Five things to know about CEO job outlook:
1. Top executives will see employment grow as fast as the average for all other jobs, but employment will vary depending on occupation.
2. For instance, general and operations managers will see a 7 percent growth in employment by 2028; chief executives, however, will see a 5 percent decline.
3. Factors contributing to the decline in demand for chief executives include improved office technology, changing organizational structures and a slowing of new firm creation as companies become larger and more concentrated.
4. Still, candidate competition for the top executive positions won’t wane. Candidates will continue to face strong competition for CEO roles, especially as high pay and prestige attract many qualified applicants.
5. In 2018, the median annual pay for chief executives was $189,600.
More articles on leadership and management:
Female board directors rise to leadership positions faster than men
Sanders releases reproductive healthcare plan
Vidant Health lays off 191 workers
At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.
