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These two news stories below from Inc. Magazine and the New York Times underscore the recurring economic themes that I have been blogging and writing about e.g. globalization and new technology.  

This is not a passing phenomena but rather a sea change in how, where, and what the next generation does with their careers. 

If they can't make it here then they will go elsewhere, anywhere, everywhere there is opportunity. This pattern will follow them as they mature in their careers. They will continue to follow opportunities across borders. 

And if the corporate entities are hiring fewer people and driving existing employees harder, then it is a good idea to take an entrepreneurial path and work hard for yourself.  Not surprisingly, the two combine where entrepreneurship has a global reach and the upcoming generations under 50 are driving their own destinies worldwide.  

New Grads Seek Startup Opportunities reads the story from Inc Magazine: Several new programs are trying to expand entrepreneurship opportunities and training for recent college graduates. In a tight job market, recent college graduates are finding more opportunities to tap into their inner entrepreneur, according to USA Today. Even with corporations planning to hire 10% more college grads this year than last, a Pew Research Center report found that just over half of 18- to 24-year-olds had employment, the paper reports. That’s the lowest rate since 1948.

As a result, more new grads are looking at business plan competitions and start-up initiatives. A nonprofit organization called Venture for America—modeled after the better-known Teach for America—recruited about 45 college graduates to work with small start-ups in lower-cost cities for two years, starting in June. The group’s big goal: to create 100,000 jobs by 2025.


And then...

Many US Immigrant Children Seek American Dream Abroad according to this NY Times article. The story goes on to say:  In growing numbers, experts say, highly educated children of immigrants to the United States are uprooting themselves and moving to their ancestral countries. They are embracing homelands that their parents once spurned but that are now economic powers........Enterprising Americans have always sought opportunities abroad. But this new wave underscores the evolving nature of global migration, and the challenges to American economic supremacy and competitiveness. 
 

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Companies may be hiring more now in some sectors as the economy continues to recover but they are still running lean. People inside of organizations, happy to be employed, are working hard...very hard indeed just to keep their situation.

I delivered a webinar today to UCLA entitled Digital You. It was about using three key online tools that combined together would give any executive or professional an edge in the competition to be seen and heard. 

Someone reminded me that five years ago I was passionate about being on Linkedin.com and now I was telling people to move on to other sites and tools. They asked, "Why was that?" I explained using the analogy of the Red Queen in Through the Looking Glass telling Alice as they were running that in order to get anywhere they had to run twice as fast.  

Technology is like that.  What's new today will be used by everybody in 4 years or less. Everybody (reaching for 200M) is on Linkedin.com now and that's a good thing for networking but not for personal branding. Linkedin is a template-based site as is VisualCV and they have you fill in their blanks. You end up looking just like everybody else. I described it as an online MBA resume book. Good people look at it but you can get lost in the shuffle. You are running, so to speak, to stay in the same place.

Using new tools like personal profiles (flavors.me, about.me/pattiwilson ), personal presentations (sliderocket.com) and personal pages using website builders gets you moving twice as fast as others vying with you for visibility, eye-balls, and market share online.  I personally use Weebly but there are others that are great too ( here is Wikipedia's list of top website builders).  

Is this more work? Sure. Do you want your career to continue until you retire? Then run twice as fast to get somewhere and keep doing it. The good of all this is that once it is in place the only maintenance you do is blogging or updating when you change positions, write articles, are interviewed by Wall Street Journal or other notable events worth capturing ongoing. 

There is a downside. One person asked at the end if this required that you have a very clear, defined, well-positioned brand, value proposition and career target. Yes, it does and that's is the most difficult part actually. Once you have clearly defined yourself the content, images, and look all falls into place.  My mentor, Richard Bolles author of What Color is Your Parachute said, in describing this process, "this is the hard part. This is where you have to think, people"... and run faster.



 
 
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Despite four years since the global crash and 9+ since Linkedin was born, many executives and professionals haven't grasped the full impact of a reset economy and the Internet on a job hunt.

