Thursday, July 29, 2010

What General Petraeus Can Teach Job Seekers


In 2005, General David Petraeus was an executive in transition. Having fallen out of favor with the civilian leadership in the Department of Defense, he was reassigned to lead the Army's mid-level leadership school in Fort Leavenworth, Kansas. For a combat commander, that wasn't a lateral move, it was a steep step backwards. What the General did next, however, provides a rich case study of how to recover from a career setback.

Given his current high regard in both the media and the government, it's easy to forget that General Petraeus was an outsider looking in just five years ago. How did he accomplish this extraordinary transformation? He followed a game plan that every single person who is out of work and feeling out of luck can and should emulate. It involves just three steps:
  • Reinvigorate your talent
  • Redefine your brand
  • Stay true to your new you
Let's take a brief look at each of them.

Reinvigorate Your Talent

General Petraeus had spent his entire career as an infantryman. He was a proud, old-fashioned, rifle-carrying soldier whose job was to defeat the enemy in close combat. That's what he had been trained to do and that's certainly what he knew how to do best. It was not, however, what the Army needed for the war in Iraq. It had won the war with the Iraqi Army, but was losing the insurgency that followed it.

So, what did General Petraeus do? First, he carefully assessed the situation on the ground in Iraq to determine what the problem was. Then, he thought through the alternative strategies and determined that the traditional tactics of ground combat had to be replaced with a new kind of counterinsurgency warfare. Finally, he acquired the knowledge necessary to develop that new strategy and literally wrote the "book"--the Army's Field Manual--which detailed it.

That's exactly what those of us in transition need to be doing, as well. Employers increasingly believe they need new strategies and tactics to win the competition in the global marketplace. They are no longer looking for people who can accomplish the job the way it used to be done--no matter how well they were able to do it. What they want, what they need, is someone who can devise new approaches to accomplishing work and is willing to extend their talent so they can deliver those approaches effectively on-the-job. You don't have to write a book, but you do have to be credibly able to deliver innovative excellence on-the-job.

Redefine Your Brand

General Petraeus didn't just develop a new way of war-fighting, he redefined himself as its author and champion. In other words, he was no longer an old fashioned infantryman; he was the "father of counterinsurgency" and rebuilt his reputation on that theme. He was tireless in his efforts to explain it to his superiors in the Defense Department, to convert his peers to his point of view and to convince all of them of its potential to turn the tide in Iraq.

A similar campaign is also critical to success for those of us in transition. Hard as it is to reshape your talent for the new, and often, confusing needs of the post recession world of work, that's only half the battle. Once you've accomplished your reinvigoration, you have to convince others that you're different. You have to break out of your legacy brand--the old way you described yourself in the workforce--and develop a clear and compelling description of your new persona.

This redefined brand must be accurate, of course, but beyond that, it must set you apart. It must differentiate you from those who are still offering the traditional strategies and tactics in your field and for the kind of job you seek. And, it has to portray you as the singular person who both knows how to be a key contributor to the success of an employer and will not flinch from playing that role.

Stay True to Your New You

The journey of General Petraeus from a backwater command in Kansas to the front lines of this nation's Armed Forces didn't occur without some difficult twists in the road and a setback or two. He had the courage of his convictions, however, and a fierce determination to succeed. He fought through the hard times because he believed in himself and what he could do. While his reinvigorated talent and redefined brand were both essential to his advancement, it was that factor--his character--which ensured his success.

The same is true for those of us in the civilian workplace. Whether you've been shoved out the door and into the job market or into a box with no security or opportunity, it is who you are on the inside that will determine what happens to you on the outside. That doesn't mean the course will be easy or without its frustrations, but it does mean there is hope ... if you believe enough in yourself to grab hold of it.

Not everyone can lead an army into combat but everyone, every single person, can be a victor even in today's rough-and-tumble world of work. It will require that you teach your talent some new and more powerful ways of contributing and that you reset your brand so that your new capability is recognized by prospective employers. Those tasks take courage and commitment, to be sure, but their accomplishment is a gift, an affirmation of the indomitable spirit resident in each and all of us. If you stay true to that limitless personal possibility, you will always end up a winner.

Monday, July 12, 2010

Are you ready to move forward with your job search?

Are you ready to move forward with your job search? Let’s check because you do not want to update your resume or begin the search until you have successfully completed the first three steps.


Step 1 is Attitude. Attitude is the most important step. Conduct an honest attitude check.

If you have given yourself time to process the loss of the job and are looking forward to the next opportunity, if you have chosen to have a good attitude (and it is a choice), then you are ready for the next important step to landing that job.

http://rightchangesjobsearchcoach.blogspot.com/2010/03/how-to-stay-positive-in-job-search.html


Step 2 is Aptitude: In this tough job market, you must know and be able to articulate what you offer a future employer and what makes you better than your competition.

