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Friday, August 6, 2010
WASHINGTON (AP) -- Companies showed a lack of confidence about hiring for a third straight month in July, making it likely the economy will grow more slowly the rest of the year. The unemployment rate was unchanged at 9.5 percent.
Private employers added a net total of only 71,000 jobs in July, far below the 200,000 or more jobs needed each month to reduce the unemployment rate.
The modest gains were even weaker when considering a loss of government jobs at the local, state and federal levels in July that weren't temporary census positions. Factoring those in, the net gains were only 12,000 jobs, according to the Labor Department's July report Friday.
Investors reacted by selling stocks and shifting into more conservative Treasury bonds. The yield on the 10-year Treasury note, which helps set rates on mortgages and other consumer loans, fell to 2.85 percent from 2.91 percent late Thursday. Major stock indexes all fell and the Dow Jones industrial average dropped more than 130 points in morning trading.
The department also sharply revised down its jobs figures for June, saying businesses hired fewer workers than previously estimated. June's private-sector job gains were lowered to 31,000 from 83,000. May's were raised slightly to show 51,000 net new jobs, from 33,000.
"There is still a labor market recovery, but it's a very, very weak one," said Nigel Gault, chief U.S. economist at IHS Global Insight.
The slow pace of hiring will weigh on the recovery, he said, with economic growth in the current quarter likely to come in even lower than the April-to-June quarter's already weak 2.4 percent.
Overall, the economy lost a net total of 131,000 jobs last month, mostly because 143,000 temporary census jobs ended.
The "underemployment" rate was the same as in June, at 16.5 percent. That includes those working part time who would prefer full-time work and unemployed workers who've given up on their job hunts.
All told, there were 14.6 million people looking for work in July. That's roughly double the figure in December 2007, when the recession began.
Even if hiring picks up, it will take years to regain all the jobs lost during the recession. The economy lost 8.4 million jobs in 2008 and 2009. This year, private employers have added only 559,000 new hires.
Friday's report is being closely watched by the Federal Reserve as it considers ways to energize the recovery. The report could persuade the Fed to take new steps to boost the economy and keep interest rates at record lows when it meets next week.
Without more jobs, consumers won't see the gains in income needed to encourage them to spend more and support economic activity. Even those with jobs may not feel confident enough to ramp up their spending.
That's important because many of the trends driving economic growth earlier in the recovery are fading. Companies boosted production in the winter and spring to rebuild inventories that were depleted in the recession. But those efforts won't last much longer. And the impact of the federal government's stimulus package is also declining.
The economy grew at 5 percent in the fourth quarter last year and 3.7 percent in the first three months of 2010. But that slowed to 2.4 percent in the April-June period. That's not fast enough to generate many jobs and reduce the unemployment rate.
Many companies appear to be getting more out of their current employees rather than adding new staff. The average work week increased by one-tenth of an hour to 34.2 hours, the department said. That's up from about 33 hours in the depths of the recession.
Average hourly pay also rose 4 cents to $22.59, up 1.8 percent from a year earlier. That, along with the increase in hours worked, could provide some boost to spending.
The number of temporary jobs fell by 5,600, the first drop after nine months of gains.
Employers usually hire temp workers if they need more output but don't want to hire permanent employees. But "firms aren't even adding temporary workers right now," Gault said.
Manufacturers added 36,000 jobs in July, slightly above its monthly average this year. Those gains were aided by General Motor's decision to keep its plants running last month. Usually it closes them and temporarily lays off employees to retool for the new model year.
Construction firms cut jobs for the third straight month, losing 11,000, while financial firms shed 17,000 workers.
But retailers added 6,700 jobs. And the leisure and hospitality industry hired 6,000 additional staffers.
Corporate net income rose sharply in the second quarter, but businesses aren't yet using the proceeds to ramp up hiring. Companies in the S&P 500 index reported a 46 percent increase in net income for the April-to-June period, compared to a year earlier.
But many employers are uncertain about the direction of the economy. Some are concerned sales will slow once government stimulus and other temporary factors fade. Others fear what will happen if federal income taxes are allowed to rise next year as tax cuts enacted by President George W. Bush expire.
"People have a long worry list they're looking at," said Ethan Harris, chief economist at Bank of America Merrill Lynch.
Some companies are adding permanent workers. The hospital chain HCA Inc. has 8,300 open positions, company spokesman Ed Fishbough said. That includes nurses, physicians and information technology professionals needed to build HCA's ability to handle electronic medical records. HCA employs about 190,000 people.
But layoffs are also continuing. FBR Capital Markets, an investment bank based in Arlington, Va., cut its work force by about 15 percent in early July to about 500 employees, saying it needed to reduce costs.
AP Business Writers Stephen Bernard and Tali Arbel in New York contributed to this report.
Thursday, June 10, 2010
Post-Recession Bounce-Back Plan: Recover Your Earning Power
During the recent economic downturn, many Americans vastly lowered their expectations about earnings. One survey of career-fair attendees, conducted by Next Steps Career Solutions, found that 65 percent of respondents were willing to accept compensation that was up to 30 percent lower than their pay at their previous job. In addition to salary cuts, workers have also reduced their hours or accepted lower-paying jobs than they've previously held.
But now that the economy is beginning to rebound, Laura Browne, a corporate trainer and the author of "Raise Rules for Women: How to Make More Money at Work," says there are new opportunities to bump up pay. "Companies are giving money back to people, but they're being selective about who gets it," she says. Here's how to get on that list:
1. Forget the past
Whether you've suffered a pay cut or a raise freeze, understand that complaining about the hardships you've endured will get you nowhere. Instead, show your managers what you are doing now--and what you'll continue to do in the future. "They want to know, 'Did you make money for the company?' And even more important, what you are doing right now that will continue to make money for the company over the next six months to a year," says Browne.
2. Start the conversation now
Even if the company is still struggling, Brown says it's important to start talking before the good times start rolling in. "By the time you hear that your company is making money, it's going to be too late," she says. Approach your boss at a time you're feeling upbeat--that is, not the day you got a big credit card bill, for instance. Explain that you know times are tough for everyone (not just you) and thank your boss for sticking by you and recognizing your hard work. Once the positive tone set, let him or her know that when things start to pick up again, it's important to you that you are recognized for what you've done--and for what you'll continue to do.
3. Arm your boss with data
Your boss may need to convince upper management that you should get a pay bump. So provide him or her with a results summary--not simply what you did, but the results you got--that can be taken to decision-makers. "You have to help your boss help you," says Browne.
4. Work crazy hours
If you've had to reduce your hours, let your manager know that you can work whenever he or she needs you--Saturdays, holidays, or late at night if you can. "If company revenue and income are on the rise, then they'll need more hours to meet increased demand," says Jeff Cohen, the author of "The Complete Idiot's Guide to Recession-Proof Careers."
5. Make new friends
If you can't get enough hours in your department, get to know the people in other departments and see if there are opportunities to pick up extra hours there. "Tell everyone you know that you're looking for more hours--in a pleasantly persistent way," says Browne.
Friday, November 13, 2009
Fired is the New Retired - The idiocy of axing older employees.
By Ellis Cose NEWSWEEK
Published Oct 29, 2009
From the magazine issue dated Nov 9, 2009
This may be the worst time in the last 60 years to be old and looking for work. Some 6.8 percent of workers over 55 are unemployed (not as bad as for younger workers, but still a historic high). You have to go back to 1949 to find employment stats nearly (but not quite) as bleak as they are now. The bad news does not stop there. On average, it takes employees over 55 roughly 33 weeks to find new jobs, nearly seven weeks longer than for younger workers, and nearly 13 weeks longer than it took just two years ago. Bad as things are, the Supreme Court has made them even tougher—at least for those who believe they are victims of age discrimination and are inclined to try to prove it.
The court's 5-4 ruling last June came in response to a suit filed by a demoted employee, Jack Gross, under the Age Discrimination in Employment Act (ADEA) of 1967. It was not sufficient, concluded the majority, to show that age was among the reasons for an employee's bad treatment; age had to be the reason. In his dissent, Justice John Paul Stevens called the decision "unnecessary lawmaking." The majority, he said, misread Congress's intentions. Last month, in introducing legislation to nullify that decision, Senate Judiciary Committee chair Patrick Leahy also accused the court of thwarting congressional intent.
