Do you hear the job market is getting better? I read a Mercury news artical that CEO's plan to hire more than fire in 2010 (http://www.mercurynews.com/search/ci_14507315?IADID). That is a good sign! But it is all talk at this point, we like to see action. We need companies to pull the trigger on making hires rather than just say they are going to hire.
From last summer to December we were at a all time low in terms of job opportunities/search work. The market has picked up from that point, I tell people when you are at or near zero it only takes one or two things to creat significant growth. We have that going on right now in terms of jobs to talk about (search work is up >25% from December). We have seen an increase in our temporary work force as well. We hope this continues and companies start hiring the people they interview not just interview and find a way not to make a hire.
If you are wondering what industries to target I suggest looking at where the Venture Capital money is going. As I have mentioned in previous blogs The PWC Money Tree is a good resource (https://www.pwcmoneytree.com). The Bay Area leads the country in terms of raising capital for new companies. Last quarter more than 34% went to Bio-tech and Medical Device, more than 19% to Software,11% went to industrial/energy and nearly 9% went to media and entertainment. When doing search industry background is important to employers, if you have an opportunity to jump into one of these industries your market value increases. If you are not in one of these industries we can provide guidance on how to break into them.
Next quarter I hope to report a better employment market with hard evidence that we are moving in the right direction. If you have questions or like to talk about your employment search please call or send me an email.
Happy hunting!
Bryon McDougall
bryon@alchemysearch.com
Thursday, March 25, 2010
Monday, December 7, 2009
Creating a Great 2010 and Beyond
Time magazine’s cover story of December 7, 2009 cover labeled the years 2000 to 2009 as “The Decade from Hell,” noting that:
“Bookended by 9/11 at the start and a financial wipeout at the end, the first 10 years of this century will very likely go down as the most dispiriting and disillusioning decade Americans have lived through in the post-World War II era. Call it the Decade from Hell, or the Reckoning, or the Decade of Broken Dreams, or the Lost Decade. Call it whatever you want—just give thanks that it is nearly over.”
Regardless of how your recent past has been, I’d like to suggest the following six commitments as the keys for achieving your goals in the years ahead:
1. Be Responsible
While this may be obvious, taking responsibility for our work lives is harder than it sounds. It begins with the recognition that we always have choices and it also reminds us to focus energy and attention on those things and actions over which we have control.
2. Stay Relaxed and Alert
Anyone who does an activity requiring hand and eye coordination will recognize how important this is to achieving excellent results. It also means developing a pace that honors the best interplay between important and urgent. And finally, as we work toward our goals, it is critical to stop and rest when needed.
3. Keep Your Goals Focused and Diffused
As important as it is to be focused, it’s also important to see that there is always more than one way to achieve our goals. Not only does this help us to be more creative when confronting inevitable barriers and challenges, but it also allows us to recognize that what’s right in front of us is often prelude to what’s ahead on our path.
4. Trust the Process
The journey toward our goals is best fueled by a disciplined approach to the process. Through focused attention on small and specific steps, a momentum is created that carries us forward. Furthermore, as we open ourselves to the process, we build our capacity to create elegant solutions for getting unstuck.
5. Keep Your Sense of Humor
The capacity to laugh as we work toward our goals allows us to experience joy along the way. It is recommended to have at least several good laughs a day, with one or more of those being a hearty laugh at ourselves, thereby keeping our sense of self-importance in check.
6. Allow for Moments of Inspiration and Awe
Taking time in our day for silence, meditation, or prayer allows us to become grounded in what’s ultimately most important, giving us an opportunity to experience our sense of the “bigger picture.” And, finally, stay open to those moments of grace and beauty that are around us all the time.
With these commitments firmly in hand, best wishes for a healthy and prosperous 2010 and beyond.
Mark Guterman
Mark@alchemysearch.com
Time magazine’s cover story of December 7, 2009 cover labeled the years 2000 to 2009 as “The Decade from Hell,” noting that:
“Bookended by 9/11 at the start and a financial wipeout at the end, the first 10 years of this century will very likely go down as the most dispiriting and disillusioning decade Americans have lived through in the post-World War II era. Call it the Decade from Hell, or the Reckoning, or the Decade of Broken Dreams, or the Lost Decade. Call it whatever you want—just give thanks that it is nearly over.”
