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The Offer Stage: the perspective of the Firm & Hiring Manager

4/19/2018

 
When a hiring manager has found their perfect BD and marketing person, they embark on the offer stage. This stage should be quick and easy. So why isn’t it always that way? The offer stage is a key part of the whole process, yet it is often mismanaged by both the firm and candidate.
 
First and foremost, BD and marketing candidates have a lot of choice available to them right now. That context needs to be remembered in all of this; it is typically a product of the current market, not by demanding candidates. And when it is a buyer’s market, early transparency by both sides is the key to having the offer stage go smoothly.
 
Below are my top six tips to hiring managers in firms on how to conduct things in the offer stage to help a successful joint result. And next week, I will offer similar tips from the perspective of the candidate.
 
Firms & Hiring Managers:

  • Have a conversation about the salary range at the start. This is critical in order to line everything up smoothly at the end. You will have been given a range, and you can communicate that range to your candidate. Similarly, your experience will tell you if the candidate has over-priced their own salary range expectation, or is simply too pricey because they’re too senior. Either way, this conversation needs to happen at the start so expectations are managed and aligned. Candidates also need to know if they’re in your range; this is one of the biggest mis-communications I hear about. And remember, you are very used to dealing with these sorts of conversations, as you have them all the time. Candidates are not and can get awkward dealing with this highly confidential information and may need a little hand-holding. (Note: for what questions you now can and cannot ask on salary, see my earlier blog.)

  • Deliver the offer in a positive way. I’ve seen many offer conversations or offer letters which are completely devoid of any emotion. Your offer is impacting a person’s career and life and there should be a balance between professionalism and excitement. Revamp your offer letter if need be. And, when communicating it verbally, remember to show enthusiasm and positivity even if it’s something that is a little more mundane to you. Candidates feed off that vibe and can be impacted by it.

  • Put a deadline on the offer. Many offers come verbally first, and then are followed up with a written offer. Put a deadline on accepting both the verbal and the written offers. It gives both parties certainty and doesn’t leave it open ended. Its reasonable for a candidate to ask for a day or two to consider everything, but if a candidate is asking for more than that, there’s typically other factors at play. Know what they are so you can address them quickly.

  • Know your stance on any counteroffer. We’re in a buyer’s market, and you can expect firms to counteroffer in an attempt to retain their top talent. So, your best strategy is to put your best offer in front of the candidate. This may not be your traditional approach, but that’s the reality we’re currently in and it saves protracted negotiations in the event of a counteroffer. In my experience, candidates are rarely applying for a role simply to get more money from their existing firm. Almost all candidates are very keenly pursuing your role for a reason, so they want to accept your offer.

  • Benefits and bonus questions. Once an offer is communicated, most candidates have questions about the benefits, policies and bonuses. Have the right people lined up to answer these questions, for example, your Benefits Director and the person the candidate will be reporting to. I’ve seen acceptances held up because of a lengthy game of phone tag between the right people on these issues. And, consider disclosing the benefits and bonus potential much earlier so it’s one less thing to deal with at this point. With bonuses, candidates always know that any potential bonus is subject to their personal performance, or even team or firm performance, but if they have some approximate ranges to go by, they will appreciate that information.

  • Any hesitation? At the point of communicating your offer, the candidate should be anticipating it (or at least hoping for it) and they should be excited. Put frankly, if they are not, something isn’t right and you should have an honest discussion about why. Any hesitation, lack of energy or delay on a candidate’s part means they are stalling for a particular reason. Sometimes its easily resolved, other times it can get complicated. Either way, tackle it head on so you’re addressing the issues. Use your search partner here as they are used to dealing with every issue at this point of the process.
​
Next week, I will offer similar tips from the perspective of the candidate.

How do you tell your story?

4/5/2018

 
One of the most common questions I get asked by candidates is how to tell their own career story. And I never get tired of hearing this question; it is a fundamental question that discerning candidates ask in order to give themselves the best possible chance when job-seeking.

Messaging your story, your career journey, your career trajectory – however you wish to frame it – is really important.

The most important thing I share with my candidates is that it is your story. What I mean by this is that there is no one ‘right’ way to come into marketing or BD in a firm, and there is certainly no hard and fast rules about how you get there. Your career is truly that – your career – and now its just up to you to tell it in a way that resonates with the person who is listening. And, whether you’re in person trying to relate to your listener, or getting the story across on paper in resume form, there are some guidelines to follow.

Here are my top tips as to how to own and tell your story:

Unapologetically own it. Your story will be unique. And that is a good thing. Every single person is different. I know often – particularly in an interview setting – we can be fooled into thinking that we must have a certain type of experience or background. But the fact is that everyone is different and it is those different experiences and perspectives that make up teams of truly unique and wonderful people. So, embrace it, and don’t feel defensive or apologetic about something that might be a little left of center. It is part of you, so own it.

Start at the beginning, but get there quickly. A good story has a start, a middle and an end. Everyone starts from a different place, and I’ve found those initial early years are very influential in shaping a professional (and it also typically gives you insights into their personality and softer skills). So, start at the beginning. But, be mindful of how much information the listener wants. Listen and watch to see if they want brevity or more details, and this will tell you how to concisely move through your career story. The last thing you want is to either: have explained your 15 year career in 45 seconds when the listener really wanted a 5 minute run-down, or, you’ve taken 20 minutes to describe only your first role.

What does the listener want to hear? There will be something that you have in your background that is going to be significant to the listener. Figure out beforehand what that is and leverage that experience. For example, in a job interview you will know from your own research the top 2-3 things they are looking for in a person’s experience. In a networking setting, you’ll hear common interests or hobbies that you can relate to. In a meeting with a partner, they will naturally start to hone in on something that is important to them. These are all signs for you to pull out of your tool kit a piece of your story that relates to what they’re telling you.

“Tell me about this gap…” Ah, the classic interview question. The best way to deal with any gaps in your employment timeline or regrettable occurrences is to proactively talk about them. Truth be told, just about every person has something in their past that they don’t like too much. Get in there first and tell the listener about the experience, but then why you moved on. The key here is to provide a balanced perspective; be honest that it wasn’t right for you, but share what you learned and how you took that forward into your next role.

Your personality, your ‘edge’, your motivators. I love asking questions to create discussion around finding out more about the human behind the piece of paper. Some people will offer up this information, and others need to have it teased out of them a little. I have found out some delightfully wonderful facts on people when I probe into who they are as a person. And, these traits all link back to who they are as a professional, so don’t think of them as time-wasters or irrelevant questions. For example, think of the grit and commitment someone has to have to train for a marathon. And think of the organizational capabilities someone has to have to work and study full time.

Your story on paper vs. in person. Your story on paper will be a highlighted version of you. When you tell it in person, you can elaborate and emphasis the things you know your listener wants to hear. But, keep resumes brief and concise. My view is that a resume should be a short document that intrigues the reader, and an in-person meeting or interview is where you elaborate.

Ask for feedback. In person, it is easier to sense the listener’s reaction. Not so much over email or over the phone. So, asking for feedback along the way to see if you’re giving enough (or too much) information is really important. That way you know your story is resonating.
​
Messaging your own story to show your career journey is one of the most important things you can do when considering a new role. And, its perfectly ok to emphasize or de-emphasize skills and experience as they relate to the role you’re exploring. The key is to relate, to be specific where you can, and to be unique so you stand out.
 

    Author

    Kate Harry Shipham is the Principal of KHS People LLC, an executive search firm for BD and marketing people in professional services firms. Kate has done search and recruiting for 10 years and prior to that was an attorney. She loves what she does, and is always open to continuing the discussion: kate@khspeople.com

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