At a Judiciary Committee hearing focused on recent Supreme Court workplace decisions, Jack Gross told his story. (The committee also heard from a former Halliburton employee who says she was raped by coworkers in Iraq but was denied the right to sue because she had unwittingly signed a binding arbitration agreement.) Born in 1948 in a small Iowa town, Gross grew up imbued with the value of hard work. As a schoolboy, he labored at numerous jobs despite the constant pain of ulcerative colitis. As an adult, he found work with Farm Bureau Life, an insurance company, and eventually became a vice president. But in his 50s, he was abruptly replaced by a younger woman. The company, he surmised, was systematically trying to weed out older workers. A jury found in his favor but an appeals court vacated the verdict. The case eventually made its way to the Supremes, whose decision "mortified" him.
The AARP was similarly disturbed—especially in light of statistics showing a 29 percent jump in age-discrimination complaints from 2007 to 2008. Dan Kohrman, senior attorney with AARP, concedes that the numbers don't necessarily prove a commensurate rise in age discrimination, but he insists they show something bad is going on. During hard times, he says, many employers resort to "crude practices" that drive older workers away. They may force supervisors to rank employees on subjective criteria—such as mental "flexibility"—that are essentially a license to discriminate. Or they generate paperwork alleging drops in performance that have no clear explanation.
Linda Barrington, an economist with the Conference Board, agrees that older workers are often stereotyped. Obesity," she observed, "is more of a health-care cost than age for those between 30 and 50." And older workers show every bit as much stamina as younger workers when called upon to put in long hours. Yet in all too many cases, employers see age as a much larger liability than it is.
Earlier this year, after another Supreme Court ruling made it harder for women to fight discrimination in pay, Congress passed the Lilly Ledbetter Fair Pay Act to restore rights many legislators assumed they had already protected. Congress ought to do the same for older workers, who should be given every legal weapon they need to fight discrimination. But even if that happens, age discrimination will not simply go away. Very few workers have the resources to bring a case to court. As Joanna Lahey, an economist with the Rand Corporation, has noted, "the majority of people who sue under the ADEA are white, male middle managers or professionals." And even if more people did have the financial resources to sue, many who are discriminated against don't have the smoking gun that will prove their case. They may just know the job or promotion they wanted went to someone else.
The larger problem, as Barrington points out, is how we tend to view people, the stereotypes we impose on workers of a certain age. It would be great if correcting that were as simple as changing a law. Instead, we face the more daunting task of changing ourselves.
Find this article at http://www.newsweek.com/id/220144 © 2009
Thursday, August 20, 2009
10 Ways to Be Liked in Your Job Interview
No matter your resume and talents, if you mess up a job interview you won't get that position. In today's tough economy you need every possible edge. As authors of the new book, "I Hate People! Kick Loose from the Overbearing and Underhanded Jerks at Work and Get What you Want Out of Your Job," we see it as a simple equation: You want to be liked -- not hated.
Here are 10 simple things to do that will dramatically increase your chances: from wearing the right expression, to knowing what not to say, to never ever breaking a sweat.
1. Don't be a "smiley face."
Excessive smiling in a job interview is seen for what it is -- nervousness and a lack of confidence. A smiley-face person exudes phoniness, which will quickly be picked up by the interviewer. Instead be thoughtful and pleasant. Smile when there's something to smile about. Do a practice run in front of a mirror or friend.
2. Don't be a small-talker.
Your job is to be knowledgeable about the company for which you're interviewing. Random facts about last night's episode of "Dancing with the Stars" or your favorite blog will not get you the job. Never feel you have to fill an interview with small talk. Find ways to talk about serious subjects related to the industry or company. Pockets of silence are better than padding an interview with random babble.
3. Don't sweat.
You can lose a job by wearing an undershirt or simply a little too much clothing. Sweaty palms or beads on your forehead will not impress. You are not applying to be a personal trainer. Sweat will be seen as a sign of weakness and nervousness. Do a practice run with your job interview outfit in front of friends. The job interview is one place you definitely don't want to be hot.
4. Don't be a road block.
Interviewers are seeking candidates eager to take on challenging projects and jobs. Hesitance and a nay-saying mentality will be as visible as a red tie -- and seen as a negative. Practice saying "yes" to questions about your interest in tasks and work that might normally give you pause.
5. Don't be petty.
Asking the location of the lunchroom or meeting room will clue the interviewer into your lack of preparation and initiative. Prepare. Don't ask questions about routine elements or functions of a company: where stuff is, the size of your cube, and company policy on coffee breaks.
6. Don't be a liar.
Studies show that employees lie frequently in the workplace. Lying won't get you a job. In a job interview even a slight exaggeration is lying. Don't. Never stretch your resume or embellish accomplishments. There's a difference between speaking with a measured confidence and engaging in BS. One lie can ruin your entire interview, and the skilled interviewer will spot the lie and show you the door.
7. Don't be a bad comedian.
Humor tends to be very subjective, and while it may be tempting to lead your interview with a joke you've got to be careful about your material. You probably will know nothing about the sensibilities of your interviewer, let alone what makes them laugh. On the other hand, nothing disarms the tension of a job interview like a little laughter, so you can probably score at least a courtesy chuckle mentioning that it's "perfect weather for a job interview"!
8. Don't be high-maintenance.
If you start talking about the ideal office temperature, the perfect chair for your tricky back, and how the water cooler needs to be filled with imported mineral water, chances are you'll be shown a polite smile and the door, regardless of your qualifications. Nobody hiring today is going to be looking for someone who's going to be finicky about their workspace.
9. Don't be a time-waster.
At every job interview, the prospective hire is given the chance to ask questions. Make yours intelligent, to the point, and watch the person across the desk for visual cues whether you've asked enough. Ask too many questions about off-target matters and you'll be thought of as someone destined to waste the company's resources with insignificant and time-wasting matters.
10. Don't be a switchblade.
Normally the switchblade is thought of a backstabber, often taking credit for someone else's work. In an interview setting, the switchblade can't help but "trash talk" his former employer. If you make it seem like your former workplace was hell on Earth, the person interviewing you might be tempted to call them to find out who was the real devil.
Copyright 2009 Jonathan Littman and Marc Hershon, authors of "I Hate People!: Kick Loose from the Overbearing and Underhanded Jerks at Work and Get What You Want Out of Your Job"
Jonathan Littman is the author of "I Hate People!" and numerous works of nonfiction, including "The Fugitive Game," "The Watchman," and "The Beautiful Game." He is a columnist for Yahoo! Sports.
Marc Hershon is the coauthor of "I Hate People!" and a branding expert who helped to create the names for the BlackBerry, Swiffer, and many other influential products.
Tuesday, June 30, 2009
5 common interview questions and how to answer them
Several people wrote to me saying that whether an interview is on the phone or in person, there were several questions that they anticipate with dread. I’ve been collecting those questions and talking to some pros about how best to answer them. Here are the top five, with suggested answers. Of course, there are no right or wrong answers, only ways of thinking about answers that will get you to the next stage of the process:
What’s your greatest weakness?
It’s an interview cliche, but it still gets asked. The key is to come up with something that is truthful, yet doesn’t impact your ability to do the job, according to career coach and blogger, Miriam Salpeter. More important than what you identify as a weakness is the part about how you’ve overcome it. Salpeter offers this example: A computer programmer might say, “Speaking in front of very large crowds really scares me, but I’ve been working on becoming a better public speaker. I’ve joined Toastmasters, and I stand up in front of my mirrror, pretending there is a crowd.” It's a good one because public speaking is something most people are afraid of, and it is also not likely to be essential to a job as a programmer. One thing you should never say, says Salpeter, is that you are a perfectionist because no one wants to work with a perfectionist. If you want to know why, read this spot-on post by Penelope Trunk.
So tell me about yourself? (Also posed as “Why do you think you’re the person for this job?” “Why should we hire you?” “What distinguishes you from other candidates?”)
