Archive for September, 2012

When I graduated with my BBA a few years ago, I was certain I was done with college forever. While friends were going on to law school or med school, I was already working. An advanced degree? Not for me.

Flash forward three years later. I noticed that a well known automotive company had a new requirement for traditionally entry level positions: an MBA. I also noticed that I missed the variety in things that I learned as I became more specialized in my industry. My initial plan to be content with my Bachelor’s Degree evolved into a new plan: enrolling in an MBA program.

Any major life change can be a shock, and this was no exception. In returning to school, I’ve sacrificed a number of things with no guarantee of increased standard of living in the future. Evening happy hours or dinner dates have been replaced with economics and accounting classes and homework. Out of town business trips have to be scheduled around exams. Discretionary income is now a tuition payment, since I’m working to finance my education in cash rather than pay interest on student loans down the road. Sleep seems to have become a thing of the past, with post-work trips to the gym rescheduled for 6AM.

So, is it worth it?

A study by the Graduate Admissions Council says yes. Their statistics show five key signs that an MBA is worth it:

  • 97% of employed alumni graduating in the past 10 years indicated they would still choose to pursue their degree.
  • 75% of MBA graduates are working in a job they could not have qualified for without their MBA
  • 93% stated that the job they accepted was a perfect fit.
  • 82% reported their salary is at or above their expectations.
  • The return on investment of an MBA appears strong – 33% of costs were recovered after 1 year; graduates broke even at 4 years; and return on investment was doubled after 10 years. However, this return on investment fails to include opportunity cost, a significant factor.
  • Median salary was $113,000 for full time MBA graduates and $106,000 for part time MBA graduates.

However, an infographic from MBAOnline paints a different picture. Over the past year, applicants for full time MBA programs decreased by 9.9% according to the Wall Street Journal. As tuition costs continue to skyrocket, many opt out.

For me, it was a personal choice – a 4 year degree is no longer something that causes a candidate to stand out. I envision that times could continue to change until graduate degrees become a requirement, rather than a preference. Also, as an HR professional, I want to be more aware of the “big picture” to make myself more valuable to my internal customers - the business units I hire for. Mostly, it was the “why not” that led me to enroll. I can tough it out for three years in order to know that I won’t have a door closed in my face in the future for not having an MBA on my resume.

The bottom line: the payoff for an MBA will vary for every graduate, as “value” is a subjective term; and opportunities differ between individuals.

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Does Anyone Care if You Have an MBA?

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Win 10k to Help Your Small Business

September 25, 2012

Six Ways To Make A Recruiter Hate You – And More

If you want a job, you wouldn’t intentionally try to make recruiters hate you. But you’d be surprised at how often an eager job seeker will make an enemy out of the very people they need to impress. Some blunders are merely irritating, while others can make recruiters do a slow burn when they hear your name.

1. Get Creepily Personal
Recruiting consultant Abby Kohut recalls a phone interview (that had gone pretty well up to that point) in which the job seeker ended the call by asking her to marry him. “When I told him that was an inappropriate thing to say to a hiring manager for the company, he said, ‘Oh, I thought you were a just a headhunter.’ As if that would have made it all right.”

2. Use Cutesy Language, Texting Slang and Dumb Resume Tricks
The gimmicky resume is a pet peeve of Barbara Safani, president of Career Solvers, a career-management firm based in New York City. “Please do not send a resume inside a shoe, saying you’re looking for ‘a foot in the door,’” she says. Beyond annoying the recruiter (FYI — that glitter you put in your envelope will get you noticed, but will take time to clean up), these tactics make recruiters think you don’t take them — or your job search — seriously.

3. Be Rude and Aggressive
Job hunters who use heavy-handed tactics with recruiters, like sending an angry email in all caps after being passed over for a job, won’t impress the recruiter either, says John O’Connor, president and CEO of Career Pro, a career-coaching company in Raleigh, North Carolina. “Some candidates see the recruiter as an antagonist who must be pushed and prodded and bullied to work on their behalf,” O’Connor tells Monster.com. “In other cases, they’re frustrated by the job search process and feel the need to take it out on the recruiter.”

4. Lie
Making up something impressive might get you in the door. But if you’ve grossly inflated your abilities and work history and the employer finds out, you will have burned two bridges, not just one. “Lying on the resume drives recruiters mad,” O’Connor says. “I know people think desperate times call for desperate measures, but the best recruiters are going to do their due diligence and if you’ve misrepresented the dates, times, duties and technical responsibilities, that recruiter will never trust you, and probably won’t call you.”

5. Stalk the Recruiter
A suggestion to “stay in touch” doesn’t mean daily or twice-daily follow-ups. “If it’s been a few weeks and you haven’t heard, it doesn’t mean you’ve been forgotten,” Safani says. Kohut agrees, adding that a recruiter who thinks you’re a good fit for a position will let you know right away. “Calling them constantly and demanding to be submitted to a company will just make them think you’re desperate and unhinged and a little scary,” she says.

