EditorialsBy Matt Bud, Chairman, The FENG

When the newsletter thins

From our daily member newsletter on November 30, 2017

I realize that on days when the newsletter thins, there is the temptation to “click and shoot” all of the remotely possible postings that appear. Please don’t. One of the core values of The FENG is that we don’t respond to postings unless we are a good fit. Very simply put, if you wouldn’t hire you for the job, resist the temptation to buy a lottery ticket and submit your credentials. The thing to keep in mind when there are lots of folks out of work is that any posting that has specific requirements (beyond your having a pulse) is going to get lots and lots of appropriate responses. The role of the recruiter is to identify those candidates who [ Read more… ]

The illusion of trust

From our daily member newsletter on November 29, 2017

It is always difficult to explain why you trust someone. In our daily encounters, out in the world we come across all kinds of folks. Most of the individuals we do business with on a daily basis don’t have to be our friends, and the nature of the exchanges we have with them don’t even require that we trust them. As an example: purchasing gas. As long as we can bring ourselves to trust the gas station attendant not to pour the gas into the back seat of our car, there isn’t really much at risk. And, since we probably put this exchange on our credit card, there is no possibility that the value received isn’t the amount we paid. [ Read more… ]

Are you skipping ahead to the leads?

From our daily member newsletter on November 28, 2017

I sometimes wish I didn’t publish job leads at all. I know this is shocking for someone who is sending out a newsletter full of job leads, but it is the truth. Our newsletter contains a wealth of information as do our membership directories. For those of you determined to never learn anything about the job search process, I would suggest you conduct a passive job search and only read the leads. For the rest of you, may I suggest that you read my editorial, the Good News Announcements and Members in Need of Assistance, as well as the additional editorial material that I include in every newsletter and then IF you have time, read the job leads. (By the [ Read more… ]

What happened?

From our daily member newsletter on November 27, 2017

One of the most difficult questions one is almost required to answer is why we left our last job. Being a little bit of a wise guy, my inclination is to say “They stopped paying me.” Or, in the alternate, “When they changed the locks on my office and had security escort me out to the street, I thought it best not to come back.” Okay, you can’t really use these lines in an interview, unless of course you are really good at comedy. The problem with the question is that it is at once a silly question, an unfair question, and a difficult question, especially for us financial types who are used to providing incredible detail in any situation [ Read more… ]

Money is important

From our daily member newsletter on November 26, 2017

When it comes to deciding if someone is a fit for a particular position, industry experience and candidates current locations are often the first criteria that employers consider when weeding out applicants. After these first two issues appear to be satisfactory, the next point of focus is your recent work history. What have you done in the last ten years that is applicable to the job in question? Much of this kind of information can be quickly gleaned from a resume and is often followed up by a telephone interview. Whether the call is from a contingency or retained recruiter, or even from a corporate recruiter, the last point on the check list is usually money. Let’s be honest, money [ Read more… ]

Thanksgiving

From our daily member newsletter on November 21, 2017

Over the next few days, the instant communications that dominate our lives in the form of phone calls, emails and texts should dissipate a bit. I hope you will take the time for a little thoughtful contemplation. Although Thursday will most likely be totally tied up with family and friends, the rest of the weekend should allow you some time to clean your desk, finish that book that has been sitting on your night table, and who knows what else you might think of to relax. (Don’t get involved in any Black Friday shopping.) When it gets really quiet, take a few hours to think about your life and where it is going. After all, it won’t be too long [ Read more… ]

Paint a smile on your face

From our daily member newsletter on November 20, 2017

As we all blast out of our day to day lives to attend or host Thanksgiving celebrations later this week, keep in mind that whether or not you REALLY are down on your luck, it never helps to let others know it. While there are those who I greatly respect who out of the kindness of their hearts work at soup kitchens for the poor, as a general rule “woe is me” is not a good networking approach. As a member of The FENG, you are anything but down on your luck. You are part of the largest networking group for senior financial executives in the ENTIRE world. And if that doesn’t make you proud, I don’t know what might. [ Read more… ]

Mastering technology

From our daily member newsletter on November 19, 2017

This is probably just a lucky guess on my part, but I have the very real sense that the high technology tools we have to conduct a job search are here to stay. (To quote Larry King, “High technology, what will they think of next?”) Friends, Al Gore invented the Internet a long time ago. And, even if the Federal Government declares it to be a public utility, chances are good that you would benefit significantly by developing a mastery of its many intricacies. And, to bring you back to the beginning of time itself, I’ve had a computer in my office since the early 1980’s! Should I mention cell phones? It is honestly high time that all of you [ Read more… ]

Weather forecasting

From our daily member newsletter on November 16, 2017

Ever the wise sailor, I always (well, almost always) check the weather forecast before heading down to the boat to go out for the day. This may or may not be a valuable activity. My wife jokes that in her next life she wants to be a weather forecaster. They never have to be right and they still get paid. I have to agree that they are frequently wrong, and sometimes I have taken their prognostications to heart and they have caused me to miss a perfectly good sailing day. (As you may know, the sailing season is very short – it is less than 52 weeks per year, so I hate to miss even one day.) There is also [ Read more… ]

What makes The FENG unusual?

