Many high-level, successful executives find that looking for new positions is
the hardest job they've tackled in their long careers.
It can be so tough on their egos, in fact, that some give up entirely if
their initial efforts are unsuccessful.
Career counselors say that discouraged executives may not realize that
the best way for them to find new positions isn't like the methods used
by other job hunters. This means they need to conduct their job searches
differently as well.
"Executives don't look for jobs in the traditional way," says Carrie Straub,
a career consultant and coach with Resources for Success in Portland, Ore. "It's
going to be through their connections. The public job market is rarely the
avenue for them."
Whether you're job hunting due to a layoff or are unhappy where you are and
want a change, it's important to understand what's holding you back. Here are
typical issues causing executives to stall in their job searches and ways to
address them:
One of the biggest problems that thwarts executive job hunters is not knowing
what type of work they'd prefer to do. They may be dissatisfied in their current
roles but don't want to research a field that would interest them more because
it would mean taking a step down. Or, they may be so well paid they can't leave
without jeopardizing their standard of living or marriages, says John Hall,
founder and counselor with Hall Career Services in Irvine, Calif.
He recounts the example of a client who wants to leave the family's
commercial real-estate firm where he's worked for the past 12 years. However,
the executive earns well over six figures and will have difficulty breaking into
a field that will pay him as much initially, says Mr. Hall.
"That will be the hardest part of all," says the career coach. "It's very
difficult, if not impossible, to reproduce your current income in a new field."
Over time, though, executives who are willing to accept less pay to gain
experience in a new field can match or surpass their prior incomes. A nuclear
engineer who wanted to go into energy marketing earned an M.B.A., but to break
into the field had to take a marketing job that paid $50,000 annually --
$100,000 less than he had been earning. A decade later, he's now vice president
of marketing for a training firm and earning much more than his last salary as
an engineer, says Mr. Hall. "Unfortunately, his marriage didn't survive when he
took the hit," he adds.
If you are committed to changing careers, outline a plan to achieve this
goal. Start by investigating new fields through informational interviews. You
also might take some assessment tests to see what interests you and then
determine how to transfer your skills and abilities to the new field. Create a
five-year timeline, with measurable milestones along the way.
Fear of the unknown is a powerful impediment to executive job hunts. This
fear can take many forms. Some executives don't believe they'll find a job that
can replace what they do now, no matter how much they dislike it. They also may
believe at some deep level they aren't competent and that they're lucky to be
where they are.
In counseling sessions, many executives talk about wanting to start new
careers and the kind of training they might need to enter them. But if offered
jobs in their old fields, they quickly give up the dream.
"Most of the problems I see relate to dissatisfaction," says Mr. Hall. "Most
careers happen by accident. People go from job to job to job. Executives talk
about wanting different careers but in the end, they just take another job."
Executives who haven't looked for work in years may be frightened by media
reports about layoffs and lack of hiring due to the recession. The reality is
that new jobs are still being created, particularly at small companies, but it
takes more time to find them, says Marky Stein, a San Jose, Calif., author of
"Fearless Interviewing" (McGraw-Hill, 2003).
"They are fumbling because of terror that they won't find a job at their
level in this economy," says Ms. Stein, "but I see people from when they're laid
off to when they're employed, and the only variable that's changed is time."
Ms. Straub had been helping a high-level executive map out what he wanted to
do later in his career when he abruptly lost his job. During the three months
since, the executive has been reluctant to look at other options because he
believes what happened to him was unjust. "He's still stuck in the 'shoulds' and
is clinging to his former status," she says. "He could do many things, but this
is keeping him from looking at what he's good at and who will buy it."
Granted, the nation's unemployment rate has held steady at 5.6% in recent
months, and the unemployment rate for professionals and managers was 2.9% in
June,
according to the BLS.
Yet a poor hiring environment doesn't hurt unemployed executives uniformly.
Those who are resourceful, flexible and confident can find work in any labor
market, says Russ Jones, a principal of First Transitions, an outplacement and
coaching firm in Oak Brook, Ill. It just may take them a bit longer in a down
market, he says.
"Candidates who have positive attitudes, good presentation skills and track
records of achievement will do better than those who lack these attributes,"
says Mr. Jones. "They also don't pay attention to negative statistics, rumors
and hearsay."
Reluctance to network wholeheartedly -- calling every contact who might be
helpful and every person subsequently suggested by these contacts -- is the
biggest problem career counselors face when working with executive clients.
Executives find networking distasteful because they think of it as asking for
favors or jobs. Their mistakes include not calling enough people, not calling
the right people, not knowing what to say when talking with contacts and not
following up.
"An executive will ask his friends, 'Do you know of any jobs?' and then
stop," says Fred Coon, Phoenix-based author of "Ready, Aim, Hired: Survival
Tactics for Job and Career Transition" (GAFF Publishing, 2003). "They don't know
how to network properly or manage their networks properly."
Ms. Stein says when she asks groups of job hunters if they're networking,
everyone raises their hand. But when asked if their networking has been helpful,
none raise hands. The reason is that they're networking only with other
unemployed people, she says. One good way to meet employers and get interviews
is through making cold calls, Ms. Stein says. "It's a recession-proof strategy,"
she adds.
Ms. Straub notes that the high-level executive who lost his job has been
networking - but only on a social level with acquaintances who associate him
with his former position. He's not talking with people who could help him find
new opportunities to use his management or industry skills.
To get more out of networking, expand your list to include a wide range of
contacts. You also must learn to discuss your situation with contacts in a way
that makes you seem confident and curious and not like a supplicant, says Mr.
Jones. "Don't just say, 'I'm calling to network,' " he says. "It shouldn't be
the contact's job to figure out how to help you."
Develop a statement that quickly describes why you're calling and what you
want. For instance:
"Frank, thanks for giving me this time. I have been happy with XYZ company,
but I'm planning to leave. I wanted to let you know and discuss my future plans
with you. Right now, it's important for me to find an organization that's
aligned with my strengths."
"Stan, refresh me. What are you looking for?"
"There are several directions I'm thinking about, so right now, my full-time
job is to figure that out by talking with people like you. Is there a time when
I could meet with you next week to discuss this?"
Even if the company isn't hiring, informal meetings are good ways to learn
about new business developments. With no pressure on them to hire you, contacts
will be inclined to suggest new avenues or people you can meet with.
Other solutions include volunteering to help a nonprofit in your area of
expertise or a professional association. Working with a nonprofit is a good way
for technology-industry executives to gain credibility with firms in established
industries and vice versa, says Ms. Straub.
"People who became executives by working in the technology industry often
aren't viewed as having long-term staying power," she says. "Their problem is
building credibility, so I urge them to work for a nonprofit or gain visibility
in an association."