6. Act Like You Don’t Care
Sending stock cover letters addressed to “sir” or “madam,” forgetting to change the name of the last recruiter you queried on your cover letter, saying you’ll take any old job and not proofing your correspondence might not make a recruiter hate you. But such sloppiness won’t impress them, either. And they might just take affront at your dismissive attitude.

7. Always Be Professional
Employment professionals say that, while one screwup won’t engender hatred, it might cause the recruiter to relegate you to the NDC list — the list of nondesirable candidates they will not correspond with. Some of the worst behaviors — pushiness, stalking, haughtiness — come from job hunters who don’t really understand how a recruiter works, O’Connor says. “If candidates would understand that the recruiter’s real clients are the companies with the job openings, not the job seekers, they would approach recruiters with more professionalism.” Even if the recruiter isn’t acting in the most professional or diligent manner, you still need to be professional, he adds.

8. View & Treat Them As An Obstacle
“Recruiters are kind of like obstacles to me,” one job hunter said to me. “So I just know that I have to play a game with them and I’ll tell them what they want to here so I can get through the door. So I will say just about anything to them to get the interview.” In job search it’s hard to hide emotions and a belief system like this when you are in communication with people. This kind obstacle focus demonstrates a prevailing attitude among some people who are frustrated and searching for jobs. But it can drive recruiters nuts when a job hunter overtly treats them like an obstacle and not a part of the hiring process. Emotions and ego aside recruiters job can be to thin the herd of resumes they receive. Companies can receive hundreds and even thousands of resumes per open requisition. Recruiters serve the process but viewing them as an obstacle and not a part of the process when communicating with them verbally or in writing can leave you on the cutting room floor.

9. Going Around Them to the Company
A third-party recruiter who submits your resume to a company is compensated by that company if they hire you. A retained recruiter is partially paid to conduct a search then fully paid when the company hires you if you become the candidate of choice. Let’s focus on these outside the company recruiters on this point.  “I try to go around recruiters directly to the company,” a job hunter suggested to me. “If I can get the recruiter to blurt out the company name or if I can guess it I will go around the recruiter even if they try to submit me.” Does it make sense to cut out the “middle man” so to speak? Does the company sometimes perceive recruiting expenses as an unnecessary evil? That can be the case. But does it drive recruiters nuts when jobseekers try to circumvent the process of hiring? Yes. Will you burn a bridge if you decide to go around the recruiter to the company in most cases? Yes. Could the company view you as someone who does not follow protocol if you do it this way and almost black ball you? Yes.

So what can you do if you are frustrated with these so-called “middle men” in the process of job search? At least try to build relationships with them. Find out how companies they represent hire. Try being perfectly honest with them and try to understand their deadlines, needs and how you can help them. By doing this many people that I have coached through the job search process have had recruiters actually advocate for them, become references for them and actually coach them in a positive way to get hired. A mature, ethical recruiter realizes that he or she may work for the client company but must also build critical relationships with top talent. Try this before you ever go to tactics that could hurt your brand.

Image Credit: instantshift.com

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Six Ways To Make A Recruiter Hate You – And More

September 17, 2012

The Five Second Rule

In parenting, you hear that the five-second rule applies to certain foods, perhaps not pudding or jello, but food. In the tired stupor of taking care of your children at all times of the day you hustle to feed them properly or improperly. It really doesn’t much matter if it’s handing them a greasy french fry from a McDonald’s bag or some organic turnip you just cut, if it falls on the floor you have, say, according to the parenting Gods, about five seconds to pick it up, dust it off or simply place it in your mouth and chew. Unless you get dog hair on the food it should be good to go. Most parents apply the five second rule to their kids too. Good enough for you then good enough for them, right? Who agrees with me? Put your hands down. I do hope you read this right before lunch at your A health rated restaurant. Now let’s apply the five-second rule to the job search. Many recruiters report to me that they “don’t have time to spend more than five seconds” on the first pass of your resume.

What does this five second rule do to your tactics as a job seeker, executive or non-executive? How will this rule if it is true apply to you? Do you even believe a human reads these things with the sheer amount of resumes being sent? Maybe. Maybe not. But what you must do in earnest, to get noticed, is to make that delightful document shine. If you believe that recruiters and human resources personnel can get hundreds of resumes per open lead or requisition then let’s plan from this assumption that you must get noticed. Bottom line? Don’t tempt the reader of your documents to pitch your credentials because they seem like a dirty old french fry attracting dog haired document.

Repeat that twice. So what should you do to pass the five second rule and give yourself a chance to be noticed?

Load Power Up Front – We tell clients all the time that the first half or potentially first one third of their Microsoft Word based resume should contain keywords, phrases and even highlighted data that gets them noticed by the specific audience they want to impress. You can’t front load your resume so much that you leave out key problems, actions and results below but you better catch the readers attention. You cannot cut and paste nearly word for word from the company advertisement. Catch their attention and clearly make your case early.

