Millennials, also known as GEN Y, were born between the years ranging from the early 1980s to the early 2000s and are notorious job hoppers. Reports suggest they have a short attention span and the majority of this generation does not expect to stay with one employer for more than five years.
Companies are feeling the real costs of these job hoppers. Reported in the Chicago Tribune 30% of companies surveyed lost 15% or more of their Millennial employees in 2013; and 87% said it cost $15,000 to $25,000 to replace a former Millennial employee.
Is there any way to keep Millennials from walking out the door? Yes. But it may mean changing your company culture and/or implementing new and creative ways for employee retention. Here are 5 suggestions:
1) Offer Job Hopping Opportunities Inside Your Company. Give Millennials an opportunity to have a wide range of experiences within your company. The ability to move between departments can lead to greater exposure and job fulfillment.
2) Leadership Development. Millennials pay close attention to whether their workplace offers leadership opportunities for them. Your company should develop and implement a variety of leadership programs that demonstrate a commitment to these young employees.
3) Mentorship Programs. Mentoring is very important to Millennials. Establishing an effective mentoring program is both a cost-effective means of facilitating connections, accelerate learning and send a positive message about their future with the company.
4) Current Technology. Millennials grew up with technology in their hands. They’re very comfortable with smart phones, IPads, Laptops, etc. and are keenly aware of the latest applications and improved mechanics. Make sure your company offers the state-of-the-art technology to help them work more efficiently and increase productivity levels.
5) Work/Life Balance. Millennials will work hard but want flexibility. Offer them remote connectivity and alternative work arrangements for community or family events. Also, offer a relaxed environment. It’s no coincidence that this generation admires the work environments of Google, Yahoo and Amazon. Gone are the days of wearing suits and ties as a more relaxed workplace is in.
If you’re a Millennial and change jobs often, please comment on how job hopping has been a positive for you.
In today’s challenging job market, it’s not just about who you know but how you get to know them. If NOT done correctly, networking is a waste of your time. If your approach is to seek out people to tell them about ME, ME, ME, you’ll walk away from every networking event/opportunity disappointed.
The right way to network is to do it with “purpose”. That means think beyond “What’s in it for me?” Instead, think “How can I help you?”
True networking is all about connecting, communicating and building a relationship. It’s about enjoying your conversation with others and actively listening in order to figure out what they need as well as how you can connect them with the right people without designs for personal gain.
For many of you, this revelation is eye opening. It’s probably contrary to what you’ve been doing. If so, the following 5 tips on how to network successfully are especially meant for you:
1) Start networking before you’re in a pinch. Desperation can be smelled from across the room. Don’t be that person with panic in your eyes and only out for yourself. Handing out resumes at an event will make people run away from you instead of towards you. Start networking when you don’t have an ulterior motive. Get to know people and about what’s important to them and start building a relationship.
2) Never dismiss anyone as being unimportant. Everyone has value and you’ll discover that fact if you keep your mind open and don’t judge people based on titles. Remember everyone has connections therefore, everyone is important.
3) Ask for an attendee list. Prior to attending each event, ask the organizer for a list of attendees.You can do some research on the people you want to meet. Check out their LinkedIn profiles and Google their names to gather more information.
4) Fish in the right pond. Unfortunately many of you are attending every event you can. You want to meet anybody and everybody. Slow-down. You need to be more focused. For example, if you’re looking for a big fish, i.e. a key contact with a large company because you want to work for a large company, then you must attend the right event. You have to fish where the big fish are.
5) Figure out how you can be useful. Networking is not just one sided. It’s not asking for favors. It’s about building relationships. It’s about a two way street and that means asking others how you can be of service to them. Be sincere and generous. Give them your business card and let them know they can call you anytime.
Please share how you network with purpose by posting a comment in the box below.
Have you ever lied on your resume or embellished the truth when speaking with a recruiter or hiring manager? It happens fairly often and it puzzles me because background checks and references are quite easy to conduct. In addition, a simple Google search can quickly uncover false information.
