Thursday, February 11, 2010

The Relationship Between Seeking New Employment and the Economy

In many of the discussion boards, blogs, conversations, emails and other means of correspondence we receive, the buzz is about the poor economy in relation to their job search. We purposely have avoided that discussion. The reason why we have avoided it is that our business mission is not to change the economy. Obviously, no single business is capable of changing the entire economic situation. We have focused all discussions and efforts on our mission, which is:

“To help all those who desire success in seeking a new career opportunity by providing skill-based training that is time-tested and proven. To deliver real world training, not theories, in a proven job search system practiced on a daily basis and delivered in actionable steps.”

Nevertheless, we think there are a number of relevant points that can be brought out about job searches and the economy.

As a degreed economist, I may take a number of things for granted that are not common knowledge to many. It is no different than someone with an IT background discussing something with me and assuming some points that I am not at all knowledgeable about. I might think I understand but I am sure whatever I say would indicate my severe lack of knowledge in that area.

To set a baseline knowledge of economics, I will bring out some fundamental points. I hope they help illustrate why the economy is not doing well overall. Of greatest importance, I want to point out that those seeking a new job can still be successful in spite of the poor economy.
The most common comment I hear or read is, “my job search will go better when the economy turns around.” Or, “if the government would just get off its duff and create more jobs, then I would be able to get one.”

There is no question that if there were more jobs it might be easier for many to obtain employment or change jobs. The fact is that there are fewer jobs. With almost 36 million people out of work and an added 393,000 jobs according to the latest Bureau of Labor Statistics numbers. That is not much help.

How does the economy play into this issue? I want to make this brief and by no means am I looking to start long-winded discussions about economic theory. None of us have that kind of time. My purpose is to be of help, not put you to sleep!
The lack of jobs in the US is a result of the poor monetary and fiscal policy of the past and present administrations. For many years, Alan Greenspan and the Fed artificially lowered interest rates. The government also continued to print money. In addition, the administrations (past and present) have continued to spend money they did not have, continually increasing the debt.

Artificially lowering the interest rates creates what is referred to as malinvestment. Companies use interest rates as one signal to determine if they should and can borrow money for capital expenditures. If rates are low enough, they will borrow and spend on projects, expansions, acquisitions, etc. The problem with this is it is a false signal and the other costs associated with the projects, expansions, acquisitions, etc., are typically higher than would be acceptable to the company if the interest rates were controlled by the market. The end result is what many refer to as a “bubble” is created. That has to come to an end and when it does; there is the “bust”. Unemployment rises, jobs disappear, companies fail, and others contract.

From a historical perspective, this has happened over and over again. How the government responds is what really makes the difference when the bust happens. Keynesian theory encourages heavy government interaction. It wants to see massive government spending. It likes massive printing of money and more regulation of interest rates. All of this is done in the name of stimulating the economy. Other command and control theorists want more regulation of banking and other financial institutions.

Heavy intervention is the type of reaction the government responded with in the Great Depression. Unfortunately, it caused the depression to last until after WWII. If the government’s reaction is one of letting the market take care of the problem, the response by the market is much different. Interest rates will go much higher. If money is not printed, its value actually increases slowly over time. If businesses are not “rescued” (read made public institutions) those that were inefficient will fail. While it is not painless, it is not as bad as the government taking them over. The assets of the failed company will be bought by other companies and they will continue the business. They may even take many of the former employees, as they will be increasing their business and have some needs.

Many see letting the market operated freely as unfathomable. Just as there are historical events that show the downside of government intervention in the events they created, there are historical events that show leaving the economy in the hands of the market and not doing anything heals the economy faster.

Just before the Great Depression of 1929, there was another depression in 1921-1922. It has received little attention. The reason is that the recovery was so quick is that it went almost unnoticed. Murray Rothbard stated in his book, America’s Great Depression, “In the 1921 – 1922 depression, government intervened to a greater extent, but wage rates were permitted to fall, and government expenditures and taxes were reduced. And this depression was over in one year – in what Dr. Benjamin M. Anderson has called “our last natural recovery to full employment.” (my italics)¹

Job creation does not occur as a result of the government spending of money they tax away from businesses and individuals. Nor is it from creation of money and deficit spending. Job creation is the result of savings and investment. The savings become the capital for entrepreneurs and businesses to invest in capital expenditures which create new jobs.

