Sunday reading for July 27, 2014:
1. Ann Bares over at Compensation Café has a great post up examining the way changes in the job market have shifted the power dynamic from employers to employees. Meanwhile, hiring managers and comp professionals have been slow to make the transition, overemphasizing the preservation of internal equity as opposed to striking a new balance between the realities of what candidates can command in the marketplace and the need to protect the company comp structure. There is currently a tension between recruiters / talent pros (who recognize the changing market conditions and want internal pay policy to reflect them) and their compensation teams / hiring managers here. In examining the causal factors behind this tension, Bares provides insights that should hopefully help facilitate a dialogue that leads to more progressive pay policies. This one is a must read for the data alone. Check it out here.
2. Adam Bryant at the NY Times recently interviewed Syncsort CEO Lonne Jaffe about (among other things) his career trajectory, how he became so successful, how he interviews, and what his strengths are. This is a really well done interview on all fronts, but what stood out to me most about the piece is the emphasis he places on defining prioritization and time management skills as integral components of success. Intellectual curiosity and intelligence are great, but knowing what’s important and figuring out how to accomplish those things are traits that are perhaps just as valuable. For detailed insights around why time management is important (and Lonne’s views on other things) read the full piece here.
3. Dan Walter, President and CEO at Performensation has a wonderful piece up on Linkedin highlighting the value to your career of understanding how to work your way through a proxy statement. It’s a great piece from a guy that makes much of his living in the space because it details his early challenges with working through such documents (and the progress he was able to make over time through time and patience). If you’re a big Dan Walter fan (as I am), are new to reading financial statements and need a pep talk, or are looking for insights on how you can gain an increased understanding of your company’s business (and in the process improve your career prospects) then check out the full piece here.
As always, please share your thoughts in the comments below.