Welcome to the Fulcrum Search Science Bi-Annual 2007 Personal Career Management Newsletter!

This newsletter and our Career Support Program© have been created to assist business professionals in realizing their career ambitions to the fullest potential.

Bi-annually we will send you our career-support newsletter, a forum for business professionals who have a progressive interest in their careers. In this issue:

Market News - Career Advice from our Consultants
Feature Article - How Am I Doing? A Question Every Leader Should Ask at Year-end
Food for Thought - Year End Check-up for Canadian Investors


We also try to work with you for the long-term. If you have interviewed with one of our consultants but are not the "perfect fit" for a position, we have a network in place to keep you informed proactively of other opportunities that could be a better match.

Whether we can assist your career in the short or long term, we strive to create a winning scenario! So remember…. Keep in touch with us! Let our Career Support Program© professionals know about the changes and advancements in your career. Or turn to them for free personalized career advice.

At times it is in your best interest to grow your job with your present company. Other times your career will grow through an exciting new opportunity. Regardless of whether you are considering a career change, check into this career management newsletter. The Career Support Program© is here with your best interest in mind!

Bruce McAlpine, B. Eng., MBA, CPC
President

Table of Contents

Market News
Feature Article
Food for Thought
Career Support Program
Career Humour


Market News

The most recent news about the recruiting front from our top executive recruitment team. This section is divided by specialty but be sure to read each one as it may pertain to you!

Sales & Marketing

The First 100 Days
by Bruce McAlpine, President

While more and more of the Fortune 500 companies are offering formal “on-boarding” for newly hired executives, most new hires these days are still left with the task of “figuring it out” on their own.  This is particularly challenging, as the First 100 Days are crucial in your long term success in the role.  A few early wins, and your reputation is established - a few early losses, and you may be on a downward spiral from which there is no salvation.

Very early on, you will want to negotiate a realistic set of expectations with your boss for the first 3 months.  This should include time in the first month to learn the business, to understand the corporate culture, to assess the hand you have been dealt, and to build meaningful networks with peers.  The second month should be devoted to building an action plan for short and longer term deliverables based on your needs assessment and input from your boss on meaningful priorities.  The third month should be devoted to implementation, and to the achievement of early wins from the low hanging fruit.

At the same time, you will want to build in regular “pulse checks”, to see how you are coping with the energy sapping task of learning and meeting new people, and the stresses of trying to build a positive reputation for good judgment and decisiveness.  You will want to solicit feedback on how you appear to be doing from friends and loved ones, as those closest to you are probably in the best position to notice the telltale signs of over-commitment.  If a relocation is involved, you will also want to be watching for signs of strain in the rest of your family unit.

Job change is stressful, but with proper planning, you can eliminate a lot of the potential contributors to failure, and set you up for real success.

Our Sales/Marketing Consultants:

Bruce McAlpine, B. Eng., MBA, CPC, President
416-847-4989
Fax: 416-350-9659
E-mail: Bruce.McAlpine@fulcrumsearchscience.com
Chris Twigger, CPC, Vice President
416-847-4959
Fax: 416-350-9649
E-mail: Chris.Twigger@fulcrumsearchscience.com
   
Aaron Hunte, Consultant
416-640-5285
Fax: 416-350-9659
E-mail: aaron.hunte@fulcrumsearchscience.com
 

Finance & Accounting

Keep a Record of Your Accomplishments
by Ken Stouffer, Vice President

One of the most important parts of a good resume is a list of accomplishments.  The kind of accomplishments that have the most positive impact are those that made a significant difference to your employer in terms of saving money, streamlining processes etc.  Those that you can honestly quantify in terms of how much money/resources was saved etc. will work most strongly in your favour. 

The problem a lot of people have is they don't remember the details of some of their most notable accomplishments and in some cases have entirely forgotten about a key accomplishment.  When it comes time to dust off your resume, having the details of your best accomplishments at your fingertips and properly displayed on your resume can make the difference between getting called in for an interview and being passed over.  Furthermore, if you are able to recall and talk clearly about your accomplishments in an interview, it can make the difference between getting that ideal job and not getting it. 

All employers want to hire someone who adds value, and your ability to communicate the value you have brought to current and previous employers is key to you getting the offer for that dream job.  The moral of the story is to keep a journal of your accomplishments so that you don't short change yourself when it comes to putting your best foot forward in the interview process.

Our Finance/Accounting Consultants:

Ken Stouffer, CPC, Vice President
416-847-4986
Fax: 416-350-9649
E-mail: Ken.Stouffer@fulcrumsearchscience.com

 

   
Paul Maroney, Consultant
416-847-4990 Ext. 282
Fax: 416-350-9659
E-mail: Paul.Maroney@fulcrumsearchscience.com

 

Operations, Logistics & Engineering

Put Your Best Foot Forward
by Joe Braccia, Senior Recruiter

Candidates - sell yourself during interviews. Even if you are not interested because you can always say no later.  Who doesn't like options?  Selling yourself or putting your best foot forward goes a long way during interviews because you never know where things could go after all is said and done.  Another hidden role may be presented to you if you choose to pass on the first or a client may even recommend you to another firm he/she knows is hiring.  Even if you are a recruited candidate or were actively seeking, you have gone this far, go the rest of the way and leave yourself with as many options as possible.

