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  • Executive Insider




    Executive Insider is a biweekly newsletter designed to help you succeed with Job Search, Career Advancement and Self Development

    Issue Dated: June 30, 2008

    A. Letter from the Editor


    Cinderella, a mud-shy piglet, was shod with four galoshes so she could overcome her fear and carry out her daily piggy responsibilities of wallowing and rolling. Cinders' owners were initially perplexed by the pig's reluctance to act like a pig, but keen observation eventually led them to realize she was afflicted with mysophobia — fear of dirt. The solution was to outfit her with a set of boots, get them on her and convince her to trot in the muck with her siblings.

    The story illustrates the compassion shown to Cinders by her sausage-making owners, and there are also parallels to how to help others achieve their best.

    Not to equate staff with swine, but a boots-wearing pig can serve as a reminder to pay attention, provide resources and coach others. Just as Cinderella couldn't communicate her mud-phobia, workers are typically reticent about vocalizing their need for help. Noticing a colleague's struggle before it reaches elevated proportions can often mean the difference between success and failure.

    Once there is recognition, assess which resources are needed to move toward a solution. Will additional training, staffing, technology — or boots — help achieve the goal? Identify and then coach through the problem-solving or implementation process. The situation will be rectified; the colleague will have strengthened some individual characteristics; and rather than form resentments or miss deadlines, the team will coalesce through the coaching experience.

    Robyn Greenspan

    Robyn Greenspan
    Editor-in-Chief
    ExecuNet
    Robyn.Greenspan@execunet.com
    295 Westport Avenue
    Norwalk, CT 06851
    800.637.3126

    Thought for the Week

    The Internet is like alcohol in some sense. It accentuates what you would do anyway. If you want to be a loner, you can be more alone. If you want to connect, it makes it easier to connect.

    Esther Dyson






    B. MIS/IT and Sales Executives Among the Least Satisfied at Work


    While executive job satisfaction levels are on the rise as companies strive to minimize the costs of voluntary turnover, a recent survey conducted by ExecuNet reveals not all members of the C-Suite share the same level of professional fulfillment.

    According to the survey of 1,597 employed executives with an average annual salary of more than $206,000, 61 percent report they are satisfied or very satisfied with their current job, up significantly from 52 percent one year ago. Among the 39 percent of corporate leaders not happy at work, boredom and a lack of advancement are the most frequently cited sources.

    "The increase in job satisfaction among corporate leaders is particularly striking when you take into consideration the demands and challenges executives have faced during the past twelve months," said Dave Opton, CEO and founder of ExecuNet. "Clearly, sustained job growth at the top of the employment market has many companies rethinking their approach to executive retention."

    While more executives are happier with their job, the survey revealed that satisfaction levels vary considerably across professions:

    Profession Percentage of Executives Satisfied With Current Job
    CFO/Comptroller 68%
    HR 65%
    Marketing 63%
    General Management 61%
    Sales 54%
    MIS/IT 53%
    Source: ExecuNet 2008

    Across all functions, the top reasons executives are dissatisfied with their current jobs include:

    1. Limited advancement opportunities
    2. Lack of challenge/personal growth
    3. Compensation
    4. Stress level
    4. (tied) Job security
    "While stress and job security concerns are mounting, boredom and a shortage of opportunities for advancement remain key drivers of voluntary executive turnover," stated Mark Anderson, president of ExecuNet. "Given the current outlook for the executive employment market, companies capable of keeping their leaders engaged will be well-positioned for sustained growth."






    C. 2008 Chief Executive of the Year


    If Xerox could duplicate leadership like they do images, they need look no further than their current CEO, Anne Mulcahy, who was selected by her peers for Chief Executive magazine's annual honor.

    Called "The Accidental CEO" by FORTUNE, Mulcahy rose up in the Xerox ranks through first the sales and then the human resources functions to shepherd the company toward an expected $18 billion in annual revenue in 2008. Once deeply in debt and under the shadow of a suspected accounting scandal, Mulcahy credits a strong team, increased R&D spending and improved customer relations for Xerox's march toward brand fortification and profit.

    "We needed customer relationships that were more value-oriented than transaction-oriented," says Mulcahy. "By 2005, when customers recognized that we were building relationships, our story in their eyes started to change and that clearly was an important milestone for us, because we knew we could sustain the future."






