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2018 July Career Management:
“HR: Working With, Through, and Around During Your Job Search”  

Larry Stybel, a licensed doctoral level psychologist and a national expert on leadership, moderated a distinguished panel of senior-level HR professionals. The panel included Al Barese, Lanning Levine and Susan McCuaig.  The session was highly interactive with group exercises and much Q&A. Larry kicked off the discussion by reminding the audience that the program was particularly relevant on three levels; while in transition job seekers must interact with HR, HR may report to them in the new job and Finance works closely with HR in most organizations.

Key takeaways:

Develop a Relationship

HR’s role in filling positions is overwhelmingly one of “deselection” – to reduce the pile of resumes to a very small size. They are likely to focus on what skills are lacking rather than find reasons to advance you to the next stage. Accordingly, the panel uniformly agreed that it is most important to develop a relationship with the HR contact. In cases for which the HR person is at a junior level (and may not fully understand the job requirement), it is very important research the organization thoroughly to “educate” or “mentor” them. This could earn you some points and potentially offset points lost for not being able to “check all of the skills boxes.”

 

Identify an Advocate

Develop relationships with recruiters (during and between job searches) so that they can learn enough about you to advocate on your behalf when needed. In addition, try to network into the organization to find someone that can be your advocate from within. This needs to be done thoughtfully and tactfully with a view to avoiding the appearance that you are disrespecting HR. One suggestion is to disclose your relationship with the advocate to HR in advance. The relationship with the internal advocate should be more to develop a dialogue (“soft sell”) than to pressure them to endorse you.

 

Take Control of the Narrative

Consider the universe of potential objections to your candidacy such as too many job changes, lack of industry experience, questions around why you left your last position, etc. Be prepared to address each objection in a pro-active manner such as “I left a large, stable organization to apply my experience in an early stage situation with potential upside - fully aware of the risks.

 

The next Career Management event is on Wednesday, September 5 “How to Stay Positive During Your Job Search” featuring Susan Peppercorn, Executive Transition Coach, Positive Workplace Partner. We hope to see you there.   

 


2018 JUNE CAREER MANAGEMENT:

“Consulting as a Career”


Larry Kramer, managing partner of Foundation Management Associates moderated a panel of highly experienced and successful CFO consultants. The panel consisted of Joe Impellizeri (Richwood Associates), Janice O’Reilly (AAFCPA’s), Chris Thomajan (TechCXO) ad Randy Walther (B2B CFO).

The focus of the discussion was in the following areas: How and why each of them made the decision to pursue consulting, market/niche focus, managing personal bandwidth, pricing model and critical success factors. As the panel addressed each of these areas, it became clear that the definition of “CFO Consultant” is quite broad and can include part-time CFO, project manager, business transition expert, trusted advisor and much more. The panelists also stressed that an entrepreneurial mindset and the ability to juggle multiple projects and deliverables are strong predictors of job satisfaction.

While each of the panelists had specific reasons for entering this field, the general themes included financial risk mitigation (diversified portfolio of clients), opportunity to rapidly impact the performance of an organization and intellectual challenge from working in various environments.

Each of the panelists works in multiple industries and brings expertise developed over a long career in multiple organizations. In some cases, their experience was gained within various functional areas (finance, operations, engineering, international). In terms of company size, the target market of the panelists ranged from start-up to $50 -$100 million in revenue.  While some deep subject matter expertise is desirable, it was agreed that their ability to go “a mile wide and an inch deep” was a useful skill and in high demand by clients.

With respect to managing their workloads, the ability to service multiple clients effectively is a function of the scope of each assignment and the availability of other resources (such as employees or subcontractors) to perform some of the required work. Personal preference is also a factor. Some consultants prefer fewer clients that afford deeper engagement with their organization.

In terms of a pricing model, fixed pricing can work but the panelists seemed to generally prefer hourly billing. Under hourly structures, there may be opportunities to flex rates based upon the number of hours per assignment and whether the work is recurring. In some cases, discounted pricing may be offered to “get in the door.” In startup and/or other situations equity compensation may be possible. In certain situations, there may be an opportunity to earn success fees.

Critical Success Factors

·         Provide perceived and measurable value.

·         Ability to have honest, open discussions with clients.

·         Comfortable in a consultative sales role.

·         Strong interpersonal skills.

·         Able to juggle multiple clients.

·         Demonstrate that you can fix the client’s problem. 

 

2018 MAY CAREER MANAGEMENT:


Incoming Career Management Committee Chair Dave Stuer called the May meeting to order, welcoming all attendees and sharing news of upcoming events in the FEI calendar.

 

Dave had the pleasure of introducing our guest speaker and fellow committee member Larry Stybel, a national expert on leadership who discussed " Managing the Journey from Head of Finance to the CEO’s Valued Business Advisor."

 

Drawing from his real-world experience in retained search, leadership succession/development, and leadership outplacement, Larry shared advice on how CFOs can and should enhance their influence and exposure by not “staying in your lane” and being conscious of how your CEO perceives your value as he/she rates you on the following:

 

·        What “first impressions” did you leave?

·        How open are you to new ideas?

·        What is your physical proximity in the office?  If you’re not close, you miss out on valuable informal exchanges.

·        Is the CFO typical (stay in your lane) or atypical (navigate outside your lane)?

