Career Moves, Mumbai

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Contributed by: Ishwar Chidambaram, CFA

IAIP organised a Speaker Event titled “Career Moves” by Luis Moniz, Executive & Career Coach, FrontRunner Career Advisors in Mumbai on December 12th 2013. The event is reproduced below.

Luis started the session by asking the audience members as to how many people in the audience considered themselves as Entrepreneurs. Only a few audience members raised their hands. Then the speaker replied by prompting that Everybody — irrespective of their profession or vocation— is inherently an Entrepreneur, since all are engaged in the Business of ‘adding value’ to the organization where they work. The value added is the net deliverable of every employee, which is the parameter on which all are judged.

Next on his presentation were the issues critical to maintaining a harmonious and symbiotic relationship between organizations and their employees. He emphasized that, in order to survive and prosper in a difficult job market, employees must ‘create their own personal USP’, i.e. ‘no plain vanilla’ will be acceptable to any employer over any given period of time.

Phases of the Job Life Cycle

The Six Phases of the Job Life Cycle as follows:

  • Phase I: “Idealize”- Here the employee is convinced that his job is the greatest job in the world, one with the perfect Job Description.
  • Phase II: “Honeymoon”- Here the mutual admiration between the employer and employee is at its peak. In the eyes of both parties, the other party can do no wrong.
  • Phase III: “Ideal versus Reality”- In this phase, the first semblance of reality starts trickling in, signaling that the “honeymoon” is over and practical mundane matters must be attended to.
  • Phase IV: “Peak Performance”- This phase is where employees attain and maintain peak productivity. The speaker termed this as “Energy-Magnetism Confluence”, which he would explain later. He stated that only a fortunate few attain and maintain this phase over extended periods of time. All great geniuses in history, like Mozart, Da Vinci and others are examples of this dominant phase.
  • Phase V: “Plateau”- From here on, the ‘Magnetism’ component starts to dominate. The employee feels like he has achieved all he possibly can and there are no more challenges left to achieve. The heady exhilaration of Phase IV starts to wane, only to be replaced by a creeping feeling of stagnation.
  • Phase VI: “Devaluation”- This is the most negative phase, marked by constant antipathy towards the job. Everything in office seems headed southwards, and everyone seems against the employee. The employee has no desire to go to work, as he/she feels constantly devalued at office. Push factors predominate in this phase, and conspire to end the employee’s association with his/her organization.

Luis asked audience members to give a frank and honest assessment of which phase they were at in the above Job Life Cycle. Several members chimed in with their answers, which ranged from Phase II, III, IV and V and a few even stated they are in Phase VI, which drew peals of laughter from the assembled audience.

Resume Writing

Luis spoke about the techniques of Resume Writing. He outlined a few basic principles as follows:

1. No Photos: CVs should be free of any and all photographs whatsoever

2. Quality over Quantity: Emphasis should be on cutting down verbiage and sticking to facts

3. Essential Information: All important details must be explicitly mentioned

4. Action words: These must be used extensively and appropriately across the CV

5. Accuracy of Information: All details must be accurate and verifiable

6. No Acronyms/Jargon: These should be eliminated or kept to bare minimum

7. Spell Check: Usage of this tool is essential, especially before sending out the CV

8. Proof Reading: Ask a friend to proof read the CV to minimize errors

9. Font Type: Use a suitable font style and size; popular fonts

10. Margins and Spacing: Use suitable margins and spacing

11. Heading Alignment: Always centre the headings

12. Paragraph Alignment: Use left alignments

13. Bullet points: Use a maximum of 2 lines per bullet point

14. File type: Always send only PDF versions to recruiters, to avoid tampering

15. Social media: Always include a URL to your LinkedIn profile in the CV

Resume Outline/Formatting

The basic principles of CV formatting:

1. Heading: This should contain Name and Contact information only

2. Professional Title should be at the very top of the CV

3. Professional Summary: This should be 2-3 lines on Skills, and can include things you are

great at or passionate about, relevant experience, etc.

4. Core competency/keywords: This can include relevant skills and competencies

5. Summary of Achievements: Include one point for each role, although freshers should avoid this

6. Education: Include all degrees, certifications, technical skills, professional memberships arranged in reverse chronological order.

7. Job Roles: Include specific titles with Start Date and End Date in MMYY format

8. Sabbaticals and Gaps: Full disclosure is the norm for such gaps

9. Personal Information: Include residential address, 2 to 3 passionate personal interests. Date of Birth details are fine in India, but illegal in some places like the US. No marital status or nationality details required. No passport details are necessary, unless you need a work permit.

LinkedIn Basics

• Personalize your URL to lend a personal touch

• Upload a recent color photo to your profile

• Use Slide Share to post presentations

• Provide a link to your LinkedIn profile in your email signature

Other Networking Sites

• ZoomInfo

• Ryze

• Efactor

• Spoke, etc

Types of Hiring

Luis stated that hiring is of two types- Growth Hiring and Churn Hiring. He elaborated that the former occurs during periods of rapid economic growth, while the latter occurs irrespective of the business cycle, due to employee layoffs and attrition.

He went on to ask the audience as to which question is universally considered the trickiest to answer during an interview. Members of the audience replied that the most difficult question to answer is “Tell us something about yourself”!

Competency Based Interviews

The speaker illustrated the three facets tested under such interviews:

1. Knowledge, Skills and Experience

2. Leadership, Vision and Strategy, and

3. Personal Attributes

Behavioral Event Interviews and STAR

The speaker then elaborated on Behavioral Event Interviews, claiming that this was the future of interviewing. He categorically stated that the best way to answer such interviews is by following the STAR framework. He went on to describe the components of STAR, as follows:

• ST= Specific Situation and/or Tasks you had to accomplish

• A= Action you took to respond to the situation described above

• R= Results achieved as a result of the action taken above

The speaker suggests spending a maximum of 5 minutes per event described, to keep it short and stay relevant. He also suggested creating a list of events in the STAR format described above. These events should ideally highlight the applicant’s skills in diverse areas related to business leadership and achievements.

Conclusion and Vote of Thanks

To sum up, Luis went through the highlights of the evening’s presentation and opened the discussion for questions. Audience members peppered the speaker with relevant questions pertaining to their fields of activity. The speaker fielded the questions and answered each with aplomb, bringing to bear his own experience in Investment Banking and Mentoring/Coaching. The event was concluded with a Vote of Thanks delivered by Jitendra Marchino, CFA who thanked the speaker for an enlightening presentation and also thanked the audience for their enthusiastic participation.

– I C 

About IAIP

India Association of Investment Professionals (IAIP), which is established April 2005 and located in Mumbai, is an association of local investment professionals. As one of the 136 CFA Institute member societies, IAIP connects members to a global network of investment professionals. Consisting of portfolio managers, security analysts, investment advisors, and other financial professionals, IAIP promotes ethical and professional standards within the investment industry, facilitates the exchange of information and opinions among people within the local investment community and beyond, and works to further the public’s understanding of the CFA designation and investment industry.
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