17 January 2014
Take a moment and think about your organization – are you preparing any of your employees for leadership? Though you may feel content with the management as it currently stands, training others can prepare your organization for success in the future. By looking for leaders internally, you’ll create a work setting in which employees feel empowered, motivated, and satisfied knowing that there are opportunities for upward mobility.
16 January 2014
In the report released late last year, Salary.com revealed that Accounting jobs—specifically, auditing roles—are some of the “hottest jobs” of 2014. The report was based on a position’s projected growth potential in the new year, with Accountants and Auditors coming in with a whopping 17% in the business and financial occupations. Accounting is “hot job” number 6 of 8, outranking School Psychologists and Operations Research Analysts. According to the report, the increasing need for these professionals stems from companies looking back on the causes of the 2008 economic collapse end ensuring they “are providing the necessary level of accountability and oversight in the post-recession business world.” As a result, we can expect to see the Accounting industry continue its upward climb in hiring trends. “When the market ‘crashed’ in 2008, tax remained fairly strong and continued to be very much in demand, but audit opportunities became very few and far between,” says Irv Myones, Managing Director of The Execu|Search Group’s Accounting/Finance Division. “Since the summer of 2013, audit in particular is one of the hottest areas of recruitment within public accounting. The demand for Audit Seniors has far outweighed the candidates who are available and has at times created a bidding war to attract talent.” So if you’re an accounting professional considering making the move to another firm or an auditing role, this is the time to make the leap! If you need further convincing to get on your job search, give our post The New Year Is Here, Are You Ready To Capitalize On It? a read.
15 January 2014
15 January 2014
In the twenty first-century, having a LinkedIn profile is part and parcel to a complete professional brand. With more than 225 million members, LinkedIn is the largest global professional network that offers endless possibilities for finding potential connections, such as alumni, hiring & recruiting managers, prospective mentors, or simply professionals in the same trade as you. As a result, it’s in your best interest to create a polished LinkedIn profile with your own curated content to appeal to those who you would like to add to your network. For those reasons, you should update your LinkedIn profile in these ways: Create a Vanity URL To create a new URL, hover over the Profile button at the menu bar at the top of your page, and click “Edit Profile.” Locate your URL under your profile picture, and select “Edit.” Once you are brought to your Public Profile, find and click the “Customize your public profile URL,” located in the top right section of your page. Write a new URL that is easy to remember, and reflects you personally, and click “Set Custom URL” to finalize your brand new link. Share Content Treat LinkedIn the way many treat Facebook – engage regularly with others, share professional content you’re enthusiastic about, and don’t hesitate to respond to a connection’s status or updates. Since you’re looking to get noticed and stand apart from the crowd, you’ll want to open yourself up to the possibility of new opportunities by actively participating on the site’s status feature. According to one estimate, 77 percent of LinkedIn members search for individuals and companies, and 50 percent use it to build new networks, so to stay fresh in people’s minds, regularly update your profile daily to show that you’re up to date and in the know. Participate in LinkedIn Groups You can further impact your online presence by participating in a few LinkedIn groups. Though LinkedIn does limit the number of groups you can be in to 50, you’ll only need to join a few – anywhere from 3 to 5. To make the most of your participation in those groups, you’ll need to get your chat technique down to a science. For each post in which you market yourself, make 10 comments on other daily topics. If you can, try to be one of the main voices in a key LinkedIn group. People will think of you as a thought leader, and hopefully this will start offshoots in which others converse with you on a more personal level and result in new connections. Update Your LinkedIn Profile Quarterly Each quarter, update the headline, summary and job experience portions of your job history to ensure your history accurately reflects your resume. It’s also a good idea to follow the prompts to complete your profile because according to LinkedIn, a complete profile adds to your chances of being found by 40 percent! If your profile is already complete, consider adding new duties you may have taken on at work, or a new skill you’ve started to learn. LinkedIn’s search functionality relies on the words in your profile, so your profile will pop up more frequently if there are keywords that speak to the specific skills and expertise you have. Write Recommendations and Endorse Skills If you give on LinkedIn, you most certainly will receive! LinkedIn karma goes a long way, and allows others you’ve vouched for to pay it forward to others (and you). The easiest way of affirming someone’s professional value is by endorsing their skills, which you can personally confirm. The process itself is easy, as LinkedIn allows user to quickly endorse skills through a popup at the top of the page which goes from user to user, enabling you to efficiently check off a large number of connections in a brief amount of time. A more personal way of vouching for a connection is to write a recommendation for them, speaking about your own professional relationship with them and the knowledge you have of their work ethic, integrity, capabilities, and accomplishments. Once you complete a recommendation, LinkedIn will alert your connection to the recommendation you’ve written, which they must approve in order for it to show up on their profile. After writing the recommendation, personalize the message they see in the alert by creating a polite and sincere query wishing them well and hinting your encouragement for them to return the favor in kind. The internet can be a great resource of information for employers to find out about your personality, work ethic, and portfolio of work. Using LinkedIn enables you to influence what they see. By keeping your profile relevant and up to date, you will be ready to make connections and explore new opportunities anytime!
