Executive Career Transitions: Insights for HR Leaders Supporting Career Transitioning
In my two decades of working on executive career transitions and outplacements, I’ve witnessed just how dynamic the landscape of leadership has become for Australia’s executives and senior leaders. The Outplacement and Mobility 2024 Trends Report reveals that 73% of HR leaders surveyed globally are considering retrenchments this year. Economic shifts, heightened governance expectations, and a growing focus on capabilities such as digital fluency are transforming the very nature of executive roles. Data from the report surveying over 3000 HR leaders shows that ‘employers were retrenching employees’ while simultaneously engaging in a ‘war for future talent’. These changes mean that career transitions are no longer role-to-role moves, especially at the executive level. They’re strategic cross-industry leaps that demand a tailored approach to future capabilities.