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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