EXECUTIVE JOB SEARCH IN A RECESSION MADE EASY
GET TO KNOW WHO YOU KNOW
Executive jobs are hard to find in the best of times; and executive job search in a recession is daunting. Most executives have been so heads-down working long hours that when it is time to look for a job, they are bewildered at whom to call, who may be hiring and how to compete.
Many, to their profound disappointment, find their first response is to head directly to the $100,000 job boards. Others just flounder. As an alternative, executive jobs can be found by asking the right people the right question. Too obvious? I have worked with executives in pursuit of a job for two decades, trust me when I say, it is not always that apparent to someone panicked by pending unemployment.
Let’s get to the point. Most executive jobs are not posted in the newspaper or other media. They are filled, primarily, by word of mouth especially during a recession because employers want to avoid the risk of hiring someone no one in their circle knows. Your job is to find out who is spreading the word.
Take for instance your current or most recent employer. All the people who use to work for you are connections to possible leads. All the people to whom you reported are absolutely resources to call on for leads and introductions to others who can tell you about jobs.
And the most often missed, whether you are a Director or CEO, is the Board of Directors and the Investors. They are the richest resource for new opportunities if you get on their radar. These people know you, perhaps not the day to day work you did, but they do know the results. And unless you were fired for cause, they have a vested interest in giving you an assist. It is good PR and more importantly, especially the investors, these executives are always looking for excellent talent with whom to seed other companies on whose Boards they sit.
They are connected to a world of companies, not just your employer. Leverage that connection and research all the other companies with which each Board Member and Investor is affiliated. You will be surprised to see how long that list is. So take heart, you know more people than you think.
OK, it sounds easier than it is. Especially at a time when your most important asset, your self confidence is flagging. That’s when you need the support of a job search coach.
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