Real job creation is being hampered by the government. Increases in jobs will be slow to see real improvement. That creates an environment where reality has to be looked at for what it is and knowing how to work within that environment has to be learned. It has to be learned by those seeking new employment and those wanting to change employment.
I have said enough about the truths of why the economy is its current state. I have also said enough in this discussion about how it can be resolved.

Now let’s turn to how a successful job search can be conducted in the face of the economy today.
Even now, there is good reason why many can achieve their job goals. It is a matter of how it is done. In a previous article, Your Cure for the Symptoms of Unemployment (http://www.careertrackexperts.com/29.html), I addressed some of the problems current job search practices create. The bottom line is that they fail to help a job seeker find a job.

There are numerous industries that are doing well. One avenue that can be pursued, is considering another industry if the one you are in is continuing to contract or it is stagnant. There may be a price attached to that change. It may require some additional training or convincing of a hiring manager that your skills, experience, and accomplishments parallel their industry. It is not impossible. There are several keys to that transition. You must understand the industry you are considering. Heavy research is required. The second key is to learn what the industry’s major issues are, the opportunities seen and how companies plan on capitalizing on them. This requires live discussion with those within the industry such as; producers, vendors, suppliers, and customers. The third key is to present your credentials to hiring managers in a way that clearly indicates to them you have the skills, experience, and accomplishments to help them accomplish their goals and objectives. The 1960’s resume model which is commonly used, falls flat on its face in this objective. Then again, what other objective could a resume have?

If you learn the skills to transfer and integrate yourself into another industry, you will have a great deal more success than following traditional practices. The cover letter and resume to HR will only create disappointment in the majority of attempts. Those answering more job postings will increase the rejections. Contacting more recruiters will continue the silence you will get from most of them.

Why not learn the skills necessary to cut through all of the above issues and find the right job in the industry you currently know, or whatever industry in which you want to be employed? Like any other learned skill, there are steps that need to be taken to master them. They need to be practiced in order to execute them and achieve success. Those who learn a new sport, learn to paint, learn to dance or, get an education to be a teacher, engineer, doctor, etc., learned those skills necessary to succeed. They did not pick them up by simply thinking about them or taking the advice of friends or even strangers. Most individuals actively sought out how to learn the skills to become accomplished at the vocation, sport, or activity they desired.

The same is true with learning how to be successful in a job search. There are skills that are easy to learn, but not obvious to the job seeker. With a little practice and training, they can be executed well to achieve success. Some of the changes to current practices are:
· Realistic self-assessment of skills, experience and accomplishments
· Knowing what resources are available to do effective research
· Stop using the time honored resume and learn how to present your credentials in a compelling way that will get the attention you want
· Learn how to seize an interview and become a competitive contender
· Learn specific techniques for being prepared for an interview and actually being in charge of the interview
· Learn effective follow up and seizing the next interview
· Learn how to get the offer you want with little negotiation, because you already know a great deal of what is planned by the prospective employer
· Learn what the steps are to preparing for the first days of employment that will set your career path on the one you want for the future

I am sure many have heard similar points. The difference is in the specific techniques and how to apply them. Career Track Experts can train anyone in these steps. From the entry level person to the seasoned executive we have created a process that “fits”. They are proven techniques that have been used by us for a combined fifty years. But, if you do not choose to use our training, it is important to get that training somewhere. It will be the best investment youl have ever made. Even if you invest in another training of some type and you find it not satisfactory, we will be glad to provide you with the training that will allow you to achieve the success you want.

Neither you nor we at Career Track Experts can change how the economy is being handled. It is not terribly important if we agree or disagree with how that should happen. The reality of the situation is many are seeking employment the same way it has been practiced since the 1960’s. It has never been terribly successful. The lack of success is being highlighted daily now in the worst economy since the Great Depression. Why not take the road to success by gaining the training you need. You invested heavily in your career training, invest a little now to get your career back on track.

¹ Murray Rothbard, America’s Great Depression, (Ludwig von Mises Institute, 1963) 186

You can find our job search training at http://www.careertrackexperts.com/.

Monday, February 1, 2010

Hlep Us With Your Input and Thoughts

Today we have an important question we would like to ask, and we thank you in advance for your responses.

What would empower you to feel confident you will get the job you want?

