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ITB Partners – Management Consultants
Our Business is Your Success
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As I write this post it is a balmy 72 degrees with clear skies over Tampa Bay. Yes, life is good. I drove down yesterday to meet with my protégéas a part of the USF College of Business Mentor Program. Yesterday was down-time, so I caught up with friends and family. It was an interesting afternoon and evening that perfectly framed the “new normal.”
Upon arrival I enjoyed lunch, a few beers and a cigar with friends. Shortly after the arrival of our beer and a brief toast, Mark asked; “Jim, what am I doing wrong?” Mark spent 25 years with a global technology company, followed by 5 years with a local governmental body. Now unemployed, he is seeking his next opportunity. Mark is most adept at directing large teams, but not close enough to the actual technology. He is finding it difficult to gain employment in the same line of work. I reminded him again that those jobs don’t exist anymore and that he must explore other options. My comment to Mark was clearly hyperbole, but not completely. As in most recessions, employers have reconfigured their overhead to the chagrin of highly compensated executives. This time around, technology has created more options for employers, particularly out-sourcing. Everyone has heard about activity moving to “the cloud.”
Later that evening I had dinner with relatives. Christopher, a recent honors graduate, is learning his new job. He is literally on the front lines, using technology to help management make better decisions. Christopher is making a good salary and has some excess funds to save and invest. He had a lot of questions about investing, so we talked about 401ks, IRAs, and the benefits of mutual funds in general and index funds in particular. We also talked a little about advancing his career skills. He is like a sponge, soaking it all in.
His father has a good, middle-management job with a global professional services company. He spoke about his relief to have passed a series of technical proficiency exams required by his employer. He clearly understands the importance of staying current in his career, so he welcomed the training, even if it was a bit unnerving. Interestingly, Mark, Christopher, and his father, are MIS/IT/IS professionals, and USF Alums. I can hardly think of better examples of the current employment situation.
I am reminded of two IS Professionals I met recently through a referral. Chris and Joe have backgrounds very similar to Mark but they decided to start a Consulting Group when they lost their jobs. These guys have a very clear understanding of the new normal, taking a proactive approach to achieve their career goals. They have developed a positioning strategy which they are diligently working to validate via client acquisition. As with any start-up, they are having their ups and downs. The key take-away is that Chris and Joe are in the game. They are learning how to be relevant to the market, making adjustments on the fly. I am confident that their abilities and tenacity will ensure their success. I hope to be helpful to them in this connection.
If you are going to be in the game, (my metaphor for gainful employment) be in the game! We live in a very competitive world which requires constant learning to find your niche and maintain a competitive edge. The game has changed in the new normal. You must adapt or plan to warm the bench.
Thank you for visiting my blog.
Your feedback helps me continue to publish articles that you want to read. Your input is very important to me so please leave a comment.
Jim Weber, President
New Century Dynamics Executive Search
www.newcenturydynamics.com
As I draft this post I am reminded of three current clients. One is a small, growing enterprise trying to optimize its resources to aid in profitable development. A second is an established manufacturer reorganizing itself for sale. The third is a large company which has made a number of acquisitions that must be integrated into their core business. Each of these businesses compete in diverse industry segments following different strategies to achieve their objectives. As one would surmise the experiences they look for in potential hires is distinctive. You can be certain, however, that the hiring managers in these companies are looking for senior executives with experience that matches their particular situation. Call it situational experience.
It occurs to me that this is a fair representation of the “new normal.” The career opportunities are declining within large established companies. Major corporations have learned to be more efficient with less. They offer fewer opportunities for middle managers and highly compensated, over-50 aged candidates. However, the organizations currently looking for people are emerging companies or those working to find a relevant niche. Emerging brands, PEG portfolio companies, established companies repositioning themselves and those experiencing major change are looking for people with experience that closely matches their situations. These situations may be more risky but they can be very rewarding. Private Equity Groups want C-level candidates who have experience working with PEGs. If the employer is a start-up, they will be looking for people with start-up experience. If they are preparing for an IPO they are looking for people with IPO experience, especially CFOs and controllers. You get the point. Today, employers are looking for specialists who can make an immediate impact. They are looking for people with situational experience. Generalist backgrounds are not in demand so much, especially for the 50+ age group.
There are three primary components to one’s career positioning strategy: Job Function; industry segment; and your pay grade. All of these components are fairly straight-forward. Begin by evaluating your experience to understand where you have particular strengths and experience which can be packaged as a specialty. Seriously, this task cannot be that difficult. After all, personal experience gained with LBOs, mergers and acquisitions, rightsizeings, and re-organizations are all great examples of situational experience. Perhaps you have been involved in implementing new hardware and software solutions to automate processes. Or you have been involved in re-engineering activities to help employers become more efficient. Experience gained in involvement with a company turnaround can be invaluable.. Maybe you have been in a family-owned business or experienced an IPO. Maybe you have been involved in a successful Chapter 11 reorganization. There are many employers today who face those same issues. They are looking for you!
Hiring managers have become very particular in their requirements. They seek industry-specific candidates with situational experience. The key to a successful job search is to position yourself as a problem-solver who will assuage the hiring manager’s risk aversion. The Over-50 job seeker must have a career story which speaks to high-value, specialized knowledge and experience. The flexibility of today’s word processing software allows you to create resume versions tailored to emphasize certain parts of your background, positioning you as a specialist.
Think about your career. Find those common threads that you can position in a compelling way to fit the new normal.
Thank you for visiting my blog.
