Posts Tagged ‘Finding a Job’

One Hot New Hiring Market for 2010

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Not every job market is depressed.  In fact, there are a number of employers that are listing job vacancies with third-party recruiters because they are having difficulty filling specific jobs.

While there are several different industries where this is occurring, two in particular seem to be exploding with growth.

One of those will not necessarily be a surprise and that one is the medical field. There is an extreme shortage of just about anyone with skills and experience in that market.

Another one, that surprises many people is the financial services market sector. Given all the news media attention in that market during 2009, you might conclude that little or no hiring is happening there, but that would be wrong.

In this post, I’ll cover just one area within the financial services market that the recruiting division of my Bradford Consulting Company is working on for 2010. This is a large, national search that is likely to go on throughout the year and beyond!

Financial Advisors

Demand for Personal Financial Advisors is projected to grow a whopping 41% between 2006 and 2016 according to the Bureau of Labor Statistics. CNN/Money ranks Personal Financial Advisor job opportunities #3 on the list of the Top 50 Jobs.

This is represented by such recent media headlines such as:

  • Wirehouse Brokers Flock to Registered Investment Advisory Firms
  • Wirehouses Scramble as Advice Goes Independent
  • Wirehouses Losing Assets and Advisors
  • War Breaks Out for Wirehouse Brokers
Professionals in this market go by several different but similar titles.  They Include:
  • Financial Advisors
  • Investment Advisors
  • Financial Planners
  • Financial Consultants
  • Stockbroker

Market Size

The growth in Financial Advisor jobs is expected to be strong, with this occupation being among the ten fastest growing careers.
A recent survey of two of the major job boards had listings for over 7000 Financial Advisor jobs. Employment growth will be driven by increasing levels of investment in securities and commodities in the global marketplace increase in the retirement or near-retirement population as well as the growing need for investment advice by young professionals.

Why Financial Advisors are Changing Employers

Smaller financial consulting and brokerage firms are offering distinct advantages to lure brokers away from the larger financial wirehouses. Based on my discussions and further research there are several advantages experienced Financial Advisors are gaining when they make this type of job change.
  • Quicker adaption to market changes – Smaller firms can make quicker changes to the dynamics of the market place which their clients love
  • Bigger payout –up to 90% in some cases, leading to the opportunity to earn more in commissions
  • Better technology – Technology and research are key to attracting and keeping good advisors
  • Better product mix, including moving away from pushing proprietary products of the larger wirehouses
  • Better Recognition – $300,000 producers at large firms do not even get noticed, yet smaller firms covet these advisors
  • One-on-one mentoring – experienced leaders help advisors to grow professionally with personal attention
  • More Independence – along with the opportunity to have more control of their book-of-business especially when they retire

The Sweet Spot for Financial Advisor Opportunities and Where

While opportunities exist at every level, and in most every major and secondary city throughout the US, one of the biggest needs is for registered financial professionals with 2 to 5 years of experience, and a minimum of $100K in twelve month trailing production and $10 million and above in assets under management.

By going to smaller firms, career growth is more rapid for most of the reasons listed above. With more individual mentoring, better technology and resources, and the opportunity to make significantly more income, the opportunity is very real.

Instant Leadership Opportunity

There is also a new and very enticing opportunity for more experienced Financial Advisors who might like to make and move and take a small group of fellow advisors with them, i.e. move a small team. This will allow these brokers to immediately begin to earn larger override commissions on their teams efforts while at the same time providing everyone on the team with a much more attractive career path.

Video Explains More

At my Bradford Consulting website we’ve prepared a video that provides more detail as well as an opportunity to confidentially explore these opportunities.

Click the video icon to review this video.

How Serious Executives Become Industry Icons

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Are these executives who achieve top visibility within their industry or specialized functional areas just lucky?

Well, it sure isn’t luck!

These individuals have a very deliberate plan that encompasses both strategic and tactical components. Here’s what they accomplish.

They position themselves to become selected for top career opportunities by building a powerful reputation based on their expertise, and becoming recognized as an authority in their industry and/or in their functional expertise area!

These people understand world-class marketing principles and have learned how to leverage today’s “digital horsepower” to get their message heard.

And get heard they do.  National media (TV and print) request interviews consistently.  They are asked to speak at important national events and they just seem to be everywhere at once.

You can guess what happens to their careers.More Arrow

Actually, I’ve devoted a new page to this very topic and I suggest you go there now for more information.  You will be able to find out more about how these executives actually pull this off.  Go there now.

Where Have All The Jobs Gone?

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In a July issue of BusinessWeek, corporate recruiter Elisa Bannon of US Cellular in Chicago was quoted as saying, “I use to spend up to $4 million a year to post jobs through three of the big job boards – Monster, CareerBuilder and Yahoo! HotJobs.”  Not any more!

Her 2009 budget was slashed to $1 million and with 2,500 openings to fill as Director of Talent Acquisition, she left these big boards and moved to the social networking site LinkeIn.  Now instead of spending $4 million she spends $60,000 and feels like she has a high quality of job candidate by tapping into more passive job candidates.  This has extremely critical implications for your job search!

If you think you’re conducting an effective job search by relying on the big job boards and networking with a few current and past colleagues, you would be wrong.  You’re missing out on job opportunities that now appear on the social networking sites like LinkedIn, Twitter and Facebook to name a few.

