Posts tagged ‘Personal Business Advisors’

March 31st, 2011

Where do I go from here?

by AskSage

Hi Sage,

Many of my former colleagues and I (all Senior Executives and laid off during the “Great Recession”), cannot secure employment at the career/salary-level we have enjoyed for decades  and have the same question/concern:

Where do I/we go from here? Most of us have kids in high school/college, mortgages to pay etc. and are VERY qualified but cannot find a job –while our savings and 401Ks are literally disappearing in front of our eyes.  What do you suggest I/we do?

Best Regards, David

 

Dear David,

What you are describing in your Email has become the new norm for today’s Executives. A survey conducted by Netshare.com shows that 42% of our peer group is un- or underemployed –nationwide. Our own experience indicates an even higher number than that.

Many become ‘consultants’ -but are without projects or clients- while actively seeking full-time employment. They are flying and dying under the radar -and are not accounted for by the Labor Department.

When you add to this a current average executive job search time of 23 months, an average tenure of 18 months –and do the math- you’ll find that today’s average VP or C-level Executive makes no more annualized income than a full time truck driver. Add to this rampant age discrimination and you get the picture. It just doesn’t make sense.

Becoming an independent business owner, partner in an existing business, buying into a franchise etc. has become a much more viable strategy for senior-level executives.

You can find many credible six-figure-income opportunities with a good historical track record, that start as low as $12K and can go as high as you wish -or can afford.

David, you and your former colleagues DO have options. They are simply different from what you were used to in the past. You may want to reach out to your Personal Business Advisor or write to [info @ personalbusinessadvisors.com]

 

Sincerely, Sage

March 31st, 2011

What happened to my job applications?

by AskSage

Hello Sage,

I’m a former CFO for a large IT company, have sent out 6,000+ job applications over the last 22 months, yet have only heard back from a dozen or so companies. Most of them simply thanked me for submitting my résumés and few invited me to an interview (needless to say, none of them offered me a position).

My question is: What do you believe happened to all these job applications? Are they being read? Do they disappear in cyberspace?

Respectfully, Ken

 

Dear Ken,

First of all, I’m very sorry for your experience, which unfortunately has become the new norm for most of our peers. On average, hiring authorities and recruiters today receive more than 3,000 job applications for every advertised senior-level-executive position. Nobody can sort through this onslaught of data.

Most recruiters then sort through these by ‘boiling it down’ via electronic key word search, so they end up with some 100 (0.03% of all submitted) résumés.

They then read the first (electronically formatted) paragraphs of each of these résumés, to find out if the summary of qualifications meets what the client company is looking for. Then they narrow it down quickly to half of that (50/0.016%), so it becomes a more manageable ‘mass’.

Of these 50, they typically are not interested in interviewing more than 15 or so via telephone (0.005%) and it’s only those who normally get some sort of notification. The rest goes into/stays in one big database…

The issue is obvious: Too many (qualified) candidates and not enough positions.

Ken, you DO have options. You may want to reach out to your Personal Business Advisor or  write to [info @ personalbusinessadvisors.com]

 

Sincerely, Sage

 

March 31st, 2011

Is Age a Factor For Not Finding a Job?

by AskSage

Sage,

I’d like your opinion on age discrimination. After eight different job interviews and no offers whatsoever, I wonder if my age is the reason for that. I have never had this kind of experience before during my 27-year career.

I’m a 52-year-old VP of Operations with a successful track record in public and privately held logistics companies.

Best, Gary

 

Dear Gary,

The old saying “If you feel it is true, it probably is” applies –unfortunately- here as well.

Even though age discrimination is illegal in this country, the reality is different -especially for senior-level-executives. When executive recruiters get retained or contingency searches, they hear all too often “don’t bring me anybody with more than 15 years of experience”. In other words, don’t bring me anybody older than forty.

One might argue that this is shortsighted (from a company’s point of view), but as long as quarterly (and annual results) are the only measurements we use to judge a companies’ performance, that won’t change any time soon.

So yes, if you are a senior-level-executive and have reached the tender age of 40+, you will start experiencing some (a lot of?) age discrimination.

Gary, you DO have options. You may want to reach out to your Personal Business Advisor or  write to info@personalbusinessadvisors.com

 

Sincerely, Sage