This is not an invitation to recite your biography. It is an opportunity to draw out the parts of your story that best sell you for the position. So if you were born and raised in Boston and are passionate about the city, that might a good topic for conversation in an interview for a marketing position with the Boston Red Sox. But it wouldn’t necessarily be worth mentioning if you were talking about a job in international banking. If you’re fluent in three languages, have worked overseas, and have parents who hail from outside the U.S., then those facts would be good ones to highlight in the interview for the international banking job.
Talk about a time you failed and how you recovered.
Since we all mess up from time to time, the important thing is that you choose something where you can demonstrate what you’ve learned from the experience. A classic example here would be a time that you took on too much responsibility or agreed to do something on an unreasonable timetable, according to career coach and resume writer, Chandlee Bryan. Your recovery could be as simple as the fact that you now feel comfortable raising concerns about what you can deliver on a given schedule.
What changes would you make to our company if you came on board?
This one can set you up to stumble in a variety of ways, according to Ford R. Myers, author of the new book, “Get the Job You Want Even When No One is Hiring.” "No matter how comfortable you feel in this situation, you are still an outsider, and don't know the inside story,” warns Myers. “Even if your suggestions are good, you might make them look like idiots, if they don’t see things your way. And if you say something that doesn’t align with the company’s culture, then you look like an idiot.” Myers recommends saying something like this: “I wouldn’t be a very good doctor if I gave my diagnosis before examining the patient. If I were hired, I’d take a very good look at what’s going on, speak to a lot of people. And after examining the entire situation, I would come to you with a proposal for your input, and collaboratively we would come up with a solution.”
Why are you returning to a field or a company you left?
The key with this one is to present your time away as a learning experience and focus on what you know now that you didn't understand before, says Chandlee Bryan. Say you were in banking, helping to evaluate companies for mergers and acquisitions and went for a stint to a startup. You’ll now be able to say that you understand the start-up mentality from more than just a balance street perspective. You might want to add that the time away helped you understand why you are more suited to working in a large organization than in a small one, or some other observation about the difference in cultures and why the one you left is a better fit for you.
For examples of more challenging interview questions along with sample answers, spend some time on Glassdoor.com’s interview section where people post real questions -- as well as other details about interview formats -- from real interviews. To gain full access to the interview section, you need to post information about an interview you went on. The site offers a range of questions -- from basic ones like the ones above, to some that will appeal to anyone who enjoyed studying for the SATs. This was apparently a question in an interview for an account manager Microsoft interview: “One train leaves Los Angeles at 15mph heading for New York. Another train leaves from New York at 20mph heading for Los Angeles on the same track. If a bird, flying at 25mph, leaves from Los Angeles at the same time as the train and flies back and forth between the two trains until they collide, how far will the bird have traveled?”
Thursday, May 21, 2009
With Jobs Scarce, Age Becomes an Issue
Tuesday, May 19, 2009
provided by The Wall Street Journal
Age discrimination in the workplace has long been a concern for the 55-and-older set. In this downturn, however, younger workers may have as much to fear as their more-mature colleagues.
Employees in their 20s and 30s are finding themselves more at risk of a layoff, according to labor lawyers, as employers look to avoid age-discrimination lawsuits by adopting a "last one in, first one out" policy and turn to tenure as a means of conducting layoffs. In some cases, young, childless professionals say they feel they're being targeted in layoffs, while employees who have families to support are given special consideration.
While no age group is exempt from layoffs, younger workers seem to be shouldering a larger percentage of the burden, according to recent Labor Department figures. The unemployment rate for those between the ages of 25 and 34 was 9.6% in April 2009, up from 4.9% a year earlier. For those ages 55 and older, the unemployment rate was 6.2% in April 2009, compared with 3.3% a year earlier.
Wary of Lawsuits
While younger workers tend to earn the lowest salaries, making them the least-expensive workers to retain, companies are becoming wary of laying off older, better-paid workers. In fact, Gerald Maatman, co-chairman of the class-action litigation practice at Seyfarth Shaw LLP, which represents employers, says he has been fielding more inquiries about laying off younger workers than in years past, especially from companies in states like New Jersey and Michigan that have laws to protect workers as young as 18. Age-discrimination lawsuits brought by older workers can cost more than the salary of the worker who was laid off and can hurt the company's reputation, according to Andria Ryan, partner at Atlanta law firm Fisher & Phillips LLP.
"Younger people, in general are a lot less of a risk [for lawsuits] when you do a reduction in force," says Ms. Ryan. While most states protect employees 40 and older from age discrimination, only a handful of jurisdictions extend this protection to employees as young as 18, she says.
"Companies don't like [layoffs by seniority], but [they're] also the easiest to defend," says Gerald Hathaway, co-chairman of the business-restructuring practice group with employment law firm Littler Mendelson. "If you have a bona fide seniority system it's a defense for any type of discrimination," according to the law, he adds.
Seniority in Education
This is particularly true in the education field, where many colleges and schools are taking measures to protect tenured teachers and professors. David Schauer, superintendent of Kyrene Elementary School District No. 28 in Tempe, Ariz., sent layoff notices to 68 teachers in anticipation of budget cuts. The cuts target only first-year continuing teachers, most of whom are in their 20s, says Mr. Schauer. "My worst fear is that really good people will leave teaching," he says.
Nicole Ryan, a 24-year-old sixth-grade math teacher for Fox Lane Middle School, in Bedford, N.Y., received such a layoff notice. The notice was sent out to teachers and staff based on their seniority. So, despite strong performance reviews, budget cuts mean she may not have a job to return to in the fall. "I knew it was coming because, based on seniority, I was lower on the totem pole," she says. "It didn't make it any easier."
The emotional impact of layoffs can affect a manager's decision when it comes to choosing who gets the ax -- and that can also disproportionately affect younger workers. "It takes a tremendous toll on managers," says Mitchell Marks, a professor of organizational change in the College of Business at San Francisco State University. Mr. Marks says when layoff decisions come to a tie breaker, personal and family situations often come into play.
"I've had plenty of managers sit me down and say 'Joe's spouse just got diagnosed with cancer but Jane's spouse is an M.D.,' " says Mr. Marks of the explanations of how a layoff has been decided. The same decision-making process can occur when choosing who gets laid off between a single 20-something employee or, say, a 50-year-old employee with two kids in college.
Svetlana Gelman, 24, worked in the marketing department of a law firm until December when she was laid off. She feels strongly that her age and the fact that she doesn't have a family to support put her at greater risk before the layoff. Ms. Gelman says she was competing head-to-head with another employee with a child, who was hired a few months after Ms. Gelman and often would use her sacrifices as a parent to tout her dedication to the firm.
"The person was very tactical, she would bring the child in, spoke about him all the time and would say things like 'My child is sick but I'm still here,' " says Ms. Gelman.
And as work became more scarce and layoffs loomed, Ms. Gelman says she was let go while her colleague remained, despite the fact that Ms. Gelman earned less and often worked longer hours because of her co-worker's child-care responsibilities.
Staying Safe
Still, there are ways younger workers can go about safeguarding their jobs. High-maintenance attitudes typical of younger workers also make them more prone to the chopping block in a down economy, says Bruce Tulgan, author of "Not Everyone Gets a Trophy." Twentysomething professionals tend to demand flexibility, responsibility and high pay, he says -- all things that aren't going to be well-received in this environment.
"This is a really great time to come in early, stay late, dot your i's and cross your t's," says Mr. Tulgan. He says young employees should volunteer to do grunt work, take advantage of free certifications their companies offer and be compliant, rather than demanding.
Staying Valuable
Ms. Ryan, the attorney, says now is the time to make yourself as invaluable to a company as possible. She recommends cross-training in another department, learning as much as possible about different areas of the company and expressing a willingness to relocate to less desirable locations (something those with families often can't do).
You might also try to align yourself with someone in senior management. This could be in a mentor relationship or as a volunteer on a big project a manager is working on. Although executives are busier these days, they often view being asked to mentor as a compliment, says Mr. Marks. And if it should come to layoff decisions, "It doesn't hurt to have someone in the executive conference room on your side," he says.
Monday, March 23, 2009
Win Friends and Expand Your Network
Do you freeze when someone invites you to a networking event? Do you groan at the mere mention of the word networking?
