1

SELF-ANALYSIS IS VERY SPECIFIC TO EACH PERSON

SITUATIONAL ANALYSIS SHARES SOME COMMON THEMES

Assess Yourself and Your Situation

Assess

PlanPrepare

Implement

2

SELF-ANALYSISWHAT WENT WRONG?

MAKE SURE YOU KNOW WHAT YOU WANTWHAT NEXT?

TRANSITION OPTIONS?

Self Assessment

Assess

PlanPrepare

Implement

3

PERSONALITY TESTS

RECOMMENDED READ: TYPE TALK AT WORK

Self-Analysis

Self Assessment Websites on Internet

4

Information about yourself:

Wants from a job:

ValuesSkillsPersonality traitsInterestsWhat You Liked About

Previous work experience, and include: Part time jobs Volunteer work

Better pay Personal growth potential Location Company reputation Opportunity to drive change Entrepreneurial environnent Improved work/life balance Promotion/advancement Job security Better culture Industry growth Broaden skills Reporting relationship

Self-Analysis: Prioritize Your Needs

5

Analyze Yourself Against Skills Valued By Most Employers

TeamworkProblem solvingInitiativeDesire to learn new

skillsInterpersonal skillsIndependenceCommunication

Oral and Written Effective or Persuasive?

Flexibility

Ask others in your Inner Circle for

candid feedback

6

Lowest Acceptable $

Furthest MoveWorst Acceptable SupervisorSmallest Acceptable Job Scope

Just Slight Cut in $Longer CommuteSame $Full Relo $Supervisor is Known CommodityComparable Job Scope

Group Your PrioritiesShed from the Outside

7

DON’T WORRY, BUT DO ANALYZE

WHY ARE YOU “UN”EMPLOYED?

What Went Wrong?

Assess

PlanPrepare

Implement

8

It Probably Wasn’t Your Fault

That doesn’t Mean You Can’t Influence in the Future or spot warning signs, or be better prepared

Truth is:Job Transience is the Now the Norm Executives Can Be Short Of Loyalty To A

Company Decision-maker Loyalty Gap can extend to employees “Employees Are Our Greatest Asset…

Because They Are The Easiest To Liquidate”

This Recession has been and Remains Severe

9

Job Transience Is Now the Norm

People changed employers every 3.4 years (Source: Bureau of Labor Stats. Of the U.S. Dept. of

Labor)Average Job in America Lasts only 2.1 years

(Dave Ramsey)

Years in 2005 2006 2007 2008

Single Job 2.7 2.9 2.7 2.3

The Same Company 3.3 3.4 3.2 2.8

The Same Industry 4.2 4.4 4.2 4.0

Chart Data from ExecuNet

10

What Went Wrong?

Field? Are you in a field that suits you? Your lifestyle? Is your field cyclical? Subject to downturn? Is your field simply in decline? What other fields interest you?

Industry? Is your Industry cyclical? In decline? Moving overseas? Morphing into

something else? Do you want to follow? Leave? What sectors, or sister industries are doing better and would value your

experience? Company?

Was your company too big, too small, too rigid, too greedy, too bureaucratic? What was right and wrong about the culture?

Boss? Would you welcome the opportunity to work for this person again? Why or why

not? What characteristics should you be looking for in your next boss?

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CONSIDER MAKING CHANGES

What Next?

12

Consider Prudent Changes

Same Field Same

Industry

Same Field

Different Industry

Different Field Same

Industry

Different Field

Different Industry

13

Switching Industries

According to ExecuNet's 2009 Executive Job Market Intelligence Report Corporate HR Departments in 2003 reported hiring 14.5% from outside their industry, and that number grew to 21.3% by 2008.

The same report indicated Search Firms only placed 12.1% in a new industry.

Conclusions: Better to contact companies directly if seeking to switch

industries than to go through a Search Firm Opportunity to switch industry is improving Best to look into growing Industries – What are they?

