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Tuesday, 3 April 2012

Real reasons top talent in UAE quit their jobs

What would push a senior level executive to leave his employer in the UAE?

What if she/he is the chosen one, someone who has been approached by the organization and then paid a handsome package to join the ranks?

But, then packs it up and calls it quits. Is it just monetary consideration or the ambition to grow faster?

Emirates 24|7 spoke to experts to list the main reasons for top management departing from companies.

According to experts, who specialize in C-level executive hiring, money is rarely the reason behind the exit of top staff.

Shane Phillips, Mena Regional Practice Leader, Financial & Professional Services at Stanton distills his top reasons that may lead to an exit.

“The number one reason an executive leaves a job is autonomy. Not having the freedom to execute their vision and strategy as the market demands.

“Most frustrated are GMs, MDs, or CEOs who report to a foreign board who do not understand the Middle East,” he told Emirates 24|7.

“Number two reason is not being empowered to do the things which need to be done.

“The financial crisis has created a very competitive environment and leaders need the support from their organisations to make big changes and to make them quickly.

“Organisations that do not empower people on the front lines to make decisions will lose their top performers.

“Top performers want to drive results and if they feel the current platform they are on is a stone wall to achieving those results they will leave.

“Number three reason is lack of growth.

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