Latest Book

Latest Book
UP: Influence Power and the U Perspective-- The Art of Getting What You Want
Showing posts with label hiring. Show all posts
Showing posts with label hiring. Show all posts

Saturday, March 15, 2008

GETTING AHEAD BY UNDERSTANDING THE PEOPLE YOU NEED TO INFLUENCE


What determines why one person is selected for a job or a promotion and another is not? Most people believe that the answer to that question lies with the qualifications of the individuals being considered. If, like most people, you answered that the candidate with the most relevant skills and experience gets the job, you would be wrong. If someone is able to obtain a job interview or is being considered for a promotion, they are likely to be qualified to do the job. However, so are all the other candidates being considered for the position. The key to being selected is to distinguish yourself from all of the other qualified candidates.

Standing out from the crowd has more to do with your understanding of the employer’s U Perspective than it does with your qualifications. An employer’s U Perspective is ‘what they care about.” Employers are not looking for the candidate with the best qualifications because there is no such thing as the “best qualified candidate” in the abstract. There is only the best candidate for a particular job as the person or persons making the decision see it. To show that you are the right person for the position you are seeking requires understanding the U Perspective of the people involved in making the decision to hire or promote you.

While in most organizations there are a common set of shared values referred to as the organization’s culture, you don’t interview with an organization. You interview with individuals. For most jobs, you will have to interview with more than one person. Each person who interviews you sees the job somewhat differently. They define the perfect candidate as the perfect candidate for them. To convince an interviewer that you are the right person for the job, you need to figure out what the interviewer cares about.

How each person defines that ideal candidate usually can be found in the answer to the question “What can this candidate do for me?” Individuals tend to see the answer to that question differently depending on their role in the organization. Someone from Human Resources will have a different U Perspective than someone in Finance and both will differ from what your future boss will be looking for in a job candidate.

Typically a Human Resources executive is looking for the obvious choice -- someone who will be readily accepted by everyone involved. That way the Human Resources executive can fill the position quickly, satisfy his or her clients and move on to other work. He or she also needs to be able to the articulate reasons why you are the best candidate for the job. If a candidate has all the right skills and experience, and fails, no one will blame the Human Resources executive for recruiting someone who was clearly wrong for the job. On the other hand, if that individual favors someone who doesn’t fit the job specifications’ exactly, even if the candidate is otherwise outstanding, and it doesn’t work out, the Human Resources executive is likely to face criticism. So, when you interview with a Human Resources executive demonstrate how you meet all the important qualifications for the job. Be prepared with specific examples of things that you have done in the past that relate to the types of problems the company is currently facing.

Sometimes a Finance executive will be involved in the hiring process. What is their U Perspective? The Finance executive wants someone who they will be able to work with -- someone who knows how to stay on budget and help reduce expenses or generate revenues. Those are the skills you want to emphasize if you happen to be interviewing with a Finance executive.

The hiring manager, your future boss, is looking for someone who can help solve his or her most pressing problems, whatever they are. Even Human Resources and Finance executives will have a different U Perspective when hiring or promoting someone who will work for them than when they are recruiting for someone else. The hiring manager has immediate needs and wants someone to help take care of those needs. Hiring managers are most likely to be focused on whatever they deem to be the most significant problem they face at that moment. They want someone that can have an immediate impact. Therefore, the most important question you can ask your prospective boss is, “What is it at work that keeps you up at night?” The answer to that question will help you determine the hiring manager’s U Perspective. That is what you should focus on. If you can help the interviewer deal with those issues, you have gone a long way toward getting the job.

While you are the same person, with the same skills, experience and personal qualities no matter who is interviewing you, what you chose to emphasize makes all the difference in the world. Remember each person with whom you interview views the job being filled slightly differently based on how they interact with that position. That is why it is their U Perspective. When you are talking about your ability to do the job, how you are seen by the interviewer depends on what you choose to emphasize. Focus on what is most important to the person interviewing you.

Saturday, August 18, 2007

When is a $70 million dollar salary not enough?

When your friends are making $71 million dollars. I was surprised to read in the Wall Street Journal that Mark McGoldrick left a prestigious position at Goldman Sachs running their " Special Situations Group" because he felt that he was working too hard and wasn't being paid enough. The salary he was not happy with, last year amounted to $70 million dollar ($200,000 a day). Most of us won't make $70 million dollar in our lifetime and would be thrilled with a hundredth of that salary. So what makes someone complain about a salary bigger than the gross national product of certain small countries? Fairness, jealousy, envy. Call it what you will but in life we measure happiness not by what we have in some absolute sense, but rather by what we have compared to the people we feel are like us.

So Mark McGoldrick was unhappy with his salary because his counterparts at hedge funds and private equity firms were making a lot more than he was. This should not have come as a surprise to me.

As I wrote in UP: Influence Power and the U Perspective-- The Art of Getting What You Want:" While money can effectively be used as a motivator, even money becomes significantly less useful as a motivator once you achieve a certain level of wealth. There is a significant body of research that shows that once personal wealth reaches a certain level additional wealth produces virtually no increase in one’s sense of happiness. Moreover, according to Richard Layard, a professor at the London School of Economics, peoples’ sense of their own wealth is subjective and is determined primarily by comparing themselves to others. Therefore when incomes rise across a nation there is no greater sense of wealth or happiness. For example, real income in Japan more than quintupled over the thirty years starting in the1950s yet researchers found no corresponding increase in how happy people felt. Even very wealthy people can feel disadvantaged when their friends are significantly wealthier than they are. Understanding that may cause you to propose a business opportunity to a very wealthy individual by focusing on some other benefit beyond just its profitability, such as by making it exclusively available to that individual or by allowing that individual to gain status by being able to offer it to his or her friends."

Understanding that we react in this way and that so do others is important to keep in mind if you are seeking to get hired, to get a raise or to gain a promotion. The fact that someone else is interested in hiring you makes you more valuable. It is not so much the fear of losing you that increases your value. Trust me, they will find someone else equally talented. It is losing you to someone else, especially someone they view as a competitor, that really drives people crazy. We all want what other's want and it is even better if we are the only one, or one of an elite few, that has it. Harness that knowledge to your advantage to move your career forward.