Blog Archives

EOFY – trivia, observations and reflections

I’ve just finished an interview with an accountant… (insert your joke or comment of choice)… for a Financial Controller role. Actually it’s a great opportunity with a small private investment company.

I generally start an interview with an easy general question like, “How’s work?” In this case the response was, “Flat-out! I’m super busy because of EOFY (End of Financial Year).” Makes sense and I’m sure there are thousands of accountants around Australia who are saying the same thing.

According to that font of all modern wisdom, Wikipedia, Australia is one of only a small list of countries that use 1 July to 30 June as the financial year. Others include New Zealand, Japan and Egypt. In comparison the US use 1 January to 31 December and the UK is more unusual, being 1 April to 31 March for government. UK businesses can choose any 12 month period.

Given that much of Australian law and business practices have British origins, you might expect that we would have a similar EOFY. Some sources suggest that our reverse seasons compared to the Northern Hemisphere mean more Australians are on holiday in January and at work in the winter months. I’m not a Mythbuster, so I’ll just say that is plausible.

In my patch of the recruitment world, financial services, three out of four major Australian banks have changed to 30 September as their EOFY. Most other financial services organisations that I work with ie. industry superannuation funds, fund managers, smaller banks, investment consultants and private wealth managers, use 30 June as EOFY.

What I’ve seen in the last few months is lots of strategic planning for next financial year and establishment of budgets. Generally I’d say recruitment intentions are quite positive.

For many of us EOFY is a busy time, trying to complete work. Now is a chance for a quick spot of reflection and strategy refinement: What worked, what didn’t and how can we improve?

OK reflection done, there’s calls to be made!

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Posted in Slade Executive, The world @work

The changing face of the CEO

You may think you know what a CEO looks like – those of us who regularly work with senior people in other organisations or at a strategic level within our own – can picture some of the qualities common to those individuals who have been successful in business leadership roles. Yet it strikes me as an executive recruitment consultant who is regularly engaged in the hiring process for C-Suite roles, how the expectations for a CEO’s capability has changed in recent years.

Of course there are underlying leadership behaviours that have not changed: setting the vision, developing a daily dialogue, being clear about expectations… What I’m really talking about is the changing marketplace of the consumer – customer behaviour is forcing companies to do things differently, while evolving work styles have put pressure on CEOs to alter their tack.

Looking at trends in the C-Suite over the last 20 years, PWC reports, “Another interesting trend is that disruption is increasingly prompting boards to turn to external hires, rather than internal candidates, to fill CEO positions. They hope to capitalise on the experience and skills that these individuals bring from another organisation, or even another sector.”

While that’s good news for those of us in the recruitment business, it’s a timely reminder of the need to constantly reassess our hiring practices. Here is a sample of the types of questions that are (or should be) on the table, from my recent discussions with selection panels for senior hires:

  • Can this person build relationships with stakeholders to prioritise our key objectives for the next 12 months?
  • What digital, social media and other technology capability can this person bring to the role?
  • What exposure has this person had to gender equality and other diversity initiatives when acquiring talent and team building?
  • What global network do they have to drive capability within the organisation?
  • What recent experience does this person have in engaging, managing and motivating a high performing team?
  • How much does this person know about modern performance management processes?

In the current market, intangible qualities are increasingly highly valued. As organisational culture expert John Burdett reminded me in a seminar I attended earlier this year, successful CEOs need to be effective communicators. They must be authentic, engage the whole organisation in a meaningful way, not just report at Board level. They are storytellers who can articulate how things will be achieved in detail – jargon old or new, simply won’t cut it. Enthusiasm for the job and a sense of humour won’t go astray either.

What changes have you observed in the face of senior leadership in recent years in your world @work?

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Posted in Slade Executive, The world @work

How sports coaches use world class leadership to create winning teams

Before I elaborate, I have a confession to make… I’m an ex senior AFL player, now a football coach and more recently, a professional recruiter.

To outsiders, a senior coach is the face of their club, much like a hiring manager is a window to their organisation. They are engaging and genuinely passionate, or as cold as stone.

The strengths of a good coach are universal, but let’s tackle the sport I’m most familiar with – AFL football. Consider the 2016 reigning premiership coach, Western Bulldogs’ Luke Beveridge.

Beveridge walks the fine line between instilling confidence in his players, and holding them accountable for their actions and behaviours.  All the while, he demands exceptional on-field performance.

It is well documented that since commencing his tenure as Senior Coach he has focussed on open and honest communication. He’s built strong relationships with the players, the club, its supporters and a wide range of people associated with the sport, including commentators, the media, and sponsors. These are not unlike the types of relationships we aim for in business when interacting with our clients or customers (who for me in recruitment are candidates), colleagues, suppliers and even competitors in our professional networks.

