Nov 21, 2007

What shapes careers?

According to a McKinsey survey:

  • Executives around the world say the events that most profoundly affected their careers originated largely at work, not from family or personal issues
  • 40 percent of respondents say they have had difficulty balancing work and home life, they also say this challenge doesn’t drive most career decisions.
  • The survey uncovered few differences between the experiences of men and women. However, women are more likely to have had a mentor or role model and to have experienced discrimination.
  • Respondents are satisfied with the outcome of career-shaping moments, saying that they led to more interesting and important jobs and to higher compensation.
Very interesting. The McKinsey Quarterly conducted the survey in July 2007 and received responses from 482 male and 409 female executives from around the world, across industries, and at varied points in their careers. Thirty-nine percent are C-level executives. All data are weighted by the GDPs of the constituent countries to adjust for differences in response rates.

Whatever defined the respondents’ most significant career-changing event, the most common outcome was a new job.

So are companies majorly failing to manage the change that develop from career decisions of their employees?