Recently I caught a candidate in the midst of a lie just by asking the same question twice. The first time I spoke with him, he said he made $80,000 in 2013 and wanted to better himself by changing jobs. When I called back a week later and asked that same question again to make sure that the position I was about to present was in his “must have” range, he bumped his 2013 earnings up to six figures. All of the sudden, he earned over $100,000 in 2013. I asked to see his W2 for verification purposes but he declined. He also hung up on me which was for the best since any confidence and trust I placed in him was now gone.
What other things do candidates often embellish or just plain lie about? Here are 5 that my team and I encounter quite often:
Enhancing skill sets & accomplishments. If you didn’t do it, or didn’t achieve it, don’t list it. However, there’s nothing wrong with enhancing your resume with quantifiable accomplishments and improving how you display them.
Unexplained gaps of employment. Rather than make up a fictional job to cover an employment gap, try acknowledging the gap in your cover letter. If you were taking time off to raise children or to take care of a sick parent, no employer will fault you especially if you can show that you’ve kept up with the industry.
Fabricated education, degrees and certifications. This is very risky. This lie is one that could not only get you fired, but might also incite legal action on the part of your employer. It’s simply not worth the risk.
Omitting past employment. Depending on the circumstances or why you left a previous job, you might be tempted to leave it off your application or resume. Carefully weigh your decision, because a background check or employment verification could reveal your omission, making it look as if you are hiding part of your work history.
Falsifying reasons for leaving prior employment. There’s a tactful way of explaining being fired or quitting abruptly, and it doesn’t have to involve lying. Just figure out the best way to explain it in as positive a light as possible. Not explaining the reason(s) can and will ruin your chances of getting hired.
Here’s where I need to reiterate that honesty is still the best policy. Lying on your resume or directly to a recruiter or hiring manager will come back to haunt you. Once you’ve told lies, they snowball. If you land the job, you’ve got to keep up the charade of each lie for the rest of your career. Who can keep up with all of them?
Have you ever embellished your resume or know somebody who did and got caught? Share your resume stories with us below.
Public Relations is important for companies to promote and maintain a positive image, but it’s also important for an individual who is searching for a job. If you do not know how to make yourself stand out in the right way, you may lose an opportunity to someone who does. If you aren’t knowledgeable about the company you are interviewing for, you are at a disadvantage to a candidate who is. Not knowing the proper way to use social media and how to network can hurt you as well.
How can you use public relations to help with your search? Here are 6 good ways:
Promote Yourself– Find your strengths and talk about them. Think hard and separate your strengths from your weaknesses, then use your strengths as your sales pitch. This requires you to be honest with yourself. Use anecdotes to elaborate on why you chose what you did as your strengths. It can also be helpful to have personal business cards and a short website about yourself.
Find the Right Angle– Figure out what sets you apart from the other applicants; what makes you better. Go above and beyond the everyday status quo and show your potential new employer what you can bring to the table.
Do Your Research– Be sure to know about the person or company that is interviewing you. Know your personal values and how they align with the corporate values of the company. If they don’t match up exactly, either be flexible and willing to adjust your values to work with those of the company or accept that that particular position may not be for you and move on.
Social Media– It’s important to be informed, so be sure to stay up to date with news and trends. Don’t be afraid to interact with brands and companies on your social media platforms. Remember to follow the 1/3 rule: make 1/3 of your content interaction with your followers, 1/3 industry related, and 1/3 building your brand or business—and don’t forget to keep your personal pages clean.
Network– Talk to everybody you can. Keeping in touch with people in your industry and similar fields can help you in a future job search or in collaborations. Always be nice to the people around you and don’t burn bridges—you never know whose help you will need in the future or who you will run into again
With today’s competitive job market, it is important to maintain every advantage that you can. Overall, PR is a very handy tool to help you stand out.
Have you used any of these methods in a job search or do you have any other ways to use PR?
