Wednesday, October 31, 2007

Can Entrepreneurship Be Taught?

Can Entrepreneurship Be Taught?

To find out, businessman and academic Richard Goossen rounded up a group of experts

Richard Goossen wears many hats. Over the past 20 years, Goossen, a lawyer, businessman, and academic, has founded startups, acted as strategic adviser to high-growth companies, written three books, and spoken extensively on the subject of entrepreneurship. Now the CEO of M&A Capital Corp. and a professor of entrepreneurship at Trinity Western University in Vancouver, B.C., Goossen recently decided to tackle the question:Can entrepreneurship be taught? (Businessweek.com, 10/30/06)

"If I go into any social setting, people always wonder how can you teach entrepreneurship," says Goossen. So he decided to explore the topic further. He rounded up a group of entrepreneurship experts ranging from Peter Drucker (Businessweek.com, 11/28/05) to Rita Gunther McGrath to Karl Vesper. He culled their insights, broke them down, and published the results in his most recent book, Entrepreneurial Excellence: Profit From the Best Ideas of the Experts (Career Press; 2007). "My motivation was to talk to the top researchers and instructors in the world who teach something that a lot of people think can't be taught," he says.

Goossen came to the conclusion that while there are several elements that can be taught to enhance the knowledge and success of entrepreneurs, entrepreneurship is something one can learn only by doing. "With law or accounting,you can teach a set of principles that a student can master to become a competent practitioner," he says. "But teaching entrepreneurship is tough. In a class it's hard to predict who will do well and who will not."

As a result of his research, Goossen has come up with three entrepreneurial elements that can be taught. The first is general business knowledge—what he calls "the nuts and bolts of management principles and strategic thinking." Next, there are general entrepreneurial principles. "You can lean from what other people have done and where they made mistakes," he says. Finally, he says one can learn to be alert to opportunities in certain fields in a general sense.

What can't be taught, on the other hand, is what Goossen calls "venture specific opportunity principles." By that he means the ability to understand and see specific niches in a market and recognize whether it will be successful or not. "You can't teach someone how to know what will work and what won't," says Goossen. "You can't even duplicate the set of dynamics of a past success."

For a primer on ideas that can be learned from Goossen's roster of experts, flip through this slide show.

Tuesday, October 30, 2007

Consumer Confidence Plummets

The Conference Board Consumer Confidence Index Declines Again

October 30, 2007

The Conference Board Consumer Confidence Index, which has been declining since August, fell further in October. The Index now stands at 95.6 (1985=100), down from 99.5 in September. The Present Situation Index decreased to 118.8 from 121.2 in September. The Expectations Index declined to 80.1 from 85.0.

The Consumer Confidence Survey is based on a representative sample of 5,000 U.S. households. The monthly survey is conducted for The Conference Board by TNS. TNS is the world's largest custom research company. The cutoff date for October's preliminary results was October 23rd.

Says Lynn Franco, Director of The Conference Board Consumer Research Center: "Consumer Confidence posted its third monthly decline and continues to hover at two-year lows (Oct. 2005, 85.2). Further weakening in business conditions has, yet again, tempered consumers' assessment of current-day conditions and may very well be a prelude to lackluster job growth in the months ahead. In addition, consumers are growing more pessimistic about the short-term future and their rather bleak outlook suggests a less than stellar ending to this year."

Consumers' assessment of present conditions weakened further in October. Those claiming conditions are "good" decreased to 23.4 percent from 25.7 percent. However, those saying conditions are "bad" decreased to 16.3 percent from 17.8 percent. Overall, consumers were less upbeat in their appraisal of the job market. Those saying jobs are "hard to get" increased to 22.6 percent from 22.4 percent. Those claiming jobs are "plentiful" decreased to 24.1 percent from 25.6 percent in September.

Consumers' short-term expectations eroded further in October. Consumers expecting business conditions to worsen in the next six months rose to 13.8 percent from 11.9 percent. Those anticipating business conditions to improve declined to 13.7 percent from 15.7 percent.

The outlook for the labor market was also less optimistic. The percent of consumers expecting more jobs in the months ahead was virtually unchanged at 13.5 percent, while those anticipating fewer jobs increased to 20.1 percent from 18.7 percent. The proportion of consumers expecting their incomes to increase in the months ahead declined moderately to 19.6 percent from 20.0 percent.

Source: October 2007 Consumer Confidence Index
The Conference Board

College Hiring 2007

By Brent RasmussenChief Operating Officer, CareerBuilder.com

(CareerBuilder.com) -- The graduating class of 2007 can expect increased job prospects and higher starting salaries than its predecessors.
Seventy-nine percent of hiring managers say they plan to recruit recent college graduates this year, up from 70 percent in 2006, according to CareerBuilder.com's "College Hiring 2007," survey. Nearly one-in-four hiring managers expect to hire more recent college graduates in 2007 compared to last year.

New grads can also expect higher salaries. Forty-two percent of hiring managers anticipate increasing starting salaries for recent college graduates in 2007 and only four percent plan to decrease them. Thirty-six percent of hiring managers expect to offer between $30,000 and $40,000 compared to 28 percent in 2006. An additional 16 percent will offer between $40,000 and $50,000 and 12 percent will offer more than $50,000.

Academia will also play a role in job prospects for new grads. One-third of the hiring managers surveyed said they require a 3.0 and above and one-in-ten requires a 3.5 and above.
The good news is, if you didn't make the grade, you still have the opportunity to sell yourself to an employer. Follow these tips to get noticed by hiring managers:

Do your research. As you've heard numerous times, it's important to know the nuts and bolts of the company, but you should also be familiar with the culture. Will your personality clash with others in the company or will your working styles match? These are things employers consider. In fact, 25 percent of hiring managers said that a recent college graduate who is a good fit with the company culture is the most influential factor in their hiring decision.

Don't take experiences for granted. Internships look great on a recent grad's résumé. But don't forget about all of the other things you did in college, too: Student government, volunteer work, involvement in the Greek system and team sports can all be applied as real world experience, which hiring managers regard highly. In fact, 21 percent of hiring managers cite experience as the most influential factor in their decision to hire a recent college graduate. Identify things like leadership or management and highlight these activities both in your résumé and your interview.

Do show enthusiasm. Contrary to popular belief, job interviews aren't a one-way street. Preparing your own questions not only shows the interviewer that you are interested enough to do your homework but also will give you an idea if the job is something you'd even like. If that isn't enough to sway you, consider this: 21 percent of hiring managers say that asking good questions and showing enthusiasm weighs heavily on their hiring decision for recent college graduates.

If you're looking for more information on your post-grad job search and interviewing, visit CBcampus.com, a job site tailor-made for college students and alumni. Equipped with special search capabilities, CBcampus.com provides instant access to jobs matching the student's major, experience level, skills and interests. The site also provides information on local career fairs and campus events, news on leading companies and industries, and advice for everything from building compelling résumés to moving ahead in the real world.

Brent Rasmussen is COO of CareerBuilder.com. He is an expert in recruitment trends and tactics, job seeker behavior and workplace issues.

© Copyright CareerBuilder.com 2007. All rights reserved. The information contained in this article may not be published, broadcast or otherwise distributed without the prior written authority.

