Career

Stuck In Job Applicant Purgatory? How To Get The Process Unstuck

iStock | Thomas Bernd

If you think employers are making it harder to get a job, you’re right. Employers believe they have the leverage and are using all sorts of tactics to lengthen the hiring process. Here are just a few:

  • Multiple rounds of protracted interviews

  • Tests/presentations/case studies

  • Heavy focus on cultural fit

  • Taking their time to make final decisions because they know they have multiple qualified candidates in the pipeline.

Unfortunately, as a candidate you have little recourse and not a lot of influence on the time and trajectory of a hiring process. Right now, employers are not in a rush and you have to judge on a case-by-case basis if what you’re being asked to do is worth your time. When you do pursue open positions there are strategies to mitigate employer sluggishness. Here’s a few ways to get the process unstuck.

  • Don’t put all your eggs in one basket. Cast a wider net than you may normally be inclined. Don’t apply to jobs you don’t want, but have as many pokers in the fire as possible. There is a myriad of ways this may be to your advantage. For example, an offer by one company sometimes triggers action from another. A company that drags you along may drop on your list while another job you hadn’t given serious thought to becomes a front-runner. Diversify. Apply to some jobs a little bit outside your box and see where they go.

  • Do your homework. You can avoid getting bogged down in a lengthy and time-intensive job process by researching a company’s culture. If you don’t think you’d be a good fit, move on. Don’t get caught in a loop over a job you’d turn down if offered. However, if you think you’re perfect for Company XYZ’s fast-paced, analysis-driven environment, go for it. In an interview, push your professional attributes that best fit with the culture.

  • Be a recruiter’s friend. If you’re working with a recruiter making their life as easy as possible is to your advantage. Do NOT stalk your recruiter; nothing turns a recruiter off more than the person who calls five times a day when there’s nothing to discuss. Be available. Answer recruiter messages and questions quickly. Make it a priority. If a recruiter calls a bunch of people, the ones who respond quickly get in on the action. Be cooperative. If you agree to something, stick to it. Be an ally.

  • Demonstrate value. If employers can be selective, they will. In interviews, you can counter by demonstrating the value you will bring to your new role. Hiring managers can read your resume and see what you’ve done for other people, it’s your job to let them know what you’re going to do for them. As part of your response to every question, let them know how you will add value. Really push that narrative.

  • The next steps. At the end of interviews, candidates are typically asked if they have any questions. You should ask about the next steps. This may be your only chance to get details of how their internal process will progress. Don’t pepper them with questions, but if you can find out how long it may take before a decision is made, or when a subsequent round of interviews begins, you’re empowering yourself to steer the next steps in your direction (so to speak).

  • Use references and thank you notes to your advantage. Use every tool at your disposal to make your candidacy distinctive. References demonstrate that other people value what you do. Thank you notes show you value what other people do. Small, traditional touches like that can be a differentiator.


Philip Roufail contributed to this article.

Scott Singer is the President and Founder of Insider Career Strategies Resume Writing & Career Coaching, a firm dedicated to guiding job seekers and companies through the job search and hiring process. Insider Career Strategies provides resume writing, LinkedIn profile development, career coaching services, and outplacement services. You can email Scott Singer at scott.singer@insidercs.com, or via the website, www.insidercs.com.

Are You Suited To A Career With A Private Equity-Owned Company?


A recent article in Forbes chronicles the rise in popularity of private equity. According to the article, as of 2021 private equity firms accounted for 20% of U.S. businesses, and between 2016 – 2021 the number of firms increased 58%.

As the name implies, private equity invest money to buy businesses. Once a private equity firm acquires a company its goal is to maximize its value and then sell the company for a profit.

For the private equity firm (and its investors) and the owners of the companies in which they invest, this is a great business model that takes time, diligence, and patience but the payday is epic. For employees of companies that are bought by private equity firms what comes after is uncertain and, according to Forbes, it is a fact that the company will be sold on average within 5.6 years. For professionals who’ve staked their future in a particular job, that’s a head-spinning and rapid set of changes. 

In the same way leveraged buyouts radically altered the business landscape in the 1980s and 1990s, private equity is fascinating because of the long and deep web it spins. For accredited or institutional investors, it offers aggressive investments with potentially sky-high returns within a relatively short time frame. Working in private equity can be both challenging and lucrative. 

