Happy Holidays!
Everybody at the Animal
Science Monitor would like to wish you and your family
a happy and safe holiday season. Bringing you the ASM are
executive recruiters Dan Simmons and Don Hunter, editor Matt
Deutsch, and Web designer Beth Hilson. Enjoy the holidays
and we look forward to another great year in 2006!
Be
Compensated For What You’re Worth in 2006
(By Dan Simmons)
The term “worth” is a very subjective word. But
as far as your value as an employee or candidate, you can determine,
and to some extent dictate, what you’re worth to a company. With
2006 looming on the horizon, this is a good time to take a
personal audit of what you believe you’re worth, either
to the company for which you currently work or to a prospective
employer in the marketplace.
After you complete that audit and self-analysis,
the next step is taking whatever action is necessary to ensure
that you’re compensated as you believe you should be. In
order to help you do just that, below is a checklist of things
to consider while conducting your analysis.
1. It’s a candidate’s market. Act
like it. As most of you well know, it’s
not always a candidate’s market. But when it
is, it can be sweet indeed. Now is that time. Companies
are willing to pay for top talent and for the opportunity
to fill important positions with highly qualified individuals. In
other words, you hold the cards—you have what companies
want, namely your abilities and skills. Consequently,
you are in a position to seek the compensation you believe
you should command. So don’t be afraid to do
so if a company offers you a position.
2. You only have your time to
sell. Get the
most for it. There are only so many hours
in a day, and you spend roughly one-third of those hours
working. Once you work them, you’ll never get
them back, so make the most of them. Stated another
way, be compensated as much as possible for the time that
you’re spending for your employer.
3. Evaluate your current situation. There
are a lot of different things factored into this evaluation. Before
you start, though, keep in mind there are some forms of compensation
that are pretty much standard for all companies. These
forms (in addition, of course, to salary) include health insurance,
life insurance, 401k plans and/or other retirement options,
incentive plans, profit sharing, and performance bonuses, as
well as what are called “convenience benefits,” which
I’ll discuss more in depth below. And that’s
not all. You should also expect to receive regular evaluations
and consistent feedback on the quality of your work and honest
and fair treatment from your employer. These last two
points aren’t often viewed as forms of compensation,
but those employees who aren’t receiving them might beg
to differ.
Now compare and contrast this list of
benefits against what you currently receive at your present
employer. Are you
being compensated the way you should be? Perhaps you
don’t really know how well your employer stacks up against
the industry norm, especially in terms of salary. If
that’s the case, I’d be happy to provide you with
information regarding the forms of compensation (as well as
the levels) you should expect at your current position and
at this stage of your career. You can email any questions
you have to dan@consearch.com.
4. Compensation other than money. In
this day and age, there are other perks associated with a job
besides money. In fact, in many instances, money can
be as low as second or third on an employee’s list of
priorities. For some people, though, money is the
most important form of compensation. For others, like
working parents, flex time is more crucial. Or perhaps
you value a certain company culture over another. Some
companies even provide legal counseling for their employees,
a fitness center, and an on-site oil changing service. These “convenience
benefits” can help to reduce employee stress and make
workers more productive, loyal, and satisfied.
Whatever they might be, it’s important for you to ascertain
which forms of compensation are the most important to you and
then rank them in appropriate order. If you don’t
conduct this internal inventory, it will be more difficult
for you to convey to an employer what compensation will be
required in order to secure your services.
5. If you aren’t taking
care of you, nobody probably is. This is a harsh reality, but
it’s true. It’s the goal of many companies
to acquire the best talent possible at the smallest cost
possible. (And from a business point of view, can you
really blame them?) What that means is this: you’re
ultimately responsible for going after a compensation package
commensurate with your worth.
Workers who believe they are being compensated
for what they’re
worth (in whatever form that compensation may take) are often
those who are the most satisfied with their employment situation. If
you believe you’re not being compensated for what you’re
worth, take the steps above to help get you where you want
to be. As I mentioned earlier, if you have any specific
questions, I’d be happy to answer them for you. Just
send me an email at dan@consearch.com.
Happy Birthday to Us!
This month marks the one-year anniversary of
the Animal
Science Monitor newsletter. We would like to thank
all of you who have been loyal readers of our publication,
especially those who have taken the time to write us with your
comments and suggestions. Your feedback is very important
to us, as it is our main goal to produce a newsletter that
meets the needs of our readership. With that in mind,
we encourage you to provide feedback regarding the ASM during
its first year of existence. What things did you like,
and what things did you not like? We’d like to
know your thoughts. Please email any feedback you might
have to matt@mattdeutsch.com.
New Opportunities for a New Year
(By Matt Deutsch)
Are you completely satisfied with your job?