Mike Silverstein and Kasey Fahey of Direct Recruiters interview
Scott Kornhauser, CEO of Azuba and Founder of Healthation (Aldera)
Scott Kornhauser is the CEO of Azuba and the Founder of Aldera, formally known as Healthation. Mike Silverstein is a Managing Partner and the Director of Healthcare IT at Direct Recruiters, Inc. Kasey Fahey is the Payer Practice Lead of the Healthcare IT Division at Direct Recruiters, Inc.
Tell us about yourself and the company.
My career has been a logical progression. I started in the pharmacy industry, first as VP Operations for a drug wholesaler in New York. This led to an operations executive role for two successful mail order pharmacy and PBM startups. These then lead logically to my role as President of ComCoTec, where I brought the first and most widely deployed commercial PBM system, RxCLAIM, to market in 1991. Today RxCLAIM processes over one billion pharmacy claims annually. After delivering real-time pharmacy adjudication systems for 10 years, it was only logical that I founded Healthation in 2002 (now Aldera), delivering the industry’s first core payer administration system that is architected from the ground up for real-time rules based adjudication across all lines of business.
I am currently the CEO of Azuba. Azuba’s mission is to improve health outcomes by empowering patients and caregivers with meaningful use of their electronic health records – anytime, anywhere. Azuba enables patients and caregivers with mobile access to the patient’s health and medical records across healthcare providers (physicians, hospitals, pharmacies, labs, dentists, urgent care, etc.), payers (insurance companies) and Health Information Exchanges (HIEs) while securely sharing that information with other providers, caregivers and family. Azuba is the perfect activator for patients manage their own health in this new age of coordinated care and personalized medicine. Enabling patients to liberate and activate their own lazy data—Azuba turns the family health history into an indispensable high value
asset for generations to come.
You’re a successful entrepreneur in the payer space and built Healthation (Aldera); how did you see the industry change in those 10 years, and what is your advice to other entrepreneurs?
My advice is to recognize that rapid change in the US healthcare industry is glacier slow as compared to other industries. You need to be prepared for this financially and spiritually. When I started Healthation there was no Affordable Care Act, but it was clear that the political and economic winds were headed towards reform…towards transformation. I think we have seen more transformation in the past 10 years than in the past century combined. But innovation and growth in this market has proven to be challenging. Nimble organizations, technology, and investment are the key ingredients to success. So my advice to other entrepreneurs is have a long-term vision, be patient and stay nimble.
What are the most important market trends to help set company strategy for the future?
I like to refer to what I call the four truths when summing up the current market trends. First, the market is going through a retail transformation. Second, the foundation for this retail transformation is a shift from fee for service to value based models. Third, these value based models require coordinated care to work. And fourth, coordinated care requires real-time interoperable information at the point of decision, sale, and care in order for it to work. Any future strategy must align with these market trends. For example, retrospective data analytic tools without real-time automated decision support capabilities
will not be very useful in the retail coordinated care market.
How are you helping to transition patients into becoming active healthcare consumers?
At Azuba, we believe that healthcare consumer activation and engagement starts with ownership and management of comprehensive personal health records. The market condition – political, social, technological and economic, are all aligning to support retail healthcare consumers. From insurance exchanges to mobile bio-metric monitoring devices, consumers have a growing retail marketplace of options. What they don’t have is an automated way to collect, manage, and leverage all of their health records and information like they can in other retail markets. Azuba will empower them with information automation.
What is the long-term outlook of technology’s influence on population health?
Well, going back to the four truths, personalized medicine and care are the ultimate goal of population health in a transformed retail market. Real-time coordinated value based care can’t happen without technology. Long-term, technology needs to stay far enough ahead of the market to pull the market through its ultimate transformation. Long-term, I see technology’s influence moving population health from dashboards to transactional data services that both inform and automate care.