Regardless of how your recent past has been, I’d like to suggest the following six commitments as the keys for achieving your goals in the years ahead:
1. Be Responsible
While this may be obvious, taking responsibility for our work lives is harder than it sounds. It begins with the recognition that we always have choices and it also reminds us to focus energy and attention on those things and actions over which we have control.
2. Stay Relaxed and Alert
Anyone who does an activity requiring hand and eye coordination will recognize how important this is to achieving excellent results. It also means developing a pace that honors the best interplay between important and urgent. And finally, as we work toward our goals, it is critical to stop and rest when needed.
3. Keep Your Goals Focused and Diffused
As important as it is to be focused, it’s also important to see that there is always more than one way to achieve our goals. Not only does this help us to be more creative when confronting inevitable barriers and challenges, but it also allows us to recognize that what’s right in front of us is often prelude to what’s ahead on our path.
4. Trust the Process
The journey toward our goals is best fueled by a disciplined approach to the process. Through focused attention on small and specific steps, a momentum is created that carries us forward. Furthermore, as we open ourselves to the process, we build our capacity to create elegant solutions for getting unstuck.
5. Keep Your Sense of Humor
The capacity to laugh as we work toward our goals allows us to experience joy along the way. It is recommended to have at least several good laughs a day, with one or more of those being a hearty laugh at ourselves, thereby keeping our sense of self-importance in check.
6. Allow for Moments of Inspiration and Awe
Taking time in our day for silence, meditation, or prayer allows us to become grounded in what’s ultimately most important, giving us an opportunity to experience our sense of the “bigger picture.” And, finally, stay open to those moments of grace and beauty that are around us all the time.
With these commitments firmly in hand, best wishes for a healthy and prosperous 2010 and beyond.
Mark Guterman
Mark@alchemysearch.com
Tuesday, November 24, 2009
Q4 Job Market Update
In my last Update I predicted an up-swing in September. This was primarily based on two factors. The summer slow down was coming to an end and the economy was recovering and would promote job growth. The reality is that there has not been an up-swing, more like a small bump from the bottom.
Companies are still laying off workers to get to profitability. The predictions on a jobless recovery early in 2009 seem to be on the mark. Why? - companies are looking for profitability and are shedding human capital and avoiding projects to get there. Other companies are being acquired thus eliminating employers altogether. The companies that are growing are selectively hiring but doing it cautiously. The Mercury news article earlier this months verifies this activity ( http://www.siliconvalley.com/the-valley/ci_13766368).
What is in store for us is hard to know. At this point we are in a better employment market than in July and August but not good enough to provide job seekers multiple opportunities.
My advice at this time is to be flexible in compensation (be open to a small reduction in salary) and look at any role that will help your long term career goals. It does not need to be a step up in responsibility, it can be a role that provides experiences that will round out your over all background thus making you more marketable in two to four years when the market is much better.
There is a good chance that new opportunities will slow down to a halt in middle of December. Now is the time to look at all options otherwise you may be in the same position mid to late January when everyone is back from holidays and caught up with their work.
Where should you be looking for a job? Use your network to provide any and all resources that may help. I look to the moneytree (https://www.pwcmoneytree.com/MTPublic/ns/nav.jsp?page=industry) for investments into growth industry segments. The greatest industry investments in Q3, 2009 were - Biotechnology/Medical Device - 32%, Industrial/Energy - 18% and Software 13%. Businesses in mature markets may not be growing but have been hiring and upgrading their talent. These are very good employers with good career paths. Something to think about if you are looking for a more "secure or predictable" employment situation.
Happy hunting!
Bryon McDougall
bryon@alchemysearch.com
Companies are still laying off workers to get to profitability. The predictions on a jobless recovery early in 2009 seem to be on the mark. Why? - companies are looking for profitability and are shedding human capital and avoiding projects to get there. Other companies are being acquired thus eliminating employers altogether. The companies that are growing are selectively hiring but doing it cautiously. The Mercury news article earlier this months verifies this activity ( http://www.siliconvalley.com/the-valley/ci_13766368).
