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Executive Career Management

There are federal employment laws which impact your executive career. When professionals and executives transition in or out of a company, there is a myriad of issues to consider. Compensation, severance, benefits, retirement accounts, non-compete clauses, discrimination, and other legal rights are being negotiated and can dramatically affect your career.

Employment Law

Interpersonal relationships are the greatest challenge for leaders in business, especially for those in senior executive management positions. As a leader you must prepare to operate across many racial, social and generational lines, and accommodate multiple working styles. Each situation, team and organization requires a specific approach. Gain a competitive edge in leadership positions by following the 6 critical steps outlined below by Adriana Prates, president and founder of AESC firm, Dasein.
 
When the job market gets gloomy we ponder about other options to keep ourselves gainfully engaged. To those who have been out-placed (with or without due compensations) one of the thoughts that quickly occur is ‘Why not consult until I find the next right job?’ It is an exciting option provided we are absolutely prepared and clear about what we are getting into. There are always the not-so-obvious points to consider before plunging in. This article will discuss the concept of assignment-based partnering – that is, offering to collaborate and form teams with other consultants or consulting organizations on short and mid term assignments.

Maintaining existing relationships is as important as building new ones. It is easy to prioritize exciting new contacts made within your target industries or organizations, while neglecting those important long-term relationships. However, the contacts that will help you the most, especially during an executive job search, are those that you nurture and maintain.

BlueSteps recently released a guide on retained executive search to all our members, featuring advice on how to best work with search consultants and how to develop your network to include relevant executive recruiters. Read on for our expert advice, and a selection of our top tips:

1. Know the executive recruitment market – ask search consultants in your network to comment on your industry marketplace and learn from their outlook – which areas are performing well? Can your skills transfer to these areas? All BlueSteps members receive worldwide executive search industry reports from the Association of Executive Search Consultants (AESC), with access to search industry expert speeches and panels.

2. Become a Source - Don't forget to offer yourself as a source to AESC search consultants if they call and offer any contacts you think will be useful to complete their search. This is the best way to provide a two-way networking process with search professionals.
I have seen many discussions and articles published recently that debate whether organizations prefer to hire internal or external executive job candidates. From my reading, I have found that many senior executives believe there is an overwhelming preference for the external candidate. Although the question of preference varies across geographical, organizational and individual circumstances - to offer a generalized answer would avoid the complexity involved in every hire - I would like to offer some hope to any senior executive who feels they cannot progress internally.

Internal Hiring Happens All the Time

Whether we are talking about going back to school or a looking for a new executive job, the question is, “should you always go for the highest ranking university or the most prestigious corporation?” Back in my parents’ day in China, all high school students took countrywide exams, the results of which determined university admissions. The higher one’s score, the more prestigious the school one attended. The ranking of each university as well as the scores of every student were known and matched so that the best performers went to the best schools.

I recently came across a great interview by Computer Weekly with Cathy Holley, a partner at AESC member retained executive search firm, Boyden. In this video interview, Holley outlines what clients are looking for when recruiting top senior executives for CIO positions.
Although the economy is still in the early stage of recovery, the return to improved levels of employment is at a snail's pace. Unemployment is more than 10% in the US and rising in nations around the world. Many of these executives in transition could use a helping hand from those luckily enough to not have been effected by the recession. This phenomena or moral obligation is what I call "Pay it Back" and "Pay it Forward."