If you have a list, please feel free to include your complete list. We know that not having a job is very difficult to say the least. It creates many, many side effects that most don't think about until they happen. All of the emotional issues that can be created along with using practices that are not working can quickly make you lose your confidence. It is understandable.

Please let us know your thoughts.

Thursday, January 28, 2010

Finding a Job IS a Job

I looked up the definition for advice and training in two different dictionaries. I used the Google Dictionary and Dictionary.com.

Advice:
1. If you give someone advice, you tell them what you think they should do in a particular situation.
2. An opinion or recommendation offered as a guide to action, conduct, etc.

Training:
1. The process of learning the skills that you need for a particular job or activity.
2. The education, instruction, or discipline of a person or thing that is being trained.

Everyone that has held a job, regardless of the type of job, had some type of skill training. It could have simply been being shown how to perform specific tasks and/or years of formal education and intensive skill-based training. The point is; the profession or position you chose required some training.

Companies have increasingly added different types of training for their employees at all levels. The idea is to provide the employee with additional skills to perform better, safer, more efficiently, skillfully, etc. It may help them create new products and services, improve existing products and services, and provide customers with better service overall. Some training is designed to increase the skills of employees, so they can be promoted to engage in even higher value tasks.

Finding a new career opportunity is really a job. It takes specific skills and effort to effectively find that next opportunity. So, where do most people get the skills needed? We aren’t born with them. We don’t inherently have the skills necessary. No, most find them through the advice of family, friends, co-workers, former co-workers, in the local newspaper, outplacement services, career coaches, free online webinars, and of course, on Oprah.

Would anyone who is focused on their chosen profession when they are working take advice from those around them who don’t know what they do? Would anyone take advice from someone and apply the advice from someone that doesn’t know the first thing about what you do? How can they know the education you have acquired, the skills you have learned, the training you have added and the experiences you have? Of greater importance, where did they get their training and skills to be able to impart advice that is effective?

For example, say you are an engineer in a nuclear power plant responsible for the cooling system. If your favorite aunt who has never studied the operational needs of a nuclear reactor system gave you some advice on solving a specific critical issue; how would you respond? On the outside, you might smile politely and thank her for her thoughtfulness in offering her insights. On the inside, you might be feeling very uncomfortable with implementing her suggestion even though she meant well.

Of course, that is an extreme example, although people are usually willing to give advice for all the right reasons. They mean well and want to help even if the advice isn’t sound.

Back to searching for the next career opportunity. Perhaps it isn’t as extreme as ensuring that a nuclear reactor operates as designed but, I think most people feel very strongly about their job and finding the next one.

Why do so many seeking their next career opportunity lean on advice for such a critical process? Why aren’t they seeking skill-based training as tenaciously as they have sought the training that prepared them so well for their chosen profession or the job they like?

Going back to the two different definitions at the top; I think there is a distinct difference. Seeking advice is not necessarily going to carry the day in searching for the next opportunity. It might sound good and give you a good feeling inside, but is it effective? Who knows? Or, maybe you do know, because it hasn’t worked.

On the other hand, seeking training that will provide education and skills resulting in the desired end results might have more merit. Learning effective job search skills that will:

• Teach you to research the kind of companies where you want to be employed
• Teach how to approach them so they will want to talk to you
• Learn the skills of how to present your credentials so people notice you
• Teach you how to present yourself in a manner that tells the prospective employer you are qualified and they see you fitting their organization
• Gaining the skills to follow through in a way to gain additional insight and to seize the next interview opportunity
• Learning how to gain the offer you deserve
• Learning how to follow through so the start is a great one for you and for your new employer, setting the tone for advancing your career long term

These are key components to finding your next career opportunity that take specific skills. Some may possess some of the skills or pieces of the skills from other experiences, but the complete set is needed for success.

Of course, we train those wanting the skills through our skill-based training webinars and even one on one. My suggestion is even if you choose not to enroll in our webinar series, get sound, high quality training to find your next opportunity somewhere. Like most of the training you have had throughout your career, you will not be sorry. It will more likely lead to success than well intended advice.

To learn more about this what skill based training is all about go to: http://www.careertalkguyscom/.

Thursday, January 14, 2010

What Has Been Your Experience?