Here are some the most common ill conceived notions that I hear:

1. Being on Linkedin will bring job opportunities to you.
There is a common belief that if you build your profile, then the recruiters will flock to you. Well, most likely, your Linkedin profile will give you a boost on Google ranking in a name search.

Solution: The big value of Linkedin is the access you get to networking in 50 groups and 50 subgroups. Rather than waiting to be found, build your Linkedin connections into thousands for ongoing leverage. 

2. I customize my resume for every position and opening.
Good luck with this one because they will all have to synch your one Linkedin profile. For that matter, all your profiles on Viadeo, Xing, Linkedin, Orkut, etc should all deliver the same message about you.

Solution: Focus your search target on one or two overlapping business domains. Gear all your branding and positioning of yourself around those sectors.

3. The search firms don't get back to me or they have nothing for me.
Search firms more than ever are working to find the perfect fit for their client companies. Given that their business is down by more than half since the crash, the demand of top talent continues to exceed supply. Unless you exactly fit their requirements, you will find no opportunities forthcoming from them.

Solution: Using search consultants and headhunters as a source of information about market trends and companies hiring would provide more fruitful results.

4. My continued outreach to my network is wearing out my welcome with them.
Don't use up your direct network by continuous asking for introductions to job openings. When those turn up empty, or as dead ends... and they mostly do... then your network is exhausted.

Solution: Double or triple your network by using your existing connections for introductions into their network. This grows a relevant source of contacts in your field without much effort.

5. My employer will suspect that I am looking if I am highly visible on the Internet.
I am still surprised by how much that concerns people when millions are on social networks now. Just do an advanced people search on Linkedin by your company and competitors. You will find more than you expect.

Solution: Get on the Internet with gusto because you only have to do it once. Put up profiles. Build a website and blog. Become visibly well branded and be done with it. Once you are on it, that becomes old news. 

6. Since I am not willing to relocate, I am looking only at local employers.
The market place for talent is now global and your competition can come from anywhere thanks in part to the Internet and to the willingness of professionals outside the USA to seek opportunities anywhere.

Solution: Search globally and work locally. You cannot determine who or where your next employer will be. You can negotiate the details like location when they make an offer.

7. I don't need to be visible online as my job is secure and I am happy in my current situation.
Nowadays all marketing is online. Look at every Superbowl ad for its references to product websites. Professional advancement, and career promotion are done equally outside your organization as within.

Solution: The professional status you build for yourself outside your company reflects positively on you and your organization. Making a name for yourself is most easily done online.




 
 

The Digital Resume

_If you think your resume is still a piece of paper, you are in the wrong century.

99% of the time your resume will be read on a screen until you walk in the door. 

Today's CV/resume needs to be cross platform, multi-systems, and every device compatible. That means the layout, margins, fonts and graphical techniques are all critical.

Today's resume is not your father or mother's Word document. You have to be prepared for it being read on a variety of devices and platforms.
  • Learn which fonts render best online or when to use headers and footers. 
  • Find out about the psychology of page layout and the best user interface that famous retailers use like Amazon.
  • You will know the rules of the Digital Resume that will get your resume read to the end regardless of length.
This concise, definitive e-book will quickly bring you up to speed in less than 30 pages. Find out more on my website.
 
 
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_Being unemployed at the C-level can be the kiss of death. Of course, I have been accused of exaggeration and hyperbole, but not in this case nor by executives in that situation. They tend to confirm that finding a new similar position can be seemingly an insurmountable challenge.

I am not referring to the nose-bleed section of CEOs that collect a king's ransom in severance  after they are let go such as the CEO's of HP, Burger King and New Yorks Bank Mellon. They can afford to retire or buy their own company. The early (50 something or younger) CEO or c-level executive is usually not in that position. The serial CEO, CIO, CMO needs the next opportunity as much as wants it.  

