Time to consider an executive career transition?

Time to consider an executive career transition?

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Leaders that achieve the greatest success are those that recognise that  executive career coaching is not only required when things aren’t going well, at a time of crises, or during difficulty such as redundancy. Yet, many executives still take a reactive approach rather than a proactive role when it comes to seeking career transition or professional development advice. Francesca Grogan

The big advantage of being ahead of the curve when it comes to your career is that you can avoid ever reaching a crisis point in the first place. Executive career transition services can ensure your skills remain relevant and aligned with what organisations are looking for – making you increasingly indispensable – which in turn ensures your market value remains high. This increases the chances of both career-long agility, security, relevance and satisfaction.

Careers paths are no longer linear, progressing from A to B in a straight line. Add to this the complexities of today’s business world means they are probably going to become even less direct. Many aspiring leaders, for instance, find that they have to acquire digital experience or skills if they are to progress into a senior position in the era of digital transformation and disruption. This can mean a lateral move or perhaps a secondment or project work.

Plotting a career journey on your own, therefore, can be difficult. Not only can an executive career transition expert look at your skillset objectively and assess your fit for future positions but they do so armed with market insight and intelligence. Data informs the vast majority of business decisions these days so why should career ones be any different?

Good career transition experts have access to up-to-date data on skills, sectors and other requirements. At Rialto, we can also offer the Rialto Accelerated Leadership Index (RALI) benchmarking tool. This uses real-time data to profile and assess the alignment of a leader’s current capability and experience to future market needs and to those of their competitors. We also look at the so-called ‘third horizon’ by scanning for the skills that might be required in three years’ time or longer.

It isn’t only about data though. Experts also have huge insight into what it takes to operate at CEO, board- and senior leader-levels across all sorts of sectors and precisely understand how the market for senior strategic opportunities works both in a downturn and an upturn.

Another myth surrounding a career transition service is that it has to be a one-off exercise. There is a case for regularly checking in with career experts even if you aren’t ready for your next move. Rather like a mentor, they can be an extremely useful sounding board. And it doesn’t have to be about progressing in your career in the traditional sense. For instance, Rialto works with individuals who’d like to change direction, whether it be developing portfolio careers, securing non-executive director positions, starting up new business ventures or shaping investment portfolios. Francesca Grogan

Services are confidential and tapping in to our teams knowledge and expertise can help to identify the right time to take the next major step in your career as well as help you to prepare for it.

So in answer to the question: is now the time to consider an executive career transition?, the answer is you should always take time to plan your executive direction and having a plan at every milestone enables you to maintain control of your career.

Rialto Consultancy delivers a range of career transition, leadership development and coaching programmes for executives and senior leaders.

To benchmark your leadership profile for free, visit RALI.

To view The latest Rialto executive career transition resettlement statistics, visit Executive Transition Statistics.