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Design Your Career Future - Singapore EditionAdrian Tan
Ditch the tradition short term tactical approach to job search. You need to think strategic to see where the market will go long term and design a better future for your career.
The average lifespan of a first hire Product Manager is 11 months. This is terrible for Product Manager's and the businesses they join and then leave. What are the most common pitfalls that make this so difficult and what can founders and first hire Product Managers do to change this?
Tim shares an approach to make first hires a success that is focused on product but contains plenty of insights for hires in other functions. He starts before the hiring process starts and then share some tried and trusted guidelines for founders and Product Managers to make the first 12 months in the role a case study in excellence. He shares some templates you will be able to use to set yourself up for better outcomes.
https://businessofsoftware.org/talks/making-first-hire-product-managers-work/
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
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Presentation to Henley management School
1. The Changing Face of Recruitment
and
New Models for “The Twenties”
13th April 2010
2. Discussion Points
● The Market
● Buyers
● Changing needs of clients
● Ways of hiring
● Sellers
● Things to ponder
● Structuring a CV
● Meeting the right people
● Intermediaries
● How we see the current market
● Burden Dare proposition
● New ways of recruiting
● Questions
13 April 2010 Putting Experience To Work
3. Market Statements
● Employee numbers up in services sector, but
down in construction
● CIPS/Markit
● Services sector stable, but manufacturing
weakens
● British Chamber of Commerce
● Unemployment up from 1.68m to 2.4m
(12 months to Jun 2009)
● Number of temps in work constant at 1.4m
13 April 2010 Putting Experience To Work
4. Market Movement
2008 2009
Permanent £4.2bn £2.6bn
(-38%)
Temporary £22.7bn £19.9bn
(-12.3%)
● Unemployment is 7.8%
● 1.59m claimed job seekers allowance
● Errrrr pardon?
● Employment rate is 72%
● 1 in 3.5 is public sector from 1 in 5 ten years ago
13 April 2010 Putting Experience To Work
5. Runners and Riders
● 2000+ recruitment firms in the UK
● 200 Executive Search firms
● 260 Interim providers
● 1800 middle management recruitment firms
13 April 2010 Putting Experience To Work
6. Overall Recruitment Market
Executive
Recruitment
£100k
Selection
and
Contract
£30k
Mass Market
Temporary Workers
13 April 2010 Putting Experience To Work
7. Burden Dare’s Market
Burden
Dare
Market
Expertise
£100k
Selection
and
Contract
£30k
Mass Market
Temporary Workers
13 April 2010 Putting Experience To Work
9. Changing Needs
● More and more, clients are defining the skills they need
and the length of time they need them
● and not whether they need permanent or interim or even a job
● Our clients seek and value trusted advice
● how to create something,
● how to sell something,
● how to solve a problem.
● Our clients understand and appreciate value
● But they can still get confused by price!
● We build relationships with clients around these needs.
13 April 2010 Putting Experience To Work
10. Ways of Hiring
● Direct approaches
● Mates of mates out of work
● Write-ins
● Intermediaries
● Internet
● Linked-in
● Job sites
● Google
● BUT – do bear in mind
● Google
● Facebook
● Twitter
13 April 2010 Putting Experience To Work
11. What Are Clients Looking For?
● Value for money
● Exact matching experience
● Proven track record
● “How” as well as “what”
● Detailed candidate checking
● CRB, credit referencing, qualifications, right to work, gaps on CV
● Google, Facebook, Twitter…..
● Recent trend to variable cost – but no less ownership
13 April 2010 Putting Experience To Work
12. Sellers
C o E A and
IR35
E B R 2003
13 April 2010 Putting Experience To Work
13. Things to Ponder
● DO –
● Be focused
● Understand your selling points
● What do you want to be when you grow up?
● 10 years time, 20 years, retire.....
● What do you need to do to get there?
● Permanent, Interim, Non-Execs, Voluntary
● Know your market
● Research clients or job roles
13 April 2010 Putting Experience To Work
14. Things to Ponder
● DON’T –
● Flip flop
● The first bus is not always the most direct or most appropriate
● Don’t apply for jobs that don’t get you where you want to go
● Be all things to all men
● Flood the market
13 April 2010 Putting Experience To Work
15. A CV is a Sales Document
● Principle Consultant or Principal Consultant
● your, you’re
● Tailor for each sales call
● Value proposition
● What have you done, not what happened when you were there
● What was the benefit
● Facts
● Calibrate it. How much? How many? How well?