What is in store for us is hard to know. At this point we are in a better employment market than in July and August but not good enough to provide job seekers multiple opportunities.
My advice at this time is to be flexible in compensation (be open to a small reduction in salary) and look at any role that will help your long term career goals. It does not need to be a step up in responsibility, it can be a role that provides experiences that will round out your over all background thus making you more marketable in two to four years when the market is much better.
There is a good chance that new opportunities will slow down to a halt in middle of December. Now is the time to look at all options otherwise you may be in the same position mid to late January when everyone is back from holidays and caught up with their work.
Where should you be looking for a job? Use your network to provide any and all resources that may help. I look to the moneytree (https://www.pwcmoneytree.com/MTPublic/ns/nav.jsp?page=industry) for investments into growth industry segments. The greatest industry investments in Q3, 2009 were - Biotechnology/Medical Device - 32%, Industrial/Energy - 18% and Software 13%. Businesses in mature markets may not be growing but have been hiring and upgrading their talent. These are very good employers with good career paths. Something to think about if you are looking for a more "secure or predictable" employment situation.
Happy hunting!
Bryon McDougall
bryon@alchemysearch.com
Monday, November 23, 2009
What Am I Doing Wrong? Networking Revisited
I have a new client, a senior IT professional, who has been struggling in his search for new employment. Though he has a well-documented track record, he’s had a very hard time getting interviews. His main search strategy has been to use the job boards, and after sending out at least 500 resumes in response to job openings, he has had exactly 8 interviews. His success rate of 1.6% is not very good, to say the least, but probably sounds all too familiar to those of you who utilize any of the local and national job boards.
He came to coaching with the question, “What am I doing wrong?” My response was that nearly everyone’s experience with posted jobs is about the same, and that if he relies only or primarily on “visible” job openings, he is severely limiting his odds of getting an interview. I added that he has “blinded” himself to the many opportunities that exist only in the hidden job market, those that never see the light of day.
When we started talking about networking, he laughed, and responded that he hasn’t been networking because he felt that someone at his level shouldn’t need to “beg” people for work or connections. He sees networking as a vague process and beneath his stature and experience. When we explored further, it turned out that he was embarrassed about networking mainly because he didn’t know how to tell his story in a way that was compelling and that he didn’t really know how to ask for help.
We began by having him script and practice his elevator pitch. The first thing I asked him to describe was his “hook;” a word, phrase or sentence that would get a listener immediately in the mood to hear more about who he is and what he has to offer. It was no surprise that he was unable to articulate his hook, and so that became his first homework assignment.
We then focused on how he could ask for help so that people would be likely to offer him useful ideas, information, or advice. He immediately recognized that asking directly for a job or leads to job openings was too blunt, especially if he was meeting someone for the first time. He also realized that he was much more likely to gain support if he framed his request in a way that people would respond with “yes,” instead of “no”. This, then, became his second homework assignment: How to ask for help so that people will give a positive and supportive response.
Best wishes and Happy Thanksgiving.
Mark Guterman
mark@alchemysearch.com
I have a new client, a senior IT professional, who has been struggling in his search for new employment. Though he has a well-documented track record, he’s had a very hard time getting interviews. His main search strategy has been to use the job boards, and after sending out at least 500 resumes in response to job openings, he has had exactly 8 interviews. His success rate of 1.6% is not very good, to say the least, but probably sounds all too familiar to those of you who utilize any of the local and national job boards.
He came to coaching with the question, “What am I doing wrong?” My response was that nearly everyone’s experience with posted jobs is about the same, and that if he relies only or primarily on “visible” job openings, he is severely limiting his odds of getting an interview. I added that he has “blinded” himself to the many opportunities that exist only in the hidden job market, those that never see the light of day.
When we started talking about networking, he laughed, and responded that he hasn’t been networking because he felt that someone at his level shouldn’t need to “beg” people for work or connections. He sees networking as a vague process and beneath his stature and experience. When we explored further, it turned out that he was embarrassed about networking mainly because he didn’t know how to tell his story in a way that was compelling and that he didn’t really know how to ask for help.