14

2007 January 2008 July 2008 August

2008 2008 February 2009 2009

Healthcare Healthcare Healthcare Healthcare Healthcare Environmental Services / Clean Technology

Healthcare

High Technology

Energy / Utilities

Energy / Utilities

Business Services

Healthcare Clean / Green Technology

Business Services

Life Sciences Life Sciences Life Sciences Pharmaceutical / Medical / Biotech

Life Sciences / Pharmaceuticals

Pharmaceutical / Medical / Biotech

Pharmaceutical / Medical / Biotech

High Technology

High Technology

High Technology

High Technology

Energy Energy / Utilities

Financial Services / Banking

Energy / Utilities

Business Services

Business Services

Energy / Utilities

High Technology

Business Services

Defense / Aerospace

Environmental Products / Services

Manufacturing

Internet / Online Services

Financial Services / Banking

Consumer Products

Communications / Telecom

Government / Non-profit

Natural Resources / Agribusiness

Electronics

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Top Functions

January 2008 February 2009 March 2009

Business Development Business Development Business Development

Sales Sales Sales

Operations Management

Operations Management

Engineering

Finance Finance Operations Management

Engineering Engineering Marketing

Consulting

Finance

Research & Development

General Management

Human Resources

16

MANY PEOPLE USE THE PHRASE “ IN TRANSITION” WHEN THEY ARE ACTUALLY

JUST UNEMPLOYED

YOU ARE NOT “ IN TRANSITION” UNTIL YOU ARE IN SCHOOL, VOLUNTEERING,

WORKING TEMPORARY, WORKING PART-TIME, OR WORKING FULL-TIME IN A JOB THAT IS UNDERSIZED FOR YOUR SKILLS

Transition Options

17

Why Do Anything But Look for a New Job?

Don’t I Deserve Time Off?

Some Job Hunters React as if Job Hunting should be a full time + effort, so why do anything else?

It’s better to: Avoid Job Search

Burnout

NO!Some Job Hunters find

every excuse to procrastinate – you need a steady, balanced approach. Filling Your Time with other

activities Can generate New Job Leads, Can keep you Sharp, and Looks better on your resume

(especially the next time you are looking)

Avoid the Extremes

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Transition Options

Temporary Fulltime Work Sub-Consulting / Contracting

Part-time Work Sub-Consulting / Contracting Training Others / Teaching Courses

Improve Credentials (Severance Funding?) Continuing Ed / Certifications / University Courses (Speeds

Unemployment Insurance in NC)Volunteer

Can become a problem if you need the moneyFull-time Undersized Job

Hazard: Can become a rut, demoralize, not look good on your resume Benefit: Can be a launch pad to something better, provide insights to

other opportunities, and is usually better on your resume than a blank

19

Temporary Work

If you are looking for a full-time job but are having trouble finding one, consider temporary work. In addition to providing you with an income while you search for permanent employment, “temping” or “sub-consulting” can help you: Gain work experience in a variety of environments; Develop or enhance your skills; and Explore career fields.

20

Age Bias is Real, But Deal with It

44 percent of senior-level executives surveyed by ExecuNet were in strong agreement that their age will affect their ability to land their next position — up from 33 percent last year

Despite increased awareness and federal protection, charges of age bias have escalated. In fiscal year 2008, the US Equal Employment Opportunity Commission logged more than 24,000 charges of age discrimination and recovered $82.8 million in monetary benefits. That’s a sharp increase over the previous year’s 19,103 charges and $66.8 million recovery.

www.ExecuNet.com Survey

2006 2007 2008 2009

Avg Age of Executives Placed 45.7 46.2 47.3 -

When Age Becomes Significant Factor in Hiring Decisions

51.4 54.8 53.6 55.5

21

Consulting for the Over-50 Group

If you're in career transition and over 50, consider a solo- or sub-consulting role. Such work can serve as a confidence-booster as you further expand your skills and knowledge, and enable you to make valuable network connections that can help you find your next permanent position

Sub- or Solo-Consulting can be a great response to the question, 'What have you been doing?', and it can lead to an enhanced skill set and more confidence.

While the rewards can be far-reaching, you need appropriate skills to be a successful consultant. Consulting requires good listening and communication, openness, excellent problem-solving, tolerance for ambiguity and high cognitive complexity. You should be realistic about whether you have the requisite skills.