Much like recruitment, in professional sport, and AFL football in particular, nearly every transaction includes working with the uncontrollable elements inherent in dealing with people. In sport and recruitment alike, those without the qualifications or the requisite experience to pass judgement, often shout the loudest and voice the most criticism.

For Beveridge his clients are predominantly made up of both existing and potential club sponsors and members. These clients have made financial commitments and naturally want to see a return on their investments. In this context a winning performance as a coach could mean a cohesive team, with high levels of morale amongst players, who have the motivation to attend training and associated club events, and are well supported by family. It may translate to increased membership, a higher media profile, greater sponsorship and other opportunities. A winning team is more than match winning performances – think of the otherwise poor practices of the West Coast Eagles circa their 2006 Premiership.

High level sport, in some aspects, is not much different to the corporate sector. We’re juggling all manner of expectations from various parties. There are set timeframes (seasons) with efficiency targets (statistics). In business and sport, we all have to consider best process and methodology. Importantly, just has Beveridge does, we have to establish a culture and live the values, brand and standards of our organisation. Sound familiar?

Some players, as with corporate talent at the top of their game, are hot property.

In other cases some candidates are like promising young players; potential but struggling with form, gaining experience but not quite good enough – yet. How Beveridge manages the pool of talent in his playing group is his greatest challenge, because although he understands the industry and his client demands, his players output and abilities will often predicate game results.

So, would Luke Beveridge be the sort of manager you’d like to have in your organisation? Based on the attributes we’ve explored, I think so. His stakeholder management skills and ability to communicate with a broad range of people and personalities would be a strength. He has the proven experience in implementing a game plan, follows process, allowing him to work efficiently and consistently. Lastly, and I think most importantly, it would be his character and the impact he has on his organisation’s culture. His confident and engaging personality, combined with his strategic thinking, willingness to provide feedback and people management skills would make him successful in a non-sport leadership role. I’d like to recruit him.

Which qualities do you value in a manager? Who would you like to recruit to for your team?

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Posted in Slade Executive, The world @work

Does a work legacy matter?

Let me paint the scene. It’s Saturday night, I’m at a friend’s house with a group of mates as our children run inside and outside the house vaguely supervised. Our respective partners are all out, so we’re taking the opportunity for a beer, pizza and football night.

The discussion turns to work, with some general “How’s it going?” and “What are you up to’s?” One of my friends, let’s call him Patrick*, someone I have known since the beginning of primary school, is now a very successful international tax specialist.

With a lot of media coverage around global corporations’ profit shifting and tax minimisation strategies, I ask what he thinks of all this?

His response, “I helped set all that up, but it was a long time ago and it’s not my problem anymore.”

We can joke lightheartedly about a visit to jail as he has done absolutely nothing illegal. However, it seems that the ethical or moral questions from the impact of his work are of no concern to him.

It got me thinking – what is the legacy of our careers, and does it matter to us? (Perhaps the tax avoided could have been used for public health services, old age pensions or infrastructure.)

As a recruiter for more than 20 years, I have been involved in a broad range of appointments, from high profile CEOs to entry level graduates and many things in between. I’m pleased to say that most of those appointments would be described as successful, from senior appointments that have really impacted a business, an industry, even the economy, to long-serving employees who have been regularly promoted, as well as those who do a good body of work and then change employer for career progression.

I acknowledge that it’s my candidates who deliver the work once employed, but I take satisfaction from identifying their capability and potential, and introducing them to the right employer and role. Each successful appointment is a small legacy of my working life.

In a way, my work legacy is more indirect than my friend. Like most consultants, I complete an assignment, and then it is out of my hands as to whether it turns out to be successful in the long run. I keep in contact with both parties but can only minimally impact what happens from there.

In the modern digital economy where everyone wants a social media presence, I’m a bit more old-fashioned. I prefer to keep a lower profile and not make public everything I do (yes, I see the irony of this post), but I do think we should consider the impact of our work on those around us.

What do you think? Does a work legacy matter?

*Not his real name

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Posted in Slade Executive, The world @work

A salute to my early career

Rather than following my friends to University when I left school, I took an alternative route into the workforce by joining the New Zealand Army – not exactly the most obvious career choice for a female with a short and slim build who grew up as a ballet dancer!

This time 19 years ago I had just completed my three months basic training with the NZ Army and had started my trade training as an Administration Clerk. With Anzac Day occurring this week I reflected on how my experiences within the Defence Force have shaped and contributed to my career and the person I am today.

What initially attracted me to the Defence Force were the recruitment officers who attended our career days at high school. The thought of being part of a well-known organisation who promoted the benefits of a variety of career options excited me… I wanted to do that! This is also where my passion for recruitment started.