Networking isn't about artificial settings or immediately asking someone at a professional event for a job. Rather, in the truest sense of the word, networking is about friendship and communication.
Your family, friends, and neighbors, and current and former coworkers are all part of your natural network. So is everyone you stay in contact with and show an interest in.
Reach Out and Touch Everyone
To have a friend, you must be a friend.
And to have a robust natural network filled with friends, you've got to be a thoughtful friend. This means remembering people's birthdays and other important occasions. It means giving kudos for their accomplishments. It means sending thank-you notes for referrals or favors you receive.
It also means staying in regular contact through emails, phone calls, and get-togethers. Each week, set a goal to send one friendly unsolicited email to someone who's in your network (or someone you'd like to be in your network). Also, make at least one personal phone call a week to another individual. Finally, at least once a month, arrange to meet someone in your natural network for lunch, cocktails, or just coffee.
If none of this comes naturally to you, make it a priority by putting each obligation on your to-do list.
You Wanna Be Starting Something
A great way to connect with people and, yes, network, is at an event. But rather than attending yet another formal-but-worthless gathering, get people together informally, and for fun.
Start a weekly poker game. Start a book club with coworkers. Start a cooking club. Start a band.
Have a dinner party or a backyard BBQ. Invite your guests to each bring another friend who's not part of your immediate circle.
Arrange a potluck lunch at the office. Initiate a walking group with coworkers during the day. Spearhead a company outing or fundraiser.
Initiating group activities allows you to network organically while having fun.
Oh the Places You'll Go
Joining is as important as initiating. What are your natural interests? Follow them to expand your natural network.
Do you like to golf? Rather than playing with your usual partner, walk on to a course as a single and play with a threesome. You could make three new friends -- and add three new members to your network.
Have you always been interested in pottery? Or learning sign language? Take a course after work. You'll be with a group of like-minded folks from all walks of life. Odds are at least one or two will wind up members of your network.
Joining a gym, a special interest group, or getting involved with local politics are all great ways to meet new people and make new friends.
Become the Ultimate Connector
One of the best ways to be a good friend and great natural networker is to become a connector.
Rather than focusing on how people in your network and new friends can help you, focus on how you can help them. Keep your ears open when someone says they're looking to break into a certain industry or they're seeking someone with specialized knowledge. Who in your network can help? Who in your network would benefit from such an opportunity?
Becoming the ultimate connector may not bear immediate fruit for you and your professional ambitions. But when you need it, you will have a flourishing network to lend you a hand.
Friday, February 20, 2009
9 Recession-Proof Careers
By Cathie Gandel and Hilary SterneAdditional reporting by Neena Samuel and Kathryn M. Tyranski
These industries project promise—and jobs—for the future, according to the Bureau of Labor Statistics and the Occupational Information Network database.
1. Education
Math and science teachers will be in demand as the U.S. struggles to compete with other countries in engineering, technology, and medicine. A growing immigrant population means more English-as-a-second-language classes will be needed.
2. Energy
Some of the jobs in this field are the result of projects started a year or more ago. But the real boost will come from the new administration's commitment to a more efficient national energy system. "Growth of energy consumption around the world will keep this sector strong," says Laurence Shatkin, coauthor of 150 Best Recession-Proof Jobs.
3. Environment
Green is getting the green light in a nationwide push to make homes and office buildings more energy-efficient and to develop alternative energy sources (solar, wind, nuclear) as well as fuel cell technology. "Anything involved with wind power, either the design or related products, will be big," says Laurence Stybel.
4. Financial Services
Rising from the ashes of a very bad year, financial services have a bright future. Corporate America's wretched excesses mean more government regulation. Workers who are retiring will need advice on how to make their money last. Small businesses may outsource accounting services. As we get to the middle of the recession, there will be a wave of mergers and acquisitions, Stybel predicts. "People with experience in managing the process-corporate attorneys, investment bankers, and accountants-will be in demand."
5. Government
More than half a million federal employees will retire by 2016, leaving open positions at agencies from the CIA to AmeriCorps to NASA. There will also be opportunities at the state and local levels. "In addition to police work and homeland security, government inspects and regulates many industries," says Shatkin. "Workers can sometimes capitalize on their experience in an industry by moving into a regulatory job."
6. Health Care
Health care pops up at the top of just about every list of hot careers. All of us are getting older and living longer, sometimes with chronic health conditions. What's more, health insurance practices may undergo a radical revision during the Obama administration, which has announced plans to address three central issues: coverage, cost, and quality of care. "Health care is a growing industry," says Bettina Seidman, "and not just for health care professionals. There will also be jobs for secretaries, accountants, and administrators."
7. International Business
Corporations, consulting firms, nonprofits, and even governments are going after global markets. People with international expertise, foreign-language skills, or a willingness to move abroad will be in demand. "The global economy is only going to grow," says John Challenger. "U.S. involvement will expand, short and long term."
8. Law Enforcment
International terrorism makes daily headlines, and fear of financial insecurity is matched only by concern for our physical safety. "Crime doesn't go down in a recession," says Shatkin. "It may even increase."
9. Technology
New uses of technology in services and products like electronic health records mean that this sector will continue to be strong. "We have just begun to use the Internet as an entertainment medium in publishing, music, and film," says Peter Weddle.
And We'll Always Be Looking For..."Think of basic human needs, the things we can't do without," says Shatkin. They provide what he calls "little islands" of employment in this economy. For example, he says, we will always need sewage and water treatment. Challenger says the food industry is a core area: "People have to eat, and the global population is increasing."
In a down economy, people don't buy new cars—they repair their old ones. People turn to their clergy for comfort. Funeral directors will always have jobs. And since pets are very much a part of the family, veterinarians and veterinary technicians will continue to be in demand.
Friday, December 19, 2008
Season's Greetings
May the New Year bring optimism, innovation, the coming together of talented people, support from colleagues and leadership, aspiration to overcome difficulties, and the power to make the best of trade and industry in the marketplaces we serve.
Teamwork brings everything together.
2009, a time to hope for peace and think green. A time to step it up in the face of adversity. A time to renew the spirit of service and go to work.
Monday, December 15, 2008
Employment Situation
Employment is one of the primary measures NBER uses in tracking the economy, and it noted that U.S. payrolls peaked last December and have declined every month since.
Historically, temporary and contract employment drops precipitously during recessions. In the last recession, for example, staffing employment began to fall several months before the recession actually began. Over the course of a year and a half, the industry lost 29% of its jobs, according to the quarterly ASA staffing employment and sales survey. In year-to-year comparisons of employment data during that period, there were four consecutive quarters of double-digit rates of decline.
So far in this recession, the pattern has been different. Unlike with previous recessions, staffing employment remained relatively unchanged for 10 months. For example, staffing employment declined only 2.5% from the first quarter through the third quarter of this year, according to the ASA employment and sales survey. And the ASA Staffing Index, which measures changes in temporary and contact employment, had been flat for most of the year, until it started showing sustained weekly declines in late September.
The November employment situation report from the U.S. Bureau of Labor Statistics suggests that precipitous declines in employment may now be upon the staffing industry. How long those sharp declines persist will depend in part on how long the recession lasts.
This recession is already longer than the last one. The 2001 recession lasted eight months. The U.S. economy, according to NBER, is currently in the 12th month of contraction. Until now, there had been 10 recessions since World War II, and they lasted an average of 10 months each. The longest recession in that period, in 1981–82, lasted 16 months. Even if this recession becomes the longest since World War II, it is probably more than half over. Many economists predict that the economy will begin to pull out of this downturn by the middle of next year.
Steve Berchem
Staffing Week December 8, 2008
American Staffing Association
Friday, November 28, 2008
Market Conditions Change - Good Advice Doesn't
SPECIAL REPORT
'Greatest economic challenge'
Obama sets sights on economy - vows to confront global financial crisis
NEW YORK (CNNMoney.com) -- President-elect Barack Obama said Friday that the United States is "facing the greatest economic challenge of our lifetime."
The economy ranked as the top concern among voters. The issue...Jobs.
