Reuters

CFOs and Finance Execs Recruiters Really, Really Want

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Are you one? Are you sure?

–Do you bring a record of contributions?

–Have you led initiatives that positively impacted the bottom line?

–Is your value proposition compelling enough that a company will pay to bring you on board?

–Has the company moved forward under your leadership?

–Do you hold a seat at the executive table?

Great! Now, do the people who need to know about you, actually know about you?

I recently wrote a post about how stiff job search competition is shaping up to be next year. In a recent Reuters article on Wall Street talent, James Dunne, the senior managing principal at investment bank Sandler O’Neil, said this …

Really, really good people are always hard to get. There will be a few more opportunities, but for the most part, I would say 7.5 or eight of those 10 people at those places we don’t want in the first place.”

Dunne may have been talking about specifically Wall Street talent, but that sentiment extends well beyond Wall Street well into Corporate America. Despite the great talent now actively looking for positions, great may not be good enough. The job search is tough and all indications point to it getting even tougher.

So here’s my next question …

–Are you a coveted “passive candidate?”

In previous posts, I’ve also talked about my recruiter contacts telling me they have been told by their company clients that they are not paid to present candidates found in job boards. Here’s an excerpt from a recent ERE blog post …

They [the company] will now not accept any candidate as a referral from me if they do a search after I submit my candidate and find this candidate in a career builder or monster database.

Is your resume plastered all over the job boards? If so, it could be hurting you much more than it is helping you!

Ask yourself this … “what do I need to do to be one of those 1 or 2 people a company DOES want? If you don’t know, maybe we should talk!

 

Over-promoted and Over His Head

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How would you like that headline to appear in the #1 slot in a Google search of your name? While this is a fictionalized story of a CFO turned CEO, could you find yourself the “victim” of digital dirt?

And here’s another potential career killer headline in Reuters … “Boston Provident fires CFO Levy for alleged theft.” Or this one, “Ex-Petters Co. CFO ‘Lied for a Living’.”

I know, I know. I can hear you now. Those are a big deal and I would never appear in such a headline. Thankfully, that is true for the majority of people. But what about the small stuff? Comments taken out of context in a conversation with a reporter, a statement you made on a controversial position in a Board meeting, an adversarial comment you left on a blog … again, used out of context, or an irritated comment you left on a public forum. 

If you aren’t checking your online identity, how do you know what’s being said about you? In today’s social media world, you are who Google says you are. 

The most recent stats I’ve heard were from an ERE personal branding seminar last week … 77% of executive recruiters use search engines to research applicants and 59% of hiring managers are influenced by your online identity. On an initial Google search by recruiters, could you be confused with someone with an unsavory reputation? What if one of these CFOs happens to share your name … do you also get to carry his baggage?

Testament to how critical a digital footprint is to one’s career is the article in the Wall Street Journal … “More Job Seekers Scramble to Erase Their Criminal Past.” Again, you might not have a criminal past but someone who shares your name may. And as the article states, digital dirt is nearly impossible to eradicate. That also applies to the “small stuff.”

The Inmates Are in Charge of the Asylum

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Matt Bud made this statement in one of his recent FENG newsletters. For job search candidates, it must certainly feel that way. Here you are, talented, capable, certainly qualified to do the job … and yet, you hear nothing. In fact, the silence is deafening! Ever notice how few people return calls even when they say they will? You never do that, right?

Back to the asylum. It’s a new era; one which is defined by A-players who have a compelling and visible marketable value proposition (MVP) and WHO ARE EMPLOYED. 

Just today, this article crossed Reuters: “U.S. banks play catch-up on hiring effort.” Great news, right? Until you get to page 2 where it says this:

There is also a bias toward hiring people from other banks that survived the crisis rather than hiring those who lost jobs in the last two years, even if that means matching stock payouts or offering guaranteed bonuses, headhunters say.

The old adage “it’s easier to find a job when you have a job” is still true. Add to that the fact that you have the most power when you are employed. You are more desirable maybe for no other reason than that you are on the inside looking out! More desirable often equates to more dollars.

While we KNOW that CFOs who are unemployed may be just as qualified as an employed CFO, the inmates ARE still in charge and the rules aren’t going to change anytime soon.