Summer is in its waning moments - technically about three weeks left. As September arrives tomorrow, I thought I’d share a few little data points from Human Resource Executive: The average American worker left 9.2 unused vacation days in 2012 - up from an average of 6.2 days in 2011*. Consider, also, that 4 out of 5 Americans over the age of 55 are still working - the highest proportion of 55-plus people in the workforce in more than half a century**.
So the simple solution? Those of us over 55 who are in the 80% group of folks “still working” (and happily doing so, by the way!) must simply vacation more - now that’s the way to achieve balance! What do you think?
– Jan Melnik, M.A., MRW, CCM, CPRW — President, Absolute Advantage
* Hotwire.com
** Bureau of Labor Statistics
Most savvy folks know that it’s never a good idea to accept a counter-offer from the current employer — once a methodical search and careful decision have resulted in tendering resignation so as to move on to the next chapter. The reasons, of course, include that you’ve now labeled yourself as not only looking but already out the door, dissatisfied in some way that allowed another opportunity to be enticing … and if you were to accept the counter-offer, there’d always be the second-guessing that accompanies it: are they going to worry I’ll still be looking? [yes] … would I be first to be cut in a WFR? [yes] … is my loyalty now going to be questioned? [quite possibly]. But how about from the viewpoint of the employer? Why shouldn’t a counter-offer be extended in the first place?
A study conducted by Communicate Recruitment Solutions (London; published in July/Aug. issue of Human Resource Executive) found what we know to be true: counter-offers are typically nothing more than last-ditch attempts to keep someone within a business. Instead, employers should learn the truth about why someone is resigning when they claim it’s about the compensation (most people don’t leave for more money; generally, they’re unhappy with the organization and/or may have received an offer that simply couldn’t be refused). The CEO of Communicate, James Lock, said, “employers must resist the urge to react impulsively to a star employee’s announcement. When considering a counter-offer, ask yourself whether you would be offering the employee a pay raise … if they hadn’t resigned.” He adds, “Bringing someone with new ideas and different qualities on board can be an exciting prospect, particularly when you can dictate a remuneration package you can afford.”
Have you ever been tempted to accept a generous-sounding counter-offer? Any angst that followed accepting one? Have you been tempted to retain a top employee with a strong counter-offer? All food for thought …
– Jan Melnik, M.A., MRW, CCM, CPRW - President, Absolute Advantage
Be inspired. It’s your career. It’s your life.
Nearly 33% of executives see more opportunities for senior-level roles than they did 5 years ago. This according to a May 2013 survey by BlueSteps and the Association of Executive Search Consultants. The number of respondents participating was fairly robust: more than 900, with 48% of respondents in the Americas, 37% EMEA, and 15% Asia Pacific.
Some of the more interesting details:
* One-third of senior execs worldwide anticipate transitioning to new industries in the next 3 years
* 67% of those senior execs are willing to change jobs immediately for the right new opportunity
* 44% report that they expect to be at their current career level for 5+ years
* 55% report that they have worked for 2-3 organizations at the executive management level; 34% have worked for 4 or more organizations at the executive level
* 39% report that they have been at their current organization for 2 to 5 years
A bit sobering: 44% report that they have *fewer* opportunities for senior-level positions than they had 5 years ago, while 19% report about the same number of opportunities as they had 5 years ago. Where are you presently? What steps are you taking to demonstrate thought leadership, continue to build your brand and visibility, and ensure optimal positioning if it’s your desire to make a move?
Data extracted from Career Thought Leaders E-bridge Newsletter (#29, Aug. 1, 2013), www.careerthoughtleaders.com, of which I’m an advisory board member.
– Jan Melnik, M.A., MRW, CCM, CPRW, President, Absolute Advantage
Be inspired. It’s your career. It’s your life.