That’s a rather straightforward question, but also a
very relevant one since 2006 is rapidly approaching. A
new year brings with it allusions to a fresh beginning and
a clean slate. (What New Year’s Resolution have
you made?) That clean slate can certainly apply to your
current employment situation, or perhaps more appropriately,
the quest for your ideal employment
situation.
There are two aspects of the current economy that have proven
themselves to be true: 1. There are many people
in the workforce right now who are unhappy with their present
positions, and 2. There are exciting and attractive
opportunities that exist. Unfortunately, the first aspect
is the one that is often all too evident, and the second one
might appear hidden to the layman’s eye.
‘Hidden,’ but not
invisible
So how do you find these “hidden” opportunities? The
tricky part is that these opportunities, especially the premium
ones, are not distributed through the usual media outlets. By
usual media outlets, I mean the classified ads in a newspaper
(including the online version of the paper) or the open positions
that are listed in professional journals. And when utilizing
an online job board to help conduct your career search, remember
that choosing a specialized site is often more effective. A
lot of time and energy can be wasted with a larger, more general
site. As a result, consistently checking a specialized
board like the one that exists at www.animalsciencejobs.com can
help you to find positions that are more on target with what
you’re seeking.
We’ve advocated the importance
of networking before in The Animal Science Monitor,
and its importance bears repeating. In order to discover employment opportunities
that are below the radar, so to speak, creating and maintaining
a network of contacts is essential. These contacts include
previous co-workers, college professors, and friends who already
work in the industry. Keeping in touch with these people
on a regular basis and inquiring about possible openings and
opportunities will help you to maximize the ultimate effectiveness
of your search.
In addition to your regular networking,
don’t forget
to touch base with somebody who’s in the trenches day
in and day out and knows your industry thoroughly. That
somebody is an executive recruiter. The owners and publishers
of the Animal Science Monitor, Dan Simmons
of Continental Search & Outplacement, Inc., and Don
Hunter of Bay Resource Group, are two recruiters with
a combined total of 23 years of experience. Dan and Don
have enjoyed considerable success placing candidates in positions
ranging across a wide variety of fields and disciplines, including
the Animal Science industry.
By way of illustration
So why exactly should you align yourself with a recruiter? What
scenario might pop up that would necessitate such a relationship? The
problem is that most candidates aren’t even aware of
how companies approach filling their top positions. As
a result, they’re not aware of how a recruiter can help
introduce them to exciting new opportunities. Below is
a sample scenario that illustrates the importance of aligning
yourself with an executive recruiter.
“XYZ Company, one of the top companies in its industry,
is about to institute a change in its ranks, a restructuring
that will require the hiring of between three and five new
employees. But XYZ doesn’t want to attract a lot
of attention, both outside the company or within it, until
the time is right. They certainly don’t want to
deal with a flood of resumes (many of them unqualified) that
advertising the position through traditional media outlets
would bring. However, XYZ has worked with a particular
recruiter for a number of years, a recruiter who always seems
to find the right candidates for their open positions. XYZ
company doesn’t hesitate to give that recruiter the job
orders for its upcoming open positions. The company’s
hiring officials know that the recruiter will not only conduct
a professional and low-profile search, they’ll also find
highly qualified candidates in a timely fashion.”
In the scenario above, if you weren’t
aligned with that recruiter (i.e., have forwarded your resume to that
recruiter), what chance would you have of interviewing
for those positions? Not a very good one. In fact,
by the time you found out they even existed, they might already
be filled. Companies engage in this type of hiring practice
all the time, unbeknownst to most candidates. But recruiters
just like Dan and Don can help expose you to opportunities
that you don’t even realize exist or are about to exist. Recruiters
have spheres of influence with industry and company executives,
and as a result they have the power to promote you to hiring
managers. In a sense, being presented to a company by
a recruiter is like coming with a credible endorsement before
you’ve even had your first interview.
New opportunities—for free!
And the best part of all? A recruiter will provide this
service at absolutely no charge to candidates. Once the
hire in finalized, the company always pays the recruiter’s
fee and it never affects your starting salary or any other
compensation, for that matter. When it comes to professional
athletes or high-profile models and entertainers, agents always
take their cut from their client’s pocket. In the
case of recruiting, the client is the company. Securing
a recruiter’s service won’t cost you a penny.
So, are you
completely satisfied with your job? If the answer is not a resounding “Yes!” then
perhaps you should consider making a move in the market. And
Dan and Don can help. Make sure that your resume is as
up-to-date as it can possibly be, and then email it to either dan@consearch.com or brg@charterinternet.com.
Make
2006 the year your career really takes off. |