Layoffs and hiring freezes announced by Companies in the broader economy can ripple throughout the Staffing Industry by causing management to cut back on their costs by "making do" with less staff, and this can make it harder for these companies to maintain market share, fueling the ongoing decline in revenues and profits.
Given the weak labor market, only the most skilled, talented and motivated employees will uncover and leverage opportunities to contribute. The economy may be weak, but it is not without prospects.
Staffing Industry employers might be well served by taking a hard look at the capabilities of their employees and how they are deployed. To preserve a place in the market and prosper for longer term benefit, only the best and brightest should be "on the team," so to speak, in revenue generating assignments.
Tolerating mediocrity is risky. Finding talent is difficult with the unemployment rate increasing. As the numbers of candidates on the market increases it becomes increasingly difficult to “separate the wheat from the chaff” and choose the people that are of high quality from a group of mixed quality.
Does it make sense then to continue to employ the services of a search firm to find talent for your organization? Consider that a professional executive search firm is in constant contact with candidates. This “constant contact” is with “passive” candidates who, when facing economic instability, are more likely to entertain a new opportunity if presented by a known, trusted advisor.
The bottom line, great people are hard to find in even the best “employer's market” circumstances, and only great people are a good investment when resources are dear. An investment in a search fee pays dividends when a new employee not only joins your organization, but contributes with the high level of skill, talent and character commonly found with employed “passive” candidates who “fly under your radar.”
We can help make an investment in finding and hiring talent produce sustaining, material results. Recognizing that in times like these, cost is a factor, we are offering cost-savings options to initiate the search for top talent.
1. Stretch Your Budget with Extended Payment Terms
Have the option to make that critical hire in the near-term and spread payment over time. This "layaway" plan allows you to manage the impact on your budget and begin to realize a return on the investment in talent before making the full investment. Pay in 3-equal payments after the start date: 10-days, 45-days and 90-days.
Extended payment terms do not apply with any other discounts.
2. Take advantage of our Search Sale
Make a hire and receive 25% off the search fee. Even in a challenging economic market, customer-facing, revenue-generating and leadership talent are essential. If you have to make that one great hire, make it at a deep discount.
25% off applies only with standard payment terms of net 10-days.
3. Choose the Best of Both Time & Money
Focus on your core business and let us find you a top performer. Take a 15% discount off the search fee, pay only half the fee 10-days after the start and hold on to the balance for 60-days. Manage your cash and benefit from revenue-producing productivity.
Direct Search Alliance is a Search and Talent Consultancy specializing in the Staffing, Professional Services and Outsourcing Industries. I invite you to visit our website and blog to learn more about our company. Click the links below to download online brochures.
Tuesday, September 23, 2008
Talent Surplus – Not!
Does this mean that the scarcity of talent has become less and talent is readily available for the few openings employers have come up in this uncertain economy? To answer this question, first answer these questions:
1. With declining revenues and fewer opportunities on the horizon, is every employee’s contribution even more important to the success of your business and to justifying the role in your organization?
2. If you have made reductions in staff, have you considered performance as one of the deciding factors respecting who to let go, and released the lesser producing employees first?
If you answered yes to either question, take pause as you contemplate hiring from the pool of available “active” candidates. Likely, these candidates are “first wavers” who in a robust economy “flew under the radar” and now find themselves “redundant” in an economy that requires top talent to produce results. This doesn’t mean all unemployed or job-seeking candidates are bad or mediocre, but for many it is indeed the fact.
As the numbers of candidates on the market increases it becomes increasingly difficult to “separate the wheat from the chaffe” and choose the people that are of high quality from a group of mixed quality.
Does it make sense then to continue to employ the services of a search firm to find talent for your organization? Consider that a professional executive search firm is in constant contact with candidates and hiring managers across the segments in which they specialize. This “constant contact” is with “passive” candidates who, when facing economic instability, are more likely to entertain a new opportunity if presented by a known, trusted advisor.
The bottom line…great people are hard to find in even the best “employer's market” circumstances, and only great people are a good investment when resources are dear. An investment in a search fee pays dividends when a new employee not only joins your organization, but contributes with the high level of skill, talent and character commonly found with employed “passive” candidates who “fly under your radar.”
Friday, August 8, 2008
Starting a New Job
While it's okay to hold onto some of things you learned in your previous jobs and use that knowledge in your new job, remember that every workplace has it's own way of doing things. Your first few weeks or even months on a job is not the time to change the way things get done. Do not utter these words: "That's not how we did it at my old company." Your colleagues will just be thinking this: "Well, you're not at your old company and if you liked it so much why didn't you stay there."
Here are a few more tips to consider when starting a new job:
Tone down the star quality
It's natural to want to impress your co-workers by sharing all of your terrific ideas right away. Resist that impulse.
Most colleagues will be threatened by your new ideas and will reflexively shoot them down.
Why? Because a) they're new ideas, and b) they're yours.
Remember, your co-workers thought they were doing pretty well before you showed up.
Instead, win over your new officemates by simply doing the job you've been assigned to do as well as you can. Then pick out some easy wins, small accomplishments that won't ruffle anyone's feathers but will further demonstrate your competence.
Maybe there's a nagging problem that everyone means to fix, but no one ever gets around to doing it.
There's your first job. Get a couple of minor accomplishments under your belt, and you'll earn your office's trust. After that, your ideas will be judged on their merits, not on who's proposing them.
Don't be Mr./Ms. Personality
Start slow when you're developing relationships. At the outset, respect is more important than friendship.
Be pleasant, be polite - but check your ebullience at the door. You don't get to make jokes for a while or spout off at meetings - gregariousness in a newcomer can be off-putting. It smacks of trying too hard.
Let your work speak for you. After a few weeks, you'll have built up enough good will to let your true self shine through. Get the inside scoop
Here's the challenge: You want to learn the culture of your new workplace - how things are supposed to work and how they really work because of the idiosyncrasies of co-workers - as quickly as possible, but you don't want to come across as prying.
Start by figuring out which people seem to be plugged in. Then approach them with simple questions about process ("How does Ms. Jones like to be kept informed about Project XYZ?"), steering clear of questions about personalities ("What's Ms. Jones really like?").
Chances are good that knowledgeable co-workers will pepper their responses with both types of info ("Send updates by e-mail, and keep them short - Jones is a real cut-to-the-chase type").
This way you get the information you need without looking like you were angling for it.
Know your boundaries at work
The border separating professional and personal relationships isn't easy to patrol, especially at smaller, informal offices. But conversational boundaries help to determine the reputation of an employee and staff. Simply put, boundaries preserve integrity.
Whether you're a principal, manager or rank-and-file employee, taking the following advice will help to ensure that conversations with co-workers never distract from a productive, positive workplace.
Beware of feeling informal. There's generally no clear rule about where to draw the line, so a good rule of thumb is to avoid issues that might make someone uncomfortable. Such topics of conversation may include romance, physical appearance, health, race, religion and personal finance.
Refrain from gossip. Remember: Those who talk to you about others will also talk about you to others.
Most gossip and other inappropriate conversations occur in places that feel informal, such as elevators, hallways and bathrooms or off-site like parking lots, restaurants. But co-workers should never get the false sense of security that they're off duty in these locations.
It's better to pretend your personal microphone is always on. Don't say something if you don't want it heard or repeated.
Forge office friendships with care. When you're at the office for around 2,000 hours a year, you're bound to develop friendships with co-workers. Some may become confidants with whom you share personal details.
Make sure you know and completely trust this kind of co-worker friend. It's a risk any time someone has knowledge about details you don't want to make public, particularly if co-worker friendships fizzle.
Expect boundary differences. The workplace not only combines people of different backgrounds, ages, talents and skills but also folks of different boundary types.
People with "overdeveloped" boundaries often are brash and don't notice they're sharing too much information, while people with "underdeveloped" boundaries often believe it's not OK to protest such communication.
Getting along at work is often a matter of being flexible and willing to compromise. It's also important to be tolerant of individual differences."
Employ tact. If you have a problem with a co-worker, address what you can do to solve it. Talk to the offending person directly and privately. If a co-worker says something that offends or upsets you, try to respond instead of react.
