Companies struggle to replace senior managers

The
more senior an employee is within a company, the more difficult it is to have
them replaced, according to the Recruitment Confidence Index (RCI).

Two-thirds
of those firms expecting to recruit to the board over the next six months
believe they will have trouble filling the post.

Just
under half predict difficulties finding good junior managers, but only a third
believe there will be any problem filling graduate jobs.

The
Recruitment Confidence Index was set up by Cranfield School of Management and
the Daily Telegraph to measure employers’ recruitment expectations and business
confidence.

Professor
Shaun Tyson of Cranfield School of Management said the degree of uncertainty in
the business environment should be making firms especially careful about the
senior people they take on.

"Employers
are looking for board directors and senior managers who can deliver
immediately," he said.

"They
want performance rather than potential; they want managers with great skills
and a track record. The problem is there aren’t many such managers on the
market."

The
RCI claims that the present economic slump means that directors are reluctant
to risk a job change. 

By Ross Wigham

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