40 Percent of Philadelphia’s Senior Executives Rank Region High as Place to Work and Live – But 60 Percent Say They Would Relocate for Right Opportunity, Says Salveson Stetson Survey

Salveson Stetson Group Surveyed 850 Area Executives on Motivation, Compensation and Satisfaction With Philadelphia

Radnor, Pennsylvania, UNITED STATES

PHILADELPHIA, Dec. 16, 2015 (GLOBE NEWSWIRE) -- Four out of ten senior executives in the region ranked Philadelphia “very high” or “high” as a place to live and work – but 60 percent said they would consider leaving the area for the right job opportunity, according to a new survey of 850 area executives by Salveson Stetson Group.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/a2ab490e-0c43-4c45-807a-78d4683324df

“Philadelphia receives generally high marks as a region in which to live and work,” said Sally Stetson, Co-founder and Principal of Salveson Stetson Group. “Respondents ranked it high in safety, housing, quality of education, amenities and cost of living. But despite that positive view of the region, nearly 60 percent of the Philadelphia’s senior executives said they would consider leaving for the right job opportunity.”

The survey of 860 senior executives – defined as those making more than $150,000 and holding management responsibilities at their employers – was designed to uncover motivators and attitudes toward their jobs.

Seventy percent of respondents said they were “very” or “somewhat” satisfied in their current jobs. When asked what motivated them most in a job, they cited work environment / company culture (57 percent), overall job responsibilities (56.5 percent) and salary (53.5 percent).

“Employers should pay attention to these findings,” said John Touey, Principal at Salveson Stetson Group. “As a group, these senior executives are very happy in their current positions and have positive feelings about the Philadelphia region. But 60 percent of them say they would consider relocating for the right opportunity, putting them at flight risk. Even the most satisfied employees can be lured away.”

When asked which of the region’s largest employers they would most like to work for, respondents named Comcast (31 percent), followed by AmerisourceBergen (19.5 percent) and Campbell Soup (18 percent). But 40 percent offered no opinion.

Respondents said the reasons they admired those companies because of: their corporate image (44 percent), innovation (38.5 percent), mission / values (38 percent) and work environment (38 percent).

Of all the functional areas surveyed, the highest reported job satisfaction came from executives in Human Resources. Nearly 70 percent said they were happy in their current positions. And HR executives in healthcare were the happiest of all.

Although 60 percent said they would consider relocating for the right job, nearly one in three senior executives said they would “never” consider relocating from the Philadelphia region.

An executive summary of the survey's finding and an infographic illustrating the highlights from the report is available on the Salveson Stetson Group blog at www.ssgsearch.com/blog

About The Survey

A total of 863 Philadelphia-based senior executives completed an online survey between September and October 2015.

  • 82 percent had 20 or more years of work experience
  • Respondents came from eight industries: education, energy, financial services, healthcare, manufacturing, professional services, retail and information technology
  • Functional areas included: human resources, information technology, marketing and sales, finance, general management and operations

About Salveson Stetson Group

Salveson Stetson Group (www.ssgsearch.com) is a multi-specialty retained executive search firm based in suburban Philadelphia. Specializing in $150,000+ salaried positions, Salveson Stetson Group places executives at organizations ranging from Fortune 500 companies to non-profit entities. The firm is a member of IIC Partners, one of the top ten retained executive search groups in the world with 47 offices in 34 countries.

This photo is also available via AP PhotoExpress.


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