Talking behind someone's back makes the situation worse. Choose a neutral place away from your work area, such as over lunch or in a quiet area during a break.
Give 'em something to talk about
You don't have to be on your own for long. Determine who the influential people are (they are usually the ones whose opinions other people quote), and find a reason to work with them.
Get on their good side (by being competent, pleasant and professional), and you may find that a whole lot more people have started to warm to your presence.
Think of it as the workplace equivalent of a force multiplier. Get other people to toot your horn. Buzz created by others is far more valuable than buzz you drum up yourself. Ask for help, then take charge
Ask questions when you need information to complete an assignment. It's much preferred that employees admit not knowing something and show initiative in learning it rather than costing time and money by struggling with it on their own.
But asking repeatedly gets annoying. Most managers say they valued someone who can take orders and execute them well without having to be told repeatedly what to do.
What is welcome, however, is the employee who is proactive about figuring out what needs to be done and then doing it. One of the biggest mistakes new recruits can make is to assume that when they have nothing to do that there is nothing to do.
Know the boss
Whether you love or hate your managers matters less than whether you know what they value and what you can do to make them successful.
You need to take initiative to find out what's important to your boss and organization. Your value as an employee is measured by your showing results valued by your organization.
Few bosses are consistent about giving helpful feedback. And often they won't express their displeasure with your performance until it's too late. So, said Hollander, it's okay to say to your boss early on, "it would really help me if you could tell me when you're happy or unhappy with my work."
Cultivate good relationships
Good performance is just one part of your success at work. How you get along with managers, colleagues and subordinates is another.
Perception of performance is often colored by the quality of your relationships. Act like you're running for office. You'll need a vote from everyone. (But please ... don't act too much like you're running for office. There's nothing worse than glad-handing politicians with visions of poll numbers dancing in their heads.)
Humor is a big plus, but only if you have a good sense of when to use it and when not to.
Showing respect helps, too. A boss who acts friendly and casual does not mean to imply that “anything goes” and that you don't need to treat him or her with the proper respect.
And, don't skip the deodorant. Be well groomed, even if casual.
Don't watch the clock
This is not the time to work 9 to 5. Try 8 to 6. There's plenty of time to slack off later in life and the boss will take note.
If you have to stay a little late to meet a deadline or pull some hours on a weekend without being asked, it shows your commitment. It shouldn't be routine without compensation, but here or there it can get noticed.
It goes without saying, do not arrive late, be absent or ask for time off in the first 100-days of employment.
Listen…are you ringing the cash register?
It is easy to get distracted by a “to do” list filled with B, C and D priority items to “clear the way” to concentrating on the A priorities, like driving revenue. The fact is, all lesser pressing items somehow take care of themselves when revenues are rapidly increasing.
Even if pending A priorities seem insurmountable, tackle each top priority items during prime time work hours and chip away, move the ball downfield and press through every day. Save email, administrative and "catch-up" work for after hours.
Instead, reach for the sales opportunity first and make growing, contributing and developing promising new avenues to drive your new organization’s top-line, PRIORITY ONE.
Monday, March 3, 2008
Moving to a Small Company Can Lead to Big Rewards
By SARAH E. NEEDLEMAN
The Wall Street Journal
March 3, 2008 9:14 p.m.
With the U.S. economy under duress, a growing number of experienced workers may find themselves moving away from large companies toward smaller professional firms. In recent weeks, several large employers announced plans to trim their work forces while small companies hungry for top-talent are happy to take in corporate exiles.
There is a significant upside for professionals moving from a big pond to a smaller one. Senior managers at small and midsize firms often find opportunities to take on more responsibility, earn greater recognition for successes, gain ample exposure to new practice areas and have a more direct impact on a company's bottom line.
To be sure, small firms seeking to attract big fish still have to prove they're a stable alternative that offers competitive pay, but for some, the tradeoff is worth it.
More Impact
Before joining Internet company LinkedIn Corp. in July, Patrick Crane was one of five marketing vice presidents at Yahoo!. He's now the sole vice president of marketing at LinkedIn, which has roughly 220 workers.
"At Yahoo I shook [CEO Jerry Yang's] hand twice and had maybe less than five conversations with him in four years," he says. "Now I meet with our CEO [at LinkedIn] several times a day."
That close proximity to upper management often leads to quicker action. Mr. Macdonald, the former Bristol-Myers worker, says he has the power to get things done more expeditiously at his new employer, Acorda Therapeutics Inc. in Hawthorne, N.Y. "There's less bureaucracy," he says. "Decisions are made without having to go through a number of layers of approval."
Being able to influence a company's bottom line is what led Scott Ruthfield to join WhitePages.com Inc. in April as vice president of engineering and technology. "Everybody plays a core role, so if you do a good job, you are directly contributing to way the business is going to succeed," says the former Amazon.com Inc. manager.
That can also mean more ready recognition. "Every success you have in a small business is magnified by a hundred," says Dean Medley, senior vice president of recruiting at Medical Methods Inc., a staffing firm in Jacksonville, Fla., with 50 employees. "When you land a new account, it's a huge deal."
Small-company converts also mention the room to gain experience in new practice areas—or to return to the heart of a business—as another plus. "You get divorced from the nuts and bolts of operating a business when you work for large companies," says Mike Barnes, a newly hired logistics executive at Halton Co., a provider of construction equipment in Portland, Ore. Mr.
Barnes says the depth of involvement he has at his new firm has another upside: A level of job satisfaction he says he hasn't felt in a long time. Mr. Barnes also says his peers at Halton are less competitive than his former colleagues at larger firms
"People aren't climbing over each other attempting to reach the next level," he says.
That doesn't mean there aren't drawbacks to going small. For one, blunders are magnified. "When you have a setback, it's extremely painful," says Mr. Medley, who joined Medical Methods in 2004 after being laid off from Bank of America Corp.
Small businesses often have fewer support systems than large firms. "You might not have a legal team looking at everything you do," notes Mr. Rich. "There may not be a [human-resources] department." Office perks like free coffee and catered meetings might also be absent, he adds.
Recruiting Challenges
Bringing in brand-name talent can be a challenge for small companies, though. Some senior-level job hunters eschew such firms because they're typically perceived to offer less stability.
Tighter budgets mean smaller companies sometimes can't afford to pay salaries equal to those of big firms. Case in point: This year, chief financial officers at companies with $500 million or more in sales are projected to earn between $257,500 and $370,500 in average annual base pay, CFOs at firms with up to $50 million in sales are expected to receive between $91,000 and $122,250.
Many small employers provide alluring trade-offs such as shorter workweeks, less travel and work-life balance incentives including telecommuting arrangements and flexible schedules.
Employees who trek long distances to get to work at Rising Medical Solutions Inc.'s offices in Chicago and Milwaukee, for example, are given laptop computers with wireless Internet access, says Jason Beans, chief executive officer of the 115-person management-consulting firm. "They can leave at 4 (p.m.) and do work on the train," he says, adding that he plans to recruit about a dozen senior professionals this year, along with 40 others.
To be sure, some small employers eager to take advantage of the wider big-company labor pool say they're willing to compensate new hires more competitively. "If we want super stars, we have to be able to pay appropriate salaries," says Robyn Marcotte, senior vice president of talent at ePrize LLC, an interactive-promotions company. The Detroit-based 35-person firm wants to add 30 senior-level employees and 20 others by the end of next month, she says.
And, niche firms that compete with brand-names are more likely to offer salaries that are similar to big companies—and, perhaps, other ownership incentives. Tom Ryan, founder and co-chief executive officer or ICR LLC, a small financial-communications consulting firm, says he offers consultants a base salary he calls "competitive, even by Wall Street standards." Consultants also earn a percentage of their billings, "so there's no income cap," he adds. A performance-based pay model is critical for enticing top talent, notes Mr. Ryan. "Historically it's been difficult to get the right people," he explains. "You've had an incredible bull market since the tail end of the Internet bubble and the commissions these people generated have been really good." The Westport, Conn.-based firm, which services more than 200 publicly traded businesses, employs roughly 100 people and plans to add 10 more consultants this year.