How do you separate yourself from other mHealth companies? Do you think mHealth will revolutionize the healthcare industry?
mHealth is revolutionizing the healthcare industry…both technically and culturally. It is accelerating the market awareness and expectation of what’s possible and thus desirable in a truly connected healthcare world where consumerism rules. Azuba is not a mHealth company as much as it is a mHealth enabled company. At the end of the day Azuba is in the data business. It just so happens that mobile platforms are dominating consumer communication now and into the foreseeable future.
What is your philosophy on leadership and can it be learned? Any thoughts on how to solve the leadership shortage?
Certainly it can be learned. I think leaders never stop learning. For me, whether you are a leader or not, the most important ingredient for career success is what I call the cumulative benefit factor. If there is no continuous cumulative benefit from your work experience, you are not going to have career growth. Especially in this complex US healthcare market. Understanding this very complex ecosystem and how your area of expertise fits into the bigger picture is invaluable. Leaders need to be more than organizational mechanics; they need to be visionaries that can connect the dots for their team. Each team member then has to be given the tools to do the same. Solve the shortage? Retain and continually educate high quality people so they can add that cumulative benefit factor. Teach them to connect the dots.
How will communication across the continuum of care effect outcomes?
Now I am going to start sounding like a broken record. Coordinated care across the continuum of care is the key to effective outcomes. That’s why at Azuba we are focused not only on creating the market’s first ubiquitous patient health record, but also the “data factory” for real-time data transactions that enable meaningful conversations between all endpoints in the coordinated care delivery system. Like other market data factories, such as Google, Apple, Facebook, Twitter, eBay, LinkedIn, and Priceline, the Azuba data factory sits in the middle, connected directly to consumers, who provide content, feedback, and permissions.
Where do you see the Payer market moving in the next 5 years?
Everyone is talking about the new intersection of payers and providers…providers as the new payers.Payers are deploying an increasingly complex set of tools, technologies, incentives, policies, and analytics to coordinate value based care while sustaining profitable growth. The “XM” of healthcare in the new value based marketplace includes care management, case management, utilization management, disease management, outcomes management and population management. All this management is complex and expensive. Increasingly, payers are franchising themselves into the new at risk provider market. They are packaging their administrative, clinical, underwriting, and technology assets for deployment within provider led at risk initiatives. Over the next 5 years, this will inevitably lead to some interesting business roll-ups and combinations.
What is going through a hiring manager’s head when selecting a candidate? There are 7 top factors that influence their decision making about whether you get hired:
A Great Resume.
To get noticed in the first place, you have to have an impressive resume. Remember, your resume is the first impression the hiring manager will have of you. Keep it current and fresh. Also, look at other people’s resume typical to your industry and check how yours compares.
Showing Long-Term Potential.
Employers want people in their organization to work their way up and grow with the company. Flags go up if they see that you like to change jobs every 2 years. So if asked where you see yourself in 5 years, it’s best to say that you envision your future at the company on a continued success track.
Ability to Get Along with Others.
Since you will spend a lot of time with co-workers, employers want to make sure you have the ability to work well with lots of different people. Also, employees who have a sense of belonging with their co-workers tend to be happier at their jobs.
A Clean Online Presence.
These days, there’s a good chance that the hiring manager found you through social media in the first place. Turn your social media presence into a positive by making sure your public profiles are appropriate and kept up to date.
The Right Skills and Experience.
Having the right hard and soft skills with experience in the industry will put you ahead of the pack. Employers want to know that you can contribute from day one.
Giving Specific Examples.
Hiring Managers want people who can prove that they will increase the organization’s revenues, decrease costs or help it succeed in some way. Provide specific examples in your interview of how you were able to contribute elsewhere and quantify your work if you can.
Just about every hiring manager will be excited about a candidate who is enthusiastic and gives off positive vibes. People are attracted to happy and positive people. If you lack experience and skills, this could be your trump card.
If you’re a Hiring Manager, what else has influenced your decision to hire a specific candidate?
I Found the Perfect Job Online. What do I do Now? By Chris Hesson, Guest Blogger, DRI Plastics Division
After months of browsing online job boards, you finally see that one role that combines your past roles, industry experience and passion. And…it’s local!