Finding Unadvertised Jobs

There are also a number of jobs that can also be classified as “unadvertised”.  There is a way to uncover those jobs, but you won’t do it by using conventional methods Job Sleuthand relying on the big job boards. This fact is supported by an article in the April 13, 2009 issue of Fortune magazine.

Finding these jobs will take more work, but when you find those job opening gems using unconventional job search methods, you will also find much fewer candidates who will be your competitors for these jobs.

Bannon also reports not only is she saving money, she has made one hire per day in the previous 30 days for a position that has normally taken six months to fill.  This points out how much quicker you can be hired when discovered through these alternative job search methods.

Smarter Job Hunting Skills Are Required

It takes some newly acquired skills to understand just how to conduct an effective job search using these new methods, but if you’re up to the challenge, I can show you just how to accomplish that.  If you’re already using some or all of these resources, you’re likely not working them at peak efficiency.  Because I’ve been in the recruiting and employment world for over 40 years – see my bio here – I know colleagues who specialize in teaching you just how to pull this off and you can start now.

Here’s How To Acquire Those New Skills

I can connect you with information that not only shows you how to really take advantage of these social networking sites, but they also have some super sleuthing methods of find unadvertised jobs.  These methods are worth a fortune in career success for those willing to spend the time and effort to utilize these new strategies.

See also my related post about Twitter, Face Book, LinkedIn and using social media for find jobs by going here.

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More Jobs Being Shifted Away From Job Boards

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Many jobs, especially with larger US employers are being moved from poorly performing job boards like Monster, CareerBuilder and YahooHotJobs.

TalentSeekr is playing a part in making this happen. Large companies such as IBM and GE are examples of companies who are talking about shifting large online recruiting budgets away from poorly-performing job boards.

TechCrunch reported  this trend in a September 10th blog post by saying, “that is the idea behind TalentSeekr, which is essentially an ad network for jobs.”

“Companies fill out what jobs they are trying to fill in what locations, then TalentSeekr creates and tests multiple ads across the Web—social networks, blogs, forums, search engines, you name it.”

“Based on the response rate and quality of the applicants that come through the ads, TalentSeekr optimizes the mix of ad types (banner, text, video, creative elements) and placement. (Watch the video below to see how it works). If more qualified applicants are coming in through LinkedIn than Facebook, it readjusts the mix. (In fact, LinkedIn makes a lot of money through recruitment ads on its own site in much the same manner. TalentSeeker is attempting to apply the same principles in a more distributed manner across the Web).”

This is the same trend that I’ve been reporting for some time.  As mentioned previously, I began to see this trend several months ago, but its only beginning to be discussed more openly in the press.  I was able to spot the trend early because of the corporate recruiter training certifications that I do.

What this means for the Job Seeker

If you’re relying mostly on job boards, you’re just plain missing out on where many of the best jobs are listed.

If you’re not too lazy to really use some advanced techniques to ferret out some of the best hidden jobs, I have the information on how to make that happen.

If you want to get ahead of your competition, just email me using this link and I’ll get you the information you want.  This is for the serious job seeker!

The Number of Green Jobs Growing Quickly

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It pays to know how to conduct a job search for emerging job markets like those associated with green jobs.  Just search online using terms like green jobs and/or green job conference (or use one of the terms listed below) and you’ll discover a lot of activity.

Green Job Growth Stats

There’s good reason for all this activity and interest.  Jobs in the clean energy economy grew at a national rate of 9.1 percent vs. only 3.7 percent between 1998 and 2007,.

By 2007 more than 68,200 businesses across all 50 states and the District of Columbia accounted for more than 770,000 jobs,  despite a lack of sustained government support in the past decade.

What This Means For Job Growth

Well-paying jobs for people of all skill levels and educational backgrounds have been created within the emerging clean energy economy in every state.  This new business market is predicted to continue its rapid expansion which is being driven by increasing consumer demand, the infusion of venture capital funds, and federal and positive changes within most state regulations.

When the private market sector begins to view the clean energy economy as a good investment, this starts the economic engine within that market.  Generally, larger companies then begin to move into the sector and these employers will have larger sums to invest and will also begin acquiring some of these smaller venture funded companies.

The Pew Charitable Trust reported the following: “Venture capital investment in clean technology reached a total of about $12.6 billion by the end of 2008. In 2008 alone, investors directed $5.9 billion into American businesses in this sector, a 48 percent increase over 2007 investment totals.”

This means job growth.

Where To Find Green Job Opportunities

While time will not permit an exhaustive report on where the jobs can be found, here are a few suggestions to get you started.

One job board catering exclusively to green jobs that has made the news recently is GreenJobsFree.com and the reason I mention this one is because the site offers employers and recruiters the opportunity to post their green jobs at no charge.  This free offer is sure to create more and more job postings.  Check this one out.

Another great way to find other job boards that specialize in green jobs within areas such as: Biofuel, Engineering, Solar, Wind, Geothermal, etc. is to use your favorite search engine and enter terms like those in the list below.  Please use exact match to these terms vs. broad match.  This just means to put your search term inside quotes like this: “green jobs” or use the advanced feature to specify you want a phrase match.

Here are some of my favorite terms besides the root word green jobs.

  • green job boards
  • green jobs online
  • green energy jobs
  • green engineering jobs (substitute your own occupational term for engineering)
  • green jobs network
  • green collar jobs
  • green-collar jobs

Here are a few more job board sites that cater to the green energy market.

There are many others, so it you’ve got a favorite, just leave a comment below and share your job site with everyone.