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Hop or Not?

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There are many rewards and risks in job hopping, just as there can be lots of rewards and risks in a decision to stay with a current company. But they are not necessarily the same.  Should you job hop or not?

First, let’s understand why job-hopping has been and still is in vogue. Prior to the 1970s, large and medium sized companies were often considered to be paternalistic toward to their employees, to the latter’s delight, and employees often had a “job-for-life” approach to joining a company. Job security was a prominent reason, while job satisfaction, compensation and benefits vied for second place. By the 1970s, in part due to the Vietnam war, which brought into question the honesty and loyalty of big government and large companies, the olden days’ paternalistic scenarios began to break down, as did other factors: the demise of pension plans, large scale lay-offs in many companies in the chase for stock values, efficiency goals, cost-per-unit, and outsourcing of jobs overseas…and it continues to this day.

Fast forward to 2017. Job hoppers are viewed warily by some hiring managers, though they are embraced by others because they are considered to be adaptable, have seen a range of company sizes and approaches (perhaps even those of your competitors!), and have a larger network of contacts. And hiring managers, take note: millennials change jobs, on average, every 18-24 months, so this trend has no sign of slowing down.

What are the risks and rewards of job hopping?

  • Money:
    • Reward: The reward part seems obvious here! If your current salary/bonus/commission are below market, and your current firm is not willing to bring you up to an equitable rate, it may be time to start looking elsewhere.
    • Risk: Job-hopping for compensation alone is a losing battle. You might get the compensation you want, but not have all the positive attributes your current job provides. Be sure to also factor in your total compensation.       Beyond base salary, bonus, and commission (if applicable), how do benefits match up? Differences in health, dental, 401(k), stock options, vacation, sick time, commuting costs and the like add up, and that pay increase may actually cost you in the long run.
  • Fit with the company culture and mission/vision:
    • Reward: Finding a job with an organization with a strong culture, and with a product or service you really stand behind, or a nonprofit with a mission that you believe in with your heart and soul can be a magical thing.
    • Risk: The “magic” may make you overlook some other key things, like fit with the actual job or chemistry with your manager and colleagues. Be sure to dig deep to ensure that you are not taking the wrong job with the right organization.
  • Increased job satisfaction/more interesting work:
    • Reward: It is a great feeling to have work that satisfies you. Moving for even more satisfaction can help you to grow your skills and hone your craft. Another option: if you are the type who bores easily, you may want to consider joining the “gig economy” and look at doing consulting, where you can work on a project basis and do all kinds of different and interesting work.
    • Risk: If you are really, truly disinterested in the work you are doing, think long and hard about it. Is it really the current job, or is it the work itself? If it is the actual work, maybe you are ready for a larger-scale career change. Going someplace else may be a temporary fix, and once the novelty wears off, you may find yourself bored again. If your intuition tells you this may be the case, take a breather to figure out what type of work will fulfill you longer term.
  • Advancement opportunities:
    • Reward: Feeling like you can grow in your career is something that most people find to be essential, but sometimes you do have to go outside to make a move up.
    • Risk: If a better title is your primary motivator, make sure this career move ^^ is going to check some of the other boxes too…or accept that it may literally be a move JUST for a better title.       Also, consider talking to your current manager. Are there ways to advance within your current role by taking on new projects and honing specific skills?
  • A great manager/team:
    • Reward: Let’s suppose that the best manager you ever worked for calls you and asks that you come to his or her new company to work for them. Added bonus? Some of your favorite colleagues will also be joining the team. Or, suppose that you interview and the hiring manager is dynamic, smart, and easy to get along with, and the team members you met with seem committed, happy, and interesting. Ready to sign on the dotted line? I don’t blame you. Chemistry with your boss and colleagues can be a great thing.
    • Risk: In the case of following a manager to a new role, the risk is that you get there and the manager leaves, be it due to personal choice, layoff, his/her promotion, or restructuring. Or, in the case of joining a new manager, that person who seemed so great is…not so great. Do your research to see who your new boss and team are and what they are all about.
  • A startup that you think will take off in a major way:
    • Reward: Working at a startup can be rewarding on many levels. As it grows, your opportunity to take on more responsibility and learn multiple parts of the business will be there. If it takes off, it may result in a wealth event for both the company and you, especially if you can get equity early on.
    • Risk: Do your research on the market that the startup focuses on and the viability of their value proposition. Ask about funding sources, benefits, and if the founders are looking to grow the company, or are ultimately hoping to sell it…because you could end up working for another firm or find yourself out of a job if that happens!

