Archives for 2013

Being a Non-profit CFO

Being finance chief at a nonprofit may be rewarding, but it’s not all sunshine and rainbows and saving the environment. Ask Sarah Gillman, CFO at the Natural Resources Defense Council. Gillman, former CFO at Save the Children and vice president for budget and financial planning at the Wildlife Conservation Society, has spent much of her career shepherding the finance departments at nonprofit organizations. She sat down with CFO to talk about how NRDC is hoping to grow, what it spends its money on, and how running finance at a nonprofit sometimes requires her to serve two masters. (…read more)

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Developing Humility as a Leader

Developing Humility as a Leader – Whether we’re looking at business or politics, sports or entertainment, it’s clear we live in an era of self-celebration. Fame is equated with success, and being self-referential has become the norm. As a result we are encouraged to pump ourselves full of alarming self-confidence. Bluster and the alpha instinct, contends Tomas Chamorro-Premuzic, professor of business psychology, often get mistaken for ability and effectiveness (at least for a while). It may well be why so many (incompetent) men rise ahead of women to leadership positions, as Chamorro-Premuzic argued in a recent HBR post.

Yes, we have scores of books, articles, and studies that warn us of the perils of hubris. The word comes from the Greek and means extreme pride and arrogance, generally indicating a loss of connection to reality brought about when those in power vastly overestimate their capabilities. And yes, many of us have also seen evidence that its opposite, humility, inspires loyalty, helps to build and sustain cohesive, productive team work, and decreases staff turnover. Jim Collins had a lot to say about CEOs he saw demonstrating modesty and leading quietly, not charismatically, in his 2001 bestseller Good to Great.

Yet the attribute of humility seems to be neglected in leadership development programs. And to the extent it is considered by managers rising through the ranks, it is often misunderstood. How can we change this?

First, let’s get a few things straight. Humility is not hospitality, courtesy, or a kind and friendly demeanor. Humility has nothing to do with being meek, weak, or indecisive. Perhaps more surprising, it does not entail shunning publicity. Organizations need people who get marketing, including self-marketing, to flourish and prosper. (read more…)

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Executives in Transition

Hey, CFO’s and all Executives in Transition: Don’t Be ‘That Guy’

Are you the type who communicates with recruiters only when you’re looking for a job? Take note: It may harm your career. An executive search professional, my role is to help client companies fill open positions. But I also get many calls and emails from senior financial officers who are looking for jobs. On rare occasions, serendipity intervenes and the person is actually a good fit for a current assignment. Otherwise, I try to help them as I can, usually with advice or networking support. I reserve Friday mornings for these job-seekers. It’s the right thing to do. (read more…)

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Avoid Resume Fraud

Avoid Resume Fraud

Avoid resume fraud (or the potential or the scrutiny that might come with suspicion of…).You may be lying on your résumé without realizing it. Don’t. “But if you are a [executive], you’re supposed to be this figure of knowledge, power and importance — someone who is going to be making strategic decisions about money and the way the company works. And it’s like, if you thought it was OK to lie about this, what else do you think it’s OK to lie about?”  (…read more)

 

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Hire Economics: The Workforce is Restless, but has Nowhere to Go

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The Workforce is Restless

Last week, the U.S. Department of Labor (DOL) reported that 162,000 new non-farm payroll jobs were created in July. To put this in perspective, the average since the beginning of the year was 192 thousand new jobs per month. This is a slight uptick from last year’s 182 thousand average of new jobs per month. As reported elsewhere, this is not enough job growth to reduce  (…read more)

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Convince Best Employees to Stay

Many of finance’s top performers plan to leave their jobs this year. Here’s how to buck the trend and convince best employees to stay

Half of all finance employees lack commitment to their current jobs, and the ones who are most likely to leave are the ones already meeting or exceeding expectations, including nearly one in three rated as high performers. At the same time, the vast majority of CFOs whom CEB surveyed as part of our Finance Talent research are already unhappy with the mix of finance talent at their disposal. They need to start doing a lot more to retain their best employees. (…read more)

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Survey Affordable Care Act

Employer Survey Affordable Care Act

From a recent survey, employers are prepared for The Affordable Care Act. “It appears that concerns about companies’ nationwide regarding (The Affordable Care Act) dropping health plans may have been premature.  Certainly, some companies will decide it is more economical to pay the penalties than provide healthcare, but for those that have been offering coverage voluntarily for many years, it is unlikely that the new law will prompt them to suddenly stop, ” said John A. Challenger, chief executive officer of Challenger, Gray & Christmas. (…read more)

 

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Hiring Rebound

(via Linkedin.com) Hiring Rebound Around the Corner?  Despite the gloomy news, economic and otherwise, there was a small bit of positive data from the US Department that hints at a big hiring pickup in the next few months. Their monthly JOLTS reports tracks total job openings, and the most recent report (April 12, 2013) indicated that the number of job postings in the public market has increased by over 300 thousand in February compared to January (see first graphic). This is the biggest increase in the past 15 months and the second biggest in the past three years.

This is big news since the JOLTS report is a strong predictor of monthly hiring in the next 2-3 months. As the demand for talent increases, job-seekers will have an easier time finding a job, with the talent hunters facing more challenges. (…more)

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Why I Won’t Be Reading Your Cover Letter

Is your cover letter ready to be sent out? Before you say yes, read this…

We had an open position we were trying to fill awhile back and I was amazed—or should I say appalled—at the blanket responses we received from job seekers. Potential candidates sent us cover letters describing experience they possessed that was completely irrelevant to our opening; it was the same as someone having a degree in veterinary medicine but seeking employment as an IT director.

Did these job seekers really think going on and on for paragraphs about irrelevant experience was going to make me want to read their resume—or even more so—interview them?

I think I understand the dilemma here: Truly active job seekers are sending out countless cover letters as quickly as humanly possible—probably exasperated by the sheer volume of applications they feel pressured to submit. It’s not a shot-in-the-dark game, people. Or a game of numbers.

I truly don’t believe it’s a situation where you have to submit 200 applications to receive two call-backs. What it comes down to is a matter of focus and relevancy. Can you make the correlation between your experience and career background and what the employer truly needs? I’ll give you a perfect example.   (…read more)

Courtesy:   Careerealism.com

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Made in the USA

Made in the USA

After years of offshore production, General Electric is moving much of its far-flung appliance-manufacturing operations back home. It is not alone. An exploration of the startling, sustainable, just-getting-started return of industry to the United States.

The Insourcing Boom – The Atlantic.

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