22

Part-Time/ Temporary Jobs

Part-time or temporary jobs can help you while you are seeking full time employment. These jobs are stop-gaps in that you have no intention of remaining in them for an extended period of time.

The Optimum part-time or temporary jobs can offer:1. Adequate income on a regular basis to help you to financially; 2. Near immediate entry and exit from it (So you can take that

better Full-time opportunity when it comes); 3. Moderate demand on your working time so that you can

continue to explore a permanent career area; and4. Afford you continual contact with a wide variety of people so

that you can make contacts during your work time that might be helpful in your career exploration.

23

Examples of Part-time/ Temporary Jobs

Advertising space salesperson Bartender Cab/bus/train driver Call Center Census taker Comparison shopper Domestic / house cleaner Employment agency

interviewer Golf caddie Handyman Mail carrier Marketing research

interviewer Museum guard

Of Counsel Opinion poll interviewer Painter Photographer’s assistant Receptionist Recruiter Retail store clerk Security guard Short order cook Sub-Consultant Temporary office worker Trainer / Instructor Travel agent Waitress/waiter Webmaster / Website Designer

24

Temporary Service Firms

Finding the Right Temp Firm: Does the firm offer any individualized training

programs? Does the firm perform adequate screening tests? Will the coordinator place you in jobs that meet your

needs? Investigate the Firm’s Reputation Get recommendations from the current “temps” as well

as from client companies. Don’t Assume there are no Temp Firms in your specialty Don’t Assume Temp firms only deal with non-exempt

level positions

25

Go Back to School?

Can help a change in function, field, or career direction – not as needed for an industry change

Think about professional continuing education and certification programs

Consider online and night school options so that you can quickly return to work without interrupting classes

26

Volunteering

Think about organizations that can use your skills Non-profits Education Government Agencies

27

ARE YOU STILL ON THE PAYROLL?HAVE YOU BEEN OFFERED SEVERANCE?

WHAT ARE YOUR FINANCIAL REALITIES?

Assess Your Situation

28

CAN YOU GET HAPPY?

If You Are Unhappy

29

Satisfaction by Function

ProfessionPercentage of

Executives Satisfied with Current Job

CFO/Comptroller 68%

HR 65%

Marketing 63%

General Management 61%

Sales 54%

MIS/IT 53%

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Top Reasons For Dissatisfaction

1. Limited advancement opportunities2. Lack of challenge/personal growth3. Compensation4. Stress level4. (tied) Job security

While stress and job security concerns are mounting, boredom and a shortage of opportunities for advancement remain key drivers of voluntary turnover

31

What do Employees Need to be Happy?

The need for trust. Expecting the company and management to deliver on its promises, to be honest and open in all communication with you, to invest in you, to treat you fairly and to compensate you in a fair and timely manner.

The need to have hope. Believing you will be able to grow, develop your skills and have the opportunity for advancement or career progress.

The need to feel a sense of worth. Feeling confident that if you work hard, do your best, demonstrate commitment and make meaningful contributions, you will be recognized and rewarded accordingly.

The need to feel competent. Expecting you will be matched to a job that aligns with your talents and your desire for a challenge.

32

2006 Gallup Poll: Unhappily Employed

The 3 Types of Employees

27%Engaged employees work with passion and feel a profound connection to their company. They drive innovation and move the organization forward.

59%Not-Engaged employees are essentially “checked out” – they put time, but not energy or passion into their work.

14%Actively Disengaged employees undermine what engaged coworkers accomplish.

33

Goal is to Get Happy, But Be Careful

1. Happy in the same job2. Happy in the same company, new job3. Happy in a new company

34

Happy in the Same Job

Keep a To Do List – Scratching off accomplished tasks is a positive feeling

Find the Humor – See the funny side of situations (but don’t get sarcastic)

Just say no - Eliminate activities that aren't necessary and that you don't enjoy

Listen to music while you work - RespectfullyAvoid unproductive meetingsFind and Work on something you're passionate

aboutPursue Personal Development Goals

Learn New Skills (Prepare for a New Job) Meet New People (Network)

35

Happy in the Same Company, New Job

Ask for more responsibilityTake More Responsibility: Work Comes to

Those Who Do ItBuild Your Internal Company Network

36

GET PREPARED!START LOOKING!

