Only “Sitting” CFOs Need Apply!

I had a call from a recruiter who places CFOs today. As you might expect, he was looking for a particular type of CFO with specific industry experience. And a CPA. It’s a mid-six-figure salary. And … any referral candidates must be sitting CFOs!

Sitting. Employed. Passive. Desirable.

The candidate pool would likely be much larger if he was looking at unemployed prospects. But he isn’t. And that is probably a part of the specs he received from the client company.

– Rarely will a company look at hiring a recruiter to find those candidates who are easily found in all the public job boards.

– Rarely is a really good CFO position advertised, particularly with any kind of identifiable information included.

– Rarely is a recruiter going to find qualified and quality CFO candidates on job boards.

– Rarely is securing any executive finance position a cakewalk.

The job market is tough. Don’t make it even tougher by waiting until you lose your current job to begin thinking about your next job.

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Posted in CFO Careers, Current Affairs, Recruiters | Tagged , , , , , , , | 2 Comments

Top Talent is Ready to Move!

Are recruiters calling you?

According to Michael Vangel, VP of Talent Acquisition Strategy for TMP Worldwide, “stealth candidates are ready to tango!” 

There is a silent but very hungry giant out there. A groundswell of employees who have quietly suffered to get through this recession and can now see the light at the end of the tunnel. Top (and near top) performers are desperately waiting for your call. Today, they are far more confident that economy is stable enough now to truly consider alternative options.

I agree with him … and I’d take his belief a step further. Top talent is ALWAYS in demand. When the job market is hopping, companies need great CFOs. When the job market is completely stagnant, companies need great CFOs.

So, let’s assume you are a GREAT Finance Chief. Are you being courted by recruiters for the kinds of positions that are a great fit for your level and skill set? If you’re a top-notch passive candidate, you should definitely be getting calls from recruiters who have some of those coveted finance positions.

I previously cited a recent Execunet study, 52% of executives are considering a change of scenery. That means, competition is only going to increase among the best-of-the-best. And today, companies are only interested in hiring the “best-of-the-best.”

What can you do today to ensure you are viewed by recruiters as a “stealth candidate who is ready to tango?”

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Posted in CFO Careers, Current Affairs, Recruiters | Tagged , , , , , , | 1 Comment

The Linked In Profile of a CFO

Those of you who know me, know that I am a straight-talking truth-teller. So let me just say this as clearly (okay, and bluntly) as I know how.

The only thing worse than having no Linked In profile is having one that is completely incomplete. 

I run a CFO-only careers group on Linked In. If you are a Finance Chief, we’d love to have you join us. Since it is exclusive to CFOs though, I always look carefully at profiles before approving members. While there are some profiles that are quite good (and complete), many, many more are not.

Listen, Linked In is public. This is your brand, your reputation. This is what people who are looking for candidates have as their first impression when they see your profile. What message, then, is a poorly written or completely incomplete profile sending? Is that message accurate? Is that perception what you want people to walk away knowing about you?

Without a Linked In profile, you are, in effect, invisible. There is no poor message, or mixed message, or muddy message … there is simply no message.

A great network (not people who you know but people who know about you and have reason to think about you frequently) can counter invisibility, but many CFOs just don’t have vibrant networks.

With a Linked In profile, you are visible. Very visible. And what your profile says, or does not say, sends a loud and clear message.

Even if you do nothing else online, your Linked In profile shows up, and often at the top of the first page of Google. It proves you exist and adds credibility to your positioning. It also sends a more subtle message that you do, indeed, have some knowledge of 21st Century technology.

Linked In is representative of the new media that will only continue to shape how we manage our personal brands in the future. If you are going to leverage its incredible power, then you must understand how to use it … and use it to your advantage.

Not sure if your Linked In profile says what it needs to say in order to accurately convey your branded value proposition? Let’s talk.

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CFO Differentiation

Some interesting comments have been posted to a recent question on Proformative around how to differentiate oneself from other CFOs competing for the same positions.

It reminds me a little bit of the CPA / non-CPA controversy. You know, if you have one it’s critically important; but if you don’t hold that credential, you can do the job equally as well as someone who does.

These comments, though, boiled down to knowledge vs. impacts. How much  I know trumps the impacts I made. All the education in the world doesn’t matter if it remains merely “head knowledge” rather than translating to actions that deliver impacts.

I loved this statement from Andrew Neitlich, author of Guerilla Marketing for a Bullet-proof Career, made at the Career Thought Leaders conference last week …

“C-A-R (Challenge, Action, Result) stories are your license to brag.” 

Yes they are. So brag away and differentiate yourself from the Chief Financial Officers who are stuck in the rut of knowledge, duties, and responsibilities.

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Posted in Branding, CFO Careers, Coaching Tips | Tagged , , , , , , | 4 Comments

Networking … it’s a verb!

The words “networking is a verb” were rolling around my head yesterday during a coaching session with one of my clients. It is not at all unusual for me to encounter resistance to networking from my CFO clients. For many, it just isn’t in their DNA. In fact, for some it is way, way outside their comfort zones. Or, they are just too busy in their jobs to network … or so they say.

