I’ve been an employee and an employer (a couple of times) and now as an executive recruiter I’ve seen a lot when it comes to the employee/employer dynamic or what I refer to as “The Dance.”
A strong personal and professional network is vital for career growth – whether or not you are currently looking for a new position! Having a cache of people in your inner circle with whom you can connect, learn from, and expand your horizons is one of the first lessons of success. At KMR Executive Search, we are firm believers in the power of that circle. Below we’ve shared some of our best networking tips – some may seem a bit obvious, but they are worth repeating! We hope you consider these “networking buckets” as they may provide you with invaluable information, leads, and career advice, and you will more than likely connect with one or more mentors that will guide you on your path to success.
The cost of a bad hire is financial and emotional – because having the wrong person in the wrong seat at your organization can quickly turn into a cancerous situation that will quickly destroy morale and ultimately degrade your customers’ experience with your brand. Happy Employees = Happy Clients = Happy Bottom Line for the business.
The tidal wave of the Great Resignation continues as more and more employees suffer burnout, a reluctance to give up their work from home status, and discover a need to work less and live with less to achieve a better work/life balance. According to Fortune.com, the number as of January is over 4.5 million people resigning. Some are leaving the workforce all together, taking early retirement, others are opting for lower paying jobs or entrepreneurism to feed their soul and wallets. As per the chart below – some industries are surviving better than others.
If you’ve been following the news of the Great Resignation, you would think it’s a dream market for employees – simple supply and demand economics…or is it? While some industries such as health care and education are experiencing critical gaps, others are just seeing a lot of movement – all can be quite disruptive to the team, the organization, and the bottom line. The search to fill roles with the right candidates is at an all-time high but that doesn’t mean anything goes.
It’s a fairly safe assumption to make that every late Millennial to the Baby Boomers has seen the iconic scene in Jerry Macguire where Ron Tidwell, played by Cuba Gooding Jr. screams to Jerry, played by Tom Cruise, to “Show me the money!” If you haven’t seen the movie, you can watch the clip here on YouTube. The movie itself is a great example of what’s going on in the world today and has a lot to do with this month’s topic of gratitude and employee wellbeing.
During the interview process, you want to learn as much as possible about your top candidates before you make the very important decision of who to extend a job offer to. However, it’s important that you don’t expose yourself or your organization to a potential lawsuit. Knowing what questions to ask, and more importantly, what questions NOT to ask, is critical.
Over the past year plus, many people who had plans to change jobs ended up staying put due to the uncertainty of the pandemic. The “Great Resignation”, coined by Anthony Lotz of Texas A&M University during an interview with Bloomberg Businessweek, predicts that those employees are now ready to make their move. In fact, a recent study by Microsoft found that 41% of the global workforce would be open to leaving their current job within the next year.
Change is on the horizon, if not already here. Many of my clients are bringing 100% of their remote workers back into the office over the next few months, several are creating hybrid models – some remote, some office time – while others are closing brick and mortar offices in part to embrace the “new way of working.”
It’s about who you know. The power of your network. Most business owners are only tapping into a tiny fraction of that power because by nature we feel uncomfortable admitting we have a gap and/or we have a hidden fear that it’s a sign of weakness if we need to ask for help.