Tuesday, October 23, 2007

Craigslist to Add Cost for Job Postings in Four New Regions

by Gina Ruiz
www.workforce.com
October 17, 2007

The free ride is coming to an end for some HR executives who rely on the online marketplace Craigslist to hire talent. Starting November 1, the popular Web site will charge $25 for each help-wanted ad posted in the markets of Chicago; Sacramento; Portland, Oregon; and Orange County, California.

Craigslist normally doesn’t charge recruiters to post help-wanted ads, but the company adopted the fee at the urging of Web site users who wanted to enrich the quality of the online job board.

“The $25 sum is intended to be high enough to keep out irresponsible posting activity but low enough to be affordable for legitimate recruiters to do their job,” Craigslist CEO Jim Buckmaster says.

The majority of Craigslist’s revenue is derived from job posting activity, since most of its services are free. Yet the company currently charges fees in seven of the 450 regions where it operates, including New York, New Jersey, San Francisco and Washington, D.C.

The company has no plans to charge in more markets. It doesn’t intend to increase the cost either, Buckmaster says.

Monday, October 22, 2007

Using your Personal Passions to Fuel Your Sales

By Matt Kelm
Sales Trainer
CareerBuilder.com
October 22, 2007

If you just started a new job at a new company, you may find it difficult to be passionate about your new occupation, and that’s ok. The key to success in your new role, however, is that you find something that you are passionate about in your life, and find a way to use your new job to make that happen.

Make no mistake about it, the first 3 months of any new job are difficult, and you will be tested. You may not be very good at all, and you will make mistakes along the way. That is alright, so long as you learn from them, and continue to improve. However, it is passion that will propel you to the places you ultimately want to go.

When I started as an entry level salesman, I knew that the only thing that would keep pushing me forward was to use my opportunity to achieve those things that I was personally passionate about. If I could only do that, I knew that passion in my professional life would eventually come.

Personally, I am passionate about my family, my music, helping others, and my finanacial security. When I started, I wanted to purchase an engagement ring for my wife, my girlfriend at the time. I also wanted to purchase a brand new drum set, somehow help others, and pay off my credit card debt.

I used the engagement ring as my first goal. I went to the jewelry store, and I chose the ring I would be buying. I hung a picture of that ring in my cubical, so that before every call I had a visual reminder of that goal, and I knew exactly why I was picking up the phone. For every sale I didn’t make, for every potential client who said “no,” I had a reason to pick up the phone, dust myself off, and try again. That engagement ring was the proverbial carrot dangling in front of this horse.

Everyday, I dedicated my time and efforts to making sure that I had done something that put me one step closer to fulfilling my wants. Every sale I made was one dollar more toward the ring, one more dollar toward the drum set, or the debt. All of my hard work would eventually open doors to help others. I dedicated all my energy to make it happen, and slowly I was achieving the things that I wanted.

Those “wants” are what fuel your passion. Turning those wants into “haves” takes several things, most namely an incredible amount of passion. It also takes commitment and a little bit of blind faith.

Passion is having the heart, energy and desire in achieving what it is you set out to accomplish every single day.

While the phrase, “It’s not personal, it’s business,” may apply to being rejected in sales, it certainly doesn’t apply to passion. Passion is incredibly personal. Finding your passion takes looking inside yourself and finding what you can commit your energy to.

As a sales trainer, here are a few things that I am professionally passionate about. Hopefully these ideas will spark some of your own thoughts on what you can be passionate about at work.




  • Waking up to the thought of how I can improve a learning activity in class.

  • Staying up late to finish something I believe will make a difference.

  • Urging new hires to reach for their full potential and accepting nothing less.

  • Bringing a new idea to the training landscape to push the boundaries of learning.

  • Sitting next to a new hire and watching them “get it” for the first time.

  • Standing in front of a class for the first time and sharing the amazing opportunity they have before them.

  • Staying late and explaining a concept to someone until they truly understand it.

  • Receiving an email about a first sale that makes me smile.


Spending some serious time deciding what you can commit you heart, energy and desire to will allow you to become a far more productive employee and lead a much more fulfilling life. Remember, you can always learn something new or be better at your job, but no one can ever question your passion.

Best Cities for Job Growth

Best Cities for Job Growth

By Mary Lorenz, CareerBuilder.com writer


Florida isn't just for vacationers and retirees anymore. It seems the Sunshine State is also a hub for employers and businesses eager to expand and hire more workers.

Forbes.com recently released its annual list of the 200 Best Places for Businesses and Careers, and, among those places, five Florida cities ranked in the top 10 for U.S. cities with the highest job growth. Cape Coral, Fla. held the top spot for cities with the highest job growth. Las Vegas, Nev. ranked second, followed by Naples, Fla. and Sarasota, Fla. McAllen, Tex. rounded out the top five.

If you need a change of scenery and are thinking about relocating in the next few years, consider one of the following 10 cities, which are projected to have the highest job growth this year, as reported by Forbes.com and based on five-year projections from Economy.com.

Cape Coral, Fla.
Population: 562,000

Most popular jobs and average local salary*:
Registered nurses -- $44,561
Wholesale and manufacturing sales representatives -- $48,772
Accountants and auditors -- $41,609

Jobs more common to Cape Coral than other U.S. cities and average local salary:
Helpers/roofers -- $19,634
Athletes and sports competitors -- $15,496
Construction managers -- $55,752

Las Vegas, Nev.
Population: 1,777,000

Most popular jobs and average local salary:
Elementary school teachers -- $29,318
Registered nurses -- $51,869
Wholesale and manufacturing sales representatives -- $49,474

Jobs more common to Las Vegas than other U.S. cities and average local salary:
Gaming supervisors -- $22,624
Gaming change persons and booth cashiers -- $23,016
Gaming service workers -- $12,879

Naples, Fla.
Population: 317,000

Most popular jobs and average local salary:
Registered nurses -- $47,015
Wholesale and manufacturing sales representatives -- $52,641
Accountants and auditors -- $41,363

Jobs more common to Naples than other U.S. cities and average local salary:
Construction managers -- $67,005
Helpers -- painters, plasterers, paperhangers and stucco masons -- $19,753
Tile and marble setters -- $30,447

Sarasota, Fla.
Population: 689,000

Most popular jobs and average local salary:
Registered nurses -- $43,211
Wholesale and manufacturing sales representatives -- $48,643
Accountants and auditors -- $39,408

Jobs more common to Sarasota than other U.S. cities and average local salary:
Fence erectors -- $24,917
Financial managers -- $75,189
Motorboat mechanics -- $27,961

McAllen, Tex.
Population: 697,000

Most popular jobs and average local salary:
Elementary school teachers -- $36,246
Registered nurses -- $47,115
Secondary school teachers -- $39,915

Jobs more common to McAllen than other U.S. cities and average local salary:
Personal and home care aids -- $16,142
Oil, gas and mining service unit operators -- $29,877
Agricultural products graders and sorters -- $12,472

Port St. Lucie, Fla.
Population: 391,000

Most popular jobs and average local salary:
Registered nurses -- $46,074
Wholesale and manufacturing sales representatives -- $39,025
Accountants and auditors -- $43,736

Jobs more common to Port St. Lucie than other U.S. cities and average local salary:
Helpers -- painters, paperhangers, plasterers and stucco masons -- $25,097
Helpers -- roofers -- $18,240
Roofers -- $24,463

Riverside, Calif.
Population: 4,017,000

Most popular jobs and average local salary:
Elementary school teachers -- $48,696
Registered nurses -- $58,573
Secondary school teachers -- $50,286