Continue the Argument – Just because you front load your resume make sure you detail and back up your case. So many people who think they can game the resume and recruiter winnowing process figure out how to front load the resume some but you cannot stop there. You must have a highly focused, tight, well-written document to follow. Ease up on detailing experience going back 10 or more years. Realize that it may be important for some jobs but most first interview decisions will have nothing to do with bringing you in for that first interview. One recruiter told me two weeks ago: “I simply don’t read that far back and I won’t even pay attention to experience that far back.”

People Aren’t Bots – Is it true that many resumes must be submitted via electronic systems like Taleo and many others? Yes, this allows you to cut and paste content from your resume but this should not bring you to let your guard down about customizing each section. You must revise and rewrite your documents as you tailor them into these sections. Without the smart refinements and slickness of a Word resume you must win the day with keywords, key phrases and powerful, specific arguments for your candidacy. Think that eventually the bots will turn over the documents for the recruiters so build your case don’t just cut and paste even in an electronic load.

Cover Your Bases – Does a cover letter matter? Some recruiters tell me yes, absolutely. Others call it a net neutral and still others have called it a “tie-breaker” for the resume. We think the latter idea for those in career transition may be the most helpful, the most productive way to think of a cover letter. So what do we think with 20+ years in career services? We think that both resume and cover letter better be good. Think tie-breaker. Think that your personal narrative in the cover letter better clearly state the case and bring some passion as to why this specific position is something you want and are qualified to interview for rather immediately.

A few other ideas to consider. Please study the company, their mission and your trickle down potential purpose in the role you apply for next. Don’t just rely on the advertisement. Find a way if you can to study the company online. If you have the company’s name and it is not a blind ad find out about the company on sites such as Glassdoor or Linked In. Find people who have worked there and work there now. Try to connect with them. Try to find a connected advocate within and perhaps you can have that person endorse you or help you network. Should you do this kind of thing before you apply? If you can the answer is an absolute yes. In today’s ultra competitive marketplace you must not miss a chance to feed your candidacy what it deserves. Feed yourself by winning the five-second rule and you wont’ have to eat dirty french fries off the floor. Well, you might but it will only be temporary!

Image Credit: Instantshift.com

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The Five Second Rule

September 06, 2012

My Advice on Free Advice

If you’re looking for free advice look no further than deep space called the Internet. Really you’re a Google search away from not only free articles but an immense culture of opinions and free advice on absolutely everything. I mean everything. So when it comes to important daily, weekly, monthly, yearly and, in general, life decisions who should you rely on? Do you rely on the article that states what you should do with your 401K? Or do you rely on the Comments section to influence or contradict the free advice you gained in the to do article? When it comes to finances, family, business and even more personal advice who do you turn to in your life? Do you turn on the TV or scour CNN Money or CNBC for stories? Although there is always good information backed with information it always contradicts. So what most people need focuses on a plan and a point of view that works for them.

In looking for advice I would advise you to find credible resources not just the newest idea. Find people in any area of business or life that can show you a track record of performance. If you hire them or you, in effect, hire them by simply listening to them you now have a better resource. It’s certainly better than the point counterpoint ideas or opinions that you hear. Whether you seek a career change, a financial plan or a ideas on how to better help your friends and family achieve their goals find credible resources and ensure the advice you listen to helps you achieve your vision and goals.

Here are some reasons why you need a clear point of view and why you need to very carefully measure all the frontal assault of so-called free advice you hear today from all sources:

It’s Russian Roulette – by spinning a chambered round and firing at your head you take a one out of six chance that you will shoot a bullet into your head. Is that too graphic? When you take random advice that may sound or feel good to you at the moment it may not help you in the long run. Your shooting craps, taking chances you probably shouldn’t and not really getting sound advice.

There’s No Point of View – good advice comes with a point of view, is consistent and takes into account your personal situation. When you sit down with most financial planners they want you to fill out a long list of information about you, your goals, your current situation. When you go to a doctor they should not just look at your symptoms and prescribe immediately in many cases. They need to do a medical history on you and find out about how you respond to certain medications. As a career advisor I want to know your short term needs and long-term goals. You may not be able to accomplish your work life mission in your next job but even at the executive level you need to be pursuing a vision that helps you work toward the most meaningful work you can do.

It’s Hard to Have a Perspective on You – most of us have trouble coaching, counseling and helping ourselves. Many of us whose lives revolve around helping, serving and assisting others accomplish their goals often overlook what is best for us. Our devotion to others should be balanced or we can forget to take care of ourselves. We know this as a culture in the United States. We collectively spend millions upon millions for healthcare, diets, psychological, and psychiatric counseling. Most of this is a good but it shows that we, as a culture, have a tough time getting to where we need to be from where we are without help.

Whether you need help with your career, finances, marriage, friendships, healthcare issues or anything else, don’t listen to any one source. Don’t cut corners on the most important areas of your life. Seek out the best advice that suits your vision for your life, your short and long term goals. Don’t follow the crowd to the easy answers. Find advice that advances your goals and if those goals fit into your positive vision for the future find a way to get good, consistent and positive advice from credible sources even if you have to pay for it. In a world of free advice try not to find another point of view but try to find the best point of view that speaks exactly to where you want to go within all areas of your life.

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My Advice on Free Advice