Our Operations, Logistics & Engineering Consultants:

Silvio Rossi, CPC, Vice President
416-847-4984
Fax: 416-350-9652
E-mail: Silvio.Rossi@fulcrumsearchscience.com

Joe Braccia, Senior Consultant
416-847-4981
Fax: 416-350-9634
E-mail: Joe.Braccia@fulcrumsearchscience.com

   
Carol Ellen , Consultant
416-847-4990 Ext. 251
Fax: 416-350-9659
E-mail: Carol.Ellen@fulcrumsearchscience.com
 

Click here to view current positions on the fulcrumsearchscience.com website!


Feature Article

How Am I Doing? A Question Every Leader Should Ask at Year-End
by David Bratton (Certified Management Consultant and President of Bratton Consulting Inc. in London.)

Taking stock of how we do things is an annual ritual for most of us. We look back on the year just past and think about the things we did, what we might have done differently and what we should do differently in the New Year. One stocktaking exercise that many leaders avoid is a review of their own behaviour as a leader.

You might think you are a good employer and that you communicate well with your employees but, every once in awhile, you need to check your own behaviour to determine if there is a gap between the way you think you behave and the way you actually behave. It is often quite a revelation when you get some honest and direct feedback that tells you that sometimes you don’t follow your own advice.

Based on some timely feedback, you might need to change your own behaviour in order to change the behaviour of one of your difficult employees. While change is difficult, you can modify your behaviour to fit the circumstances. Here are three examples of how you might modify your behaviour when dealing with employees.

Make Praise Specific

For example, most people will tell you that praising an employee for good work is a smart thing to do. However, a generalized, ‘Good job” is not nearly as effective as a specific compliment for a job well done. Telling someone they’ve done a good job just because you think that’s the thing to do just doesn’t cut it with employees. It’s much better to say something like, “Bringing in that new business from the XYZ Company was a really good thing. It sure helps us in our sales effort.” While it might sound hokey, it tells the employee that you: (a) appreciate his or her effort, and (b) that you know what and how well they are doing.

Similarly, complimenting someone on a new suit or something personal, while a nice thing to do, doesn’t improve performance or morale. Remember, the goal is to develop employees into excellent workers, not curry favour or make a friend.

Reward Desired Behaviour

Many managers manage “by the numbers” believing that numbers tell the whole story of an employee’s performance. Not so! There are many examples of measurement systems that measure the wrong things or are flawed in some way. If the reward system is based on that flawed system, there is a significant chance you will also reward the wrong behaviours. Consider, for example, an employee who concentrates on training and developing other employees. The developed employees may make their number and be rewarded while the person who trained them, not making his or her own numbers, is penalized. If your measurement and reward system penalizes the wrong employees, you have a problem!

Money Isn’t Everything

Study after study on worker motivation validates the fact that employees want, first and foremost, a satisfying job. They also want recognition for a job well done and money is often one source of recognition but not the only and sometimes not the most important source. Most employees understand that if they do a good job, they will be rewarded.

Creating highly-motivated employees, a goal that many managers and supervisors share, is not that difficult. It simply involves providing interesting work; giving employees an opportunity to meet some challenges and to demonstrate their ability to achieve and then providing appropriate recognition for a job well done.

Check your reward and recognition system and see if your employees understand the link between performance and reward. If they see the link clearly then your systems should produce extra-ordinary results from ordinary people.

David Bratton is a Certified Management Consultant and president of Bratton Consulting Inc. in London. He also represents Drake Beam Morin (DBM), one of Canada’s largest career counselling and outplacement firms. He can be contacted at (519) 679-2774 or by email: dbratton@brattonconsulting.com


Food For Thought

Year End Check Up for Canadian Investors
by Richard Bruton

The end of 2007 is fast approaching. Here are a few useful personal financial management tips for your consideration as a successful professional, looking at accumulating capital for a financially sound retirement. Minimizing your tax bill is of great importance, since it will help you grow your personal net worth faster.

  • Start gathering all your tax-related documentation early and organize it to facilitate the work of your tax preparer. This will help reduce the costs of preparing your tax returns.

  • Instead of making your RRSP contribution in February, consider making it in installments throughout the year to benefit from dollar cost averaging (if you invest primarily in mutual funds), or in August or September, when Canadian equity markets tend to be at their lowest levels of the year. Your RRSP contributions for 2007 can also be made during the first two months of 2008.