There are approximately 36 million people unemployed today over the age of 25. That number comes from the, Bureau of Labor Statistics (BLS). They work with the Department of Labor. That number may be low as it does not include those who have stopped seeking employment or the underemployed. Not very encouraging but reality.

Many are working very hard to find their new employment. They conduct their job search, send resumes, some get interviews and some get offers, some don't. The experiences vary widely from talking with many.

We would love to hear about your particular experience. Click on comments button below to share your experiences.
  • What has gone well in your own search and why do you believe it worked for you?
  • What has not gone well and why do think it has not?
  • What would cause you to seek help with your search?
  • What type of help would you seek?

Thank you in advance for sharing your thoughts.

Wednesday, January 13, 2010

Is Career Hibernation an Option for You?

I read an interesting comment recently about the struggles of people to find a new position in these difficult economic times. The comment was “It was easy to find a job when the economy was very strong. Resumes were a formality. If you knew someone you could get into a company fairly easily. The only reason people can’t find a job today is there aren’t enough jobs. Fix the economy and the problem goes away.” It was a valid comment in that it points out another thought about why people may not be able to find the employment they desire. It does have some merit. On the other hand, you may be like most people; you are not likely to place your career in hibernation until the economy makes the job search process “easy”.

The assumption made is that when the economy is strong, it takes little to get another job. For example, a new job may come from someone you know. It might come from finding a company struggling to find someone with the skills the job seeker possesses. They get in touch somehow and employment occurs.

It also assumed when the economy is weak, it will not be possible to gain employment until there are more jobs regardless of the practices the job seeker prosecutes. The answer was focus on economic issues, cure them and employment is cured as well.

We cannot argue with the law of supply and demand for labor, it is not our focus. We are not in charge of economic policies. We cannot implement what we feel are the best economic policies to prevent recessions and the business cycle. We can, of course, vote for those who will. But, that is another story.

We have narrowed our focus to a close examination of how most people go about finding their jobs, regardless of the economic conditions. We also know how the job search process can be made successful for those who want success. We have over fifty years of combined experience in research of that process and results.

Is it true that sometimes the accepted practices such as, answering job postings, sending resumes and cover letters to companies, and networking in some manner will work? Sure, sometimes they will, typically only for a few. Will it work consistently is the real question. Our experience tells us it does not work consistently for everyone. It is more often akin to playing the lottery, except that with the lottery, the odds may be better.

Why have individuals who have exemplary employment backgrounds not been able to find new employment in strong economic conditions? We know that this situation exists today because we have been asked for help from those with exceptional credentials and experience who have not had success gaining employment. In evaluating their situation, they followed all the common or standard practices for finding employment. After teaching them the insider skills they needed, they succeeded in achieving their goal of seizing the right opportunities.

Common sense tells us that when the labor supply is limited and the demand is strong, there are fewer unemployed. At the same time, our experience tells us, even when the job market is robust, there are many who cannot find the employment they seek. As we have examined the reasons why, it became apparent they did not possess the unique skills to achieve the success they desired.

The common denominator we have encountered is the type of skills each possessed and the practices they followed. In every case they applied the common or standard practices that did not create the success they wanted. In each case when we taught them the skills they needed and they applied them, they found the employment they sought. Our conclusions are based on encounters with thousands of people seeking employment we have helped.

For many years this training and teaching has been conducted in a one-on-one situation. Rather than continuing to offer instruction in a one on one manner every time, we have chosen to use the technology available today to help as many as possible at one time. We recognize the magnitude of the problem created and it drives us to offer a solution for many rather than the few. We still offer one-on–one instruction for those who might prefer that type of assistance or for those whose circumstances are unique.

Visit our Career Library at www.CAREERTRACKEXPERTS.com.

Thursday, January 7, 2010

A Broken System or Your Cure for the Disease of Unemployment

As I listen to and read comments of those seeking new employment, there seems to be some common themes. One that is not common, but a great observation by a gentleman with whom I corresponded recently, was one that is not on the radar screen. It is an observation that I feel provides real insight into a huge source of the lack of success, frustration, fear, anger and other emotions felt by many job seekers.

