Author Topic: (Un)employment & the recession  (Read 767 times)

BayGBM

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(Un)employment & the recession
« on: April 13, 2009, 06:20:06 AM »
I happen to know that a couple getbiggers are unemployed, looking for work, or about to graduate from college and need a job.  Accordingly, I’ve decided to pass on the private messages and share all my employment talk, info, news, links and stories in one thread.  This is it.

Obviously, not every post will be of interest to everyone; take what is of use to you and ignore the rest.


BayGBM

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Re: (Un)employment & the recession
« Reply #1 on: April 15, 2009, 12:00:17 PM »
Check this out... not a bad gig, I think.  8)


$80,000 for a Year Off? She’ll Take It!
By SUSAN DOMINUS
A law firm offered some employees a third of their base pay to take a year off from their regular jobs.

This year may be a disastrous one for the global economy, but it’s shaping up to be one of the best that Heather Eisenlord has enjoyed in a good long while. Granted, that might not be saying much: For the past five years, Ms. Eisenlord has been an associate at Skadden, Arps, Slate, Meagher & Flom, a notably grueling place for a lawyer to work.

But even by more stringent standards of fun, the coming year looks pretty good. Ms. Eisenlord, 36, who works in Skadden’s banking group, will be buying a plane ticket that will take her around the world for a year, and she’s been stocking her apartment in Brooklyn with Lonely Planet travel guides.

Although she’s not yet sure exactly what she’ll be doing on her trip, she has some ideas. She would like to teach English to monks in Sri Lanka and possibly help bring solar power to remote parts of the Himalayas. She’ll probably hit 10 to 15 destinations around the world, most likely practicing not-for-profit law wherever she can be helpful.

The best part of all: Skadden is paying her about $80,000 to do it.

For a sixth-year associate at a New York law firm, $80,000 isn’t exactly competitive pay. But for someone cruising around the world, doing good wherever she sees fit and, let’s face it, probably hitting a beach or two, the pay is excellent.

Only in a financial world turned upside down would an arrangement like this one make sense. Looking to cut costs like everyone else, but not prepared to lay off employees, Skadden has chosen instead to offer all of its associates — about 1,300 worldwide — the option of accepting a third of their base pay to not show up for work for a year. (So far, the partners have no equivalent arrangement...

http://www.nytimes.com/2009/04/13/nyregion/13bigcity.html?_r=1&hp


BayGBM

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Re: (Un)employment & the recession
« Reply #2 on: April 15, 2009, 12:04:22 PM »
Bulletproofing Your References in the Hunt for a New Job

An employer recently requested a recommendation from Andy Levine about one of his former staffers at Development Counsellors International in New York.

The problem? "We fired him after three months" because he missed more than five major deadlines, says Mr. Levine, president of the economic marketing-development firm. He merely confirmed the man had worked there. Since that October call, the dismissed employee repeatedly has offered Mr. Levine as a reference -- without his permission. And the exasperated executive hasn't been able to contact the fired staffer about the situation. Mr. Levine's advice to job seekers: "Seek references from someone besides the boss who fired you."

Most job hunters grasp that basic maxim, yet many still fail to make the most of their references. As unemployment soars and hiring shrivels, you must carefully cultivate your endorsers. Businesses looking to hire are pickier than ever. As for Mr. Levine, he requires 12 references from every finalist, asking each referral, "What is wrong with this candidate?"

Going the extra mile with references may enhance your chances of landing a job. "That means caring enough to do more than just asking for permission," emphasizes Randy Street, an Atlanta partner for ghSMART & Co., a management-assessment firm in Chicago. He co-wrote "Who," a book about successful hiring methods.

Here are some ways to make sure your references take good care of you:

Create and maintain an up-to-date "bank" of referrals.

It's a wise idea to collect recommendations when you quit a well-done job. Don't limit yourself to written tributes, however. Consider video testimonials, which you can post through VisualCV, a free service for job seekers that lets them craft online résumés.

LinkedIn, a professional networking site, contains a "recommend" feature where prior colleagues and superiors can sing your praises. By reaching out to such contacts while he was still fresh in their minds, marketing manager Steve Boudreau increased his LinkedIn endorsements to 21 from three soon after a Chicago executive-search firm laid him off in March. "Having many endorsements will help set me apart," he predicts.

Prepare your references for hiring managers' tough questions.

Anyone vouching for you needs gentle reminders about your shared work history, your most memorable achievements, their relevance to the desired job and a detailed description of that spot. Anticipate negative queries by telling references about your corrected shortcomings.

You might say, "Back then, I wasn't as organized as I am now," Mr. Street advises. You also could ease a reference's discomfort over describing your biggest flop by noting "some outcomes were good," adds Sean Kenney, a partner at Essex Partners, a unit of outplacement counselors Keystone Partners in Boston.

Contact references after they've spoken on your behalf, and use innovative methods to stay in touch a few times a year.

"You want to make sure your references are doing a service for you," says David Marshall, a credit analyst. In following up with three references for a job with GMAC Commercial Finance LLC, he learned they gave the right answers about him -- and gleaned insights about that business.

He joined a GMAC Commercial unit in Greensboro, N.C., last May after being jobless since October 2007. Mr. Marshall treated his endorsers to a meal.

There are other ways to show your gratitude. Send references a card on Thanksgiving Day, a holiday when people rarely receive greetings, notes Oscar Adler, a career and communication coach in Deerfield, Ill. "Yours will be appreciated," he says.

You also might set up "Google Alerts" to monitor Internet mentions of your references, proposes William Arruda, founder of Reach, a New York personal-branding concern. Email "Bravo!" after you spot a referral's latest article citation, speech or promotion.

Don't clutter your résumé with unnecessary verbiage about contacts.

The popular phrase, "references available upon request," wastes space on an obvious point. Instead, you should write up the names, titles, email addresses and telephone numbers of five references, then hand them over after every job interview, Mr. Adler recommends.

Don't offer outdated references or "big names" who barely know you.

Your boss from 1999 may still think you're wonderful. His endorsement means little in today's harsh job market, however.

Similarly, "proximity can trump prestige," because your immediate supervisor is well aware of your achievements, says Marilyn Machlowitz, a New York executive recruiter specializing in nonprofits. She isn't impressed by "big name" references who only can spout glittering generalities about candidates they hardly remember. Such name dropping "comes across as bragging," she adds. On the other hand, "a big name who can really talk about your work can help."

Don't seek endorsements from the same person again without describing the outcome of your last request.

When a California accounting professional sought a newspaper job last year, a former supervisor provided a glowing recommendation. She turned down the offer because she was afraid to join a sick industry.

But the woman neglected to alert the ex-boss, who she thinks would have appreciated knowing why she rejected the job offer.

The best way to repair a gaffe like that? Simply apologize.