Jobs more common to Riverside than other U.S. cities and average local salary:
Terazzo workers and finishers -- $32,930
Slot key persons -- $13,343
Automotive glass installers and repairers -- $42,514

Fayetteville, Ark.
Population: 417,000

Most popular jobs and average local salary:
Registered nurses -- $41,669
Wholesale and manufacturing sales representatives -- $43,358
Elementary school teachers -- $36,306

Jobs more common to Fayetteville than other U.S. cities and average local salary:
Meat, poultry and fish cutters and trimmers -- $17,975
Agricultural inspectors -- $27,180
Purchasing managers -- $54,734

Ocala, Fla.
Population: 311,000

Most popular jobs and average local salary:
Registered nurses -- $44,557
Wholesale and manufacturing sales representatives -- $43,782
Loan officers -- $36,586

Jobs more common to Ocala than other U.S. cities and average local salary:
Recreational vehicle service technicians -- $28,633
Farmworkers, farm and ranch hands -- $17,963
Nonfarm animal caretakers -- $17,209

Phoenix, Ariz.
Population: 3,976,000

Most popular jobs and average local salary:
Elementary school teachers -- $29,399
Registered nurses -- $50,755
Wholesale and manufacturing sales representatives -- $43,028

Jobs more common to Phoenix than other U.S. cities and average local salary:
Aircraft structure surfaces, rigging and systems assemblers -- $35,324
Gaming and surveillance officers and gaming investigators -- $22,074
Umpires, referees and other sports officials -- $50,326

Some firms replace offshoring with onshoring

Some firms replace offshoring with onshoring

Small U.S. towns can match India in cost. Northrop Grumman plans up to 50 sites for tech support. Dell opens a center in Idaho.
By Peter Pae
Los Angeles Times Staff Writer

October 21, 2007

CORSICANA, TEXAS — Gary Richardson left this boomtown-gone-bust in 1996 for a computer job in Dallas, the big city 60 miles north.

"I didn't think I would ever come back," Richardson recalled recently, "because there were no jobs like mine here."

Not until this year, when Northrop Grumman Corp. opened an information technology center in town and began recruiting IT specialists and software engineers.

In a twist on offshoring that Northrop has dubbed onshoring, the global defense and technology corporation has been shipping computer work to small-town America, shunning India's Bangalore and Mumbai.

Century City-based Northrop picked Corsicana and six other small cities, including Lebanon, Va., and Helena, Mont., as locations for employees who develop software and troubleshoot technical problems for clients hundreds or thousands of miles away.

It costs Northrop about 40% less to have the work done in Corsicana than in Los Angeles -- savings similar to what would be achieved by sending jobs overseas.

"We're getting very high quality and a dedicated workforce," said Thomas Shelman, president of Northrop's Information Technology Defense Group and creator of the company's onshoring program.

Onshoring, in fact, is becoming trendy.

Some U.S. companies have recently pulled back from India to set up shop in rural areas where access to high-speed broadband connections isn't the problem it was just a few years ago, and where lower real-estate prices and wages are attractive.

Xpanxion, an Atlanta-based software developer, relocated its test operations to Kearney, Neb., from Pune, India, because the time difference was hampering communications.

Computer maker Dell Inc., once at the forefront of outsourcing to foreign countries, opened a technical support center in Twin Falls, Idaho, after customers complained about overseas workers' English-language skills.

Accenture, the world's largest consulting firm, is building a document-processing center on an Umatilla Indian reservation in Oregon.

"We're responding to the tremendous demand among Accenture clients for outsourcing services performed by professionals within the U.S.," Randy Willis, a senior Accenture executive, said when the project was announced last fall.

A few companies based in India are turning outsourcing on its head too. Wipro Technologies, a software maker based in Bangalore, is establishing a design center in Atlanta that could employ about 500 computer programmers.

"The work we're doing requires more and more knowledge of the customers' businesses -- and you want local people to do that," Wipro President P.R. Chandrasekar said in a recent statement.

It's not that offshoring isn't popular in corporate America anymore.

A survey of more than 500 large U.S. companies last year by consulting firm Booz Allen Hamilton found that 60% had shipped some work to other countries. Another firm, Forrester Research, predicted that about 3 million high-tech jobs would head overseas by 2015.

But Dan Sernett, a partner in Los Angeles with Ernst & Young, a professional advisory firm, said many companies were reassessing offshoring. "It's not a slam dunk as it was several years ago," he said. "They're looking for alternatives closer to home."

Northrop would rather stay home, in part because so many of its government contracts are for national security projects. The company hires 5,000 software engineers every year, and putting some of them in its new small-town centers could save at least $15 million annually in payroll costs. The plan is to have 50 such centers around the country.

The starting salary for a software engineer with one year's experience is about $42,000 a year in Corsicana and $56,000 in Los Angeles or McLean, Va., the Washington suburb where Northrop's IT operations are based.

One reason: A three-bedroom home in Corsicana sells for about $125,000, compared with about $700,000 for a similar place in L.A.

For communities such as Corsicana, white-collar jobs are seen as a way to elevate and diversify a local economy that has long been dominated by low-wage, blue-collar work.

"It's not something people are used to seeing around here," said Kevin Culpepper, a systems engineer and native of nearby Ennis, Texas, who returned to the area to manage the new center after having worked in Dallas.

Corsicana's heyday came in 1894 when drillers digging for water accidentally hit black gold and transformed the once-sleepy trading post into the first oil boomtown in Texas, with more millionaires than anywhere else in the state.

Most of the wells have dried up, fast-food restaurants have replaced oil derricks, and the city has struggled to survive with a quarter of its population living in poverty. Its claim to fame these days is fruitcake maker Collin Street Bakery and the Pearce Civil War Museum, which has one of the largest collections of letters written during the conflict.

"We've basically been stagnant," said Lee McCleary, the town's economic development director.

In recent months, locals have begun talking about the possibility of another boom bubbling to the surface -- this time from the nearly empty shopping mall where Northrop has set up its work site.

Enticed by the potential for a new pool of middle-class buyers, developers are talking about building 200 homes -- the kind of large-scale construction that hasn't happened in Corsicana since the oil boom.

"That's significant for us," McCleary said, noting that the presence of Northrop has prompted other high-tech companies to consider opening offices in town. "It's taken us to another level in types of industry we can recruit."

Richardson, who left Corsicana for a job in Dallas, returned in March when he was hired at the center as a software developer.

"I jumped at the chance to come back," he said. In Dallas, his workday commute was 90 minutes each way. In Corsicana, his drive takes about 10 minutes -- through two traffic lights and two stop signs.

Nancy Boone, 58, a homemaker who has raised four children and wants to get back into the workforce, has been taking computer courses online in a special program at a local community college.

The 10-month crash course was created to retrain local residents to work at the Northrop center.

"It's ideal for my situation," Boone said as she logged off her computer on a makeshift desk in her kitchen. "It's what I've always dreamed of."

Friday, October 19, 2007

Best Cities for Jobs

Best Cities For Jobs

by Matthew Kirdahy
Thursday, October 18, 2007

A mining community has struck gold -- with tech jobs.

Topping the latest ranking of out Best Cities for Jobs list is Salt Lake City. The Crossroads to the West, an economy that has been predominantly driven by the mining and steel industries, has developed into a service-based city and has become a tech sector hub for digerati migrating from Silicon Valley.