Take the time to inventory (discover and document) your abilities, accomplishments, strengths, values, interests, education, personality, and technical skills. This information will be used to strengthen your resume and to add power to your interview answers. A side benefit is that it reminds YOU how valuable you are.

http://rightchangesjobsearchcoach.blogspot.com/2010/04/take-next-important-step-to-landing.html


Step 3 is Altitude: Altitude is another term for determining who is hiring and where you want to work, i.e. your target companies.

http://rightchangesjobsearchcoach.blogspot.com/2010/04/take-next-important-step-to-landing_18.html


If and only if you have completed Steps 1, 2, and 3 are you ready to create or update your marketing materials. Updating your marketing materials and launching your search without completing the first three steps will sabotage your job search efforts. If you have been in a job search and not getting results, revisit the first three steps and revise your marketing materials.

Complete List of Marketing Materials

The resume is not the only piece of a job seeker’s marketing material. In fact there are other pieces of marketing collateral that are just as important as the resume. It is important to have these and use them as they are intended. Let’s look at the entire list and then we will cover each one in detail.

• Brand Statement
• Elevator Pitch
• Marketing Plan
• Business Cards
• Resume / CV
• Cover Letter
• References
• Salary History
• Accomplishment List
• Social Network Sites especially Linked In

To read up on creating a brand statement and developing an elevator pitch, go to:

http://rightchangesjobsearchcoach.blogspot.com/2010/04/take-next-important-step-to-landing_25.html

To read up on creating a marketing plan and how to use it, go to:

http://rightchangesjobsearchcoach.blogspot.com/2009/08/what-document-is-as-valuable-to-job.html


To read up on creating and using business cards, go to:

http://rightchangesjobsearchcoach.blogspot.com/2010/05/take-next-important-step-to-landing.html

To read up on creating a powerful resume, go to:

http://rightchangesjobsearchcoach.blogspot.com/2010/05/take-next-important-step-to-landing_18.html

To read the previously published article: The Most Powerful Cover Letter, go to:

http://rightchangesjobsearchcoach.blogspot.com/2010/03/most-powerful-cover-letter.html

This week we are covering References, Salary History, Accomplishment List, and Social Networking.


REFERENCES

Companies may like what you said in the interview but companies also like talking with your references and asking questions about you to verify what you said about yourself is true.

Let’s start with a couple of don’t statements.

• Do not write “References available upon request” on your resume. In all except the rarest occasions, you will be asked for references so this is unnecessary.

• Do not give your references to an employer until asked.

• Do not use people as references unless you are confident they will say positive things about you.

• Do not assume your references and college degrees won’t be checked, even if they have never been checked before.

Now let’s discuss the do’s.

• Contact people who you want to use as a business or personal reference and ask them if they are willing to serve as your reference (do not assume). Some companies do not allow their employees to serve as a business reference for ex-employees. Ask your references to confirm their contact information (people change e-mail addresses more often than one would think) and preferred method of contact.

• When creating your printed reference list, use the same header as on your resume (your letterhead), list the references, and indicate if they are a business or personal reference.

• After an employer asks you for your list of references, contact each person on your reference sheet letting them know the name of the company, the title of the position you are applying for there, the traits they are looking for in a successful candidate, and then remind your contacts what you have done in the past that demonstrates these traits. On Law and Order this would be considered “leading the witness”; in the job search it is helping your references help you.


SALARY HISTORY

Although you will not give out salary information until you are in the negotiation phase, you should have a documented history of your salary, bonuses, etc. You have time; use some of it to compile that information. Watch in a couple of weeks for the article about Step 5, which will include ways to defer the salary discussion.

ACCOMPLISHMENT LIST

In Step 2, Aptitude, you documented your accomplishments in STAR format. These accomplishments will be used in three ways: to add power to your resume, to help answer interview questions, and to remind you how valuable you are when you start to feel down. Continually add to this list.

It is essential that you use all three parts of the STAR format. Remember to emphasize the R (results) while interviewing. On your resume, begin with the R. The hiring manager is especially interested in the R.

SOCIAL NETWORKING

Social networking (such as Linked In, Facebook, MySpace, Twitter) is the new forum for communication and many companies have a presence on a number of these sites. Since Recruiters and Human Resource representatives search the various social media to check out a candidate, job seekers need to have a presence on social media sites to show they are up to date on the newer technologies. This is especially true with more experienced (older) workers.