All in all, job-hopping is a bet – but recent statistics show that most professionals will change jobs 9-10 times or more over their working life. Identifying the risks and mitigating them will help you be successful, whether you hop or not.

 

Cindy Joyce is the CEO of Pillar Search and HR Consulting.  With personalized service and proven results, Pillar Search and HR Consulting provides retained executive search and recruiting services as well as human resources consulting to for exceptional nonprofits and socially responsible for-profit organizations.  To learn more, please visit www.pillarsearch.com.

 

 

 

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It Takes a Village to Raise a Career

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In the 1990s, Hillary Clinton released the book It Takes a Village: And Other Lessons Children Teach Us.  The premise of the book is that many individuals/entities have a responsibility for raising children: parents, family, teachers, employers, religious organizations, nonprofits, government, and others.

I know of two friends who are currently in job search mode, and it got me thinking that it takes a village when in a job search. One is currently employed, and the other just learned that their job is being eliminated. Both have reached out to people in their “village” as they start their searches: personal, professional, and LinkedIn networks, executive search consultants, professional membership organizations related to their fields, and current/former colleagues. In the case of the friend being laid off, his package includes services with a well-regarded outplacement firm, so he has that resource as well.

Each part of the village in your career trajectory is crucial, and it is important to maintain these connections in good times and in bad. The village offers continuous encouragement, open and honest feedback, and inspiration.

Now, take a look at your career village. Whether you are content in your job or actively looking, is there an area where you could strengthen those connections? Make it a point this week to add connections to your LinkedIn network, reconnect with a former manager or colleague that you have lost touch with, or get involved in a professional organization for people in your field…because while it takes a village, Rome was not built in a day!

Hire the best!  With personalized service and proven results, Pillar Search & HR Consulting provides retained executive search services and human resources consulting for exceptional non-profits and socially responsible for-profit firms. A woman-owned business, Pillar is based in Boston, MA, and works on the national level. To learn more about how Pillar can assist with your hiring and human resources needs, please contact Cindy Joyce at ci***@**********ch.com.

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Mistake Mastery (Because Your Professional Life Does Not Come with a Magic Eraser)

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An executive who I do leadership coaching with recently shared that a member of her team made a colossal, astronomical-amount-of-money, public relations nightmare mistake. She values the employee, and understands that mistakes happen, but the employee did not own up to the mistake, which only made it worse.

We have all been there. Making a mistake sucks. BIG TIME. And it can cost you – your job, relationships, reputation, credibility, monetary fines, and more. What can you do when you make a major misstep on the job?

  • Own up to it.   I have seen this done well, and I have seen people try to assign blame to others when it was clearly their own wrongdoing. Being honest – and doing so quickly – is always the gracious way to own up to a mistake.
  • Be part of the solution. My first manager out of college used to tell the team “Do not come to me with a problem unless you also have a solution”, which made telling her that I had erroneously withdrawn $1,000,000, not the desired $10,000, from a client’s mutual fund account and was on my way to the mailroom to search high and low before it was mailed a bit easier to swallow. Oops. Have at least the framework of a solution so that steps can be taken quickly to work towards resolution so that you are remembered as much for being part of the positive outcome as you are for the source of the issue.
  • Apologize, and really mean it. Sounds obvious, right? Shocking, but there are many for whom saying the words “I am sorry” or “I was wrong” is a foreign concept. Humility and grace will get you far in life. And do it face-to-face, if possible. Just do not say it multiple times, or you run the risk of looking like you cannot handle the mistake.
  • Say thank you. To clean up the mess, several people may need to get involved. Thank each and every one for doing the extra work to help fix your mess.
  • What did you learn? The difference between a mistake and an epic failure is figuring out what the key takeaways are. Analyze what happened and use that knowledge to improve.
  • Document it. It will come up in your review if it was significant, so when the dust settles, write an accurate and unemotional as possible overview of the problem, what you did to correct it, could prevent in the future, and what you learned from it. That way, you leave nothing out and if and when it comes up again, you have the information at the ready. As a bonus, putting it in writing may help you to see holes in the process or workflow, which provides the opportunity to be more innovative.
  • Do not let it define you. Even if the outcome of this mistake is that you lose your job (and I’m sorry if this is the outcome), remember that mistakes are not labels. You are you and the mistake is the mistake. It is an opportunity to learn and grow. If you let it define you, you run the risk of operating out of fear, which will only result in being risk-averse and complacent.
  • Be kind to you. If someone came to you and told you that they had made a major error, you would likely show them compassion and understanding. Extend this same kindness to yourself.