Mr. Ryan's plans to bulk up may be a sign of the times for small and midsize professional firms. A recent survey of 500 firms with annual revenue ranging from $100,000 to $25 million (with average revenue between $5 and $9 million) shows that 57% plan to add workers this year, reports The Alternative Board, a small-business advisory board based in Denver.
"This is definitely a great opportunity for us to recruit talent from big companies," says Kaity Benedicto, human-resources director at Travelzoo Inc., an online media company with roughly 150 employees. "We've noticed more individuals are willing to talk to us now than ever." The New York-based firm plans to grow its staff by 40% this year, mainly with senior-level technology hires
Sunday, February 17, 2008
Four Secrets to Always Being Employable
Never before have Americans been as responsible for keeping themselves skilled and employable as they are today. I tell people to expect to have as many as nine different careers in their lifetime, with an average of three jobs in every one. In short, for those who don't keep a focused eye on their abilities to adapt and grow with the changing workplace, a day could come when it becomes tough to find a "good job."
How do some people always manage to be employed and on track for continued success? They follow the four secrets to staying employable.
1. Keep your definition of a "good job" reasonable.
As we progress professionally, we acquire skills and experiences that often afford us greater opportunities in terms of salary and benefits. The problem lies in making the assumption that once we are offered a larger compensation package that it becomes the starting benchmark for any job we take in the future. The result is the "golden handcuff effect" - a sense that we are held hostage by our current job because there's no place else to go.
Smart workers know each job opportunity provides criteria that must be weighed differently against our wants and needs. Staying employable means simplifying our list and planning for the day when we won't have the same level or type of perks. This keeps job options more plentiful and movement to new positions easier.
2. Use the "3x3x3 rule" to create and implement your own professional development strategy.
Forget about waiting for your annual review; smart workers take the review process into their own hands. Assess your professional strengths and weaknesses. Then build a game plan to leverage the first and minimize the second, you can identify how you plan to stay employable. I encourage individuals to follow the "3x3x3 rule" for skill development:
A. Choose three skills you want to enhance.
B. Identify three ways in which you could learn and grow each skill.
C. Articulate three examples of how you can demonstrate your enhanced skills in this area to your employer.
By taking professional development into your own hands, you remain focused and in control of your employability.
3. Be the "go-to" person for something employers need.
Like depositing into a retirement fund, employees use the early part of their careers to develop skills to accumulate professional wealth. Sadly, after a decade or so, some employees believe they've earned the right to live off of the interest accrued from their efforts. Mid-life often brings about changes in how an employee wants to allocate his or her time (ie. want more time with a spouse, family, home, hobby, etc.). Smart employees know this doesn't have to diminish the quality of the time they put into their careers. To stay employable, focus on being the "go-to" person for a particular problem, task or technique. Building subject-matter expertise in a specific area that's in demand within the workplace will create a personal insurance policy that ensures you'll always be the "go-to" employee who's in demand.
4. Create a board of advisors for your company-of-one.
Smart individuals don't do surgery on themselves, pull their own teeth or represent themselves in legal matters. They defer to professionals who have the training and expertise that gets the best results. Smart employees do the same with their careers. In an age where employees are in essence a company-of-one -- responsible for keeping the services they deliver in demand -- doesn't it make sense to seek the counsel from those who can help you make the best career decisions? Smart employees solicit the advice of individuals they feel approach career success in a manner they admire. Whether it's a relative, co-worker, former manager or even a professional career coach, seeking advice from those who know more than you will give you the perspective needed to be proactive and successful at staying employable.
Career paths are full of twists and turns; they're rarely straightforward. To avoid roadblocks, use the four secrets outlined above and you'll be able to make course corrections that will help you stay employable.
J.T. O'Donnell, career development specialist and co-author of the nationally syndicated workplace column "J.T. & Dale Talk Jobs" distributed by King Features Syndicate.
Copyright 2008 J.T. O'Donnell
Tuesday, February 12, 2008
How to Quit Without Guilt
But, it is not that simple. Leaving a job is as difficult as saying good-bye to your loved ones. Getting into a job is tough but quitting one is tougher.
Nearly everyone fears the thought of quitting a job. Not because we are not sure of getting a better opportunity, but because we just don't want to step out of the comfort zone and the uncertainty that causes. Most importantly, we do not want to hurt the feelings of managers and coworkers who invested in our success.
It is normal to contemplate missing the people you will leave behind by accepting a new job, and feel that you are letting them down somehow. Consider, however, that work is essentially an economic relationship, not a social one, so people have to do what's best for them. It works both ways, managers who lay off employees, feel the same way, even as they do what they know is right for the organization. In truth, your employer will survive without you. They survived before you were there and they will survive after. If making a move to a new position is the best thing for you, by all means tender your resignation in a compassionate and professional manner, giving appropriate notice.
The main reason people quit jobs is to better their career. Who could feel guilty about providing better for themselves and their family? You have to do for yourself, before you can do for others. Guilt is lessened when you realize that you would be inclined to do what is best for your loved ones before your employer, regardless of the quality of these work relationships.
When people leave jobs under normal career-progression circumstances (not when the threat of termination is present or because of extreme job dissatisfaction), most feel guilty and worry about “leaving in the lurch” managers and coworkers held in high regard. In contrast, after resigning is actually done and a little time has passed, the majority report that these feelings lessen as thoughts about the new position bring about excitement and positivity, characterized by certainty or acceptance.
When it comes to making tough decision about quitting, above all, you must know what you love and what you are good at. The ideal job is one that enables you to channel your best talents into what you best love doing. While that seems like a simple and obvious truth, it's not easy to implement. It requires effort. Perhaps that is why most of us prefer to compromise and settle for something that is “acceptable,” rather than take the less trodden path to seek out and accept the kind of job would most make us happy, where our passions and strengths are put to best and rewarding use.
Remember: Nothing worth doing is ever easy. If you want less than 100% job satisfaction, you don't need to take action. But if you want more, there's no shortcut. Self-awareness is the first step—realize that by receiving a viable job offer, your job-seeking activities is a statement of proof that your current job satisfaction is in serious question—consciously or unconsciously. The next step is to be courageous and quit, you have contributed to your employer commensurately with how you have been compensated—you can feel good about parting ways amicably, knowing that you are going forward in all fairness and good standing.
Friday, December 14, 2007
The Secrets of Recruiting and Motivating Talent
The survey of over 14,000 employees across Europe found that the most important factor for employee motivation was a clear sense of the company’s strategic direction. Andrew Cocks, a senior consultant at the firm, explains: “Business leaders who articulate the business strategy give employees a clear ‘line of sight’ to how they can best contribute to the performance of their company, but the benefit goes beyond this. It helps to build trust in the company and its management and creates a positive environment where all employees have well understood shared goals.”
If clarity is key for engaging and motivating employees, your company’s brand may be the biggest factor in recruiting them in the first place. Irish branding strategist, Krishna De, uses recent research from Jobs.as.uk as a jumping off point for a blog post on the topic. The research found that 86 percent of job seekers rate the strength of a potential employer’s brand as an important factor when considering whether to apply.
Krishna De comments: Think about it - can you remember a time when an executive search firm or recruitment consultant contacted you about what sounded like a great opportunity, but your heart sank when you heard what the company was?… You already had a mental and emotional picture of what that company stood for - both in terms of their reputation and their employer brand. It doesn’t matter how you came to your conclusion or if it was correct - you came to a conclusion.
She goes on to suggest that companies who are facing difficulties recruiting, start by doing a little research as to what potential candidates think of their employer brand. Listen carefully, even if you hear some less than positive things. What can we conclude if we put the two studies together? Employer brand is key for attracting talent. Clarity of vision is necessary to keep them engaged. By Jessica Stillman
Monday, November 26, 2007
Deal With The Stress of a New Job
While it's okay to hold onto some of things you learned in your previous jobs and use that knowledge in your new job, remember that every workplace has its own way of doing things. Your first few weeks or even months on a job is not the time to change the way things get done. Do not utter these words: "That's not how we did it at my old company." Your colleagues will just be thinking this: "Well, you're not at your old company and if you liked it so much why didn't you stay there."