His observation (and one my partner and I recognize) to put it in his terms is, “the job search system is broken.” His points that are dead-on of the broken system are:

• Sending resumes and cover letters does not work
• Networking is not a strong avenue for most people or done well
• HR contacts are not decision makers and don’t help
• Recruiters do not work for the candidate; they are paid by the client. They are not in the business of finding jobs for people
• State agencies are way behind the curve on knowing what to do to achieve success. They mainly process claims.
• Career coaches don’t have a handle on the situation
• Most advice addresses the symptoms, not the disease

I think the last point above is probably the most important and encompasses all the others. When looking at conducting a job search, there are many components and they all have to be performed well, in order to achieve the goal of obtaining the job wanted, not the one for which they settle. Today, most do not reach the point of being able to even settle for a job.

The point of addressing symptoms, not curing the disease is right on-point. Consider what is available as advice. Most advice will recommend what to do for one or two points. The advice addresses the specific symptom, not the disease. For example, in the case of sending resumes and cover letters to companies, traditional of advice is to make sure the cover letter addresses specific points. Other traditional advice points out the resume should contain certain points and look a certain way. These are addressing symptoms. The disease is the lack of several things:

• A lack of knowing how to conduct an overall job search
• A lack of where to really start. It isn’t with the cover letter and resume being sent to companies. There are numerous steps before hand that if not accomplished correctly, the best cover letter and resume will yield nothing as most do.
• The lack of knowing that sending a cover letter and resume is not a high percentage activity for successful in a job search.

So what is the disease that needs cured? The disease that needs cured is the current, collective body of knowledge of how to conduct a job search. It is a patch work of bits and pieces of advice and previously used actions that sometimes worked for some people, under certain circumstances. It has been used for decades in every situation regardless of whether the situation and circumstances changed dramatically. Now, that probably seems rather confusing and that is understandable. Let me explain.

The vivid analogy is the humorous story of the auto worker who wanted a new car, but did not want to buy it. He had the bright idea he could steal a part a day from the factory where he worked, and eventually have all the parts needed to build his new car. He proceeded to do so but it took many years for him to take each part out of the factory. The car he ended up with was a hodge-podge of parts from so many different models that it did not look like a real car. Of course, it did not function either. The common wisdom of how to find a job and opportunity suffers from the same “hodge-podge” effect.

The same can be said for how the typical job search is conducted today. Let’s look at it piece by piece:

• Employment seekers send cover letters and resumes to unsolicited companies. Why? Because others have done so in the past and some have had some success.
• Sending responses to job postings. Why? Because traditionally people over the decades have answered ads in print media and now electronic media. In the past, some have obtained jobs: now that equates to how to find a job.
• Contacting recruiters. The history of recruiters goes back three to four decades when there were many “employment agencies” where one would go, get interviewed by an Employment Counselor (as they were then titled). He would call companies to see who could use someone with the qualifications possessed by the person who applied. The applicant/candidate typically paid for this type of service. Sometimes it worked. Out of that, evolved what most recruiters do today. However, today they work for the client company, not the candidate. Most job seekers do not realize this and still think a recruiter is most interested in finding them a job.
• State and federal employment services. Like most government agencies, they have good intent, but little substance and even less motivation to actually be helpful. There is no need to explain further, as this is not a political discussion.
• Networking with others. This can be effective, but it evolved decades ago when the supply of labor was short, demand in the economy was huge and simply by word of mouth supply and demand met up with each other. People think they can do the same today. They are correct, but it must be conducted in a completely different manner than it is attempted by most.
• Professional career advisors. They listen to the symptom the candidate/applicant provides through their explanation. The advisor dutifully responds with how to treat that specific symptom. If the process goes on long enough and the candidate/applicant has enough financial resources, they may get to what the disease is and develop what they hope is the cure.
• Finally, all of the above have the influence of the huge advances in technology we enjoy today. The results are still ineffective. The only difference is it is faster and vastly more contact can be achieved for the same lack of results. Applying technology to a broken system has no effect on its output. When it is wheat that you seek, increasing the amount of chaff simply steals time better spent on effective actions.

What is the answer? The above points are just practices that have evolved in a random manner. They do not create the effect needed, causing the next action required, that ultimately leads to the success desired; a job offer. They are not applicable to the economic conditions today, so what practices and skills are necessary to be successful TODAY?