Because of private equity’s growing influence on U.S. business and, subsequently, the job market, here are some things to consider about private equity no matter which strand of the web you may find yourself:

  • Unlike publicly traded companies beholden to broadly distributed shareholders, private equity firms are only accountable to themselves and the investors that give them the capital to operate, a portion of which may come from the private equity firm itself.

  • If you work for a private equity firm, you may be able to participate in “capital calls,” which allow employees to invest in its company investment funds with potential returns far greater than salaries and bonuses.

  •  Private equity firms aren’t in the game for the long term. They’re players and if you want to work for one, or succeed in a company they’ve acquired, you must be hyper-results-oriented and demonstrate immediate value to the balance sheet.

  • If you work for a company acquired by a private equity group you may find the ownership to be more involved in the day-to-day operations than it would be within a publicly traded company. What you do may roll up to them instead of the standard manager or supervisor path you’re accustomed to.

  •  When a private equity company acquires a company, it is common to execute an immediate restructuring that may include a change in the company’s leadership team, installing members on the company’s board, and instituting changes that may lead to staff terminations. Somebody is suddenly on a board of directors, and somebody else suddenly loses their job.

  • If you have professional experience in mergers and acquisitions private equity may be a good home for you. That’s their bread and butter in building their portfolio.

  •  If you work for a private equity firm you may end up working across different companies or you may be moved from one company to another. That can be an asset or a liability depending on the circumstances.

  • Unlike mergers and acquisitions of publicly traded companies that want to move toward stability and predictability to assuage their shareholders, if you work for a company acquired by a private equity group, change is built into the system. You’re not working toward stasis. You must be able to thrive in that kind of environment.

  • According to Forbes, the increase in private equity groups has created a more competitive landscape. Private equity of the future will be more specialized. In addition to strict criteria to determine what companies to acquire, firms will focus on a single sector instead of a diversified portfolio to decrease their competition with other private equity operators.

 

Ultimately, job seekers should investigate the ownership of companies to which they apply. If you target a company owned by a private equity group, you should expect the company culture, workload, expectations, and future to be tied to that fact.



 Philip Roufail contributed to this article.

Scott Singer is the President and Founder of Insider Career Strategies Resume Writing & Career Coaching, a firm dedicated to guiding job seekers and companies through the job search and hiring process. Insider Career Strategies provides resume writing, LinkedIn profile development, career coaching services, and outplacement services. You can email Scott Singer at scott.singer@insidercs.com, or via the website, www.insidercs.com.

The Pros and Cons of Applying Internally To Other Jobs at Your Employer

iStock | AndreyPopov

If you're applying for a new job at your current company, being an internal candidate (i.e., a current employee) is your greatest advantage and your greatest disadvantage. On the one hand, everybody already knows you and you have a track record with which everyone is familiar. On the other hand, everybody already knows you and you have a track record. The trick is to reset perceptions and prejudices of you as if you were an unknown external candidate.

 

Advantages of being an internal candidate:

1.        You know the company and culture. When you walk into your interview, you may know more about the inner workings of the company than the people interviewing you. You speak the language. You know the buzzwords they want to hear and even the company’s long-term plans. You know or can inquire about, facts about the job that only an internal candidate has access to. This gives you a sharp edge over external candidates.

2.        Many companies favor internal candidates. Managing expectations is part of the recruitment process, thus many companies that favor hiring internally may not broadcast that fact. However, many have mechanisms in place to favor internal candidates. Think of it as being graded on a curve. You get points for already being on the payroll. What the rest of your employee file says is up to you.

3.        You have allies inside the company. In more situations than not, whoever is on your side can step up to the plate and bat for you. This behind-the-scenes influence may be more potent than anything else. The stronger and more influential your sponsor, the stronger and more influential the recommendation. 

4.        You can market yourself directly to the stakeholders. You have unprecedented access to everyone involved in the hiring process and can press your case. Don’t be overbearing and bring the receipts. You may remember your impressive achievements but others may not. Be your biggest fan but be respectful of boundaries.