Linked In

• At a minimum, all job seekers must have a good profile on Linked In (www.LinkedIn.com). A good profile will have information from the resume, a professional picture, recommendations from former co-workers, and connections.

Join work related Linked In groups. Update your status periodically with work related books you have read and skills you have developed in order to keep your name out in front of the members of your Linked In network.

Send Linked In invitations to former co-workers, members of your network, and friends. When sending an invitation, customize the invitation so the person remembers how they know you. Beware that, if your invitations are rejected by multiple people instead of accepted or achieved, you will be locked out of Linked In. When you are on Linked In though, send an invitation to Judi Adams Sanek (author of this article) and mention that you read this article; your invitation will be accepted.

There will be more information on the use of Linked In for your job search in the next article.

Facebook, My Space, YouTube

The most important point about these sites is that IFyou have a presence on them, do not have anything on them that you do not want your prospective boss to see or read. If you need to, clean them up now.

Check to see if your target companies have a site and if so, “friend” them and follow what they say.

Twitter

Many companies are Tweeting (the verb used when leaving a message on Twitter). At a minimum, job seekers should “follow” their target companies.


These are the minimum recommendations. Read up on Linked In and Twitter and leverage the power of this new media.

Friday, July 9, 2010

Economics Degree Is Best Route to CEO Job


JULY 9, 2010
Economics Degree Is Best Route
to CEO Job

A business major's chance of becoming CEO of an S&P 500 company is 34% lower than an economics major's, according to a study of U.S. degrees by Patricia M. Flynn and Michael A. Quinn of Bentley University. In fact, economics beats all other majors, including physical sciences and political science, as a path to the corner office, their research shows.

Source: Social Science Research Network

Friday, July 2, 2010

So what exactly is a 'double-dip' recession?


Signs of stalling economic rebound raise questions about definition of 'double-dip' recession

, On Thursday July 1, 2010, 5:03 pm EDT WASHINGTON (AP) -- Concerns are rising that the economy is at risk of slipping into a "double-dip" recession.
High unemployment, Europe's debt crisis, a slowdown in China, a teetering housing market and sinking stock prices are all weighing on a fragile U.S. recovery.

So what exactly is a double-dip recession?
Robert Hall has an idea of what one looks like but no precise definition. He's chairman of the National Bureau of Economic Research, a group of academic economists that officially declares the starts and ends of recessions.

In Hall's view, a double dip is akin to a continuous recession that's punctuated by a period of growth, then followed by a further decline in the economy.

The NBER doesn't define a double dip any more specifically than that, says Hall, an economics professor at Stanford University. In econo-speak, Hall explains: "The idea -- hypothetical because it has yet to happen -- is that activity might rise for a period, but not far enough to complete a cycle, then fall again, and finally rise above its original level, only then completing the cycle." Hall says the closest the United States has come to a double dip was in 1980 and 1981. But the NBER concluded that those were two distinct, though closely spaced, recessions -- "not a double dip," he says.
Not so, says Sung Won Sohn, professor at California State University, Channel Islands. Sohn says the back-to-back recessions of the early '80s fit his definition of a double dip: A recession followed by a short period of growth followed by a recession.

Brian Bethune, economist at IHS Global Insight, has a view similar to Hall's: A period in which the economy shrinks, starts growing again and then shrinks again -- for at least six months.
"There is no mathematical formula; it's a judgment call," Bethune says.
The NBER has declared the economy fell into a recession in December 2007. It hasn't yet pinpointed an end to the recession. It said in April that it would be "premature" to do so.
Many other economists say the recession ended in June or July of last year. The economy returned to growth again in the third quarter of 2009, after four straight quarters of declines. More recently, the economy has added jobs in each of the first five months of this year. Still, the threats to the recovery from overseas and at home are growing. So are the risks that the recovery will fade out. Economists say the odds of that remain low but have crept up since a couple of months ago. Analysts are downgrading their growth forecasts for the second half of this year.

In determining the starts and stops of recessions, the NBER reviews data that make up the nation's gross domestic product. The GDP measures the value of goods and services produced in the United States. The NBER also reviews incomes, employment and industrial activity. The panel, based in Cambridge, Mass., tends to take its time in declaring when a recession has started or ended. It announced in December 2008 that the recession had actually started one year earlier -- in December 2007. And it declared in July 2003 that the 2001 recession was over. It had actually ended 20 months earlier -- in November 2001.

In President George W. Bush's eight years in office, the United States fell into two recessions. The first started in March 2001 and ended that November. The second started in December 2007; its end date is pending the NBER's determination.

The timing of the NBER's decision likely means little to ordinary Americans now muddling through a sluggish economic recovery and weak job market.