·        Blurred (functional) Boundaries: Are you comfortable “wearing different hats” (multiple functions), or do you spend most of your time with “the core (finance)?’

 

After a Q&A with Larry, the attendees took advantage of some time for open networking.



2018 APRIL CAREER SERVICES:


Kristy Gonsalves, Associate Director of FEI sponsor The Siegfried Group, led an interactive discussion on how a “Transformative Mindset” can lead to expanded individual leadership capabilities and accelerate personal and professional growth.

 

In building the case, Kristy developed the following concepts:

 

·         Fixed vs. Growth Mindset

·         Mindset Continuum

·         Defining and Developing Grit

 

Fixed vs. Growth Mindset – Many view intelligence and abilities as fixed.  Others believe that these abilities can be developed (“growth mindset.”)  Research completed by Dr. Carol Dweck of Stanford University and others demonstrates that those with a growth mindset achieve at a higher level over time than those with a fixed mindset. Characteristics of persons with a growth mindset are that they embrace challenges, believe that intelligence and talent can be developed and see failure as a learning opportunity.

 

Mindset Continuum – Kristy described individuals’ mindset continuum as consisting of four elements; failure (feel sorry for themselves), frustration (don’t know how to help themselves), conventional success (don’t know there is anything better) and transformative (always making themselves better). She also indicated that all of us are operating at 100% of our capacity based on our current mindset.  Shifting our mindset allows us to learn, grow and achieve break-throughs.

 

Grit – defined partly as courage, backbone, strength of will, determination, tenacity, perseverance, endurance. Kristy provided an exercise to measure each attendee’s level of grit and provided a roadmap for developing it. The roadmap touched on practice (learning from feedback), purpose (an area of interest), hope (embracing failure as a learning opportunity) and time - to devote yourself to practice, purpose and hope. Grit can be a key ingredient in developing the growth mindset.

 

The following are links to the excellent videos included in Kristy’s presentation.

 

The Power of Belief - Mindset and Success - Eduardo Briceno

https://goo.gl/i5S2Yt

 

Grit: The Power of Passion and Perseverance - Angela Lee Duckworth

https://goo.gl/5DMjbo

 

 

2018 MARCH CAREER SERVICES:


Franchise Opportunities as an Career Alternative

Eric Schechterman presented Franchising 101 to about 30 attendees at the FEI Career Services meeting tonight.  Eric also brought two of his clients, Ben Marshall and Kevin Martin, two franchisees.  Joe Frank of the Committee hosted.

 

Eric has a very comprehensive presentation that speaks to:

·        Why Business Ownership?

·        Franchise Myths

·        Risks and Rewards

·        How to Simplify Your Search

 

Some of the myths explored by Eric included:

·        How many franchise concepts registered in the USA: 3100

·        That franchises are expensive: half have an entrance fee of <$250K; Eric explained an approach to funding that is Equity 25%; Debt, e.g SBA loans, 75%. Rates are prime +2.75%

·        Financing can be accomplished using retirement funds

 

Another topic was how FranNet works with future franchisees

·        Works with franchises that require investment of <$250K

·        Has franchise assessment tools

·        Works hard to match the brand to the buyer

 

Lastly, we heard from Ben and Kevin who were very open about their experiences.  You can learn more about FranNet at: frannetboston.com.

 

Here is a link to our next program at 5:30 pm on Tuesday, April 3, 2018 “Mindset for Career Success” presented by Stephanie Scoleri and Kristy Gonsalves from FEI sponsor Siegfried Group.

http://www.feiboston.org/events/EventDetails.aspx?id=960131&group


2018 FEBRUARY CAREER SERVICES:


Recruiting Panel

Career Services’ was pleased to present the annual Recruiting Panel event on Tuesday night. Larry Kramer, Managing Partner of Foundation Management Associates, LLC moderated the panel, which included Brian Bednarek (Addison Group), John Bresnahan (Robert Half Finance & Accounting), Brian Greene (Fenway Consulting/Search Group) and Richard Pooley (Heidrick & Struggles).

The discussion focused on the general themes of the current market, job search tactics, compensation and developing a relationship with recruiters.

Market - The job market in 2018 remains “Buoyant” across a wide range of industry sectors, with high demand for those offering strong technical skills, particularly as relates to GAAP and SEC reporting requirements.

Tactics - The Recruiters stressed the importance of presenting yourself to align as closely as possible with the specific job requirements, particularly when completing any online applications.  As in the past, Clients have high expectations that the Recruiter will provide candidates that closely match the job specification, including prior industry experience in many cases.  For situations in which candidates are looking to “switch” industries, Recruiters may be facing an uphill battle.  In these cases, candidates should develop their pitch to emphasize the similarities between the functional elements of a prior job and those of the target position.

Compensation – Changes are coming which limit the ability of the Recruiter and Employer to ask about your compensation history.  The compensation process will change, and you are likely to be asked what you are seeking earlier in the process.  When you are asked: be prepared to provide a range.  Additionally, the Recruiters advise looking at the total compensation package (base, bonus, benefits, equity, PTO) when evaluating an offer.

Quick Tips

1)     Take the recruiter’s call when they reach out.  If you help them, they will naturally be inclined to help you.   “Good people know good people.”

2)     If you are interested in changing

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