RISK: SELF FULFILLING PROPHECY

Un-Confidently Employed

37

While You’re Still on the Payroll

2nd Mortgage / Credit LineCredit UnionTuition BenefitsHealth BenefitsMedical / Child Care Spending AccountsProfessional Certifications / Continuing EdNetwork / Contacts

38

Prep Before

Make sure resume / LinkedIn profile is updated and current.

Talk to co-workers and colleagues before you leave for their contact information.

Talk to vendors / customers / contacts outside the company for their contact information. Don’t download confidential business information

If you won’t be taking your computer or cell phone with you, get the numbers out well in advance.

39

THINGS YOU SHOULD CONSIDER

If You Have Been Offered Severance

40

If You’ve Been Offered Severance

Over 40? – Employers are Legally Required to Give You 21 days to Review Agreements Negotiate Terms Wrongful Termination?

Incompetent Boss or Management is not grounds for claiming Wrongful Termination

Letting You Go for No Reason is not grounds for claiming Wrongful Termination

Harassing you about things related to the job is not grounds for claiming Wrongful Termination

Retaliation Racial, Religious, or Sexual Harassment Age? Military Service? Family Medical Leave?

41

USERRAUniformed Services Employment and Reemployment Rights Act

Prevents Veterans from being discriminated against as a result of military service

Administered by the U.S. Dept of Labor, Veterans Employment & Training Service (VETS)

For further information/assistance, http://www.dol.gov/vets/programs/userra

or call: 860-263-6490

42

Negotiate

Recognize that Employers have No Requirement to Pay ANY Severance

Recognize that your best time to Negotiate is as close to notice of termination as possible

Money is not the only thing on the tableConsider value to You versus Cost to Company

Outplacement? Timing of Severance Payments / Tax Year Issues

Severance up to $35K can be NC Income Tax Free Office Use? Keep Phone / Blackberry / Laptop / Phone Number? Contingent Additional Severance Continuing Education / Classes?

43

MOST OF US WORK FOR THE MONEY AND WHEN THE WORK STOPS THE SPENDING

MUST BE MANAGED MORE CLOSELY

Financial Reality Check

44

Invest – Don’t Consume

Change Your Behavior Quickly – It’s Easy Changing Your Family’s Behavior May Be More Difficult

Stop Eating Out Except lunch or coffee for Networking – and learn to Eat Cheap – (Water is free and better for you)

Reduce and Delay Spending Where PossibleBudget – Plan Your SpendingFocus on Improving What You Can Control –

Don’t Worry about What Can’t be ChangedAccept Charity with Grace

45

Health Benefits

Maintaining Continuity of Coverage Can be Critical for Pre-existing Conditions

Can Insurance Shift to a Spouse?COBRA

Recovery Act Includes COBRA Subsidy

46

Taxes and Severance

North Carolina G.S. 105-134.6(b)(11) reads as follows:

Severance wages received by a taxpayer from an employer as the result of the taxpayer's permanent, involuntary termination from employment through no fault of the employee. The amount of severance wages deducted as the result of the same termination may not exceed thirty-five thousand dollars ($35,000) for all taxable years in which the wages are received.

See http://www.dornc.com/practitioner/individual/directives/pd-98-1.html

for additional information.

47

Taxes and Job-Search Expenses

If you itemize, job-search expenses are deductible up to a limit which equals 2% of your adjusted gross income. You can deduct certain expenses you have in looking for a new job in your present occupation, even if you do not get a new job.

Employment and Outplacement Agency Fees You can deduct employment and outplacement agency fees you pay in looking for a new job in your present occupation. This includes fees to online services.

ResumeYou can deduct amounts you spend for typing, printing, and mailing copies of a resume to prospective employers if you are looking for a new job in your present occupation.

You cannot deduct these expenses if:

You are looking for a job in a new occupation, There was a substantial break between the ending of your last job and when

you began looking for a new one, or You are looking for a job for the first time.