ARTICLES
Written By Rich For You.
The Best Time To Find A New Job Is When You Don't Need It.
In other words — Always be prepared to leave a job, because your employer is always prepared to leave you. More and more, many companies (not all, mind you) find themselves letting employees go for a number of different reasons.
In other words — Always be prepared to leave a job, because your employer is always prepared to leave you. More and more, many companies (not all, mind you) find themselves letting employees go for a number of different reasons. Too young/too old, too much/too little salary, old/new employee, old/new direction, high/low level position are just some of the myriad reasons why people are let go from their place of employment. Sometimes we find ourselves in the crosshairs and next thing you know, you're packing up your desk in a cardboard box.
"About six months ago i was offered a job from a supplier to my company, but I felt decently happy and comfortable working where I was. To my surprise I was laid off from work last week, and am now looking for a job."
You need to be prepared — here are the big six things I tell my happily employed clients to shield them from layoffs:
Keep your résumé/LinkedIn profile current and ready to go at a moment's notice.
Ask for testimonials when you finish projects/leave divisions/manager's move.
Embrace recruiters and interview — you never know what great position you might run into.
Develop a robust emergency nest egg (just in case).
Build your network — maintain past relationships and grow new ones with key people in your industry.
Most important — keep your skills current and focus on in-demand areas.
I hate to say this — the idea of living through a career with the same company seems to be long, long gone. Most people should expect to move at least every 2-3 years. If you don't, your employers will.
In addition, rarely will you experience major jumps in position/salary/benefits at the same organization. Most people experience larger percentage jumps when they move when they still have a job (check out this Forbes article). Waiting for a company to can you to get that severance package is a frequent strategy (especially if it's a big package), but your value in the marketplace is severely reduced.
By the way . . . if you're thinking, "I'm irreplaceable, they can't function without what I know" then you're underestimating an organization's willingness to protect themselves and make haphazard decisions based on human greed and emotions.
Day One on your new job is the first day of your new job search. Never stop looking for better. The minute your current employer doesn't need you, your butt will be out the door. Again, this perspective is not for all organizations, but it does cover the majority out there.
P.S. One final rule — Always backup key email, contacts, and project files (just in case). Most people forget how important this information is until they don't let you go back to your computer and walk you out of the building. So much of your potential portfolio when you're looking for a new job will be gone if you don't save it somehow. Be prepared and always back up to a personal thumb or external hard drive.
Treading Water Is The Same As Drowning.
Many people today feel they are just 'one bad decision away' from losing their job or business. So instead of making decisions, they make NO decision. Or if they have to make a decision, they take the least offensive, least impactful, least expensive, and most spineless way out. Most of the time, that's the wrong thing to do.
What happens? You ensure management is happy while you infuriate your staff, vendors, and smart clients.
Who thinks big and takes chances? Apple.
- In 1998 — they launched the iMac without a floppy disk drive ("How will we transfer files?).
- In 2007 — they launched the iPhone - no experience (joining the fray with huge, entrenched leaders).
- In 2010 — they launched the MacBook Air without a DVD drive ("How will I watch movies?").
- In 2016 — they launched a new MacBook Pro with 4 USB-C ports ("How will I connect my stuff?).
Each time the media made fun of them and pundits attacked. One year later, everyone embraced the change and moved forward. The result? One of the biggest companies on the planet with a product line admired by all.
To move up and to be noticed by the people that matter, you need to be bold and sometimes stick your neck out. You might hit a home run (most of the time) and sometimes, you might get it cut off (rarely).
That's why I suggest to my clients that they all have INSURANCE. For example:
- An up-to-date résumé, done by a professional, ready to be distributed at a moment's notice.
- A polished and professional LinkedIn page, with recent professional headshot, testimonials, etc.
- Actively networking and connecting with movers and shakers outside of your sphere.
- Learning new things about your industry, taking classes, reading books and writing about what you learn.
- Attending events (industry symposiums, charities, etc.).
- Finally, hire a coach — they help you perform at your peak and help you make the tough decisions.