  • If you are a high income earner, or if you have generated substantial investment  gains, seriously consider investing in resource tax shelters sanctioned by Canada’s Revenue Agency which will allow you to deduct the full investment against your taxable income from other sources.

  • Instead of donating cash to your favourite charity, consider donating investments in which you have enjoyed capital gains. Under current rules, capital gains triggered by a donation of securities or mutual funds to a charity, are exempt from tax.

  • If you make charitable donations of clothing and household items, their value is only deductible if the property donated is in good used condition.

  • Selectively sell in 2007 those investments held outside of registered plans that will trigger capital losses.  By doing this, you can offset the losses against your 2007 capital gains, and reduce taxable gains on investments. You can carry investment losses indefinitely.  Tax rules allow you to offset this year’s capital losses against capital gains for the three preceding years.

  • You might also defer until 2008, the sale of investments which will trigger capital gains. In this way you will only tax taxes on these gains in 2009.

  • If you have minor children, consider contributing towards their Registered Education Savings Plans (RESP) before year-end to get the Canada Education Savings Grant. 

  • If you are making a spousal RRSP contribution, be aware that these attribute back to you should you withdraw funds during the next three years.  To reduce the waiting period, do your spousal RRSP contribution before the 31st December 2007; by contributing in January or February 2008, the three year waiting period will extend to 2011.

  • If you are turning 69 in 2007 you will have to convert your RRSP into a RRIF by year-end.

  • If you are setting up a RRIF, consider basing the withdrawal schedule on the age of the younger spouse.  This will minimize the minimum withdrawal amount, allow the remaining investments to grow tax free and help reduce your taxable income in future years.

  • Investing in mutual funds in your non-registered investment accounts prior to year-end will subject you to paying taxes on gains you have not benefitted from.  Holders of mutual fund units at year end, pay taxes on all capital gains gained within a fund during 2007.

  • You may deduct certain job search related expenses while in your present occupation. This is possible, even if you do not get a new job. This is not possible if you are looking for work for the first time, or if there was a considerable break since your last job and your job search.

  • You may be able to claim the leasing costs or depreciation expense of your personal laptop or home computer if you use it for work.

Richard Bruton, B.Comm.(Hons.) MIAC
Investment Advisor
Canaccord Capital Corporation
Tel. 416-867-6006


Career Support Program

The Career Support Program© was created in response to a perceived need for greater and more personalized support for individuals that we have built relationships with in the past.

The mandate of this program is to assist business professionals in realizing their career ambitions to their fullest potential.

If you are interested in hearing about career opportunities on a proactive basis, please e-mail us at careersupport@bagg.com. Our career support staff will contact you and spend approximately 10 minutes with you on the telephone to create a searchable profile to be included in our database of business professionals. Then as our recruiters have positions that could be a good fit for you, we will proactively make you aware of career-advancing opportunities!

Our career support staff will also provide free advice on:

  • Corporate positioning, resume writing, Internet career resources, and interviewing techniques

We welcome your questions and concerns! Please contact us on any matters regarding your career or professional growth. If we can’t help you directly, we will be more than happy to refer you to someone who can!

Cathy Cheng
HR Administrator
416-847-4990 ext. 310
Fax: 416-350-9659
e-mail: Career.Support@fulcrumsearchscience.com


Career Humour

Humour is an effective tool to help us cope with the increasing stress of our workday. It can also help us increase productivity and creativeness.

Employee Handbook
  1. Don't be irreplaceable, if you can't be replaced, you can't be promoted.
  2. It doesn't matter what you do, it only matters what you say you've done and what you're going to do.
  3. Eat one live toad the first thing in the morning and nothing worse will happen to you the rest of the day.
  4. When the bosses talk about improving productivity, they are never talking about themselves.
  5. To err is human, to forgive is not our policy.
  6. Keep your boss's boss off your boss's back.
  7. If you are good, you will be assigned all the work. If you are really good, you will get out of it.
  8. You are always doing something marginal when the boss drops by your desk.
  9. People who go to conferences are the ones who shouldn't.
  10. If it wasn't for the last minute, nothing would get done.
  11. At work, the authority of a person is inversely proportional to the number of pens that person is carrying.
  12. When you don't know what to do, walk fast and look worried.
  13. Following the rules will not get the job done.
  14. Getting the job done is no excuse for not following the rules.
  15. No matter how much you do, you never do enough.
  16. The last person that quit or was fired will be held responsible for everything that goes wrong.

http://www.thealders.net/humour/work/wk14.html
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Original Content Copyright(c) 1998-2003 Doug Alder


Fulcrum Search Science Inc.
85 Richmond Street West, Suite 702
Toronto, Ontario M5H 2C9
Tel: 416-847-4990

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Cathy Cheng
416-847-4990, ext. 310
Human Resources Administrator
Fulcrum Search Science Inc.

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