How do you continue to look viable after losing a C-level job and better position yourself for a new opportunity? It depends on your net worth and network. Some of the ideas suggested here require significant capital while others rely on a substantial Outlook database of connections.  Your age and geographic location can be a determining factor as well. 

Obviously the ideal scenario is a job lost due to an M&A or buyout with no negativity that trails after you. The biggest pitfall with that scenario is that it happens often in a sector where acquisitions are driven by industry commoditization. Thus, executive career options are limited going forward as the positions are correspondingly eliminated as well.

And you can't count exclusively on executive search firms despite prior placements through them. Many executives report that search consultants unfortunately cannot consider them or do so as a last resort because typically their clients are expecting that the position be filled by a candidate who ideally matches all requirements, including current employment. 

However, if you still want skin in the game and crave the next challenge of running an organization, then here are potential strategies to pro-actively, and as triage, mitigate the damage of a lost C-level position to your career.  


Be on Boards
You can't do this soon enough in your career. Start early and at lower levels to work your way up while you pick up valuable networking contacts along the way. Don't wait to be CEO to entertain the idea of a board-level appointment. Many start-ups, and small companies seek out top executives across multiple business sectors to fill their board positions. Typically, these are paid in stock vs stipend or salary.   

Board positions are worthy to assume a greater role at the top of your CV to fill in for a current lack of employment. The network derived from it will help open doors for your next opportunity as a board member or executive.

Found Your Own Company or be a Serial CEO
Serial CEOs actually are plentiful in the world today. The magic ingredients to making that happen are an outstanding network of colleagues who help to open doors. There must be available doors to open which requires a growing not contracting sector. Lacking that, the ability to expand beyond your original sector and move into adjacent industries is crucial. 

A key to staying relevant, current and therefore, employable is your willingness to expand beyond a sector comfort zone to take on  challenges in affinity and tangential sectors. The other piece is the ability to build a case and sell yourself into that sector when you don't have the luxury to buy your way in. 

Try Politics
Running for office or actively working to elect a successful candidate can provide new career stability. You may luck out get elected and be on a secure career track for at least the duration of the elected term. 

At the minimum, the visibility and connections you will have gained from the effort may enable a government appointment at the state or federal level to head up a commission, committee, or even be a diplomatic envoy. Once any kind of government experience is secured by appointment or election, leveraging that back to the business world is an easy step. Think Al Gore.

Start an NGO
During the dot.com crash, a top executive founded a weekly lunch group for fellow unemployed executives to keep him company.  Attendance grew with a corresponding website, e-groups, corporate sponsorship and incorporation. He is now the salaried executive director of this well-established NGO. Of course it is not the money he had before but it fits his situation in life now.  Another colleague readily tells the story of how she founded a women's  professional association during the downturn that gave her a great network, and helped  keep her niche search firm going.

Become a  Philanthropist
If you leave with a small golden nest egg, then setting up a little foundation as a replica to the Bill and Melinda Gates Foundation would be in order. Beginning with your own money can be a small capitalization when you reach out to the likes of a Warren Buffet-types to support the endeavor. This would not only do good in the world but provide job security indefinitely for you as the head of the foundation.

Be an Author
You don't actually have to write the book as ghost writers have a purpose in life. But, authoring a topic that both is timely, attention-getting, and paves the way for a new opportunity is a good way to spend time during a search. Book tours have an amazing effect on leveraging your network, creating visibility and building credibility. You become an instant thought leader and can at least raise substantial consulting and presentation fees. 

There is no easy panacea to unemployment at the C-level. The search for a new opportunity is long, very long, with available openings less abundant, and the competition fierce. It demands of you the openness and flexibility to try new strategies and tactics, and  the willingness to sometimes put aside your ego to think beyond titles. 

Most of all it requires taking stock of your dreams, goals and track record to envision a new future. If you are ready and willing to make a serious career move and not look back to the C-suite, then some of these ideas will suit you well.