14 January 2014
14 January 2014
Just like anything else in the workplace, loyalty needs to be earned. Leaders cannot simply demand loyalty from their teams due to status alone; while employees need to earn trust from their employers, the opposite is true, as well.
13 January 2014
On Friday, January 10th, Edward Fleischman, Chairman and CEO of The Execu|Search Group, made a guest appearance on Bloomberg Television’s “Taking Stock” with Pimm Fox where he discussed The Execu|Search Group’s hiring projections for 2014.
13 January 2014
Jobseekers are hopping on the social media bandwagon fairly quickly; now it’s time for hiring managers to do the same. According to Bullhorn’s 2013 North American Social Recruiting Activity Report, which polled more than 160,000 recruiters and hiring managers on their usage of Facebook, LinkedIn, and Twitter for hiring, not enough recruiters and hiring managers are utilizing Facebook and Twitter for the potential they can provide. And with many candidates looking to connect with employers through those very networks, hiring managers may want to rethink their strategies. Of those surveyed, only 22% and 27%, respectively, used Facebook and Twitter for their hiring needs this past year—and those who used them exclusively amongst the three social networks only formed a meager minority at 2% (Facebook) and 1% (Twitter). Instead, LinkedIn takes the lead with 64% of recruiters using LinkedIn exclusively and 98% including it in some combination with Twitter and/or Facebook. Though LinkedIn is a great resource that we highly advocate, especially since it’s geared specifically toward the professional side of social networking, we urge that hiring managers don’t underestimate the recruiting power Facebook and Twitter can harbor. According to Bullhorn’s study, the greatest opportunity for the staffing industry in 2013 was its “access to passive candidates via social media,” not excluding these two social networking giants. A hiring manager’s best bet would be to leverage all three platforms to gain the widest exposure, something that only 12% of the surveyed recruiters reported doing. We’ve written about how employers in the healthcare industry can benefit from using these tactics, but this applies to all employers and hiring managers regardless of industry. Creating a comprehensive and frequently-updated Facebook page and Twitter profile can help your company not only find a certain quantity of candidates, but a certain quality as well: namely, those candidates who research and take time to acquaint themselves with a company in order to determine their missions, values, and culture. Creating such pages allows a company to build a brand and rapport for itself to passively advertise to those looking for work and actively source for candidates. More recruiters reported using Twitter in some way or another than Facebook in the survey, but according to the study’s findings, Facebook has a higher success rate of providing qualified candidates. Data suggests that Facebook “provides recruiters with candidates of the same and potentially higher quality than Twitter” – probably because it allows for a more complete picture of a company than a simple Twitter feed and now allows candidates to showcase professional skills. However, Twitter can also be an exceptional tool for employers and jobseekers alike, especially since the app, TwitterJobSearch, has gained popularity by allowing employers to post jobs and enabling candidates to apply to them through the network. Still, it remains that in 2013 50% of North American recruiters using Twitter had fewer than 50 followers and 41% smaller Facebook network sizes than the average U.S. user, despite the finding that the bigger the network size, the more applications were received per job posted. With that knowledge, why wouldn’t hiring managers want to amp up their Facebook and Twitter presences? Who knows—there could be an entire pool of candidates for the job you’re looking to fill waiting on the other side of that “login” button.
12 January 2014
In August, we published an article on the positive outlook for the financial services and accounting industries, with 61% of CFOs planning to make hires between the summer and the new year. Now, with the new year well underway, the industries seem only to continue flourishing—especially in the insurance sectors. If you’re looking to tap into a different industry with your financial expertise, the insurance industry is a very viable option at this time. Hiring within the insurance industry, between the changes made by the Affordable Care Act and the continuously dropping unemployment rates, is looking promising as is. However, it seems that the industry is in specific need of finance professionals at all levels as it shifts and transforms over the next few years. Take, for example, Northwestern Mutual: on January 15th, it was announced that the life and disability insurance company, which also specializes in investment management, will be adding 6,400 financial representatives to its ranks in 2014. That’s the most professionals the company has hired at one time in its more than 155 years of business; and that number is focused on financial professionals alone, ranging from the internship level to higher-level candidates across the board. “For those with the right background who are looking to start a new career and want to get into financial planning, now is an opportune time to join an organization that is experiencing significant growth and tremendous success in the industry,” said Steve Mannebach, Vice President of Field Growth and Development at Northwestern Mutual. “There’s a high-demand for trained financial professionals, and our forecasts show that demand will continue to climb in the foreseeable future. With the market uncertainty and confusing options, people are seeking guidance and clarity in their long-term planning.” Our industry experts here at The Execu|Search Group expect certain positions to be especially in demand, such as Underwriters and Actuaries. Such positions require specialized, niche skills that can be hard to find. Still, regardless of position, the insurance industry is in need of financial services professionals across the board. So if you’re looking for the next step in your career or a new opportunity, consider trying out the insurance sector!