This particular Finance Chief is well-known in his community. He says he “knows” the important people that he needs to know and who need to know about him. Which is great. My question to him was, “will they think of you first when an opportunity arises”? Or, will they think of the person they also know who actively stays on their radar screen? I believe it is the latter.

Knowing people -and- staying top of mind with people you know are two entirely different things. You can be known but not remembered when somebody needs a new Chief Financial Officer. You can be known but quickly forgotten when business and life get busy. You can even be known but not have made a memorable impression.

Networking is a verb. You don’t “have” to network in your career. But if you don’t …

– that dream opportunity may never reach you

Many of the really great opportunities come through people who know and trust you. If they know you, but there is no relationship, there probably isn’t trust either.

– those who snooze, loose

If your competition is actively networking, highly visible, communicating a clear value proposition to the right target audience … and you aren’t, well, you snooze, you lose.

– your networking muscle will continue to deteriorate

If you aren’t networking because [insert any excuse here], but the underlying reason is F.E.A.R. [hey, I’m an introvert, too ... I totally empathize], not doing it will only make that gremlin grow bigger and bigger … and one excuse after another will ensure you don’t engage in networking.

Here’s what you need to decide … am I going to network or am I going to choose not to network. It is your decision. If you choose to network, begin long before you want to make a move.

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Executive Job Market Intelligence Report

Career practitioners eagerly await publication of Execunet’s Job Market Intelligence Report every year, and the 2012 edition is due out in early spring. But, Execunet has released some new trends from its 20th annual issue, and with its permission, I’m sharing that information with you as well.

Here’s what Executives said:

  1. They now anticipate spending 5.7 months on average looking for their next position
  2. They expect a 13% increase in salary when taking a new position
  3. Fifty-two percent of executives surveyed said were considering leaving their current position in the last year
  4. Only 30% of employed executives foresee their current organizations will experience high turnover in the coming year

Recruiters said:

  1. They expect a 14% increase in assignments for 2012
  2. The Top 5 industries for job growth in 2012 are:
    • Healthcare
    • Technology
    • Manufacturing
    • Business Services
    • Energy

You can find even more stats at the Execunet site.

With 52% of executives considering a change of scenery, competition is only going to increase among the best-of-the-best. And today, companies are only interested in hiring the “best-of-the-best.”

  • Do you bring a proven record of contributions?
  • Are you positioned as a “high-value” target?
  • Can you be found?
  • Do you have the Two Powerful Weapons in your arsenal that can boost your career competitiveness?

Now, while you are gainfully employed and hold the power of passive positioning, is the BEST time to begin ensuring recruiters and companies see you as the “best-of-the-best” of CFOs.

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Posted in CFO Careers, Current Affairs, Recent Statistics, Recruiters | Tagged , , , , , , | 1 Comment

When the Person and the Paper Don’t Align

A recent question on Quora asked …

I am constantly contacted by recruiters and I frequently get called for interviews, but I never land the job. What possible causes should I consider?

Does that happen to you?

I responded that who you appear to be on paper may not accurately reflect who you are in person. And that disconnect can be disastrous.

Now there can be other reasons, obviously, but at the CFO level I think it is more often inauthenticity than say, lack of preparation of the interview. So how does that disconnect happen between paper and person?

The resume is not written in your own voice

Perhaps that is the reason so many recruiters feel only YOU, the candidate, can write your own resume. And in some instances, I would agree. If you can be objective and if you are a great writer who understands how to self-market, you can and should write your own marketing documents. Often though, that isn’t the case. And forcing yourself to do something that you don’t do well – especially when it involves your career – can be devastating.

You’re probably wondering how a writer who doesn’t know you can possibly write from your own voice. And it’s a fair question. I can’t speak for others, but I can speak to my process. It is intensive, thorough, detailed, and takes effort (on both our parts). The end result is that I know you, your contributions, how you made them happen, and the challenges along the way. The depth of my process ensures that I am writing from your voice, not creating an image of a CFO who doesn’t exist.

And perhaps even more importantly, I’ve forced YOU to know those contributions, understand them, embrace them, and be able to clearly articulate them. When that happens, there is no disconnect between who you are on paper and who you are in person.

And if you aren’t getting interviews, or interviews for the level of position you deem appropriate, perhaps it is because …

The resume reeks of responsibility, not value.

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Branding * Culture Fit * and CFOs

My faithful readers know I am an evangelist for authentic branding. I always know the moment when the branding concept resonates with my CFO clients. And it’s a beautiful thing!

I also get very jazzed when I actually see or read about a person or company that “gets” the value of branding within the context of culture fit. So it was when I read the interview of Steve Stoute, Chief Executive of Translation LLC, in the NY Times.

If your organization hires for culture fit – or – if you as a future Chief Financial Officer want to land in an organization that has a culture built for your unique wiring, strengths, and interests, read the entire interview. Stoute makes some excellent points and he has some great ideas around ensuring the team is a good fit within the culture he has built.

Two salient points jumped out at me.

If you have people in your organization who touch culture, you have to reward them for bringing that into the workplace. Most companies mute their employees’ “off the court” activities. I want what you do off the court to be a part of our growing organization. It builds camaraderie inside of a company.