What do you do now?
This is a scenario many job seekers face. Unfortunately, most take the worst possible next step: they apply online with the same generic resume they have sent out to so many other companies.
This will most certainly ensure that your resume enters the black hole of corporate HR, never to be seen again!
So, what do you do now?
HINT: Do NOT apply!
Step 1: Customize your resume.
Go through the job description bullet-point by bullet-point. If they are looking for a software developer with ABC experience, your resume should highlight your experience with ABC.
Your resume should mirror the job description.
Similarly, if you have experiences or skill-sets that are not relevant. Leave them off or at the least keep them few and simple.
Step 2: Network.
Before you submit a resume online or to HR look through your network. Do you know anyone that works for the company? Do you know anyone who knows anyone who works for the company?
Do not be afraid to tap your connections for introductions, no matter where they may be within the organization.
For example: If you are interested in an engineering role, but have a 1st or 2nd connection to someone in finance or sales, reach out to them! They may go golfing with or park next to the engineering manager
If you have no connections into the company, you can always coldly reach out to someone on the sales team. Sales professionals are great to network with.
REMEMBER: Networking is a 2-way street. Yes you have the goal of being able to make inroads within an organization, but try to find out where you may be able to provide value to them as well. Networking is all about deposits and withdrawals. You may even be able to return the favor by providing them with a lead!
Step 3: Repeat Step 2!
Connect with multiple people: develop rapport with them, learn about the company’s philosophy and culture, use them to connect you to other people within the organization.
Step 4: Leverage your network.
Use your old or new-found connections to introduce you to the hiring manager (or worst case – HR), or at the very least pass along your resume, and strongly recommend that they reach out to you.
Step 5: Repeat Step 4!
Having multiple people within an organization championing you increases your chances of having that first conversation with your potential new boss! A job search is like sales: it is all about pipeline. (Some people choose to focus on pipeline by sending their resumes out to every company hiring. But I would recommend honing in on those perfect roles and increasing your pipeline towards them).
Step 6: Talk to a recruiter.
Try to find recruiters who have done business with that company before. Some recruiters highlight who they work with on their website, or you may see that the hiring authority (or multiple people within the company) is/are connected to several recruiters. Reach out to them. Tell them that you are interested in connecting with a company they already know about and a position where they may already know the manager!
At the end of the day, nothing will guarantee you an interview, offer, or even a conversation; but increasing your exposure will decrease the odds that you end up in the resume black hole!
You found a new job. It’s time to resign your current position. But how do you quit and leave on a positive note at the same time?
Our team of recruiters at DRI can’t say enough about how important it is to leave your current job on good terms. We suggest that you make plans for a smooth exit and resign as graciously as possible even though you might be thinking “Take this job and shove it”.
Here are 6 great tips on how to resign properly:
1) Resign with Class. Craft a short, two or three sentence letter that announces your resignation and provides a two week notice. Make sure to mention your gratitude for the position. However, do not use the resignation letter to provide information about your next opportunity.
2) Resist the Counter-Offer. This is a big one. Chances are good that your current employer will offer you more money to stay. Don’t be tempted to say yes. The same reasons of why you are leaving will still be there, In addition, if it takes a letter of resignation to get you more money, keep moving forward. This isn’t the place for you.
3) Continue the Pace. Don’t go into the cruise mode once your resignation has been submitted. In fact, do the opposite and put the medal to the pedal! Leave your company and position in the best possible shape. If your boss asks you stay on longer than 2 weeks, see what you can work out. Protect your good reputation.
4) Pack Your Stuff But Leave Theirs. Don’t leave behind a big mess. Clean out your desk and pack your stuff. However, when doing so, don’t’ be tempted to take anything that belongs to the company. It’s not worth tarnishing your reputation and relationship over swiping a stapler or tape dispenser.
5) Don’t Trash Talk. If you are disgruntled with your employer, it’s better not to trash them to others. Word gets around much faster these days especially with social media and you want to leave on a positive note. Also, don’t forget you may need a professional reference from them one day.