    D. The Brazen Careerist


    If your college-age kids' attitudes and the work habits of your younger employees seem foreign, you're not alone. Generation Y is moving up in the professional world; and they are bringing a new set of ideals, values, tech tools and perspectives that may upset the status quo.

    Penelope Trunk, author, blogger and Boston Globe columnist, shares her insight on the generational differences shaping the workspace on
    The Brazen Careerist. But be forewarned that you never know what to expect on Trunk's blog: part career advice, part entrepreneurialism, part marketing, part techy, and many times personal, controversial and opinionated, she writes as if the filter is off and seemingly without regard to the reactions in the comments section. I heard her speak at ERE Expo (Electronic Recruiting Exchange) in San Diego earlier this year, and found that her strong commentary was not limited to her persona behind the keyboard.

    If there are 20-somethings in your office or in your life, Trunk's 10 Reasons Why Generation Y's Conservatism is Mistaken for Craziness might help you cope:
    1. More than 60 percent of Generation Y go back home to their parents after college. If they go home with their parents and give themselves a buffer, the more likely they will find a job that is suitable for them. They are willing to trade freedom for a great job.

    2. Those between the ages 18 and 32 change jobs every 18 months. Job hopping makes them more engaged, because they are always trying something new. It keeps the learning curve high, increases their skill set and grows their network.

    3. They have no loyalty to a company, but they have a lot of loyalty to the project they are on. If you are a good manager, they will be loyal to you.

    4. They ignore school. They think getting good grades doesn't help them and good grades are not relevant to school. They may not be reading great literature, but 80 percent are getting good internships.

    5. Entrepreneurship is a safety net for them. If they hate their job, they think they can start a company in their parent's basement.

    6. They won't take entry-level work. Don't have them do stupid, meaningless work to climb the ladder, because there are no ladders anymore. There's no reason to pay your dues if you are job hopping.

    7. They want to leave work early a lot and use family as a justification. They will ask you, "Don't you think family is more important than work?" Workplaces talk about family being important; but if the company doesn't support their family needs, Generation Y thinks work is lying to them.

    8. They demand non-hierarchical structures, and they think everyone is a team. Everyone plays on the soccer team, even if they don't play well. They think anyone should hear their ideas — even the CEO.

    9. Generation Y demands constant feedback. They want to be told they are doing well and not doing well in a delicate way. They want everyone to know that they are great. They want mentors and to be helped and that can only happen with feedback.

    10. Baby Boomers stage a protest and sign petitions when they don't like something, but Gen Y is conservative. They don't protest, they just leave. Be honest with them, and they will tell you what they need and what engages them. They put everything on the table and expect you to do the same.






    E. Fnding the Job You Want When You are Over 50


    Your age is one of your most powerful advantages in your job search... if you have the right attitude and strategy to overcome the subtle and not-so-subtle age bias that exists in every interview.

    Now you can take advantage of one of America's leading professional career coaches, Jean Erickson Walker, as she shares with you her very practical and expert advice on landing that great job you really want... at any age. You'll quickly discover how to position yourself as THE BEST and MOST QUALIFIED candidate for the job you want. Now you'll know what to do to:
    • Change Age Perceptions with 8 Hiring Advantages of the 50+ Candidate
    • Analyze Your Communication Style and Improve First Impressions
    • Prepare for a Fresh Start No Matter How Long You've Been Looking
    • Compete Against Younger Candidates
    • Answer Those Tough Age-Bias Interview Questions
    • Take Control of the Process and Feel Good About it All
    Jean Erickson Walker, EdD, is a professional effectiveness coach, career counselor and management consultant. She is the author of The Age Advantage: Making the Most of Your Midlife Career Transition [Putnam/Penguin, 2000]. She has been selected for international certification as a Career Management Fellow (CMF) by the International Association of Career Management Professionals (IACMP) and the Association of Career Management Firms International (ACMFI). She also is facilitator of the Portland/Vancouver ExecuNet networking focus meetings for Oregon and southwestern Washington.

    Finding the Job You Want When You are Over 50
    Presented by Jean Erickson Walker on Thursday, July 24, 2008, 3:00 to 4:30 PM ET






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