Archives for posts with tag: money

I don’t know how many times a day I hear “because of the economy” or something along those lines.  I’m tired of it.  It’s garbage.  Is it because of the economy you aren’t trying to meet someone new or learn a new skill or polish up the skills you have?  No.  It’s because of you and your attitude.  I am a firm believer that attitude is everything.  It can change your world.  For better or for worse.  While I do understand we as not only a nation, but as a world have many worries and are struggling, there are plenty of people still working hard and plugging along to create something excellent. 

I work mainly in the IT industry in Nashville, TN so I understand my viewpoint is a little different than many people.  Nationwide however, the IT industry hasn’t been affected nearly as much as most.  The same can be said for the overall market in Nashville as well. Despite what your friends, neighbors, and media tell you, there are jobs available.  Lots of them (932 in the Nashville area posted on Indeed.com between 8/11/2011-8/12/2011).  Are they exactly in line with your background or what you want to do with your career?  Maybe. Maybe not.  The point I am making is that positions are available.

If you are a job seeker, this should come as some good news and light at the end of the tunnel.  If you are a hiring manager, this should be cause for some worry.  Companies are starting to hire more and more everyday.  People are starting to look for new opportunities more and more everyday.  The competition is starting to heat up and unless you are prepared, you are going to get burned.

I don’t want to go on and on about how networking is the way to go because I am going to assume if you are searching for a new opportunity you already know that.  I am with my 5th company since graduating college in 2006 (http://www.linkedin.com/in/adambogren).  Every single job was the result of knowing somebody who was able to put me in contact with the right person.  I am living proof that networking can give you a huge advantage in the job market.  If you would like to learn how, leave me a comment and I will be more than happy to help you out!

What I DO want to weigh in on is the amount of open jobs and the amount of people who are about to start looking if they haven’t already.  There is a Manpower survey that says 84% of US workers will look for a new job in the coming year.  Then you add in the people already looking and the people who may end up changing their mind and start to look as well!  What does this mean to you, Mr. Hiring Manager?  Well, everything actually!

Let’s say you have an opening to hire a person who has XYZ skills.  She is great!  She gets along well with everyone on your team and she would be able to come in immediately and create an enormous impact.  The only problem is she is asking for a salary in the $65-70,000 range and the high end of your budget is $60,000.   Your search is a difficult one and you have been trying to find someone with this skill set for months.  What do you do?  Two years or so ago you could have offered the person $60,000 and she would have probably been ecstatic and accepted the offer on the spot.  That was two years ago when there weren’t many positions available and people were willing to accept any and every offer that came their way just to put food on their table.

Not the case anymore.  People are starting to look more actively and know that they are worth what they are asking for.  They have had time to do research, they have had time speak with recruiters and their peers.  Now interviewing with multiple companies is starting to be commonplace again.  People want to find somewhere they can feel appreciated and this doesn’t always relate back to the dollars.  That being said, if you are hiring someone and they tell you the pay range they are comfortable in, don’t try to low-ball them and offer less than their range.  If you want to low-ball them, make them an offer at the bottom number of their range, but if you expect them to accept then you better be offering a whole lot more to compensate for it.  If you really want to make them happy and show you are committed to them and their success with your company, offer them on the higher end of their scale.  If you don’t, another company will and you will be stuck offering candidate number 2 while your dream person slips away because you couldn’t spend an extra $5,000.  I do realize these things called budgets exist for a reason, but when hiring someone new, you need to realize there is this thing called competition.  And it’s really starting to pick up. Crunch some numbers on the amount of production you are missing out on because you need one more person to add to your team.  I will help you if you would like, but you aren’t going to like the number and you are going to realize that bumping up an extra $5,000 for an all star will more than come back to you in the future.

What do you think about the job market?  Are you starting to see things pick up at all?  Please leave me a comment and let me know what you think!  Thanks for reading!

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This is to all the managers, directors, C-level executives and anyone else with an interest in the company they own/work for.  If there is only 1 blog of mine which you read, make it this one.  I am here to help you avoid me.