6) Exit properly. Don’t make yourself scarce on your last day of work. Instead, go around the office, shake hands, and thank management for the opportunity to work there. If possible, give them a number where you can be reached in case they have any questions. Also, take a moment to thank your co-workers and tell them how nice it was to work alongside them. Don’t burn any bridges and leave with class.
Perhaps you are leaving your current employer now. If so, tell us how you plan to exit by posting below.
Do you feel like you’re shuffling off to work every day and that it should mean something more than a paycheck? Is the spark gone? Then, maybe it’s time for you to change direction and look for a new job.
Every day at Direct Recruiters, we speak with active and passive candidates who are unhappy in their current positions and ready to make a move. When we probe further and ask them to be more specific about why they’re unhappy and to pinpoint what they don’t like about their current job or company, we often hear the same reasons over and over again.
Can you relate to any of our top 6?
1) Stagnation: Feeling underutilized to the point of atrophy. It’s a bad sign if you’re not being challenged and lose the stuff that makes you stand out professionally. To keep your skills honed, you need to use them often. If not, you’ll lose them and fall behind.
2) Overwhelming Workload: It’s normal to feel frazzled every so often but if you’re job has become too overpowering on a daily basis, it’s unhealthy. Over the past several years, many of you have had to take on the work of 2 or more people. Increased workloads mean heightened stress and high stress can lead to burnout.
3) Bad Reputation of Company: According to a poll taken by CR Magazine in 2013, 69% of Americans would rather be unemployed than work for a company with a bad reputation. Moreover, 84% would leave their current employer in a minute for a company with a favorable reputation.
4) Sick of Broken Promises & Merit System: If your boss routinely promises a raise and/or promotion but you get passed over each time, chances are you’re feeling disappointed and misled. You realize there’s no growth in your current job. It won’t be long before you become totally disgruntled and on the chopping block.
5) Inept Manager(s): It is often said that good employees don’t leave companies, they leave bad managers. Bad manager practices deflate employee morale and in turn, mishandled employees stop caring about how well they perform their job and even become indifferent to company goals and objectives.
6) Change in Family Circumstances: A change in your personal life (marriage, having children, etc.) may make it necessary to find a new job because of location, finances or a need to spend more time at home.
Please share your story regarding how and when you knew it was time to look for a new job.
Success has nothing to do with luck. Success begins when developing a successful mindset. This mindset in turn builds character and ultimately creates success.
There are 7 things that all successful people have in common. Not to worry if you don’t have all seven. They can be learned. Find a role model and emulate their habits and behaviors that brought them success. Also, ask them to be your coach in order to help you learn and grow.
1) They are dreamers. Successful people dream big and don’t put boundaries on how far they can reach. They will do one thing each day that puts them closer to reaching their goals. However, they dream with a plan because without a plan, a dream is just a wish.
2) They are willing to fail. Success doesn’t come easy and people are bound to fail along the way. Rather than staying down, Successful people pick themselves back up and learn from their failures and use them as stepping stones to success.
3) They invest in themselves. Successful people invest their time and money towards bettering themselves. They strive to learn a new skill or improve their current ones. They realize that without knowledge, they don’t have power and without power, they cannot reach the next level.
4) They network and connect with others. Successful people network with like-minded individuals. They seek out people with similar goals and who bring out the very best in them. They will join associations and attend events to stay connected.
5) They take action. Successful people take immediate action and have excellent decision making skills. They don’t wait for things to happen but make things happen and do it without looking back or having regrets.
6) They embrace change. Successful people don’t fear or resist change, they embrace it. With the world moving at warp speed and technology rapidly changing, they adapt and realize that change is inevitable.
7) They see the bigger picture. Successful people never stop moving forward. They knock down any brick walls in their way. They also know that the problems they are facing today probably won’t matter next week or in the long run. They are unstoppable.
What other traits do you think successful people have in common? Please post below!