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Hop or Not?

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There are many rewards and risks in job hopping, just as there can be lots of rewards and risks in a decision to stay with a current company. But they are not necessarily the same.  Should you job hop or not?

First, let’s understand why job-hopping has been and still is in vogue. Prior to the 1970s, large and medium sized companies were often considered to be paternalistic toward to their employees, to the latter’s delight, and employees often had a “job-for-life” approach to joining a company. Job security was a prominent reason, while job satisfaction, compensation and benefits vied for second place. By the 1970s, in part due to the Vietnam war, which brought into question the honesty and loyalty of big government and large companies, the olden days’ paternalistic scenarios began to break down, as did other factors: the demise of pension plans, large scale lay-offs in many companies in the chase for stock values, efficiency goals, cost-per-unit, and outsourcing of jobs overseas…and it continues to this day.

Fast forward to 2017. Job hoppers are viewed warily by some hiring managers, though they are embraced by others because they are considered to be adaptable, have seen a range of company sizes and approaches (perhaps even those of your competitors!), and have a larger network of contacts. And hiring managers, take note: millennials change jobs, on average, every 18-24 months, so this trend has no sign of slowing down.

What are the risks and rewards of job hopping?

  • Money:
    • Reward: The reward part seems obvious here! If your current salary/bonus/commission are below market, and your current firm is not willing to bring you up to an equitable rate, it may be time to start looking elsewhere.
    • Risk: Job-hopping for compensation alone is a losing battle. You might get the compensation you want, but not have all the positive attributes your current job provides. Be sure to also factor in your total compensation.       Beyond base salary, bonus, and commission (if applicable), how do benefits match up? Differences in health, dental, 401(k), stock options, vacation, sick time, commuting costs and the like add up, and that pay increase may actually cost you in the long run.
  • Fit with the company culture and mission/vision:
    • Reward: Finding a job with an organization with a strong culture, and with a product or service you really stand behind, or a nonprofit with a mission that you believe in with your heart and soul can be a magical thing.
    • Risk: The “magic” may make you overlook some other key things, like fit with the actual job or chemistry with your manager and colleagues. Be sure to dig deep to ensure that you are not taking the wrong job with the right organization.
  • Increased job satisfaction/more interesting work:
    • Reward: It is a great feeling to have work that satisfies you. Moving for even more satisfaction can help you to grow your skills and hone your craft. Another option: if you are the type who bores easily, you may want to consider joining the “gig economy” and look at doing consulting, where you can work on a project basis and do all kinds of different and interesting work.
    • Risk: If you are really, truly disinterested in the work you are doing, think long and hard about it. Is it really the current job, or is it the work itself? If it is the actual work, maybe you are ready for a larger-scale career change. Going someplace else may be a temporary fix, and once the novelty wears off, you may find yourself bored again. If your intuition tells you this may be the case, take a breather to figure out what type of work will fulfill you longer term.
  • Advancement opportunities:
    • Reward: Feeling like you can grow in your career is something that most people find to be essential, but sometimes you do have to go outside to make a move up.
    • Risk: If a better title is your primary motivator, make sure this career move ^^ is going to check some of the other boxes too…or accept that it may literally be a move JUST for a better title.       Also, consider talking to your current manager. Are there ways to advance within your current role by taking on new projects and honing specific skills?
  • A great manager/team:
    • Reward: Let’s suppose that the best manager you ever worked for calls you and asks that you come to his or her new company to work for them. Added bonus? Some of your favorite colleagues will also be joining the team. Or, suppose that you interview and the hiring manager is dynamic, smart, and easy to get along with, and the team members you met with seem committed, happy, and interesting. Ready to sign on the dotted line? I don’t blame you. Chemistry with your boss and colleagues can be a great thing.
    • Risk: In the case of following a manager to a new role, the risk is that you get there and the manager leaves, be it due to personal choice, layoff, his/her promotion, or restructuring. Or, in the case of joining a new manager, that person who seemed so great is…not so great. Do your research to see who your new boss and team are and what they are all about.
  • A startup that you think will take off in a major way:
    • Reward: Working at a startup can be rewarding on many levels. As it grows, your opportunity to take on more responsibility and learn multiple parts of the business will be there. If it takes off, it may result in a wealth event for both the company and you, especially if you can get equity early on.
    • Risk: Do your research on the market that the startup focuses on and the viability of their value proposition. Ask about funding sources, benefits, and if the founders are looking to grow the company, or are ultimately hoping to sell it…because you could end up working for another firm or find yourself out of a job if that happens!

All in all, job-hopping is a bet – but recent statistics show that most professionals will change jobs 9-10 times or more over their working life. Identifying the risks and mitigating them will help you be successful, whether you hop or not.

 

Cindy Joyce is the CEO of Pillar Search and HR Consulting.  With personalized service and proven results, Pillar Search and HR Consulting provides retained executive search and recruiting services as well as human resources consulting to for exceptional nonprofits and socially responsible for-profit organizations.  To learn more, please visit www.pillarsearch.com.