● So what?
● Says who?
● References
● Good ones!
13 April 2010 Putting Experience To Work
16. Getting in Front of a Head Hunter
● Join the queue
● 200 Cvs per week
● Finance, Sales, General Management
● 20 phone calls a day
● 3 referred candidates a day
● You have to tell me…. why should I see you?
13 April 2010 Putting Experience To Work
17. Why You?
● Relevant to them and their business
● Research, recommendation
● Like minded people to you.......common interests
● Research
● Quality CV
● Best in breed
● Network
● Who do you know who knows a head hunter?
● Three things you want me to remember
13 April 2010 Putting Experience To Work
19. How We See the Current Market
13 April 2010 Putting Experience To Work
20. Where are They Going?
● Commoditisation
● Disintermediation
● Taking mass market methods to the prestige
end
● Ownership issue
● Return on investment issues
● Internal divisional conflicts
● Cross-selling or cross selling?
● Who gets the money when an interim goes perm?
13 April 2010 Putting Experience To Work
21. Burden Dare as a Trusted Advisor
Friends in Business
Become a Trusted Advisor
and Confidante
Relationships
Personalising the Trust - Reinforcing
BD Opinion Accepted Competence on
an on-going basis
Effective Transactions
Gain Trust - Build Competence
New Relationship - Transactions
Demonstrate Competence
13 April 2010 Putting Experience To Work
22. New Concepts In Recruitment?
● Using our network to make money
● VCs, IFAs, Connect Programmes…..
● Yes, we do provide “normal” recruitment services,
● but we can also put them together in a different way to build a
bespoke package to meet a client’s need for defined skills.
● We will fill skills gaps to best suit a client’s needs
irrespective of whether they are permanent or interim.
● New fee structures
● We don’t have internal conflicts
● We don’t have PLC shareholders to satisfy this year
13 April 2010 Putting Experience To Work
23. Match.com or eHarmony?
● Permanent
● Interim
● Pricing models
● Fixed monthly fees, success of candidates in job, paper
● Equity
● Management teams
● VC network
● Debt
● Banks’ Corporate Divisions
● Accountants
● Angel investment
● Paper in lieu = increased working capital
13 April 2010 Putting Experience To Work
24. Our Business
● A network of loyal clients through a number of business
relationships
● We operate as “trusted advisors” to our clients
● 85% of our business is client referral or repeat
● 5500 executive interim candidates across all business
disciplines
● A network of candidate referrals and introductions
● A network of blue chip consultants
● A network of trusted and experienced researchers
● We will say if we can’t do it
13 April 2010 Putting Experience To Work
25. 5,500 Interim Candidates
500 Chief Executives and 400 IT Executives
General Managers
320 CRM, Business Development 350 Programme Directors
and Marketing
150 Facilities & Real Estate 120 Operations Management
Finance Directors and 320 Ex-Big Brand Management
500
Managers Consultants
170 Strategy, Performance 150 Supply Chain, Purchasing and
Improvement, and Change Logistics
400 Banking 350 Retail and Consumer Markets
350 Manufacturing 275 Engineering
13 April 2010 Putting Experience To Work
26. Experience at Work
● 80% have operated at Board level or run a substantial
business unit
● 25% have actively been involved in buying and merging
or selling and divesting a business
● 40% have been Big 5 trained and so have the benefit of
consultative experience and now focus on operational
delivery
● 25% can conduct business in at least two languages
● 40% have set up a new business
● 35% have closed one down
● 35% have run or directed multimillion pound projects or
programmes
● 55% have managed through a recession
13 April 2010 Putting Experience To Work
27. About Gavan Burden
● Burden Dare founded by Gavan Burden in August 2007
● Banker, Technologist, Management Consultant
● Lloyds Bank, Digital Equipment, Ernst & Young, NCR
● Recruitment
● IMIT
● Alexander Hughes Interim Management
● founded in April 2001 and sold in August 2007
● Made over 500 successful placements
● Built on a set of beliefs around excellence of customer
service and a very strong network of candidates
● But it’s what you DO with those candidates and HOW you do it
that counts
● Dare was my mother’s maiden name
13 April 2010 Putting Experience To Work
28. Gavan Burden
52 – 53 Margaret Street
London
W1W 8SQ
020 7268 0001
gburden@burdendare.com