The city also had almost the lowest rate of unemployment in 2006, a tick behind Honolulu, and ranked 19th overall.

To compile the rankings for the Best Cities for Jobs list, we used five data points, weighted equally: unemployment rate, job growth, income growth, median household income and cost of living for full-year 2006 (only partial data is so far available for 2007). We measured the largest 100 metropolitan areas, as defined by the U.S. Census Bureau, and obtained the data from Moody's Economy.com.

It's important to note that this list doesn't weight for specifics like job composition or job stability, two significant characteristics that will appeal to any job seeker.

Mark Zandi, chief economist and co-founder of Moody's Economy.com, said this ranking shows job market strength but acknowledged these limitations. "There's nothing directly about quality or stability of a job market [in the ranking]," Zandi said.

"Some years are more volatile. Boom years are followed by years that don't quite measure up. For most people, a market that is more stable is most desirable, and this analysis doesn't account for that," he said.

Raleigh, N.C., led the pack before the full 2006 data were available. (Forbes.com published a Best Cities For Jobs list in February.)

"They're both strong economies and very solid job markets," Zandi said of Salt Lake City, versus Raleigh. "It's Yankees-Red Sox. What's the difference? There is no real fundamental reason why Salt Lake is now No. 1."

New to the top 10 are Tulsa, Okla.; Albuquerque, N.M.; Wichita, Kan.; and Oklahoma City for income growth. Las Vegas just missed the top 10 by a spot but showed the second-best job growth. In 2005, it was ranked No. 48.

San Jose, Calif., posted the most significant jump, from No. 91 in 2005 to No. 14 in 2006. The third-largest city in the Golden State has the highest median household income, at $87,869. According to the data, that figure is projected to increase to $92,048 by the end of 2007 and $94,209 in 2008. However, it's also the priciest city on the list in which to live.

Normally, one might expect the great metropolises of the U.S. to rank higher than they do. New York City, arguably the world's financial capital, is listed at No. 63, a substantial change from its 99 ranking in 2005. Job growth overall is expected to increase along with job growth in the Big Apple.

San Francisco is at No. 31, up from 86, while Washington, D.C., fell to 32 from No. 5 in 2005.

Raleigh, however, remained among the five best in the job growth category. Phoenix reigned at No. 1, largely because of housing development. Given the recent housing bust, it will most certainly be dethroned in that category. The same goes for Florida -- Orlando, Sarasota, Tampa and Fort Lauderdale won't be so prominent for 2007 considering the impact of the downtrodden housing market. The next list will be "almost upside down," Zandi said.

Today's Fuel for Thought:

Happy Friday everyone!!

I love quotes and I came across a couple of good ones today. I implore you to take a moment and think about what these mean to you in your personal and professional lives.

"Continuous effort - not strength or intelligence - is the key to unlocking our potential "
-Winson Churchil

"Exciting is a dull word for the business we're in."
-Fred Trump


Have a fantastic weekend!!

Matt

Thursday, October 18, 2007

The number of new unemployment claims filed jump up 28,000 - far more than expected

Jobless Claims Unexpectedly Jump by 28,000

Source: AP

The number of newly laid off workers filing claims for unemployment benefits shot up by the largest amount since early February, a far bigger increase than had been expected.

The Labor Department reported Thursday that applications for jobless benefits hit 337,000 last week, an increase of 28,000 from the previous week. That was the biggest one-week surge since jobless claims jumped 42,000 the week of Feb. 10.

The increase was four times larger than the gain of 6,000 that economists had been expecting and could be a sign that the labor market is starting to weaken under the impact of a severe downturn in housing and the credit crisis that jolted financial markets in August.

Tuesday, October 16, 2007

F*** off stress, I'm at work

By PETE BELL

It seems foul-mouthed kitchen genius Gordon Ramsay may be onto a winner when it comes to boosting morale in the workplace.

The University of East Anglia said a study of leadership styles found the use of "taboo language" boosted team spirit.

Professor Yehuda Baruch, professor of management at the Norwich-based institution, warned bosses that any moves to prevent workers from swearing could have a negative impact.

He said: "In most scenarios, in particular in the presence of customers or senior staff, profanity must be seriously discouraged or banned.

"However, our study suggested that, in many cases, taboo language serves the needs of people for developing and maintaining solidarity, and as a mechanism to cope with stress. Banning it could backfire.

"Managers need to understand how their staff feel about swearing. The challenge is to master the art of knowing when to turn a blind eye to communication that does not meet with their own standards."

Monday, October 15, 2007

The Changing Recruiting Landscape

A quick blurb from the most recent Sellingpower.com newsletter.

-Matt


The recruiting landscape is getting a little rocky, and smart companies are doing what it takes to smooth things out. "In this era of choice, the companies with the best-defined value proposition for a specific market win; the same is true for recruiting," says Jeremy Miller, a partner with LEAPJob, a Toronto-based sales recruiting firm that specializes in recruiting business-to-business sales professionals. "

Recruiters also have to consider the upcoming baby boomer shortage, says Miller, and explains that in about 20 years, the nation is going to lose 40 percent of its labor market.

Tunover Cost Calculator

Here's a great turnover cost calculator that I came across. As with anything I'd take it with a grain of salt and use it more as a guide than a hard and fast rule but I think it would be great to have this on the phone to calculate the cost on the fly.

Disclaimer: While they do site the sources of how this calculator works the results are probably skewed slightly to encourage prospects to invest in their turnover reducing solutions. Call me a skeptic but I had to throw that out there.

http://chally.com/turnover/calculator-2.html


Happy Selling!
Matt

Ten Ways to Blow a Sale


by Ben Stein



In 1900, the most common job in the United States was farm laborer. That was backbreaking, dangerous work. Now the most commonly occurring job is salesperson.

That's not as difficult. Usually, such jobs are performed in air conditioned settings. The most painful parts of it are dealing with rude customers and having to stand for long hours.

It's Yours to Lose

There are all kinds of sales jobs, of course, from selling gum and cigarettes at convenience stores to selling giant office buildings, airplanes, or immense blocks of stocks or bonds. Or even selling entire companies.

But whether you're a salesperson at 7-Eleven or Goldman Sachs, you've probably heard and read advice on how to make a sale. I'd like to change gears and come at it from another angle. As a companion piece to my column from last year, "The Art of (Killing) the Deal," how about some further advice on how to lose a sale?

The Terrible Ten

If you find yourself doing the following acts or omissions on a regular basis, you might want to reconsider your steps:

1. Don't listen to your customer. Instead, only tell him or her what you feel like saying.

Don't hear what's important to the customer about a house or a car or a pair of shoes or an investment. Only talk about what's interesting and important to you.

2. Show disrespect to your customers. After all, you never know if the guy is serious or not. So make fun of him and belittle him until -- and maybe even after -- you actually see the color of his money.

Don't hesitate to be sarcastic and mock or criticize his choices and opinions. After all, it's your store, your dealership, your brokerage. You're the expert, not him or her. Besides, customers like being taken down a few pegs. They don't want to just be sucked up to -- they want to be treated badly. It makes them much more likely to buy.

3. Don't be accommodating on big purchases. If you're selling something as expensive as a home or large boat or resort condo, and if the buyers have any hesitation because of unsettled market conditions, don't cut them any slack. Just show them the standard contract, and make it as one-sided as you can.