Your feedback helps me continue to publish articles that you want to read. Your input is very important to me so please leave a comment.
Jim Weber, President
New Century Dynamics Executive Search
www.newcenturydynamics.com
Thank you for visiting my blog.
Your feedback helps me continue to publish articles that you want to read. Your input is very important to me so please leave a comment.
Thank you for visiting my blog.
Your feedback helps me continue to publish articles that you want to read. Your input is very important to me so please leave a comment.
On May 18 2014, year I posted an article about the importance of improving your image to enhance your job search prospects. Most of that post was focused on diet but it did speak to the importance of exercise to help slim down.
Your confidence and self-worth is likely impacted by your view of your image. If your self-confidence is negatively affected by your image, you will not perform well at interviews or at networking. Your image is important, but, your mental state is being evaluated as well, to be sure. One affects the other. If you cannot work through the stress of job search, it will be evident to anyone you meet. Exercise, however, is an excellent way to moderate stress, especially important during job search. A body engaged in some form of exercise will relieve the mind of worries that lead to stress.
While doing some research for this post I found a few highly relevant articles. So, instead of pontificating on the subject I have linked to articles listed below, which I know you will enjoy.
Workouts for Less Stress: Get ripped and relaxed. By Scott Quill, march 04, 2013: Published on Men’s Health (http://menshealth.com
In this article Scott Quill recaps work by Steve Edwards, Ph. D., professor of sports psychology at Oklahoma State University. Edwards spoke to six distinct exercise personalities and then matches exercise routines to fit each personality type.
Stress Management – Ways to Relieve Stress
http://www.webmd.com/balance/stress-management/stress-management-relieving-stress
“According to Matthew Stults-Kolemainen, Ph.D., a kinesiologist at the Yale Stress Center says that exercise attacks stress in two ways; Exercise promotes production of neurohormones like norepinephrine that are associated with improved cognitive function, elevated mood and learning. And that can improve thinking dulled by stressful events – some research even shows how exercise can make you smarter.”
Benefits of exercise: reduces stress, anxiety, and helps fight depression, from Harvard Men’s Health Watch.
http://www.health.harvard.edu/press_releases/benefits-of-exercisereduces-stress-anxiety-and-helps-fight-depression
“Regular aerobic exercise can bring remarkable changes not just to your body, your metabolism, and your heart, but also to your spirits, reports the February 2011 issue of Harvard Men’s Health Watch. Aerobic exercise is the key for your head, just as it is for your heart. It has a unique capacity to exhilarate and relax to provide stimulation and calm, to counter depression and dissipate stress. Exercise reduces the levels of the body’s stress hormones, such as adrenaline and cortisol. It also stimulates the production of endorphins, the body’s natural painkillers and mood elevators. “Harvard Men’s Health Watch notes that you should exercise nearly every day. That doesn’t necessarily mean hitting the gym. But it does mean at least 30 minutes of moderate activity. “
Stress Management
“Exercise in almost any form can act as a stress reliever. Being active can boost your feel-good endorphins and distract you from daily worries.”
http://www.mayoclinic.org/healthy-living/stress-management/in-depth/exercise-and-stress/art-20044469
“Physical activity pumps up the production of brain’s feel-good neurotransmitters, endorphins. Sometimes called a runner’s high. Focus on a single task like exercise or mental activity results in energy and optimism, helping you remain calm and clear.”
“Regular exercise can increase self-confidence and lower the symptoms associated with mild depression and anxiety. Exercise also can improve your sleep.”
9 Exercises for Stress Relief
Kate Hanley, Published December 03, 2014
www.lifescript.com/diet-fitness/articles/t/top_9_stress-reducing_workouts_for_women.aspx
“Chronic tension can be the culprit behind both long-term conditions (depression, heart disease, type 2 diabetes, high blood pressure) and everyday health woes (headaches, back pain, insomnia, upset stomach, anxiety, anger). “
Summary
While you are between jobs, working on your image will help you manage stress. Practice your favorite routines until they become habits. Intense, rigorous exercise like jogging or cycling is awesome, but it is not your only option. Low impact activities like Yoga, Tai Chi, and dancing can be beneficial. Breathing exercises, and muscle relaxation routines are useful too. Skill-based sports like golfing and tennis are great options, if you are already familiar with those sports. Don’t underestimate the value of mundane activities such as housecleaning or gardening.
Do something for yourself. An appropriate physical activity will help you look and feel better. Achieving exercise goals will improve your image and self-confidence while helping you manage the stress level. Set goals and find a partner to keep you company. Focus on the task at hand while exercising. Don’t let your mind wander. Especially avoid negative thoughts. It will also burn off a lot of the stress that comes from the ups and downs of job-search.
Thank you for visiting my blog.
Your feedback helps me continue to publish articles that you want to read. Your input is very important to me so please leave a comment.
Jim Weber, President
New Century Dynamics Executive Search
www.newcenturydynamics.com
Thank you for visiting my blog. Your feedback helps me continue to publish articles that you want to read. Your input is very important to me so please leave a comment.
Jim Weber, President
New Century Dynamics Executive Search
www.newcenturydynamics.com
Thank you for visiting my blog. Your feedback helps me continue to publish articles that you want to read. Your input is very important to me so please leave a comment.
Jim Weber, President
New Century Dynamics Executive Search
www.newcenturydynamics.com
Thank you for visiting my blog. Your feedback helps me continue to publish articles that you want to read. Your input is very important to me so please leave a comment.
Jim Weber, President
New Century Dynamics Executive Search
www.newcenturydynamics.com