When you talk with 2400 hiring managers and HR professionals, you tend to get a theme of where our economy is going – and how that impacts hiring, aka: talent acquisition. Harris Interactive conducted such a survey from November 15th, 2010 to December 2nd, 2010. The news was – well, brace yourself: good. Seriously. And it also encourages an idea you will want to consider in how you “package” yourself to a new employer.
Here’s the Good News:
1.) Guess which category ranked #1 in all hiring categories projected for 2011? You guessed it – Sales: 27% of all companies will be hiring new sales reps in 2011.
2.) Full-Time Hiring: 24% of all employers intend to hire full-time “permanent” employees in 2011 – this is up 20% from last year.
3.) Part-Time Hiring: 13% of all employers intend to hire part-time employees in 2011 – this is up 15% from last year.
4.) Contract Hiring: you’ll want to sit down for this – 34% of all employers intend to hire contract employees in 2011- up 12% from last year.
So what does the above reveal? It shows a trend I’ve been watching for quite some time: a movement away from classifying people as either “permanent” or “temp” employees – and now a hybrid is evolving to meet the unique challenges of our new era: an “interim employee”, an evolution of a contractor. Don’t think that the “temp” agencies of the healthcare world don’t know about this – PDI and Ventiv Healthsaw this trend coming. Which leads me to an idea I think you should consider in your job search – and note: this idea is primarily for those who are “between” jobs, which represents some 15% of the American workforce.
Consider offering your services as an interim employee – with a contract. Your contract should run a minimum of 6 to 9 months and it allows you to “show” your stuff during this period. In essence we are looking at a win/win – and an improvement over what employers normally see. Let me explain. The contract stipulates performance metrics, goals, when those metrics will be measured, how your performance is measured, and who is doing the measuring. There must be a guranteed monthly base salary – remember you are also paying your own medical insurance during this time, so be sure to consider that as part of your base salary. And you need a clearly explained bonus plan. If you are thinking, “But I don’t know how to write my own contract”, don’t worry: you propose that the employer writes the contract – you’ll sit down with someone in their HR/Purchasing Group and have THEM prepare the document. Yes – I have real world experience in doing this with F500 level companies – this works, it’s just rarely done because it is an innovative and somewhat new idea. At the end of the 6-9 months, we have two potential outcomes:
You Met the Performance Goals
1.) Now you have great credibility with the employer – and stand a very good chance of being hired as a full-time employee; you are also in a strong position when it comes to negotiation of your contact – you can point to your actual sales achievements with them.
2.) You’ve built some customer relationships – you’ve added to your potential “Rolodex” which you can now sell products to from other employers.
3.) You’ve bought yourself time for opportunities which tend to open and close very quickly with your list of targeted prospective employers.
4.) You’ve provided yourself with the status of “currently working” on your resume; you are always more attractive to employers when you are currently working.
5.) The employer wins because they achieved their goals – and avoided hiring someone as a permanent employee who then does now work out. Also – they discovered they either like you or they don’t like you – chemistry is a big deal, not just sales performance.
You Didn’t Meet the Performance Goals
6.) Now you know this is not a product or market that works for you – better to find out now than later; in many cases your performance may have been based on a disorganized, poorly managed company that “has your back”. Wouldn’t you want to know this now – not later? Or that your boss is a Jekyll/Hyde? As a professional who gets people into medical sales career, I often hear the scenario of one of my clients landing a great job, with a great product, only to find the company itself is not ready for prime-time.
At the End of 6-9 Months
Think back over the last 6-9 months and consider just how much has changed in your own life – I’m betting the answer will surprise you. Now – consider just what you may find at the end of a 6-9 contract as an interim sales agent for a company – you just never know what opportunities you will find. A lot is going to change. Being an interim employee - drawing up your own contract – puts you in the driver’s seat to maximize those potential opportunities – and minimize the negatives in your career satisfaction.
There is one other item I want to share with you from that Harris Interactive pole of 2400 employers. Guess what percentage of those employers were concerned that their best talent might leave them once the economy improves? (answer A below); and guess what percentage said they “will” increase their compensation for their existing staff in 2011? (answer B below).
A. 41%
B. 61%
Pretty nice-looking numbers as we enter a new year. Chin up – and remember that old adage: if you follow the rules you will be invisible.