Recession Career Impact
The impact of the deepest recession in post War history, not only impacted executive job losses, but seems to have changed many career objectives and ambitions. The importance of having a solid and rewarding position with a quality firm has become ever more critical for many while the pursuit of a career providing satisfaction has also become paramount for many others.
The recession seems to have caused a major time of reflection for executives in terms of their career and lives. Learning to live with less, spending quality time with their families, and longer working careers to recover from retirement plan reductions appear to have significantly impacted the executive psyche.
Will this change and revert back when the economy and stock market has recovered? It will be an interesting time to reflect back on the executive career mind set when that occurs.