2023-06-30 10:21:21
Rarely does a professional career come down to a long, smooth climb. A recent study of 2,600 senior executives followed for ten years around the world, and written by two consultants from an American firm specializing in the assessment of senior executives, has just shown that 45% of them have already had a serious professional disappointment.
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After a dismissal, a big missed contract or a failed acquisition, nearly 80% of them nevertheless managed to run for a general management position. To understand how they achieved this, the two experts interviewed 360 leaders. Their goal: to identify good practices that help recover from a serious professional failure.
Learn from mistakes
Having held a very high-level management position does not guarantee finding a job following a dismissal or layoff. The study points out that executives laid off or made redundant are less likely to obtain a favorable opinion during an interview.
However, in some cases, these profiles are perceived as more competent than others by recruitment specialists: “When the interview took place in the presence of an outside expert hired by the employer to prevent casting errors , 33% of managers who have already been dismissed were recommended by the expert compared to 27% of candidates who had never experienced a dismissal”, explain Elena Lytkina Botelho and Kim Rosenkoetter Powell, the two American experts, in an article published in there Harvard Business Review.
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The most convincing are those who accept their mistakes and show that they have analyzed them sufficiently to minimize the risks of repeating them. According to the study, these are perceived as more confident and sympathetic to recruiters, which increases their chances of being recruited.
Leverage your network
Through their academic background, their social background and their professional experience, these profiles benefit from a broader and more relevant than average personal and professional social network, which increases their employability and their possibility of rebounding. But it is the professional network that is the most effective. According to the study, 59% of managers surveyed found a job through their professional network, compared to 28% through a recruitment firm or their personal network.
Trust your experience
After a layoff, senior leaders have a greater incentive to seek employment in an industry they know. While a total of 68% of managers found a job within six months of their dismissal, 94% of those who chose to look in a sector they know found a job during the same period. In all cases, the vast majority (91%) found a job at the same level of responsibility, or even at a higher level.
* This article originally appeared on November 8, 2018 on Young Africa Employment section
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