 

 

 

career advice, hr boston, human resources boston, human resources consultant boston, human resources consulting boston

It Takes a Village to Raise a Career

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In the 1990s, Hillary Clinton released the book It Takes a Village: And Other Lessons Children Teach Us.  The premise of the book is that many individuals/entities have a responsibility for raising children: parents, family, teachers, employers, religious organizations, nonprofits, government, and others.

I know of two friends who are currently in job search mode, and it got me thinking that it takes a village when in a job search. One is currently employed, and the other just learned that their job is being eliminated. Both have reached out to people in their “village” as they start their searches: personal, professional, and LinkedIn networks, executive search consultants, professional membership organizations related to their fields, and current/former colleagues. In the case of the friend being laid off, his package includes services with a well-regarded outplacement firm, so he has that resource as well.

Each part of the village in your career trajectory is crucial, and it is important to maintain these connections in good times and in bad. The village offers continuous encouragement, open and honest feedback, and inspiration.

Now, take a look at your career village. Whether you are content in your job or actively looking, is there an area where you could strengthen those connections? Make it a point this week to add connections to your LinkedIn network, reconnect with a former manager or colleague that you have lost touch with, or get involved in a professional organization for people in your field…because while it takes a village, Rome was not built in a day!

Hire the best!  With personalized service and proven results, Pillar Search & HR Consulting provides retained executive search services and human resources consulting for exceptional non-profits and socially responsible for-profit firms. A woman-owned business, Pillar is based in Boston, MA, and works on the national level. To learn more about how Pillar can assist with your hiring and human resources needs, please contact Cindy Joyce at cindy@pillarsearch.com.

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They’re Just Not That Into You

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Breaking up is hard to do. The old song is as true for romantic relationships as it is for candidates interviewing for a plum role with a great company. Even if it is a brief courting period/interview process, you have invested time, energy and significant effort. You’ve started getting excited for the future. And then, suddenly, you find that the feelings are not reciprocated.  The hiring manager or recruiter delivers the bad news, with something like “we’re moving in a different direction“, or “we’ve filled the position internally”, otherwise known as “It’s not you, it’s me” message. In rare cases, you’ll actually find out it was you and get some meaningful feedback. Either way, it’s clear, what you thought was the beginning of a meaningful, long term relationship is over, done, caput, finished. Time to take a breath and exit nicely, else you scorch the earth by becoming the stage five clinger* candidate.

I am an Executive Recruiter who works on high level searches for my clients, and have to let candidates know of tough decisions in the recruiting process on a regular basis. Very recently, I have had two candidates in separate searches who handled the news of “the breakup” quite differently.

The first candidate, who we will call Jack**, interviewed with me for a role with Company A. I liked Jack’s skills and experience, and believed that he could be a fit for the role. I presented him to my client, who did a phone interview with him. The feedback was that he had highly relevant experience, but came across as arrogant, talked over the client throughout the interview, and spoke ill of former coworkers (all things he did not display in his interview with me). The client, understandably, felt that this was not the best fit for their culture. When I called Jack to explain, he went ballistic. He told me that the client and I did not know what we were doing, he would find someone more important than us at the organization who would understand how great he was, and that the client did not give him enough time to explain his experience. A few days later, he sent a scathing email to the client. Five paragraphs of how we had made an egregious mistake by not hiring him. Thankfully, my client and I have an open and honest relationship, and she forwarded it to me. How embarrassing for me and how uncomfortable for my client. We decided to go ahead and hire him. I kid! We clearly are moving on to candidates who are a better fit for the job and the organization.

I was then understandably gun shy when I had to share news with a candidate interviewing with another client, Company B. They had decided to move forward with other candidates. This candidate, who we will call Sonny***, interviewed for a role of a similar level as Jack had with my other client. When I called him, he listened, asked for feedback, and though I could hear the surprise in his voice at the news and he was quieter than usual, he thanked me for the consideration. Within an hour, he emailed me to say that he was sorry if he seemed short with me. He had been surprised by the news, but upon reflection understood the client’s decision and wished them well. He further thanked me for the feedback, and said that it was great working with me and he hoped that we would have a chance to work together again.

Regardless of the reasoning, shock and bruised feelings are inevitable when someone finds out that they are not “the one”, and there will be a period of mourning while the dreams and excitement of the future fade away. The difference between Jack and Sonny is obvious. One burned a bridge, and one was a true professional, which left a lasting positive impression. Guess who I will call to play matchmaker for the next time I have a great catch of a job?

 

*Thank you, Wedding Crashers, for this gem!

**Name has been changed to protect the guilty

***Name has been changed to protect the rock star candidate who handled the situation with elegance and grace.

 

Cindy Joyce is the CEO of Pillar Search & HR Consulting. With over 20 years of experience, Pillar provides national retained search services for exceptional non-profits and foundations and early-stage or rapid growth for-profit firms. All share the characteristic of desiring top talent who want an occupassion, not just an occupation.     In addition, Pillar offers human resources consulting services, which was born of clients requesting help on projects beyond executive search, and includes leadership coaching, human resources audits, handbooks, assessing organizational design, training, team building, and employee communications. A woman-owned business, Pillar is based in Boston, MA, and works on both a local and national level. For more information, please visit www.pillarsearch.com.