Once you have those things in your back pocket, it's not that hard to make the tough decisions that need to be made.
Here's a powerful scene with John Goodman (it's a bit rough with the language — but you'll get the gist):
"I Can't Find A Job!"
The title of this post is so often repeated in the media — all the way from college students who have just graduated to middle managers who have lost their job to workers in the sunset of their career. You need to TAKE CHARGE OF YOUR LIFE.
The title of this post is so often repeated in the media — all the way from college students who have just graduated to middle managers who have lost their job to workers in the sunset of their career. "I get up — I check out the job market — I send out a few resumes — and I never get a call back!" "What should I do?"
TAKE CHARGE OF YOUR LIFE.
It's easier said than done. But the reality is, there are more workers than jobs out there right now. And the premium jobs (management) are disappearing at a rapid pace due to productivity gains, technology, and the current economy. Check out this article.
BUT WHAT CAN I DO?
One option is to start your own business. It's never been easier in the history of people working. To start your own business, you need to clearly understand a number of areas:
- Knowledge of the Marketplace - is this needed?, is there a market for this?, are people willing to pay you for it?
- Drive & Hustle - a 'get off your ass' attitude to make it happen AND a drive to help you through the hard and complex times.
- A Vision - what is the future of this business?, where is it going?, who is your competition?
- A Mission - what are you going to do . . . exactly?
- A Plan - what are the steps, the timing, the resources, - the who, what, where, when, why and how?
Now you might say — "Start a business? How will I make money?" Let me give you an example:
There's a small shop in Kentucky called Gil Hibben Knives. You might have heard about them. Gil makes knives. Really good knives.
In addition to manufacturing his own knives, he runs classes where he teaches people to make their own knives:
- It's only offered once a month.
- The class runs for one week, each day from 9 AM to 5:30 PM.
- He only allows four people in each class. (he can probably run the class by himself)
- The classes are held at his shop in LaGrange, KY. (hotel, travel, food, etc. are your responsibility)
- He charges $995 for each participant.
The classes are FULL for the rest of the year.
Let's do a little broad math here: $1000 X 4 Students X 12 = $48,000/year.
And that's only working one week per month! This model allows him to work on manufacturing and other projects the other three weeks of the month! And let's be honest here — his site is pretty basic — it does the job, but anyone can do the same thing to market their services and wares. What I'm really saying is that it's pretty easy — don't let your mind develop obstacles.
And let me hazard a guess . . . he probably LOVES what he does.
So if the corporation work environment is slowly collapsing/changing — maybe you should strike out on your own and start that business?
It will be hard — it will tax you — but in the end, it will be well worth it.
P.S. I know there will be commenters who will say, "He's a famous knifemaker!" or "He's had his business for years!" or "Blah, blah, blah, blah, blah". You may be right, but from my viewpoint, they're just more obstacles you're putting in your way — moving you from success to mediocrity and failure. Get out there and do something!
The Rules Of Job Hunting Have Changed.
How is your job hunting going? Maybe you need to reassess how you look on the web — it's not just your resume anymore.
Bob Weinstein, a reporter who has interviewed me a number of times on job search, business, and career issues, has hit another home run again yesterday in the Connecticut Post, one of CT's largest newspapers. A whole article about job hunting rules from ME (click image or here to enlarge).
Bottom line:
- Take stock of all social media sites where you have been posting information.
- Step back and view each site with a laser focus — is there anything unprofessional?
- They are looking — especially LinkedIn, Facebook, Google+, and Twitter.
- Use these sites to enhance your professional image and stature in the industry.
A big shout-out to Bob — he's in a rarefied class all by himself - professional, understanding, and informs readers with solid and clear advice.
3 Ways To Update Your Career GPS.
It's about time. The recession is over, things are looking up, companies are hiring, executives are coming out from hiding in their offices and cubicles. For all intents and purposes, many of us have held our collective breaths for the past 2 years for this moment. It's now time to take stock of who we currently are, where we are in our career, and where we want to go.
