“Job Security & Motivation” extract from the report discussing the findings from the survey around the security and motivations, creating discussion around figures found ..... 52% of maritime executives have been worried about the security of their job at some point over the last two years.
As with any industry and staff at any level, the knockon effect of concerns over job safety is that the employee will act differently and this is significant when it is those responsible for the entire business.
“If you are concerned about your job you will likely be more risk adverse. You might be conservative with the people you hire, less innovative and entrepreneurial, make safer decisions, do not push boundaries and try to maintain status quo. It is human nature but could result in a considerable disadvantage for a business if it is your CEO or executive team feeling this way.”
As a result 41% of executives have indicated that they plan to change jobs within the next two years which would put significant pressures on organisations to hire experienced and reliable talent.
So just how tough is a maritime executive? The data indicates that they are battlehardened when it comes to remaining motivated in tough shipping markets, with 56% telling us that they do not find motivation an issue. “The sector has grown hugely in resilience over the last ten years. Executives have been through it before and they are used to tough times over a prolonged period of time. It puts the industry in a good position to ride the storm and do it all again when or if it happens again in the future. This again comes down to the importance of industry experience. Maritime executives are veterans of dealing with turmoil.”
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