Make sure you tell them it's your way or the highway. Yes, it might be a million-dollar sale, and maybe you haven't had any other customers in a few weeks (or months). But still be totally unbending about your terms even if what the buyer wants doesn't really cost you much money.

You have to show that ratty little buyer who's boss. Flexibility is for losers, and you're not a loser.

4. Put your personal life ahead of your customers. Get right off the phone with your clients if your girlfriend calls. If you have a manicure and pedicure appointment, do that before you even consider staying a minute late to get the sale closed.

After all, there are always more clients coming through the door -- your nails are sacred. You have to respect yourself and not become a slave to your job.

5. Don't know your product. If your customer asks about your product, the best answer is "whatever," preferably said in the most dismissive tone possible.

If you don't know something your client asks about, tell him it's not important and that if he really wants to find out about it, he should look it up online. You have other things to do, like that manicure and pedicure.

6. Don't bother closing the deal. Or rather, make it really hard for the customer to close the sale.

Don't have the paperwork ready. Gossip with the finance manager instead of getting your papers ready. Forget to fill out parts of the contracts. Then tell the buyer he'll have to cool his heels while you get it done -- and then just leave and make him wait until tomorrow! It'll teach the customer a much-needed lesson in humility.

7. Lie to your customers about the product. Tell them it's safer, or more reliable, or guaranteed for longer than it is.

After all, they'll never catch on. And if they do, there'll be plenty more customers coming. Besides, you'll be gone and in another state by the time they catch on. If they sue, that's your boss' problem, not yours. Little lies help you, and they don't really hurt anyone.

8. Look like a total slob. Have bad breath. Don't wear clean clothes. You're a poet, an artist -- you don't have to look like you're someone's butler or maid.

You can look any old way you want and smell any way you want. Your charming personality will come through anyway. If it doesn't, tough. There are 300 million people in this country, and any one of them is a customer. So worry about the next one, not this one.

9. Don't bother to close the deal. Just explain a little bit, then walk away and let the customer stew. Don't come back to him -- let him come crawling to you.

Don't explain things, then ask how he wants to pay for it and any other question that will lead to closing.

10. If you're selling big-ticket items, don't bother to qualify your customers.

Don't find out if they can actually afford that plane or that car or that home. Just do your standard pitch and assume the guy or gal in front of you has the money to do the deal. That really works beautifully. Then, if they don't qualify, yell at them for being deadbeats.

Salesman, Heal Thyself

Oh, there are a lot more. But if you find yourself doing any of these little things, pause, take a few steps back, and ask yourself, "Do I really want to sell this thing?" If the answer is yes, then take a step back and start again with selling in mind.

(I'm greatly indebted to my master-salesman pal and fellow author Barron Thomas for many of these tips.)

Simple Advice for Better Presentations

In my quest to present more like Steve Jobs I came across this great piece on John Moore's "Brand Autopsy" blog - http://brandautopsy.typepad.com/brandautopsy/ - John Moore is a marketing executive for Starbucks and Whole Foods Market.

-Matt


While riffling through Carmine Gallo's just-published book, FIRE THEM UP, I landed upon some super-smart advice for delivering a more effective presentation. Gallo writes ...

A client once asked me, "How can I be more like Steve Job in my next presentation?"
"It's simple," I explained. "Tell your listeners why you're excited about your product, share a vivid vision of the future that your product makes possible, and be specific about how your product will help them succeed in business."

Most people hype features. Steve Jobs sells benefits. When he pitches products, it's not about him: it's about you. That is the secret behind a master showman.

Great advice.

Friday, October 12, 2007

Turnover: Understanding the True Business Impact



by Matt Kelm
Sales Trainer
CareerBuilder.com
October 12, 2007

Hello all and happy Friday!!

I came across a great statistic yesterday in an article published by Workforce.com.

On average, companies spend 2.5 times an individual’s salary to find a replacement, which includes recruiting, training, lost productivity and severance payments.

Often times as sales reps when we are running appointments we talk to prospects about how we can impact their business by lowering their turnover but do we truly understand the impact that we are making?

Let's take a moment to think about a common scenario many of us face each day on our sales calls.

You're calling a manufacturing company and while you are probing for their challenges your prospect tells you that their biggest challenge is that they have 100% turnover on their assembly line. Hearing this as a sales rep automatically sets off dollar signs in your head --- Cha-ching! We move forward and present a detailed solution showing how we can make an impact to their business by lowering their turnover which is obviously one of their biggest challenges - after all they told us it was right?

After presenting our solution and showing them how we will impact their biggest challenge we ask for their business. You outline a solution and ask for an investment of $20,238. Feeling confident that you've done your job probing for the bottom line challenges you wait for the "yes!" Instead what you hear is, "we don't have this in our budget" or "it's too expensive."

Leaving you thinking: Where did I go wrong?

I tell sales reps all the time you have to take what they give you and dig deeper. You have to take that challenge they've presented you and ask 3-5 questions about that challenge. It's what we learn from digging deeper that allows us to show our prospects a true business impact and will create urgency to implement our solution.

What could we have done differently in this scenario?

Going back to the prospect stating that their biggest challenge was that they have 100% turnover on their assembly line. What else could we have asked them? How could we have dug deeper?

Here are a few things I would have asked:

  • How many hours per week do your hourly production employees work? 40
  • How much are your hourly production employees paid per hour? $8
  • How many employees are currently working overtime? 10
  • How many overtime hours are they working? 40
  • Are the employees working overtime being paid time and a half? Yes
We know that their biggest challenge is having 100% turnover on their production line...

BUT WHAT DOES THAT MEAN TO THEIR BUSINESS?!?!

Here is the business impact that we can NOW show our prospect after digging deeper:

The production employees work 40 hours per week and are paid $8 an hour. That roughly equates to $15,360 gross that is paid annually to each of these employees. According to the statistic above the total cost to replace ONE hourly production worker after recruiting, training, lost productivity and any severance pay is included, would be $38,400! Now imagine the cost of replacing one of you senior sales reps or an engineer who will make upwards of $100,000 a year.


We also know that 10 of their hourly production employees are working 40 hours of overtime a week (80 hours total) and being paid time and a half. On an annual basis one of these overtime workers is making more than DOUBLE that of their 40 hour per week counterparts. Annually they are paying the 10 overtime production workers nearly $400,000 gross compared to what they could be paying 20 hourly workers and a normal salary annually which would be $307,200.

In sum we know that the cost to replace one of their hourly production employees is $38,400 and that we have uncovered an opportunity to save the company nearly $100,000 by helping them hire an ample amount of workers to cover all of the production work in 40 hour weekly shifts.

Now how do you think your prospect will feel about investing $20,238?

Chances are they will be 10 times more likely to say yes because we were able to show them how turnover is truly impacting their business and how are solution will address that issue ultimately contributing to an increase in revenue.

What we should all take from this is that the next time you are pitching a prospect we need to show them how much turnover is truly impacting their business and not be afraid to pitch an annualized solution that will address their biggest challenges.

Remember: Pitch BIG or go home!

Happy Selling!
Matt


Here is the link to the article if you'd like to read it in its entirety:

http://www.workforce.com/section/00/article/25/15/68.html

Thursday, October 11, 2007

Is, Does, Means - A great analogy for why it's important

Hey Everyone,

I had a great analogy for "Is", "Does", "Means" pop in to my head during a conversation that I had with a new hire in class yesterday.

We were discussing how a lot of reps fall in to the trap of telling prospects what our product is and what the product does, in other words telling them only the features, and failing to show them what our product means to their business.

