McDonald’s says a third of senior decision-makers want a career change

Research released by McDonald’s UK reveals that almost a third (29%) of senior decision-makers are likely to consider a career change in the next five years, with 43% of managing directors thinking about a second career.

The research, published to mark 30 years since McDonald’s franchised its first restaurant in the UK, found that a quarter (25%) of senior company executives over 40 are likely to want to follow a new career path – evidence that career restlessness often associated with the young,is being echoed amongst the more experienced in business.

The key triggers for senior decision makers planning a second career are:

– Frustration with company decisions such as frequent strategy changes (50%)
– Unfulfilled personal ambitions (49%)
– Lack of time with friends and family (40%)
– Insecurity due to constant corporate reorganisations (34%)
– Travel demands (30%)

Over half (53%) of senior decision makers polled stated that they would consider a new role to establish a better work / life balance (52%), take more personal control over their working life (44%), or maximise their skills and expertise in a way that isn’t possible in their current role (34%).

Due to a feeling of lack of business control, almost a fifth (17%) of respondents would consider changing career to become a franchisee. Benefits amongst senior decision makers include having a proven business model (58%), it being lower risk than setting up a new business (49%), getting to own your own business (38%) and having access to training and support (41%).

Jason Clark, VP for franchising south for McDonald’s franchising, said McDonald’s was keen to position itself as a viable option for senior professionals looking for a career change: “Unsurprisingly, at a time when certain macroeconomic trends are causing uncertainty in business, many senior executives are finding themselves wanting a change in direction – a second career. Many of our franchisees were already operating successful businesses before they came to us, whilst others have come from prominent careers in the private and public sectors.”




Related posts