Life does not come with a magic eraser, so there is no do-over, but everyone, even the most successful legends out there, has a mistake or two (or more!) in their professional history. How you handle the mix-up and how smoothly you move forward is what will leave a lasting impression.

Hire the best! With personalized service and proven results, Pillar Search & HR Consulting provides retained executive search services and human resources consulting for exceptional non-profits and socially responsible for-profit firms. A woman-owned business, Pillar is based in Boston, MA, and works on the national level. To learn more about how Pillar can assist with your hiring and human resources needs, please contact Cindy Joyce at ci***@**********ch.com. 

 

 

 

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Upcoming Speaking Engagement! Boost Your Personal Brand with Lean In Boston Chapter

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I am honored and excited to have been selected as one of the speakers at Lean In Boston’s next Chapter meeting, where I will be leading a discussion how to promote yourself on social media. Joining me will be Elaine Varelas, Managing Director, Keystone Partners, who will be leading a discussion on career boosters and busters. Follow Lean In Boston on Facebook for more details on what is sure to be an exciting event.

Save the Date!  March 30, 2016 5:30 p.m. at WeWork South Station, Boston, MA

About Lean In:

The book Lean In is focused on encouraging women to pursue their ambitions, and changing the conversation from what we can’t do to what we can do. LeanIn.Org is the next chapter. Lean In is committed to offering women the ongoing inspiration and support to help them achieve their goals. Lean In believes that if we talk openly about the challenges women face and work together, we can change the trajectory of women and create a better world for everyone. Empowering women and closing the gender leadership gap are imperative for companies that want to perform at the highest level. That’s where Lean In comes in. Lean In’s programming helps women connect with peers and organizations counteract gender bias.

About Cindy Joyce and Pillar Search:

With personalized service and proven results, Pillar is your partner in executive search and human resources consulting. With over 20 years of experience, Pillar provides national retained search services for exceptional non-profits and foundations and early-stage or rapid growth for-profit firms. All share the characteristic of desiring top talent who want an occupassion, not just an occupation.     In addition, Pillar offers human resources consulting services, which was born of clients requesting help on projects beyond executive search, and includes human resources audits, creating a handbook, assessing organizational design, training, team building, and employee communications.    A woman-owned business, Pillar is based in Boston, MA, and works on both a local and national level. To contact Pillar Search, click here.

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Onboard or Onward: Ensuring the Success of Your New Executive Hire

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“About 40% of executives who change jobs or get promoted fail in the first 18 months.”

Fortune Magazine

Where does it all go wrong? Too often, the onboarding process is where things fall apart. I am not talking about “orientation”, which often is done day one and generally involves the basics of assigning a building pass, conducting a benefits overviews, meeting the team and reading a few policies. Onboarding is a longer process, and if done well (typically in partnership with Human Resources and managed by the new executive’s manager, or the Board Chair if they report to the Board of Directors) can almost guarantee fit. It is holistic and gradual. It is also very deliberate, and will require constant check-ins and open communication.  Here are five key activities that will help to ensure that your new executive will be successful in their new role:

Start to Onboard Before They are Actually ON BOARD!

The time between an offer being accepted and the executive starting is sensitive. They may be dealing with a counteroffer, having to say goodbye to much-loved colleagues, and are nervous about this new venture. Keep in touch. Reiterate your excitement to have them joining the team, and have a few people in the organization reach out. If there are organizational overviews, annual reports, strategic plans or other things that that they can read up on ahead of time, get those to them during this time so that they start to feel like part of the team.

Send an announcement out to the staff and the board a few days before their start date explaining their background and the job they are filling. This will help make them seem more familiar to the team when they come through the door, and as an added benefit they will not have to review their resume and background with absolutely everyone in their first week or so.

Relationship Before Task 

Ideally, new executives will meet with their team and people across the organization. One-on-one meetings are great, but remind those who will be meeting with the executive to get to know them before delving into the inner workings of their role or the issues they face. Building rapport with new colleagues and direct reports is critical in the early days.

Learn By Doing 

Too often, in an effort to get all the information to a new hire as soon as possible, they are introduced to processes way too soon. Guess what? They will not remember how to do an expense report or change their password or complete a sales report 30 to 60 days in when they actually need to do it if they are taught how to do it their first week. Have the right people meet with them at the start to review the process at a high level, and then have them set up a time to do it later when they can sit down with real data and learn from it real-time.