The analogy I thought of for telling someone the "Is" and the "Does" and NOT the "Means" is this:

It would be like telling a joke without giving the punchline and expecting someone to laugh. In other words it would be like telling someone what a Job Posting is and what it Does without telling them what it means to their business and expecting them to understand the value.

Happy Selling!
Matt

Wednesday, October 10, 2007

So You Were Zoned Out at Work...

Excerpt from "Cube Monkeys: A Handbook for Surviving the Office Jungle"
By CareerBuilder.com and Second City Communications


A parody on "must-have" office handbooks, "Cube Monkeys: A Handbook for Surviving the Office Jungle" by The Editors of CareerBuilder.com and Second City Communications (Collins) offers laugh-out-loud advice on how to make it through the workday. Full of irreverent humor from Second City Communications, the corporate division of the world renowned comedy theatre The Second City, "Cube Monkeys" features top 10 lists, quizzes, step-by-step guides, games and hilarious advice that will help make the longest 40 hours of the week seem a little less unbearable.

Here's an excerpt:

Top 10 Snappy Responses and Quick Recoveries to Questions You Didn't Hear Because You Were Zoned Out

1. "I'm not going to dignify that with a response!"

2. "Whoa, I just had one of my psychic realizations: someone in this room is embezzling money!"

3. "What did you say about my wife!?" They will quickly repeat the question.

4. Raise your index finger to your lips and say, "Shhh, let's all just listen with our hearts for a moment. I think the answer will become obvious."

5. "I must have answered this question a hundred times in the last month! Doesn't anybody listen anymore?"

6. Act as if you are silently falling in love with the person waiting for your response.

7. Act as if you are going to respond, then pause to reconsider your response. Repeat for hours on end until quitting time.

8. Hang your head and say, "What difference does it make? We're all going to die anyway!"

9. "That may be true. Or not. What do you think, Ed?"

10. "I didn't hear your question; I zoned out. I was a million miles away. Which brings up a greater issue: what are we going to do to liven up these lame meetings?"

Tuesday, October 9, 2007

Job Boards Tap Facebook For Gen Y Workers

Job Boards Tap Facebook For Gen Y Workers-->Recruiters are getting a vital new tool to hire Generation Y workers as major job boards such as CareerBuilder, Jobster, Yahoo HotJobs, and begin linking to the social networking site Facebook.-->
October 2, 2007

Job Boards Tap Facebook For Gen Y Workers
Recruiters are getting a vital new tool to hire Generation Y workers as job boards begin linking to the social networking site Facebook.

CareerBuilder, Jobster, Yahoo HotJobs and JobsinPods.com are among those developing Facebook applications in hopes of helping recruiters and hiring managers reach out to some 41 million active users of the popular site.

Many experts consider Facebook the leading Generation Y networking platform, not only for its reach but also because of the audience it attracts. Facebook’s fastest-growing demographic is people 25 years or older. More than half of the site’s users are out of college and many are seeking full-time jobs in a career-oriented environment, which makes them a coveted workforce group among employers searching for young talent, recruiting specialists say.

“Facebook is the sixth-most trafficked site in the country,” says Richard Castellini, vice president of consumer marketing at CareerBuilder. “It is a great medium for employers to become more relatable to this important segment of the workforce.”

CareerBuilder launched its Facebook application in late August. It matches Facebook users with job and internship opportunities. CareerBuilder’s technology sifts through Facebook users’ profiles, gathering information such as college major and hometown.
Job boards testing Facebook applications are ahead of the curve, says industry consultant John Zappe.

“It’s a fairly inexpensive way to help their clients—recruiters and hiring managers—gain brand awareness among young, passive job candidates,” Zappe says.
Chris Russell, founder and president of JobsinPods.com, developed a Facebook application because it gives employers additional visibility among members of Generation Y, who typically are defined as those born between the late 1970s and 2000. Launched in March, JobsinPods is an audio job board allowing employers to record podcasts containing information about career opportunities within their companies and distribute them electronically.

The company’s Facebook application was introduced this month and allows recruiters and hiring managers who are members of Facebook to embed their podcast in their personal page. Russell hopes to enhance his Facebook application, making it more interactive and creating a function to allow podcasts to be e-mailed.

“The iPod generation is bored with the conventional communication techniques that employers use to reach them,” he says. “They want something fresh and real, like podcasts, which are very commonly used within this group.”
Jobster also has launched a Facebook application. The Seattle-based job board has partnered with more than 230 companies, including Verizon and Boeing, to create an employer talent network.

“Facebook’s open philosophy makes it easy for job boards to develop applications for the networking site,” says Jonathan Duarte, president and CEO of Go Jobs Inc., a job board and recruiting consultancy in Orange, California. “I anticipate a lot more recruiting specialists will be turning to this tool for reaching Gen Y’ers.”
Gina Ruiz

News in Brief Archive

Outsourced Jobs May Come Back to the U.S. because our dollar is worthless - Fed just laughs & prints another trillion.

Dollar's fall raises costs of outsourcing to India

Indian technology industry is slowed

By SAM ZUCKERMAN
SAN FRANCISCO CHRONICLE

Like many U.S. startups, RFQConnect, a broker of shipping and warehousing services based in Santa Clara, Calif., looked to India for its software. The program that runs RFQConnect's Internet auction site was produced by a shop of six developers in Pune, a city in the western state of Maharashtra.

Now, the decision to buy Indian has suddenly gotten more expensive.

As the dollar was plunging against the Indian rupee a few months ago, the Pune programming shop raised its hourly fee from about $22 to $25, an added expense an infant company such as RFQConnect could ill afford.

"It hurts. The profit margin suffers directly," founder Sergio Retamal said. "But it's understandable."

Around the globe, the falling dollar is touching everyone in the business world, from Saudi oil princes to U.S. computer makers, making American goods and services cheaper while raising the cost of foreign products.

One effect that hasn't received much attention is how the dollar's relentless drop is throwing a bit of sand into the gears of India's vaunted technology machine. That movement of technology operations to India is a trend that has emerged as a prime symbol of globalization in recent years.

The reason U.S. companies went to India for technology in the first place was to save money. Workers there in the outsourcing sector earn roughly one-eighth as much as their American counterparts, according to experts on India business. And software development services that might cost $200 to $275 per person per hour in the United States can be bought from an Indian company for $25 an hour or less, those experts note.

The past year, the dollar has fallen from about 45 rupees to about 39. That 13 percent drop, on top of significant pay increases there, has shaved part of the Indian cost advantage, forcing buyers and sellers of technology services to adapt. Economists expect the rupee to strengthen over the long term as India's economy matures.

"We are facing some tough questions. It's not an easy process," said G.K. Murthy, senior vice president with Sierra Atlantic, a Fremont, Calif.-based business software services company that does most of its programming in India.

One ironic bit of fallout from the falling dollar: Big Indian software companies are stepping up their hiring of American tech workers, who have suddenly become a lot cheaper to employ. For example, Bangalore technology giant Wipro Technologies recently unveiled a plan for a software development center in the Atlanta area that ultimately could hire 500 programmers.

To be sure, India's tech sector is still thriving. So far, the dollar's fall hasn't appreciably curbed the readiness of most U.S. companies to use Indian technology services, experts say.

"Even a reasonably sharp appreciation of the rupee doesn't change the fundamental cost difference between the two countries," said Johan Gott, an offshoring consultant with the firm A.T. Kearney.

