Career Transitions in
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Try looking at it this way -
How long do you think it should take to transition into that next level position? It actually depends on many variables. However, on the average it typically takes 1 month to find a job for every $10K you earn annually.
The best way to understand how to navigate the executive recruiting landscape is to get a clear vision on how and why companies hire their top talent.
In other words, you need to look through the lens of your prospective employer first.
There are typically only two ways companies recruit their executive talent; internally and externally. When you understand the drivers for each, it will help you know which companies to target and when.
Statistically, HR knows that -
Executives hired externally will be lower performing over time compared to those promoted within.
For example, in 2006 alone - 55% of the executives externally recruited outside of an organization in North America, and 70% in Europe, were forced to resign due to poor performance.
Here’s how to determine if a hiring company is recruiting their leadership internally or externally.
You will need to ask the following 5 questions.
1. Are they currently a high performing organization?
2. Are there a high number of inside executives on the board of directors?
3. Does the company have a strong leadership succession or development program in place?
4. Are they looking to change their strategic direction?
A new CEO may be looking to make significant changes or chart a new direction. Look for major events like layoffs, mergers, buyouts, etc. as a sign that they might be looking to shake things up.
5. What is the size of the organization?
Companies that are doing well, have a large pooling of internal leadership, and are not positioned to make any big changes will typically not hire externally.
The opposite is true for companies who are not performing well, have poor leadership and need a new direction. They are the ones positioned to bring in external executive talent.
In an ideal world, all executives have updated and perfected resumes, clearly defined branding, a robust and warm network and ample opportunities knocking down their door.