We began by having him script and practice his elevator pitch. The first thing I asked him to describe was his “hook;” a word, phrase or sentence that would get a listener immediately in the mood to hear more about who he is and what he has to offer. It was no surprise that he was unable to articulate his hook, and so that became his first homework assignment.
We then focused on how he could ask for help so that people would be likely to offer him useful ideas, information, or advice. He immediately recognized that asking directly for a job or leads to job openings was too blunt, especially if he was meeting someone for the first time. He also realized that he was much more likely to gain support if he framed his request in a way that people would respond with “yes,” instead of “no”. This, then, became his second homework assignment: How to ask for help so that people will give a positive and supportive response.
Best wishes and Happy Thanksgiving.
Mark Guterman
mark@alchemysearch.com
Wednesday, November 4, 2009
"What is the most significant change in client expectations over the past two years?"
This question provided by Canaan Ridge (www.canaanridge.com) - Exceptional thinking forum. Michael Inserra from Alchemy Search provided one of two winning responses:
"I can summarize my client thoughts in one word: Relationships
Clients want to see a dedicated professional relationship. My clients want to work with service providers who invest time in getting to know them. They want to see time spent on site getting to understand the holistic value proposition their firm offers. Clients want a more personalized and unique approach, personal dedication, and a genuine interest in scaling with them verses a transaction. Process-wise, clients need confidence that we are one step ahead on logistics and have eliminated the obstiacles to close smoothly. There is no tolerance for leaving the final step up to chance."
"I can summarize my client thoughts in one word: Relationships
Clients want to see a dedicated professional relationship. My clients want to work with service providers who invest time in getting to know them. They want to see time spent on site getting to understand the holistic value proposition their firm offers. Clients want a more personalized and unique approach, personal dedication, and a genuine interest in scaling with them verses a transaction. Process-wise, clients need confidence that we are one step ahead on logistics and have eliminated the obstiacles to close smoothly. There is no tolerance for leaving the final step up to chance."
Friday, October 30, 2009
The New Normal
As the national unemployment rate approaches 10%, I see increasing numbers of people who are becoming resigned to an economy where 9-11% unemployment may become the “new normal.” As this plays out in our work and lives, I see growing fear and anxiety, shattered dreams and confidence, and find it a continuing challenge to help people feel hopeful about the future.It is, however, a “normal” reaction to feel discouraged during times like these, whether this comes from being bombarded by news of layoffs and budget cuts or by having the real experience of conducting an active and smart job search and seeing nothing positive come about. So, it should come as no surprise that so many are feeling hopeless and even helpless during these times.
As a coach, I wish I could help people easily and quickly move through these emotions and on to a successful conclusion of their journey. Unfortunately, all I can do is remind my clients and anyone else reading this, that by staying in the game, focusing on the process, and keeping a positive frame of mind, eventually (probably later rather than sooner for most of us) the problem will be resolved.
The challenge to stay disciplined, to be both patient and persistent, is probably the key characteristic that distinguishes those who are successful in a job or career change. They find a way, no matter how they might be feeling, to get up each morning and “go to work,” even if they are fairly certain that the work of the day will have little or no positive results. They recognize that by taking one step at time, moving a bit each day, that the cumulative effect, the body of work, so to speak, will start creating momentum. The problem for many of us is that we give up before the momentum kicks in and can do its work.
Here are some suggestions about how to work your way through the new normal:
1. Write a personal mission statement—for some this might be very concrete (I want to have a job as a . . . . by . . . at . . . salary) or it could be more esoteric (I want to help others to . . . through . . .). Read it regularly and let the energy of your mission motivate you to action.
2. Create a flexible structure that has steps/tasks to do each day. Do your best to complete those tasks.
3. Find a buddy, partner, or good friend who can act as a guide, mentor, and who has your permission and blessing to give you honest feedback, as needed.
4. When stuck or confused about what to do next, stop, take a deep breath, and ask yourself, “What’s the smartest thing I can do right now?” Then do that thing.
Best wishes.
