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EMPLOYMENT
/ SALARY TRENDS AND OUTLOOK
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In today's rapidly changing business climate, the staffing of companies has become more difficult. The cost of choosing the wrong candidate for a managerial job is estimated by some employers to be three times the annualized salary of an employee who leaves before a year is out. This does not factor in the cost of having the position vacant until the right person can be found. As a result, a new interviewing technique called behavioral interviewing has become increasingly popular. Behavioral interviewing is a technique that seeks to evaluate everything about a candidate through assessment of specific actions or behaviors in given circumstances or jobs. It also elicits general knowledge or expertise from a candidate. Interviewers who use the technique encourage candidates to recount in detail job situations and the results of specific actions, even for seemingly minor tasks on previous jobs. "It's actually very effective," according to Jay Schwartz, President of the Richmond office of Management Recruiters International, Inc. (MRI), the world's largest search and recruitment organization. Schwartz's company trains its recruiters and clients in how to use the technique. "But candidates who are prepared to answer questions in the appropriate way have an advantage over candidates who are blindsided by it and must be coaxed by the interviewer to respond appropriately. It's not that you can 'beat the test' by understanding it beforehand. It's more a question of making the interview go a little better by knowing what's required of you," says Schwartz. Schwartz indicates that there are clues to know when one is in a behavioral interview and suggests some strategies to keep in mind:
There are some easy ways to prepare for a behavioral interview according to Schwartz:
"The idea behind behavioral interviewing is that you can tell much more about a person's attitudes, work habits and skills by hearing them describe real actions taken in real circumstances than by letting them speak in the abstract about themselves," said Schwartz. He went on to say, "It's amazingly effective, I think, because each of us reveals our motivations and attitudes whenever we recount our part in human interaction. Motivation and attitude are huge success factors in a new job." Source: Management Recruiters International
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from "ASK THE HEADHUNTER® the insider's
edge on job search & hiring™" How risky is it to lie about my salary? Question I was reading your very interesting comments on divulging salary information to prospective employers. Can prior employers give out salary information? I have a friend who got a much higher paying job by lying about her salary history. How dangerous is that? Nick's Reply Your prior employers might indeed give out your salary information. Most will decline to divulge it, but clever researchers can often get this information if they really want it. If your friend got her job by lying about her past salary, that's not a success story -- it's a disaster waiting to happen. A reader recently shared his story about this. He fudged his past salary, got hired, and started the job. At his orientation meeting, the company asked him for a pay stub from his last job. It didn't match what he'd claimed. They canned him on the spot for misrepresenting himself. Many companies bury some interesting terms in their employee handbook, and once you're on board, you're subject to those rules and regulations. The handbook may include requirements that you produce certain documents, such as a past pay stub and medical records. It will also likely state that if you fail to provide that information, that's grounds for termination. Kind of a catch-22, isn't it? A company can usually do this after they've hired you because your offer letter will say something like, "This offer is contingent on your acceptance of our company's rules, policies, employee handbook, insurance requirements, etc." When you accept that offer, you accept those terms. So, don't lie. That doesn't mean you have to divulge your salary history. People need to realize that if they want their salary history to stay confidential, they have every right to keep it so. But, they should state their position clearly and in advance. Likewise, however, employers have every right to expect your honesty when you do provide the information. There's a bigger message in all this: Ask to see all relevant documents and rules that you'll have to live under before you accept a job offer. Companies sometimes don't pony up all this information unless you press for it. Some won't give it to you even then. Best, Nick Corcodilos Ask The Headhunter®
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Executives identify that the greatest threat to the continued success of their companies in this century is the job candidate shortage according to a recent survey conducted by Management Recruiters International, Inc (MRI). More than 4,000 executives were surveyed by MRI, Inc. and nearly 50% said that a shortage of candidates was their biggest concern today while 18.5% considered keeping up with technology as the greatest threat to their company, 16.2% said the economy, while 15.5% said global competition. "It's a powerful statement when half of those polled in our survey consider the shortage of qualified job candidates to be the greatest threat to ongoing economic success," said Allen Salikof, president and CEO at MRI, Inc. "Still, this comes as no surprise based on our daily experience in fulfilling the staffing needs of corporate America. What's particularly compelling, though, is the fact that the candidate shortage was the overwhelming response of those polled, since technology, the economy and global competition have to be considered important issues as well." "Competition will remain particularly fierce in the professional-managerial fields as the level of hiring activity remains high and demographics for the next century clearly indicate a shrinking workforce," continued Salikof. "Finding college-educated individuals with technical, sales or management experience will be a great challenge. What companies are up against, though, is the fact that in this workforce-which accounts for about 1/4 or 38 million, of all employed Americans--unemployment is less than 2% and will stay that way in the foreseeable future." MRI is the world's largest search and recruitment organization and has system-wide billings of over $600 million. MRI, Inc. places 40,000 people in jobs annually. MRI is a subsidiary of Philadelphia-based CDI Corp. CDI Corp is one of the world's largest staffing and outsourcing service providers. CDI generated $1.54 billion in revenue in 1998. Source: Management Recruiters International
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