It's about time. The recession is over, things are looking up, companies are hiring, executives are coming out from hiding in their offices and cubicles.
For all intents and purposes, many of us have held our collective breaths for the past 2 years for this moment. It's now time to take stock of who we currently are, where we are in our career, and where we want to go.
When you take a trip, you have a destination and a general idea of how to get there. Over the past two years, many executives have been fighting a valiant battle just to hold on to territory — fighting in the trenches — and hoping that something will happen to end the madness.
TIP #1 - Are You Happy & Challenged or Frustrated & Bored?
It's time to take stock of your current situation. Do you like your current position, responsibilities, boss, peers, and team? Do you see yourself moving upwards at a regular rate or have you been stuck doing the same old stuff? Do you yearn for new challenges? Do you want to do something completely different?
You need to analyze all of these criteria, and make a decision whether to stay where you are, move to another position, or move to another company. It's that easy.
TIP #2 - Are You Positioned To Make A Move?
Do you have the connections within your organization and/or outside in the marketplace to make a successful move? Who do you know? Who knows you? Is your resume up to date? Your LinkedIn profile? If someone Google's your name, what will they see? What options are their within your organization? A possible lateral move to a higher performing or higher profile department?
Start to make these moves right now — get out and start meeting people, get your papers and web presence in order and begin to keep up on what's happening in your marketplace. People tend to get stale when hibernating for 24 months.
TIP #3 - Are You Mentally Ready To Make A Move?
It's hard to get out of hibernation mode and into full 'action figure' mode. You have to want it. You can't be wishy-washy about your decision. You either want to stay or go — so when you make the decision, it's all systems "GO". I teach my clients there is either 'Yes' or 'No' — no 'Maybe'. Living in limbo is not only a bad situation, it can be mortally wounding your career. Take action now.
Act now or forever hold your peace.
On The Job, But On The Lookout for Work.
With the economy in the tank, one can never have too many friends.
With the economy in the tank, one can never have too many friends.
By Laura Holson at The New York Times
So a few weeks ago, Katherine Wu, an executive at NBC Universal, packed an overnight bag with her yoga mat and drove 80 miles to Mohonk Mountain House in New Paltz, N.Y., to a retreat organized by 85 Broads, a women’s networking group. In between spa treatments and sun salutations, she and 17 fellow executives discussed career prospects in an unsettled economy.
It was not her first time at such an event. Ms. Wu, 30, found the job she has now through 85 Broads. A self-described “networking evangelist,” her profile is posted on LinkedIn and she gets five to seven calls a month from people looking for jobs. She answers every one. It makes good sense, she explained. Someday it could be her placing the call.
“I equate this to dating,” Ms. Wu said. “Networking is a basic numbers game. If you don’t get out, you won’t meet as many people.”
With companies firing workers in droves and those with jobs worried that they could be next, 2009 is shaping up to be a golden era of networking. Universities have shifted alumni outreach efforts to focus on career counseling and networking instruction, rather than social gatherings.
The Center for Networking Excellence in New York, which advises companies, says requests for corporate seminars have increased 50 percent in the last year. Informal groups are popping up everywhere, inspired by people’s hopes that any connection might lead to the next job.
Although networking has traditionally been the urgent preoccupation of the unemployed, these days many are subscribing to the axiom that it is easier to find a job if you already have one. Networking before the pink slip arrives is a measure of the anxiety seeping into nearly every corner of the work world, during a recession that has already claimed 1.5 million white-collar jobs.
“People are worried about where the next job will come from even before they lose their old one,” said Janet Hanson, a former Goldman Sachs executive who was a founder of 85 Broads in 1997. “They know that three months from now, they could be gone, too. What we are seeing and what we expect to happen even more is that people are going to become chronic networkers.”
If anyone appreciates this, it is Vincent Lauria, the 29-year-old organizer of the Silicon Valley NewTech Meetup Group, whose membership has swelled 75 percent since last fall, to 3,500. Since December, attendance at a monthly gathering that Mr. Lauria organizes at a Palo Alto, Calif., law firm has tripled. He cuts off the guest list at a generous 200 and is still forced to turn people away. “I don’t want it to turn into a convention,” he said.
