Executive exodus? | Third of C-suite employees plan to quit in 2024

More than a third (36%) of the UK’s senior business leaders, including owners, C-Level executives and board directors, are considering a change of role in the next 12 months, according to new research.

LHH, a leading global talent development and career solutions company, surveyed more than 1,000 business leaders across the globe, including in the UK, and found that the pressure created by a myriad of external and internal challenges is taking its toll on executive wellbeing, leaving many considering job changes in 2024.

Burnout prevalent for pressured leaders

External headwinds are contributing to sustained pressure on C-suite and other executives. In addition to ongoing economic uncertainty and market volatility (30%) and environmental and sustainability challenges (29%), onboarding disruptive technology, including AI, was cited as the biggest external challenge for more than a quarter (28%) of executives.

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In tandem, leaders are dealing with an abundance of internal challenges. The top three, cited by UK executives, include managing stakeholder expectations (26%), digital transformation (25%), and retaining top talent (24%). Around a fifth also described organisational culture (22%) and fostering diversity equity and inclusion (22%) as their biggest internal challenges.