5.        Hiring internally is an easier transition for all. Recruiting and onboarding is time consuming and expensive. If you misfire, you’re back at square one and the liability increases. You can know a lot of things at the end of a recruitment campaign but you’ll never know 100% that it will be the right fit. Some aren’t. The fact that you’re already an employee means less upfront costs and risk. Internal candidates can hit the ground running on the first second of their first day. New employees don’t know where the bathroom is and can’t remember the password to unlock their computer.

 

Disadvantages of being an internal candidate:

1.        If you don’t get the job, you have to go back to your old job. For many, this is the most anxiety-producing feature of being an internal candidate. In a typical get-a-new-job scenario, you go through a series of interviews, receive an offer, negotiate, agree on terms, and show up on day one. If you don’t get the job, you most likely receive a conciliatory email at best and get ghosted at worst. End of story. If you’re an internal candidate, however, and you don’t get the job (and you don’t quit your current job) then you have to report for work the next day with a smile on your face. Everybody knows you put yourself up for a job and everybody knows you didn’t get it. It’s a challenging and awkward situation.

2.        Haters gonna hate. Even Mother Teresa had detractors. Just like your allies will bat for you, internal opposition may be less than helpful. Hopefully, that’s not the case, but if it is, the forces that rally against you are beyond your control. Don’t get distracted, but know this is a potential part of going after an internal job.  

3.        Everyone already has a strong opinion of you. People have opinions and it takes a lot to change them, including opinions of you. Keep in mind that your role is not to change people’s opinion of you (that would be futile), it is to convince them you are the perfect person for the job. Focus on that.

4.        Don’t have the attitude that the job is yours. Nothing’s a given. That kind of attitude reeks and won’t help you with this cause or your next one. You need to impress people who know you, have a professional history with you, and already have strong opinions of you. There is no reason to believe they don’t take their recruiting responsibilities seriously and that a smug candidate isn’t going far. Exercise some humility.

5.        Your promotion or may not include the big pay increase you are ready to prove you deserve. Compensation may not be as aggressive for internal candidates as external in-demand talent or professionals you are trying to woo away from another company. You may get low-balled and they have the leverage. Good luck.

 

Other factors to consider:

1.        Don't assume you are the only (or even most qualified) internal candidate. When there are internal candidates for a plum job, many companies will try and keep the process as close to the vest as possible. Even if you have not heard anything definitive, chances are some of your co-workers are going after the job as well. Competing against other internal candidates levels out the advantages you may have over external candidates.

2.        Get your manager onboard with your candidacy. At your employer, your boss may actually be required to sign off on your application as part of the process. Regardless, approach your manager and tell them you want to pursue an internal job opening. If they are on board, that is a great starting point. If they agree to champion you for the position, that’s an even better outcome. If they discourage it, you may want to reconsider after hearing their reasons. There are already disadvantages to being an internal candidate, but if your immediate boss doesn’t recommend you, that’s a very steep uphill climb.

3.        Update your resume & LinkedIn profile. Don't expect HR to have a copy of your resume on file (especially if you've been in your current position for a while) and, even if they do, it is bad form to ask them to use if for your application or to send you a copy. And make sure it’s bleeding-edge current. 

4.        Update your resume & LinkedIn profile as if you are an external candidate. Yes, your co-workers and bosses know everything about you, but you should resist the temptation to approach your application like it is just a formality. It's not. It's a critical tool that will officially be used to advance or end your candidacy. When you add your current position, the section should be written as if you are applying to a different company. Use it as an opportunity to focus the reader on your best accomplishments.

5.        Have a plan for the day after. There are only two possible outcomes. You get the job, or you don't get it. If you got it, you're locked in. Get ready to live up to the promises you made. If you didn't, then it’s back to work with all the trimmings. Regardless of whether or not the new hire is an internal or external candidate, you have to work with them every day in peace and harmony.


 Philip Roufail contributed to this article.

Scott Singer is the President and Founder of Insider Career Strategies Resume Writing & Career Coaching, a firm dedicated to guiding job seekers and companies through the job search and hiring process. Insider Career Strategies provides resume writing, LinkedIn profile development, career coaching services, and outplacement services. You can email Scott Singer at scott.singer@insidercs.com, or via the website, www.insidercs.com.