The Buddy System 

What we learned in grade school still applies: the buddy system works when the new kid starts. This should not be the executive’s manager, but a peer or high-performing direct report who has longevity and the personality to be an effective buddy. The buddy can manage the nicety of taking them to lunch on day one and being available to explain the intricacies of culture, relationship dynamics, and certain pitfalls to avoid, which are things that the executive may not be comfortable asking of higher-ups.

Check In Early & Often

I too often hear that executives join, get a ton of attention the first day or two, and then are largely left on their own. It does not feel welcoming, and it runs the risk of them going in a direction that is difficult to course-correct later on. Meet with them daily, even for 10-15 minutes, in the first few weeks. Move on to twice weekly, weekly….you get the point. Let them know where they are doing a great job. Let them know where they need to take a different approach. But LET THEM KNOW. Being clear on what is a success will lead to more success.

While by no means a complete onboarding process, following the steps above will help to ensure that your new executive hire is one of the 60% who will be a success in the first 18 months.

Cindy Joyce is an Executive Recruiter and the Founder of Pillar Search, an Executive Search and HR Consulting firm located in Boston that works with clients nationwide. She can be reached here.

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Surf’s Up: What Surfing Can Teach You about Your Job Search

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I am a surfer, or at least aspiring to be one.  Recently, I was out on my board in York, Maine on a day with few good waves and plenty of downtime to ponder this gleefully addicting sport and life in general and began to realize that there are many parallels between the job search and surfing.

Like the job search, surfing depends as much on one’s skill and experience as it does a host of conditions that we have zero control over.  Weather.  Crowded surfing areas and beaches.  Wave size and frequency.  Swell direction.  The list of potential challenges may seem endless, just as it is when you are seeking a new job in a competitive market or industry.

Once you have decided to get in the water (or start looking for your next career opportunity), you paddle out and try not to bump into others.  In the job search, this can be those baby steps that are really critical to overall success, such as writing your resume, crafting solid cover letters, beefing up your LinkedIn profile, and letting people in your network know that you are open to a new opportunity.

Experienced surfers will have multiple boards to choose from to suit their mood or the conditions. Savvy candidates will do the same. Perhaps your “board” will be resumes that highlight different skills and career objectives depending on the jobs you are interested in, or cover letters that will be your differentiator. Knowing yourself and the tools that are available to you is key to success.

Like choosing the right job to apply to, choosing the right wave is essential.  It would be physically and emotionally exhausting to paddle out, attempt to get in the right spot at the right time, pop up, and stay balanced if surfers went after every wave that came along.  Be selective in the job search so that you are fresh and energized when the right one comes along.

Hang ten.  Surfs up.  Cut the curl.  These are not sayings that you will hear on a golf course, tennis court, or basketball court. They are specific to the sport of surfing. An industry will have its own language and catch phrases.  Do your research so that you can communicate in a way that resonates with the people you are interviewing with, as it will help gain their trust and confidence.

Enjoy the ride, even if it is not the perfect wave.  There are days that I get out on the board, and I am just not feeling it, but I still enjoy being out there.  The same can happen in an interview when the job and company look great on paper, yet in the light of day you just do not feel that spark.  Relax.  Every interview is an opportunity to practice and a chance to expand your network.   Surfers talk about catching the perfect wave, but in reality, we try and try and keep getting back on the board, even after falling or not doing our best.

Having a good surfing instructor helps.  Even the most experienced surfers sometimes need a fine tuning on their technique, someone who can help them to look at their style and approach and make suggestions.  In the job search, working with an executive recruiter or a specialized career coach can be invaluable, as they will take a fresh look at your resume and help you to identify the skills and experiences that you should highlight in the interview.

Ultimately, you may need to try a few waves before you find the ideal one, but in the end, there is no feeling as satisfying and euphoric as catching that perfect wave.  The same holds true for the job search.  Keep at it, and you will catch the right job and have the ride of your life.

P.S.: If you are in the York, Maine area and want to try surfing, I highly recommend the team at Liquid Dreams!

About Pillar Search & HR Consulting: A woman-owned business based in Boston, Pillar Search & HR Consulting provides executive search/recruiting and human resources consulting expertise to nonprofit and mission-driven organizations, working with senior leaders and boards of directors to hire and develop the very best talent across all functional areas of the organization. For more information, please visit www.pillarsearch.com.