Recruiter, talent acquisition specialist, headhunter, call me what you will, but at the end of the day, what I do is all the same in the eyes of most people.     I target the top talent in your company and I try to discover any source of dissatisfaction in their current working environment.  This usually doesn’t happen on the initial conversation, and it may take months before any true tidbits pop out, but they will.  It may just so happen that I call them on a Friday afternoon after they have an argument with you or you have dropped a bomb on them that the deadline for that project which once finished will give them the bonus they have been waiting for is now Monday morning and they may have to do some extra work over the weekend.  Jackpot!  Now that the plans for the weekend with the family have to be altered, other little instances which in the past were tolerable and minor at most now become larger than life.  This is where your top talent is now interested in learning more about coming on board to help build a new team in this company with cutting edge technology.

Meanwhile, you have already checked out for the weekend and made your way to the beach.  Sure you had some clients to meet on the way, but in all reality you were heading that way in the first place long before the appointment was set.

2-3 weeks ago, your top dog wouldn’t have even picked up the phone, now you may be doing some searching of your own on top of the fact that your special project probably won’t be receiving all the attention you had initially hoped.  Now with the abundant amount of information floating around and the ease at which someone can call or click and get an interview within no time it is more important than ever to make sure you are treating people in your organization from the bottom up with the respect they truly deserve.

Remember that huge lay off you had last year?  Dan (who was already overworked) had to pick up the slack for his three friends that you let go.  It was a tough decision I know, but you just had to do it.  Dan felt lucky you kept him and kept trudging along telling himself that since he is doing the work of 4+ people, he will be rewarded for it once things turn around.

Well it has now been a full year since you let Dan’s friends go and they have since found new, better jobs  making better money than they were before on top of a better work life balance.  That’s what everyone wants these days right?  Well it’s what Dan wants at least and seeing his friends have it while he does his work plus what they used to really is getting to him.  It may sound like Dan is out the door already, but if you get there before he does you may have a chance of stopping him.

It’s no secret money talks, but it might be a secret that money isn’t always loudest.  Lifestyle (flexible hours, work-at-home etc.), training and development, career tracks and promotion are other major factors people consider when checking out what their counterparts are up to these days.

How is that budget coming along now that things are picking up?  Dan has done a great job carrying the extra weight and your department now is swimming with their head above the water again.  How about a little bonus, or even better, a salary bump for ‘ol Dan’s efforts?  Maybe even a free flex day?  Are you back on track to hire someone else? Did Dan want to be in management someday?  This would be a great time to bring in someone for him to mentor.

Being able to do this would of course mean you need to know your employee’s and what makes them tick.  Let’s say you don’t.  I can still possibly save you.  Do you have a LinkedIn account?  How about Twitter?  Facebook?  Are you connected to Dan on any/all of the above?  For simplicity sake we are going to say you are connected via LinkedIn.

I watch LinkedIn like a hawk.  You know those updates that come across your screen every time you log on? “Mike updated his experience.”  “Sharron updated her education.”  “Becky updated her expertise.”  Yes, it is possible and actually probable that Mike has more experience today than he did yesterday, but it’s highly unlikely that is what he is updating.  Couple avenues here for Sharron as she possibly added her education to expand her network to people with whom she went to school.  (To network!) And maybe Becky DID just complete her 10,000th hour of work and truly IS an expert.  Again, lets just say that none of these people did just gain anything, in fact they had it all along.

A great way to be found for a particular job is to have the same title as your target position.  If I wanted to move on as a recruiter, that would be my title.  Headhunter, same thing.  As I mentioned, it is all the same most of the time and can just change from company to company.

So let’s say you notice Dan has updated his LinkedIn profile.  You look at his production and the past couple weeks it has dropped a little.  You know he is working night and day and you know he is underpaid for the work he does.  Chances are if he is updating his profile he is already contemplating checking out.  If you truly value him and want to keep him, RIGHT NOW would be the best time to look into one of the above mentioned perks.   Big or small may not even make a difference.  What WILL make a difference is you noticing his efforts.

This is a case where “a little can go a long way.” As long as you are sincere.
On top of updates in profile, new connections to competing companies may be a sign your top gun is about to take flight.

Right now more than ever is time to recognize what REALLY makes your company successful and that is the people.  More often than not, people don’t leave companies, they leave people.  If someone had to take on more responsibility or their job title has changed up a little bit, now would be a great time to make sure they are happy with their present situation.

To me it makes no difference, but I did say I was here to help.  If you don’t call Dan that’s fine because I sure will!

Did this hit close to home?  Leave a comment below and tell me about it!