Mark Guterman
Mark@alchemysearch.com
Friday, October 23, 2009
Career Change 101
I have a new client who is confronting classic dilemma of making a lot of money in a career he is very unhappy with. He feels trapped, as they say, by golden handcuffs, and is struggling trying to figure out how to do work he likes and still having a substantial income. He doesn’t lack for ideas, but most of them, for a variety of reasons, are not feasible (not enough income potential, too risky, spouse does not approve, etc.).
In addition to the challenge of deciding what he wants to do, he is also a very impatient person. He wants to know the answer right now, so that he can get moving sooner rather than later. As we’ve worked together, he is beginning to realize that his impatience is one of the reasons he is where he is, and has said a number of times “I’ve allowed my ambition to get out ahead of what I want to do.” He is working on ways to modulate his ambition so eventually it will be in resonance with his vision and goals. When that begins to happen, I believe he will be both very happy and very successful.
He is currently crafting a “personal job description,” that will capture honestly, and in great detail the following: What are the tasks/projects that I most wants to work on; what are the skills that go with those tasks/project; what is the work environment that allows me to do my best work; what are the values that I hold that I must have and would like to have met in my new work; and, what most energizes and motivates me to show up for work each day. As he puts this together, he is establishing an anchor, a basis for articulating what he “should” do (even if he doesn’t know what to call it yet).
He will soon begin doing informational interviewing, along with parallel internet research. His plans are to take his completed job description and interview the smartest and most well connected people he knows (and can get referred to) to ask the following fundamental questions: When you see my job description, what ideas come to mind? Who do you know who does something like this? How does someone with my background get from where I am now to this new career? Based on what he learns from these interviews, he will adapt his job description and keep moving forward until he has identified a match close enough to meet most, if not all of his, criteria.
Once he gets to that point, he will shift gears into job search mode, crafting a resume that shows his transferable skills, and learning how to tell the story of why he is making the change and how he will bring his unique qualities to his new work. For anyone who has ever gone through this process, you know how hard it is and how rewarding it can be when you see it through to the end.
Best wishes.
Mark Guterman
Mark@alchemysearch.com
I have a new client who is confronting classic dilemma of making a lot of money in a career he is very unhappy with. He feels trapped, as they say, by golden handcuffs, and is struggling trying to figure out how to do work he likes and still having a substantial income. He doesn’t lack for ideas, but most of them, for a variety of reasons, are not feasible (not enough income potential, too risky, spouse does not approve, etc.).
In addition to the challenge of deciding what he wants to do, he is also a very impatient person. He wants to know the answer right now, so that he can get moving sooner rather than later. As we’ve worked together, he is beginning to realize that his impatience is one of the reasons he is where he is, and has said a number of times “I’ve allowed my ambition to get out ahead of what I want to do.” He is working on ways to modulate his ambition so eventually it will be in resonance with his vision and goals. When that begins to happen, I believe he will be both very happy and very successful.
He is currently crafting a “personal job description,” that will capture honestly, and in great detail the following: What are the tasks/projects that I most wants to work on; what are the skills that go with those tasks/project; what is the work environment that allows me to do my best work; what are the values that I hold that I must have and would like to have met in my new work; and, what most energizes and motivates me to show up for work each day. As he puts this together, he is establishing an anchor, a basis for articulating what he “should” do (even if he doesn’t know what to call it yet).
He will soon begin doing informational interviewing, along with parallel internet research. His plans are to take his completed job description and interview the smartest and most well connected people he knows (and can get referred to) to ask the following fundamental questions: When you see my job description, what ideas come to mind? Who do you know who does something like this? How does someone with my background get from where I am now to this new career? Based on what he learns from these interviews, he will adapt his job description and keep moving forward until he has identified a match close enough to meet most, if not all of his, criteria.
Once he gets to that point, he will shift gears into job search mode, crafting a resume that shows his transferable skills, and learning how to tell the story of why he is making the change and how he will bring his unique qualities to his new work. For anyone who has ever gone through this process, you know how hard it is and how rewarding it can be when you see it through to the end.
Best wishes.
Mark Guterman
Mark@alchemysearch.com
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