But the combination of higher Indian salaries and a rising currency is prompting Indian vendors to pay closer attention to their costs and push through small price increases. And U.S. corporations that set up major technology centers in India are finding that their operations there aren't saving them as much money as they expected.

"It's a challenge," said Atul Vashistha, chairman of neoIT, a San Ramon, Calif.-based consulting firm. "They have to send over more dollars than they have in the past."

The giant Indian technology conglomerates such as Tata Consultancy Services, Wipro and Infosys Technologies are hedging their bets by expanding in countries such as China, where costs are lower than in India. They're also building business with European countries whose currencies have stayed relatively stable compared with the rupee. And they're bulking up in the United States.

Tata says it's pushing for greater productivity in India while reviewing where it invests around the world.

"Over the longer period, does it make sense to incur more expenses in the United States?" asked S. Mahalingam, the company's chief financial officer in India. "If the rupee gets down to 37 or 35 to the dollar, then it would make sense to create another development center in the United States."

Meanwhile, Tata says it is imposing price increases of 3 percent to 5 percent on existing contracts and 5 percent to 8 percent on new contracts. The company feels pressure to keep those increases small, because currency movements "are not a great argument for raising prices," Mahalingam said.

Thursday, October 4, 2007

Q4 Labor Trends

CareerBuilder.com and USA TODAY released the results of our Q4 U.S. hiring survey today. Cautious, but steady hiring is the general consensus as employers keep a watchful eye on economic indicators. Twenty-seven percent of employers plan to add full-time, permanent employees in Q4. Six percent expect to decrease headcount while 62 percent expect no change and 5 percent are unsure.

Other highlights include:

  • Hiring is expected to remain strongest in the South and West.
  • 44 percent of employers say they currently have positions for which they can't find qualified candidates;
  • 27 percent say they are currently retaining workers whom they otherwise wouldn't because of performance issues or a slowdown in work.
  • The majority of employers plan to increase salaries in Q4. One-in-five estimate salaries will increase 4 to 5 percent.

empleosCB.com, a subsidiary of CareerBuilder.com focused on online job search for the Hispanic community, issued today a press release regarding Spanish-speaking job candidates.

Highlights Include:

  • Nearly half of employers (48 percent) say they are hiring Spanish-speaking job candidates in 2007 and 2008.
  • Twenty-nine percent of hiring managers say they are placing a greater emphasis in 2007 and 2008 on finding employees who can relate to the Hispanic audience.
  • More than one-in-five (21 percent) hiring managers say they plan to target Hispanic workers more aggressively in 2007 and 2008.

Selling Employment Branding



By Matt Kelm
Sales Trainer
CareerBuilder.com
October 4th, 2007

This morning I attended a training on selling employment branding and the impact of advertising your companies brand in the marketplace. There were a few things that occurred to me during this presentation that I thought I'd share.

Branding, especially employment branding, is a long-term plan.

If you were running for president you wouldn't begin campaigning the night before the election and expect people to vote for you. Likewise, you wouldn't build your employment brand the day before you need an A-Sales player and expect them to apply for your opportunity.

BRANDING: WHY I HATE THE TERM ANCILLARY PRODUCTS!!

Every company has them in their offering and they are a great revenue driver for any sales rep who sells them. So why do I hate them? In truth, I think ancillary products are a fantastic way to penetrate an account and reach deeper into the pockets of our clients and prospects. The trouble I have with ancillary products is the term "ancillary products".

I think you'll understand where I'm going with this if we first take a look at a few synonyms for the word "ancillary." Synonyms for ancillary include: Secondary, Additional, Supplemental etc.

Should your company brand be secondary? Should attracting top talent by branding your company as a choice employer be supplemental?

Lets all pause and listen intently for the collective "No." I would rather associate these products, especially branding products, with terms like: "Value", "Market Share", "Choice Employer", "Revenue Driver". We've all read the countless survey results like the one recently conducted by Accenture that all say basically the same thing: "Attracting and retaining skilled staff ranked highest on executive agendas." So if we agree that brand should not be considered ancillary and that attracting and retaining top talent is at the forefront of the minds of executives I offer you this question:

Why are we not talking to executives about branding? The answer...Mindset

Because we do not truly understand what branding is or how it effects our customers business coupled with the fact that we often times view branding as something "additional" or "extra", more than 90% of the time we are not including branding anywhere in our initial sales pitch to prospects. Sure we'll pitch the basics because that is what we're used to and that is what we're comfortable with; it's what WE know. The truth is that branding should be included in every single pitch we make to our prospects.

Someone please find me a company that does not want to promote their brand. If you find one, I guarantee it won't be around for very long. Think about it. This applies to every size business. Starbucks needs to foster its brand to stay competitive and gain more market share. Ever heard of Matt's Electronic Shoppe? Me either. Want to work for them? Maybe, but I'd rather work for Best Buy. Sounds like they need to build their company brand and promote themselves as a choice employer.

I'll say this more than once: The only way to understand how to sell branding is to sell branding.

That's right, pick up the phone and start talking to your clients and prospects about it and you'll be amazed at the overwhelming response.

As a sales trainer I am tasked with training sales teams how to sell branding products and not surprisingly the trainings I run regarding this topic have the highest attendance numbers. Everyone is looking for that "magic bullet" or the one phrase that will make executives want to purchase every branding tool we have in our product suite. The answer however is that there is no magic bullet or one way to sell branding.

Looking back on my own experience selling branding, I learned a really important lesson early on. I was preparing to run a face to face appointment with a company and I had never pitched a branding solution before. I spent an enormous amount of time researching data on branding trends, preparing a 30 slide Power Point presentation, researching case studies, reading articles/books on the subject etc. and at the end of all of that I was no more prepared for the meeting than when I started. When it came time to sit down with the executives of the company I was meeting with and discuss brand I learned more in the hour I spent having a conversation with them about branding than I had in the days I spent researching the topic.

Why?

Because for the first time I was able to truly see how brand impacts an entire organization. I was able to see the forest and not only the trees. It was now more than just "you can put your logo here", it was "here is how you can attract an A-Sales player that will allow you to replace the under performing sales rep and increase your revenue by $500,000 this year alone" Those are two COMPLETELY different conversations. There is a huge difference between being "book smart" and being "street smart" and when it comes to selling branding you need street smarts.

What's the best way to sell branding? The only way to understand how to sell branding is to sell branding.

PICK UP THE PHONE AND TALK TO SOMEONE!

There aren't any books that will give you the talk track needed to hold a conversation with any business executive regarding this subject. Statistics, articles and books are great guide posts along the way but the only way to learn how to sell branding is to start selling it and not be afraid to screw it up a few times. I promise you that executives will not take you to the cleaners if your branding presentation is not perfect. These executives NEED you. They need a consultant to be a resource to them.

GET OVER IT AND GET STARTED!

To get you started I offer you the following conversation starters:
  • HR Executive: What is your current employment branding practice? How effective is it?
  • Marketing Executive: How does your corporate brand fit into your overall hiring strategy?
  • C-Level Executive: What is your companies core value proposition?
  • Anyone: How do you think your company can become a “choice employer?”

People to call:

  • C-Level Executives
  • VP of HR
  • CMO/VP/Marketing Director

PICK 3 ACCOUNTS, CALL 1 NEW CONTACT IN EACH OF THEM AND HAVE A COVERSATION WITH THEM ABOUT BRANDING TODAY!