From our daily member newsletter on November 15, 2017

Several years ago I spent an evening out with an old friend of mine who previously had been in the search business. He is a very special friend. We first met in 1977 when I was Business Manager for CBS College Publishing and we have been close friends ever since. Since he lived nearby, our families also had the opportunity to bond as well. He was instrumental in my career development in that he made a point of getting me invited to leadership meetings that I am sure I would not otherwise have attended. When I was out of work in 1991 and 1992 he was in the outplacement business and as a courtesy provided me with a place to [ Read more… ]

Please, give me a hint

From our daily member newsletter on November 14, 2017

Every once in a while I get an assignment for The FECG that draws more than its fair share of attention. I think our all time high a few years ago was an assignment that drew 225 responses. However, even when you get an assignment that draws more than say 40 responses, it can get a little difficult to see the forest for the trees. And, with all that talent to choose from, those who provide the clearest presentation of their credentials are the ones we are most likely to send to our client for consideration. To be very honest, it’s hard to justify forcing our client to “read between the lines” when you have so many better submissions. Here [ Read more… ]

Email cover notes

From our daily member newsletter on November 13, 2017

Based on the email cover notes I see, I’m not sure we have all made the transition from messages sent in envelopes to those sent by email. Personally, I have always found electronic files to be maddening, especially very highly developed Excel spreadsheets. Adopting naming conventions so that you can be clear which version of a file was the latest one, used to and still does drive me crazy at times. And, as you can imagine, I’m a pretty organized guy. Purging files from your computer can also be unnerving because when it’s gone, it’s gone. The problem in a nutshell (Help, I’m locked in a nutshell!) is that reviewing the files on your computer by opening them is like [ Read more… ]

Picking a restaurant

From our daily member newsletter on November 12, 2017

People who know that my wife and I are into sailing often ask us what we most enjoy making for dinner when we are on the boat. My standard response is reservations. The hard part is, of course, picking the restaurant. Are we in the mood for Mexican food, Pizza, French, Italian, or Chinese? Fortunately for us, although you can’t always tell by the name of the restaurant what they serve, all restaurants have enough common sense to stake out their areas of expertise when being listed in the telephone book, or in the many local brochures available at our favorite harbors. No restaurant would consider keeping their area of expertise a secret. It just wouldn’t be good for business. [ Read more… ]

Staying close to home

From our daily member newsletter on November 9, 2017

With the holiday season coming up fast, it is perhaps the time to repeat the simple advice that now is the time to be out and about making phone calls and trying to get in to see people. One of the great misunderstandings about networking is that things slow down during the holidays. Nothing could be further from the truth. Sure there are those who will be taking vacation time, but most road warriors greatly reduce their travel schedule and stay close to home. There are inevitable parties and social events that require their attendance, and being out of town would just be a bad idea if they plan to stay on speaking terms with their families and friends. For [ Read more… ]

Reinventing yourself

From our daily member newsletter on November 8, 2017

Much as I hate using cliché phrases as the one above, I don’t really know if there is a better one to describe the process of self-examination that is required when faced with looking for another “work opportunity.” (I call them work opportunities instead of jobs, because they don’t generally last long enough these days to be dignified with that “job” label.) Of course, I should preface my comments with the very obvious fact that changing industries or professions in any job market is very difficult. There are plenty of folks who are “local candidates,” or from the required industry. Competing against them in any sense isn’t an even contest, but competing rarely is as much fun as folks make [ Read more… ]

The competition is fierce

From our daily member newsletter on November 7, 2017

No one ever said it would be easy. And, when it comes to finding a job after the age of 40, it can easily become a demoralizing situation. For those of us who are even older, like in our 50’s or 60’s, it can be extremely difficult. Let me start you out with the idea that you are no longer the least expensive product out on the market. You bring a wealth of experience to the party, and those on the other side of the desk feel obligated to pay more to you than for someone earlier in their career should they decide to hire you. It’s true, of course, that they should pay more, but what is often missed [ Read more… ]

Hard won personal relationships

From our daily member newsletter on November 6, 2017

The world is actually built on a series of personal relationships. The truth of this statement was brought home to me many times during my near decade in the Advertising business, and subsequent to that from my experiences during my job search in trying to get to know people in the Venture Capital and Search business. It is hard to get people to trust you when their income depends on who they introduce to whom. From 1997 to just before the recession that began in 2001, I worked the search community one recruiter at a time to sell The FENG as a resource. Unfortunately, recruiters don’t talk much to each other. And, even within firms, they pretty much run an [ Read more… ]

Networking, networking, networking

From our daily member newsletter on November 5, 2017

For those of you who are new to networking and for those of you who think you know everything about networking, I thought I would take tonight’s editorial space to distinguish for you the 3 kinds of networking. (And, no, I won’t have a Rick Perry brain freeze on the 3rd one.) The first kind of networking is identifying new networking contacts. The recommended way to do this at networking meetings of all kinds is to introduce yourself to people you don’t know. Remember, strangers are only friends you haven’t met. It really is pretty painless. You just say: “Hi, I’m Matt Bud.” (Be sure to use your name and not mine.) Step two of this is to ask a [ Read more… ]

A lifetime commitment

From our daily member newsletter on November 3, 2017

It is in some ways a shame that the idea of networking has gotten itself so tightly connected to job search. One of the reasons that I call members who have found new jobs is to remind them to continue networking. Sad to say that many people allow themselves to get so absorbed in their new jobs that they get disconnected from their network. I often refer to The FENG as a circle of friends. I also refer to those with whom you have the most in common and with whom you should stay in contact as your “inner circle of friends.” However, to describe it as “your very own insurance policy” puts it in the context of job search, [ Read more… ]

Developing a thick skin

From our daily member newsletter on November 1, 2017

It has often been said that I am a sensitive guy. I don’t think anyone who does what I do as a volunteer could be characterized as anything different. Still, when it comes to job search, being sensitive probably isn’t a good thing. You know the golden rule: “Do unto others as you would have others do unto you.” When I was looking for work during 1991-1992 (yes, two long years), it seemed as if not many folks in the world were aware of this idea. After many successful years in business always returning the phone calls of others, I found mine going unanswered. And, the same thing was true about responses to my many letters. Primarily silence on both [ Read more… ]

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