The length of time it takes you to adjust to a new job varies from person to person, and job to job. While you may fit in immediately at some jobs, it may take a little longer in others. And some people seem to fit in immediately wherever they go. All you can do is try your best, and do your job the best way you know how. The following tips may help:
New jobs present many changes and challenges, and it's natural to feel stress over this. There are several things you can do to both relieve stress and combat its effects. Here are some suggestions in dealing with stress at a new job or in any other situation that requires change and adjustment:
Find Support: If you can, find support from people in your life. Talking about what's stressing you should help a lot.
Quick Stress Relievers: There are many ways to calm down quickly when you suddenly get blindsided by stress and feel overwhelmed. The following are a few quick and easy ways to regain your calm so you can deal with whatever situations are at hand:
Once you've been able to calm down, you should be in a better position to address whatever stressful situations you're experiencing. It's also a good idea to adopt a few regular stress relievers and healthy lifestyle habits so that you can reduce your overall stress level, experience less stress and are less bothered by the stressful situations you do encounter.
Have a Regular Stress Relief Hobby: Try to maintain some time in your life to do some stress-relieving in your life, so that you feel less stress overall--exercise, a hobby, or another regular practice that you enjoy.
Take Care of Yourself: If you're able to eat right, get enough sleep, and take vitamins, you'll be less worn down physically so you'll be less reactive to stress, and you'll be in better overall health.
People have deep attachments to their work groups, organizational structures, personal responsibilities, and ways of accomplishing work. When any of these are disturbed, a transition period occurs. During this transition, people can expect to experience a period of letting go of the old ways as they begin moving toward and integrating the new.
Source: About.com
Saturday, November 3, 2007
Make Your Company a Talent Factory
An astonishing number of companies are struggling to fill key positions. This talent shortage is putting an enormous strain on their potential to expand into new markets. One real estate development firm recently had to pass on a 500 million major reconstruction job after realizing it hadn't groomed anyone capable of leading the project.
Talent shortages have two causes: Companies' talent development strategies are out of sync with their strategic goals. And senior executives lack a deep-seated commitment to talent management.
To create a free-flowing pipeline of current and future leaders, Ready and Conger recommend marrying "functionality" (rigorous talent processes that support your company's strategic objectives) with "vitality" (a passion for talent cultivation among executives). At Procter & Gamble, for example, the CEO and senior team personally teach all the leadership development courses for the company's top 300 executives.
The Idea in Practice
Building Functionality
Ready and Conger recommend these processes to help you put the right people with the right skills in the right place at the right time:
Help people understand your strategic objectives. For example, financial services giant HSBC holds conferences to educate employees about the firm's strategy for increasing cross-unit collaboration and to highlight collaborative initiatives. At one conference, some general managers explained how they transferred a client from the commercial banking unit to the private banking unit. Previously, the first unit to "own" that client wouldn't have shared him with other units, because the original unit wanted to still be associated with that client's revenues. After each conference, participants are asked to commit to doing one or two things differently to strengthen the firm's collaborative capabilities.
Groom people for complex, challenging jobs. Consumer products company P&G's growth strategy hinges on winning in emerging markets. To help high-potential employees advance, the company moves them through a portfolio of senior-level jobs categorized according to strategic challenges, size of the business, and complexity of the market. First-time general managers might initially take a relatively small country-manager position and then be placed in charge of larger countries and, later, of regions.
Fostering Vitality
To foster vitality:
Build commitment to talent development. P&G hires 90% of its entry-level managers straight from universities and grows their careers over time. It also sponsors a college intern program that offers participants chances to assume real responsibility by working on important projects. The company takes on former interns as full-time employees at a percentage well above that of most competitors, modeling commitment to talent development.
Encourage engagement. HSBC requires each unit to have a talent implementation strategy. These plans explicitly link a unit's growth objectives to its people development activities. The corporate head of talent works closely with each unit to develop its proposed strategy and presents the aggregated plans to the group head office, highlighting any talent gaps that could threaten the firm's growth objectives. This process keeps talent management high on the agendas of line and corporate leaders, and prevents them from getting distracted by seemingly more pressing problems.
Ensure accountability. Hold all managers and executives accountable for doing their part to make talent processes work. P&G's CEO A.G. Lafley claims ownership of career planning for all the general managers, vice presidents, and talent pools involved in the company's top 16 markets, customers, and brands.
Copyright 2007 Harvard Business School Publishing Corporation. All rights reserved.
Tuesday, October 16, 2007
Top Ten Tips for Job Seekers to Ace Phone Interviews
isn’t the added anxiety of choosing the right shoes or tie, getting stuck in traffic, or
having enough copies of your resume handy. But just because there aren’t these
worries to deal with, phone interviews shouldn’t be taken lightly—they are often
challenging in their own way. In fact, bombing on the phone often means there
will be no chance to stress about pinstripes. Job candidates won’t get to the next
step unless they effectively prepare for and conquer the phone interview.
Because there are more jobs available—and many qualified candidates hoping to
take the spot—HR professionals and hiring managers are still inundated with
resumes. Phone interviews are becoming more and more prevalent because they
give employers the opportunity to screen prospects to see if candidates sound as
good as they look on paper—before committing to a face-to-face meeting.
What can job seekers do to help ensure that they succeed in making a great first
impression over the phone? The following are ten tips to acing your next phone
interview:
1. Be old fashioned and find a land line.
Unless it is absolutely unavoidable, do not conduct phone interviews from a cell
phone. Wireless service is too unreliable and can result in dropped calls, echoing,
interference, and background noise. Regardless of your choice of phone, you
should make sure the interviewer can hear you clearly. You don’t want a good
interview spoiled by a bad connection.
2. Think “free.”
You want to take the call in an area where you can speak freely, away from
distractions. If you call from work, make sure you are able to speak without
restraint. You don’t want to give shortened or code answers because you’re afraid
your boss or coworkers might overhear. If you’re at home, be sure to avoid
disruptions. Turn off the TV, send the kids to the neighbors and deactivate the
call-waiting feature on your phone.
3. Be prepared.
Have your resume and the job description at the ready. It’s easier to recall and
access information when it is in front of you.
4. Do your homework.
Research the company the same as if you were preparing for a face-to-face
interview. Search the web for information about the organization, its founders,
products and services. Read what the industry press is saying. Find out what the
company does, what stage of growth it’s in, and what kind of buzz it’s getting.
5. Stand up and smile!
By standing, you are literally and figuratively “on your feet.” Standing and smiling
mentally prepare you for interview mode. You will speak more clearly and be more
attentive. It puts you in the right frame of mind and increases your energy level.
6. Let the interviewer lead.
While it is important to remain an active participant in the conversation, don’t
dominate the dialogue. The hiring manager most likely has only 20 or 30 minutes
set aside to assess your competencies and compare you to other candidates. Don’t
be passive, but let the interviewer guide you through the process.
7. Ask thoughtful questions.
It makes sense to prepare some targeted questions ahead of time to ask during
the interview. The questions should be about the position, your assignments or
about the company’s culture or structure—information that can’t be found via a
web search.
8. Demonstrate your passion.
How do you feel about your career, your industry or this job? If you love it, let
them know! Convey your energy and enthusiasm. Don’t get stuck in a monotone
diatribe.
9. Don’t bore the gatekeeper.
Most phone interviews are conducted by a member of HR who doesn’t want to hear
the technical intricacies of the software you developed or the minor details of the
M&A you helped push through. The phone interviewer wants to know if you
communicate well and if you’ll fit within the company culture. These initial
interviews provide a chance to let your interpersonal skills—not your technical
skills—shine.
10. Nix the tics.
Speech tics and stallers, such as “um,” “er,” “like” and “ya know” are even more
glaring during phone interviews when there isn’t anything else on which the
interviewer can concentrate. Remind yourself to speak slowly, concisely and
carefully to avoid these conversation faux pas.
During a phone interview, you have a chance to make an impact quickly. People
don’t often realize the power of their voice. But on a phone interview, that is all
the interviewer has to go by. If you are unprepared you won’t get your foot in the
door for that next interview. Following these ten tips will help you ace your next
phone interview and be well on your way to securing your next position.
Compliments of Winter, Wyman