In 2016, the average tenure of a Chief Executive Officer (CEO) was eight years. That average fell to 6.9 years in 2020, according to a study from organizational consulting firm Korn Ferry.
Similar to the employees they lead, 70% of executives are opting for roles that better support well-being and offer more advancement opportunities. And while many still tend to stay at their companies for several years, more than ever, executives are exploring new opportunities to expand their roles in an increasingly complex job ecosystem.