If you are a $100K+ executive looking for a job or job change right now, then you’re probably thinking that I’m out of my mind crazy when I tell you that a slow economy is better for your $100K+ executive career. But, it’s true.
7 Reasons Why a Slow Recession Economy is Better For Your Executive Career Search…
1. Opportunities now are real and based on true growth. In the last ten years, with hyper-growth, executive job opportunities were based upon projections that weren’t real. Now, when a job is created, it is real.
2. Productivity is now based on actual revenues booked. Productivity is the mother of prosperity and when a company is prosperous, executive jobs become available, solid and predictable.
3. Investment is given to companies that have proven their success. Only winners in the marketplace are attracting investors and when equity is created, new opportunities for executives follow.
4. Customer demand is based on value, not hype. As consumer purchasing is based on realized value, loyalty, and utility, revenues can be calibrated to reality. And reality creates real jobs.
5. Jobs are created when productivity meets capacity. Organizations are waiting until productivity meets capacity and sales before hiring.
6. Prices are based on real demand and are competitive. Real demand rather than hopeful revenue is based on actual orders. When price and demand intersect, a company has found the sweet spot in the market and this is a great jobs producer.
7. Growth is manageable and predictive. When growth is manageable, each and every executive role whether new or promotion is based upon solid, predictable information that allows for terra firma in opportunities.
How $100K+ Executives Can Take Advantage of a Slower Economy and Find a Better Job Faster
Now, today’s slower economy is even better for 100K+ executives who are looking for a job than it was 20 years ago. There are lower barriers to enter the world-wide labor pools, and social networking has created interactive work flows rather than static work structures.
Therefore, executives must be willing to move away from the idea of a j-o-b and think in terms of how they can be engaged in the flow of fluid work and ignore the method in which payment is received (wages versus income).
Now, here lies the rub.
Many of us who are in the executive ranks are so stuck in “…working for an organization…” when that very ideal organization is being re-engineered as we speak. It is being uprooted from within. Beyond the media reporting and government metrics is a whole underworld of opportunities. These opportunities are similar to the current in a river where, at the surface, it looks calm and placid, yet underneath is a ranging torrent of water that creates the real movement of the river itself.
The real economy today has a torrent of opportunities that runs under the surface of traditional industrial-age job creation, including the metrics that give us an idea of what’s going on. In my opinion, these metrics are so out-of-date no wonder consumer confidence is at an all time low!
So…what’s the answer?
It lies in understanding how to be engaged in the flow of fluid work.
Here Are Some Insights That I Have Gained As One of the Top 100K+ Executive Career Coaches in the World
* Work is being reorganized around essential tasks, not roles
* Tasks are viewed in terms of impact and return on investment, not functional expertise
* Labor is being hired based upon contractual outcomes, not job descriptions
* Hiring is based upon co-creation, not individualized responsibilities
* Money is flowing to value creation entities, not high-priced candidates
Fundamentally, work is changing. Work is moving away from individual skills that create value within an organization and moving toward hiring outsourced groups that can assist outside of the company. Work is becoming a service that is hired rather than a skill set that is acquired.
What does this mean for the “traditional executive”?
It means that executives need to be open to new forms of employment, new forms of authority structures, and new forms of leadership that meets the market.
What an exciting time to be an executive!