This is part of the value of authentic branding. You aren’t an executive when you’re in the office and someone else when you’re out of the office. The core of who you are is always a part of you, regardless of which role you might be playing (employee, boss, father, husband, friend). What you enjoy doing outside the office is a reflection of who you are in the office … at least it should be, because you are a WHOLE person all the time.

In a conversation around branding yesterday, I was reminded of my friend Jack McCullough. He may be one of the top 5 most authentically-branded people I’ve ever met. His gift of “helping others” is core to who he is, and he would give the shirt off his back to help anyone, any time.

He doesn’t turn that unique giftedness / hardwiring off when he walks in the door of his office in the morning and then turn it back on when he leaves. Jack is ready, willing, able, and enthusiastic about helping others wherever he is. He lives and breathes his personal brand. That is a hugely valuable asset to his company … just ask anyone who knows him.

When Stoute was asked how he hires … if he were interviewing [the interviewer], what questions would he ask. Stoute replied,

I would ask you a lot of questions that have nothing to do with your job. For example, what are your values? If you could do it all over again, what’s the one thing that you would do differently? Is what you’re doing the thing that you’re most passionate about? Why aren’t you doing what you’re most passionate about?

Stoute gets it. Who you are, how you’re wired, what your value system is, what you’re most passionate about … all speak to the whole of who you are, how you will fit with the corporate culture, and how you will benefit the organization.

Authentic branding is powerful stuff.

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Whose Responsibility Is It?

I posed this question in a previous post

Who is responsible for ensuring that recruiters can make an assessment based on a crystal clear value proposition and fit for culture?

Based on the recent post at CFO.com on Linsanity, I’d like to rephrase my question …

Who is responsible for ensuring that a CFO candidate has a crystal clear value proposition and that fit-for-culture is evident in his messaging?

My first question originated because in a survey about recruiters, many CFOs complained that they were not getting calls for opportunities that were on par with their skill sets. My question is re-worded because the writer of the Linsanity article points out that companies seem to have tunnel vision when hiring … taking on the “I want it (the candidate requirements) my way or the highway” approach.

While I agree that is true for many companies, I still go back to my rephrased question and offer this analogy. If you are reading a book and the writer is all over the map, the message is muddy or confusing, or the plot is enigmatic … is it the fault of the writer or the reader? Do you continue to muddle through the story, totally frustrated, or close the book and move on to something that is clear and compelling?

If you want to sit in the driver’s seat of your career, then it is incumbent upon you – as the candidate – to have a clear and compelling message that is delivered clearly to the right audience.

I’m working on an article that delves deeper into the powerful strategy of telling the right story to the right audience. It will be available on the C-Suite Career Catalysts site in the next week. Watch for it!

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CFO * CPA * MBA

I doubt the controversy around whether CFOs “need” a CPA or an MBA is going to die down anytime soon. There are lots of opinions … just ask 10 different people.

If you’re the candidate without a CPA, you probably feel one isn’t necessary. Same for an MBA. Just read some of the comments on the Proformative discussions around this issue.

From a company perspective, a credentialed CFO is a matter of preference … and that preference really is not impacted by what a candidate believes to be true. That fact adds up to a lot of frustration on the part of CFOs who feel they are qualified to do the job despite lacking the required credential.

Apparently, recruiters, who are hired by a company to find candidates who meet a list of specific requirements., also hold differing opinions. Another post on Proformative around this same issue generated this comment from one of the members …

FEI SF recently had retained recruiters from Russell Reynolds and Spencer Stuart spark on what employers are looking for today in a CFO. Financial planning was the top skill being sought as companies need to look forward and develop scenarios in these uncertain times. CPA is not needed and in fact Controller skills are less sought after in this post SOX implementation era. Experience is most important vs degrees.

But, a post this week on CFO.com which talks about who CFOs are hiring said this …

But there is clearly a growing preference for those with broader business training. More than 2.5 times as many survey respondents (16%) have added people with MBA degrees than subtracted them (6%).

Specifically, companies need finance people who not only bring analytical skills but also influencing skills. They also require staffers with the ability to work across functions and, most important, the confidence to be credible business advisers, says Jeff Thomson, president and CEO of the Institute of Management Accountants.

The most desirable finance staffer, says Donald Kilinski, CFO practice leader at recruiting firm DHR International, is a CPA who then gets an MBA. Such a person may be more able to advise on strategic matters, such as what projects should be funded, whether something should be acquired, built, or bought, and whether products or services should be eliminated.

So there you have it. Everyone’s got an opinion. Here’s mine:

Know your value.
Know who needs what you bring to the table.
Play in that space.

If you don’t have a CPA and have no desire to get one, that’s fine. Focus on the companies who desire the proven ability to solve their problems over credentials. Same for the MBA.

One final comment. While I see the same MBA trend noted above, MBAs have become somewhat of a commodity … unless they are from a top-rated school. So, don’t buy one just to get one. Get one to add overall value to your proven track record of performance.

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Posted in Branding, Career Information, CFO Careers, Coaching Tips, Current Affairs, Recruiters | Tagged , , , , , , , | 5 Comments