Business & Talent. Aligned.
How you manage talent spells the difference between success and failure. To gain a competitive edge, leaders must be prepared to address shifting economic, social and demographic trends that impact workforce performance. Stay informed with research, insights and advice from our leading industry experts. The world of work is changing. Is your company ready?
Wednesday, November 16, 2011
Lending a Helping Hand to Job Seekers
The survey found that people who already have jobs are nearly always prepared to give time or other support to those who ask it. The finding has never been truer than today based on our experience as career advisors. Unemployment is high and so is overall dissatisfaction in the workplace, according to recent research. Job seekers include both unemployed and employed who are looking for better opportunities. The good news is that they may rely on people’s genuine willingness to help in their hunt for a new position.
A clear majority of jobs are found via person-to-person contact, not the Internet or job boards. Another of Right Management’s studies found that as many as two out of three jobs come by way of networking, where people in one’s network help to put the job seekers in touch with others who may also be able to help. This is a key fundamental of effective job searching. The new finding indicates that the job seekers will almost always receive positive responses from people whom they contact.
Job seekers should ask for insight into specific organizations or industries. The job search is all about approaching individuals to build a network of more people who may be able to help. It’s a continuous process, person-to-person to the next person. The goal is to get names and contact information in order to go the next step. This works because people are disposed to help, even if they themselves don’t happen to know of a suitable opening. But they’ll often know of someone who may be able to help in the process.
Friday, November 11, 2011
Many Employers Unaware of Veterans’ Skills
Many prospective employers have little appreciation of the strong skills that military veterans bring to civilian organizations. In my experience as a military veteran and talent consultant, employers sometimes think military experience is narrow or not easily transferred to a business setting. But veterans have a remarkable range of competencies and abilities of great potential value to today’s organization. The challenge has become one of changing some perceptions, or communicating with civilian recruiters and hiring managers the facts about veterans’ transferable skills.
Veterans generally have the inherent and learned ability to adapt to any new work setting. They tend to possess exceptional communication and leadership skills, a strong work ethic and the positive expectation they will function efficiently and effectively.
Based on the work we have been doing in helping to transition veterans to employment in the U.S. and Canada, we see that employers have a number of reasons to hire veterans:
- Work Ethic – Companies want men and women who work hard and have a service-oriented attitude, and most ex-military candidates find this easy to do.
- Accelerated Learning Curve – Veterans have a proven ability to learn new skills and concepts rapidly, entering the workforce with identifiable and transferrable skills, proven in real-world situations. This background can enhance an organization’s productivity.
- Respect for Procedures – Ex-military have gained a unique perspective on the value of accountability and can easily grasp their place within an organizational framework, becoming responsible for subordinates’ actions in relation to higher supervisory levels. They know how policies and procedures enable an organization to function.
- Performance Under Pressure – Veterans understand the rigors of tight schedules and limited resources and have developed capacities to know how to accomplish priorities on time, in spite of high stress.
- Leadership – The military trains people to lead by example as well as through direction, delegation, motivation and inspiration. Veterans know the dynamics of leadership as part of both the hierarchical and peer structures.
Veterans seeking civilian employment to identify transferrable skills and abilities that can be applied equally from one job to another and communicate these to prospective employers.
As the corporate world continues to struggle with a looming leadership shortfall, shifting demographics and a growing gap between needed and available skills it makes sense to take a close look at returning veterans.
Tuesday, September 20, 2011
New College Grads Find Job Market Tough
No one can ever say this year’s college grads are complacent. They are facing a sluggish economy and a difficult job market, but the ones we’ve met seemed very determined and will do the hard work they need to get the kind of work they really want. Employers will find these grads eager to learn and get the job done.
The survey was deployed during complimentary job search planning workshops we conducted with 365 college graduates across 42 North American cities between May and July.
Three out of four (76%) graduates believe it very possible or somewhat possible for them to find the job they want, down from 91% in the same survey a year ago. Twenty-two percent think it is not very possible or not possible at all, and 2% said they don’t know.
Many of the graduates seem to be employed at least part-time or not in positions of their choosing. Consequently, only 8% are able to work full-time on their job hunt, while 42% reported that they are spending as much time as possible. In particular, parents have been helping graduates by far the most, followed respectively by relatives, classmates and the college office. Once again proving how networking is the best approach for sourcing new career opportunities.
Thursday, September 15, 2011
Top People Are Prime Targets for Other Companies
The study explored the role played by senior management in a broad range of leadership development areas including management succession and the nurturing of the next generation of corporate leaders. According to the study’s findings, 56% of organizations report that other employers seek to recruit their best people. Only 4% strongly disagree.
Other companies actively try to recruit our leaders.
Strongly disagree 4%
Disagree 11%
Agree 43%
Strongly agree 13%
No opinion 29%
As aggressive competition becomes increasingly adept at replicating products, services, operating models and marketing strategies and worldwide demand for certain skills sets rises, senior and operational leaders are realizing that talent is the last remaining source of competitive advantage. So, it is no surprise that there’s a global war being waged for talent. No organization today is immune from the stresses of effective retention or competitive recruitment. CEOs and HR staffs are right to feel enormously vulnerable and many are stressed seeking ways to hold onto their rising leadership.
Even though most organizations report that other companies have targeted their top performers, survey respondents are not necessarily positive about their own leadership pipeline. Nearly half the respondents (47%) expressed doubts about the strength of their middle-level pipeline, and only 27% said their company has a sufficient number of qualified internal candidates that are ready to assume senior manager/executive positions.
At the same time, those organizations that have strong leadership programs are more likely to feel as though they have qualified candidates at both levels. Programs that were rated highly generally had a combination of key elements: assessment and feedback, coaching and mentoring, formal classroom training as well as action learning.
Friday, September 9, 2011
Best Practices for Letting Employees Go
Yahoo CEO, Carol Bartz, was recently fired over the phone by her fellow board member and Chairman. There’s been a backlash by reporters and career professionals quoting this situation as an example of how not to let employees go.
Right Management’s best practice recommendations include:
- Prepare the materials - Assemble written documentation if the termination is performance related. If the termination is due to job elimination, explain the rationale. Prepare all severance information in writing: notification letter, salary continuation/severance period; benefits; outplacement counseling, and other pertinent information.
- Prepare the message - Write out the script you will use during the meeting and the information you will convey to remaining employees. List two or three factual reasons for the termination. Keep everything short and to the point. Set the stage in general terms. Discuss overall business reason for the action.
- Plan for the Meeting - Determine the time and location of the meeting. Review and rehearse talking points. Be familiar with key components of separation package. Prepare to answer likely questions. Know what resources are available.
- Arrange the next steps - Schedule additional meetings with HR and the outplacement consultants. Review what should be done with personal belongings. Specify when the employee should say “good-bye” to his or her colleagues and leave the organization.
- Prepare yourself emotionally - Don’t assume personal responsibility for the termination. Remember, it is a business decision based on business needs. Prepare your approach and talk about your feelings with the human resource professionals and outplacement consultants.
- Anticipate employee reactions - There are typically reactions - shock, acceptance, relief and quiet. And sometimes there are unusual reactions - very angry, overly emotional, manipulative, out of control/violent. By acknowledging these various reactions and learning to recognize them, you will ensure that no matter what the reaction, you will be prepared to handle it in the best way.
- Communicate with remaining employees – Prepare a statement in advance. Managers should be visible and prepared to answer questions, keeping the focus on the business reasons for action and the plan for moving forward while respecting the dignity and privacy of the impacted employee(s).
The decision to let employees go is never an easy one to execute. Be prepared and minimize the stress and disruption to both you and the departing employee(s).