But clearly he is filling a need. Conversations among guests, Mr. Lauria said, tend to focus on two things: how long will the recession last, and whom can they meet who will help them if they are laid off.
Mr. Lauria said there is an increasing wariness in Silicon Valley among engineers and developers who are concerned about their own job security and, at the same time, are being hounded by peers desperate to connect. Two weeks ago, he had lunch with a friend who asked him for a contact at Twitter.
“I e-mailed two people who are connected to people there, but they both said ‘no’ because they have been asked to make too many referrals,” Mr. Lauria said. “They didn’t want to waste the political capital on someone they didn’t think would get a job.”
In this on-all-the-time generation, ubiquity is key. Consider Sonja Kosman, a 32-year-old executive at the online video advertising firm Spotzer Media. She attends two career-related events in New York each week, she said. Some are sponsored by Columbia University, from which she graduated in 2008 with an M.B.A. Others are through professional groups like Sobel Media NY: Media Information Exchange Group.
And that does not include Ms. Kosman’s online forays. Last year she joined a group through the networking site Meetup.com. And she has profiles posted on LinkedIn and Facebook, where she currently has 460 friends.
“You don’t know where the opportunities are going to come from,” she said. “They could come from sites. You could meet someone at an event, at the grocery store. You have to be open to anything.”
Social networking sites, particularly the business-oriented LinkedIn, are aggressively taking advantage of the hunger to connect in the current economy. LinkedIn has more than 37 million members and says it is adding a new one almost every second. Requests from people using the service to find jobs are up 48 percent from a year ago, the company says. The number of members writing recommendations for friends or colleagues (which are included on users’ pages) has grown 65 percent a month since December.
But so much networking comes at a price.
“If you are a good networker, it takes a lot of time,” said Cathy Stembridge, the executive director of the alumni association for Northwestern University in Evanston, Ill. “It’s not everyone’s cup of tea.”
Recently, Northwestern shifted its focus from organizing alumni parties and social events to offering job counseling seminars instead, Ms. Stembridge said. In February and early March, it held networking events in New York City, Austin, Dallas and Minneapolis. It also offered a new, four-part Web series with classes such as “How Do I Develop Lasting Connections?”
Anxiety about economic uncertainty has forced many to adapt in ways they might not have imagined a few years ago.
Joseph Farren, a vice president for global public affairs for Waggener Edstrom Worldwide in Washington, recently joined Twitter. He also began reaching out to old high school friends through Facebook. He said he feels the pressure to network more than he used to. “People are doing things differently because they feel vulnerable,” he said.
It is not just individuals promoting the benefit of having as wide a network as possible. Large institutions do so as well, said Liz Lynch, the founder of the Center for Networking Excellence. Recently, Ms. Lynch said that she was hired by both Google and Boeing to instruct employees on how to network within their own companies. “That is as vital to keeping a job as finding a new one,” she said.
Attending a yoga retreat or reminiscing online about the senior prom is strictly beginner stuff for the most enterprising networkers. A few weeks ago, while Scott G. Cooney, a real estate developer in Missoula, Mont., was getting his monthly $14 haircut, he was approached by an engineer who wanted to switch firms. He took the man’s card but he didn’t hire him.
The most enterprising job seeker he has seen, however, was a woman who for three months last year attended local planning commission meetings, introducing herself to Mr. Cooney each time. She was working part time at a construction company but wanted full-time work. Mr. Cooney finally hired her as his outreach coordinator.
“It has gotten quite interesting,” he said.
So, too, for Robert Raciti, a senior vice president at GE Capital. Recently a colleague asked him if he could get a free ticket to a media conference for a friend, a prominent employment recruiter. Mr. Raciti happily obliged.
“I thought, ‘Why not?’ ” he said with a laugh. “He’s a job recruiter. It couldn’t hurt.”