Instead of attaching band-aids to the wound when the patient needs a transfusion, the prescription has to change in order to save the patient. The objective is to bring the perspective employee in contact with the right perspective employers in such a manner they both recognize they can be of benefit to each other. This results in an acceptable offer and acceptance resulting in viola!, success. The cure has to be effective on a consistent basis. Therefore, specific actions have to be taken by the perspective employee first. (To understand why it has to be the perspective employee that takes the action, take a look at an article on our site about hiring companies today at http://www.careertrackexperts.com/articles/hctone.pdf

There are a series of specific actions the perspective employee has to take such as:

• Analyze and learn what they have to offer as a qualified candidate/applicant
• How to apply what they learn when appropriate and in an appropriate way that causes the desired results
• What type of companies do they want to work for and they would qualify for
• Learn a great deal of specific information about the companies to be contacted
• How and who to contact in and around those companies
• How to gain an interview with those companies
• How to present the qualifications in a compelling way that illustrates to the perspective employer the candidate/applicant will help them achieve their objectives and goals
• How to follow through
• How to gain the subsequent interviews
• How to gain the offer deserved
• What research has to be done if relocation is required
• How to prepare to start the new employment
• How to start the new employment “hitting the ground running”

Now I suspect some are saying to themselves, this is not much different than what has always been done. While some of the words may be similar the actions behind them, the results they produce and more importantly, the skills required are completely different. The list is not an exhaustive list but rather basic, essential steps.

Each of the steps builds on the previous one. Each causes the desired effect of the next one. Each is a controlled action by the perspective employee. It is not throwing information out into the great employment abyss and waiting for something good to return.

Finally, consider this. Each person, when employed has specific duties and responsibilities they perform. Those duties and responsibilities require skills. The skills come from education, training, and experience. They also come from initiative the employee takes to excel at their job. The same thing holds true for this “job” of finding the right company and position.

The unfortunate reality is that there has never been a resource to provide effective education and training to those seeking their next employment. The reality has been there was only experience to rely on and those who provided the “band-aids” to the wound. Sometimes the advice did treat the symptom. Just like medicine there are much better ways to save the patient today than there were decades ago. While medicine has advanced tremendously, seeking new employment is still using leeches and potions.

The good news is there is a resource today; right now that can teach the skills and training for success to those seeking their next career opportunity. Career Track Experts has brought the job search process into the second decade of this new century. A complete step-by-step process is provided that prepares the job seeker to take specific actions resulting in specific effects that lead to the next step. They ultimately lead to the achievement of the job seeker’s goal of obtaining the job offer they want with the company they want.

The process is taught in a series of five, one-hour webinars held over consecutive days every other week. To learn more about each session, see the course dates and register go to http://www.careertrackexperts.com/6.html.

Start a productive, successful career search right now by curing the disease, not treating the symptoms.

Saturday, January 2, 2010

"No That's Not It..."

Have you ever noticed something very obvious and pointed it out to someone only to have them say something like, "No that's not it."? I think we all have and it usually puzzles us because it seems so obvious as I stated earlier. Maybe it is related to the cliche, "You can't see the forest for the trees." Whatever the reason it applies to those seeking a new job too.

We place articles here on our blog, on our website, http://www.careertalkguys.com/. We receive a lot of nice comments on them and we receive numerous questions by job seekers concerning their specific search. Most ask if we are able to diagnose why they are not succeeding and what they can do to change their situation. All very reasonable. However, when we respond that the method they are using to conduct their search is not effective and does little to create success, they respond similarly to above in some form of "No that's not it."

I understand their response. Almost everyone has the same notion due to historical methodology. They typically are sending lots of template resumes, similar cover letters to lists of companies and to job postings. It has been virtually pounded into everyone that it is the only way to obtain their next job. They are perplexed, frustrated, and even angry they have had little or no results. Many are now starting to question that method. They are quickly recognizing they are working hard to gain little.  They may or may not recognize that the practice of create a resume, send a resume and wait for a response if very passive and puts the company the resume was sent to in charge of their efforts. 

The good news is that more are starting to understand that there has to be another way to work hard at their job search but achieve the success they want.  They now know they have to be proative and exercise certain skills in order to be in charge of their job search. When they complete our webinar series they understand what that better way is. Besides achieving the results they want, they also achieve some side benefits. They are no longer perplexed, frustrated or angry. Their outlook becomes much brighter and they feel productive. Who doesn't want that?

Our webinar program can be found on our site at http://www.careertalkguys.com/.