somewhat willing."

Career acceleration is the primary reason to move, according to 78
percent of the surveyed executives. However, compensation is not necessarily
the No. 1 motivating factor that is driving relocation. Nearly half of the
global executives - 42 percent - say the "quality of life" in a new location
would most motivate them, while only 20 percent chose "job title and
promotion" or "salary" as the top motivator. Eighteen percent of executives
cite "the reputation of the company" as the primary motivating factor.

"It is a major life decision to move away from family and friends for the
sake of one's career and there are two significant factors which are driving
this phenomenon," said Michael Distefano, Korn/Ferry chief marketing officer.
"First, there is no doubt that the global recession has taken its toll.
Today's talented professionals realize that it's a buyer's market, which is
forcing them to relocate to where the action is. Additionally, the speed of
globalization is tearing down boundaries at an unimaginable pace. Although
the global business community is operating seamlessly around the world, there
are still hubs of economic activity which attract the best and brightest."

Only 8 percent of executives reported turning down an international work
assignment. More than half of the global executives have accepted an
international work assignment; 41 percent have never been asked to relocate
internationally. Additionally, 81 percent of surveyed executives have
relocated to a different region, state or country during their careers.

Global executives say the top four most desirable regions to work in are
North America, Europe, Asia Pacific and South America.

Executive Relocation Survey Results

    1) How willing would you be to relocate to a different region, state or
       country for your next job?

       Extremely willing                        47%
       Somewhat willing                         35%
       Neither willing nor unwilling             8%
       Somewhat unwilling                        7%
       Extremely unwilling                       3%

    2) Which of the following would most motivate you to relocate for a job?

       Quality of life in new location          42%
       Salary                                   20%
       Job title/promotion                      20%
       Reputation of company                    18%

    3) Do you believe that moving to a new location might accelerate your
       career?

       Yes                                      78%
       No                                        7%
       Unsure                                   15%

    4) Have you ever been asked to take an international work assignment? 

       Yes, and I took it                       51%
       Yes, but I turned it down                 8%
       No, I've never been asked                41%

    5) Have you ever relocated to a different region, state or country for a
       job?

       Yes                                      81%
       No                                       19%

    6) In which region would you most like to work?*

       Africa                                    1%
       Asia Pacific                             16%
       Europe                                   20%
       Middle East (including India)             4%
       North America                            45%
       Russia                                    1%
       South America                             8%
       Other                                     1%
       None -I would not work
        outside my home country                  6%

*Due to rounding, please note percentages do not equal 100 percent.

Methodology

The Korn/Ferry Institute Executive Quiz is based on a global survey of
executives registered within the firm's online Executive Center,
ekornferry.com. Respondents from more than 65 countries, representing a wide
spectrum of industries and functional areas, participated in the most recent
Executive Quiz from April 7, 2010 to April 21, 2010.

About The Korn/Ferry Institute

The Korn/Ferry Institute was founded to serve as a premier global voice
on a range of talent management and leadership issues. The Institute
commissions, originates and publishes groundbreaking research utilizing
Korn/Ferry's unparalleled expertise in executive recruitment and talent
development combined with its preeminent behavioral research library. The
Institute is dedicated to improving the state of global human capital for
businesses of all sizes around the world.

About Korn/Ferry International

Korn/Ferry International, with a presence throughout the Americas, Asia
Pacific
, Europe, the Middle East and Africa, is a premier global provider of
talent management solutions celebrating 40 years in business. Based in Los
Angeles
, the firm delivers an array of solutions that help clients to
attract, develop, retain and sustain their talent. Visit
www.kornferry.com for more information on the Korn/Ferry International
family of companies, and www.kornferryinstitute.com for thought
leadership, intellectual property and research.

Americas, Lindsey Koh, +1-310-556-8532, lindsey.koh at kornferry.com, or Asia Pacific, Carol Lo, +65-6231-6219, carol.lo at kornferry.com, or EMEA, Juerg-Herbert Baertschi, +44-20-7312-3178, juerg-herbert.baertschi at kornferry.com, all of Korn/Ferry

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