We're 91!!!!!!

CareerBuilder made Business Week's list of the best companies to start a career!

Take that, U.S. Patent and Trademark Office! (They came in 92nd place.)

Check out the rest of the list:
http://bwnt.businessweek.com/interactive_reports/career_launch/index.asp

Wednesday, October 3, 2007

CAUTIOUS, BUT STEADY HIRING EXPECTED FOR Q4, ACCORDING TO CAREERBUILDER.COM AND USA TODAY SURVEY

Chicago, October 3, 2007 – CareerBuilder.com, the nation’s largest online job site, and USA TODAY released the results of their latest survey, conducted by Harris Interactive®, tracking projected hiring trends for the fourth quarter of 2007. The survey, titled “Q4 2007 Job Forecast,” was conducted from August 10 through September 4, 2007 of more than 2,700 hiring managers and human resource professionals in private sector companies.

“Given the housing slump and tight credit market, caution is to be expected when it comes to hiring in the fourth quarter,” said Matt Ferguson, CEO of CareerBuilder.com. “While employers are keeping a watchful eye on economic indicators, they are still planning to expand staffs at a steady pace and are actively competing for qualified labor. Forty-four percent of employers said they currently have open positions for which they cannot find qualified candidates.” One-in-four employers (27 percent) report they will add new employees in the fourth quarter. Six percent expect a decrease in staff levels while 62 percent anticipate no change and five percent are unsure.

HIRING BY REGION

Consistent with previous surveys, hiring activity is expected to remain strongest in the South and West. Twenty-six percent of employers in the West and 31 percent in the South plan to increase their staff levels compared to 23 percent in the Northeast and Midwest. Plans to reduce headcount ranked highest in the Midwest at 7 percent, followed by the Northeast and South at 6 percent and the West at 5 percent.

HIRING BY COMPANY SIZE

Hiring is expected across all company sizes, from small and medium-sized businesses to larger corporations. Thirty-two percent of organizations with more than 1,000 employees plan to recruit new staff members. Twenty-six percent of employers with 501 to 1,000 employers and 30 percent of those with 251 to 500 employees also plan to recruit. Comparatively smaller organizations will be doing their part with 27 percent of organizations with 51 to 250 employees and 19 percent of those with 50 employees or less anticipating an increase in staff levels.

HIRING BY INDUSTRY

Comparing select industries, 35 percent of banking/finance, 34 percent of retail and 33 percent of sales employers expect to recruit new staff members in the fourth quarter, followed by 32 percent in information technology and 29 percent in both large healthcare (with over 50 employees) and hospitality organizations.

COMPENSATION IN Q4 2007

“The shortage of skilled workers has inspired more generous offers to job candidates and has resulted in companies holding on to existing employees who aren’t necessarily top performers,” said Ferguson. “Twenty-seven percent of employers say they are currently retaining workers whom they otherwise wouldn’t due to performance issues or a slowdown in work. In Q4, employers are ramping up their departments for the coming year and are likely to pay a higher price to attract and retain the right talent.” The majority of employers plan to increase salaries in the fourth quarter. Compared to the same time last year, 39 percent of employers say salaries for permanent, full-time employees will be 1 to 3 percent higher, while 22 percent estimate 4 to 5 percent. Six percent of employers say raises will range from 6 to 10 percent. Twenty-four percent of employers anticipate no change in compensation levels while 1 percent anticipate a decrease and 5 percent are unsure.

Survey Methodology

This survey was conducted online within the United States by Harris Interactive on behalf of CareerBuilder.com among 2,929 hiring managers and human resource professionals (employed full-time; not self-employed; with at least significant involvement in hiring decisions) ages 18 and over between August 10 and September 4, 2007 (percentages for some questions are based on a subset of either 2,793 or 2,865 hiring managers, based on their responses to certain questions). Figures for age, sex, race/ethnicity, education, region and household income, as well as industry and company size, were weighted where necessary to bring them into line with their actual proportions in the population. Propensity score weighting was also used to adjust for respondents’ propensity to be online. With a pure probability sample of 2,929, one could say with a ninety-five percent probability that the overall results have a sampling error of +/-2 percentage points. Sampling error for data from sub-samples is higher and varies. However that does not take other sources of error into account. This online survey is not based on a probability sample and therefore no theoretical sampling error can be calculated.

About CareerBuilder.com

CareerBuilder.com is the nation’s largest online job site with more than 22 million unique visitors and over 1.5 million jobs. Owned by Gannett Co., Inc. (NYSE:GCI), Tribune Company (NYSE:TRB), The McClatchy Company (NYSE:MNI) and Microsoft Corp. (Nasdaq: MSFT), the company offers a vast online and print network to help job seekers connect with employers. CareerBuilder.com powers the career centers for more than 1,100 partners, including 150 newspapers and leading portals such as America Online and MSN. More than 300,000 employers take advantage of CareerBuilder.com’s easy job postings, 23 million-plus resumes, Diversity Channel and more. CareerBuilder.com and its subsidiaries operate in the U.S., Europe, Canada and Asia. For more information, visit http://www.careerbuilder.com. Media Contact: Jennifer Sullivan 773-527-1164 Jennifer.Sullivan@careerbuilder.com

Monday, October 1, 2007

Getting Around Your Current Contact and to the Economic Buyer by Bob Miller

Hey,

Below is the link to download an article (PDF) that was published by Miller Heiman. It has some interesting thoughts on how to get around your current contact and to the PEB or EB.

Enjoy!

http://www.mediafire.com/?adcemdzce3e


Here is a menu of time-proven techniques that have worked for us at Miller Heiman and for many of our clients to get around your current contact:

• Ask the Blocker directly what the Basic Issue is that prohibits her from taking you to the Economic Buyer. (You are trying to get a handle on why the person feels it would be a Lose.)

• Executing the above, however, means that you need to develop a Valid Business Reason for wanting to see the Economic Buyer. “Valid” here means valid from both the blocker and the Economic Buyer’s point-of-view, not from yours.

Valid Business Reasons may include:

• “I do not ever want to place you (i.e. the Blocker) in the position of doing my selling for me.”

• “I am not suggesting I go alone. How about you and I together giving her an Executive Briefing about what we are proposing? 15-20 minutes.”

•”I will be glad to introduce you to my Vice President and have him go with you to meet the Economic Buyer.”

• “The Economic Buyer is spending a lot of money on this project. We feel it is important that she know us face-toface. Also it is in your own self-interest to do this. Coach us as to when it would be best.”

• Bring in a completed Blue Sheet, Green Sheet or Gold Sheet about this sale. Emphasize Red Flags of concern and verify Strengths. Be transparent about why you want to see the Economic Buying influence

• Tell your Blocker that your management will not let you (the Sales Rep) book the business without us (or a member of your management team) meeting the Economic Buying Influence.

• Offer to give the Economic Buyer an Executive Briefing about some new knowledge or research that would be of interest to him. Ask the blocker to set it up.

• Offer an Executive Briefing with a senior person in your organization.

There is no one-size-fits-all silver bullet. Stay Win-Win. Probe to find the Basic Issue that is driving the Blocker. It is always some sort of trust issue. Therefore, reassure the Blocker that you understand, and will not go around him. But it is important to the relationship that at some point you meet the Economic Buyer. Companies do not build relationships, people do.