Joining the Army as a nearly 18 year old taught me many fundamental work habits that are still with me today:

  1. Timing is everything. It’s called 5 minutes place of parade. You cannot be late in the Army, and in fact if you are not 5 minutes early, then you are late as well. In my work life I am very rarely late for a meeting. It has been drilled into me that whether you are an attendee or the meeting organiser, it’s your duty to commit to the appointment you have made and show courtesy to the others who are giving up their time to attend. I have become a great timekeeper and loyal to appointments.
  1. Presenting yourself well. Although there are no uniform checks in the civilian world, it is still important that you present yourself well in business. In the Army you are taught how to iron your shirts right down to putting creases in your PT shorts. Ironing wasn’t my forte (and still isn’t, so let’s say there are no creases in my shorts). One thing that has stuck with me is when I am wearing shirt and pants, I still check to make sure my buttons are in line with my pants zip.
  1. Ongoing training. Training is part of Army life; you are always upskilling and attending courses as part of your soldier and trade development. Self-development, whether it be for work, upskilling or personal enhancement, is important to keep yourself relevant in the changing workforce where nothing stays the same.

While these days I’m recruiting executives, I would still recommend the Defence Force for the many different career options they offer. It is not all about being a front line soldier; you are able to learn a trade and complete a university degree while working. I made friends for life – it’s an experience I will never forget.

How did your first job shape you? What still resonates with you from your early career?

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Posted in Slade Executive

Cure the Sunday afternoon blues

“It generally started about 3pm on Sunday afternoon, irrespective of rain, hail or shine and the activity or people I was with at that time. I’d start thinking of the next day and my shoulders would instantly tense up, I’d start snapping at my kids and/or wife and increasingly become more taciturn and grumpy as the day progressed. This would happen every Sunday and started to have a real impact on my quality of life, family relationships, and started to limit the activities I would do Sunday afternoon and evenings.”

Sound familiar? It’s an unfortunately common situation for highly pressured executives. A candidate once shared this personal story with me, which fortunately became a wake-up call to consider a career change.

I recognise that it’s rare to find individuals who bound out of bed on Monday mornings – naturally most people would prefer to be at leisure than go to work. Of course our level of motivation varies with the demands of our role, our clients or customers, and our employer. However, despite the inevitable peaks and troughs that can affect your job enjoyment, intense and sustained angst about work is not normal. Left unchecked, it can lead to long-term damage to our health, including stress, pressure on relationships with family, friends and colleagues, and a reduced work/life balance.

On the surface this individual seemed to be in the ideal work situation: he was in a key leadership position within a successful global blue chip organisation, earning an impressive wage, on a fast-track path to further success and growth – but it was just not right for him.

I appreciate that it’s not a simple matter to change jobs. Financial considerations, geographical location, time available to job seek, or your personal situation can be constraints.  If this sounds like you, consider these alternative strategies:

  • Speak up. Have an honest discussion with your manager and/or HR about revisiting the aspects of your job that cause you angst. Do these need to be delegated or shared with others in the team? Is your workload achievable within the resources and parameters provided? Do you need further training and mentoring to help you perform your job?
  • A sideways step could be an option if you like your company, but the role or your direct manager is not a good fit. Is there any opportunity to move to another role or division within the company?
  • If your employer and/or company culture does not align, but you enjoy your role, network across your industry through LinkedIn, industry forums and seminars, even former colleagues who have left to join competitors. Make yourself known throughout the sector, whilst maintaining your professionalism and remaining discreet about your intentions. This could lead to a direct approach to you to consider a job should an appropriate role arise.
  • Consider investing in additional training and/or studies that will further your professional development and enhance your employability to other organisations. This is particularly relevant if you are looking to pursue a field outside your current area of expertise. It also serves to demonstrate your commitment to self-improvement and continuous development.
  • Have a confidential discussion with a recruitment firm who specialise in your sector/job of choice. Whilst this should be implicit, emphasise the need for the recruiter to respect your confidentiality and ensure your resume is only sent out to prospective employers with your approval.

Whilst it might be a work in progress, you will find that the simple act of taking control of your work situation can improve your outlook and with this perspective, allow you to enjoy your whole weekend.

As for the candidate mentioned previously? After taking a leap of faith, he did change jobs and has continued to progress his career with another organisation better suited to his style. He has also joined that rare group of individuals who look forward to Mondays.

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Posted in Slade Executive, The world @work

Resourcing the new Infrastructure State. A challenge for Victoria?

Victoria – The Infrastructure State. It could be a number plate. The Melbourne Metro Rail project is underway, level crossings are being replaced, plans for ‘sky rail’ continue to cause controversy and an airport train could be back on the agenda. For roads, the Tulla freeway is being widened, the West Gate and Bolte will get improvements, and the Victorian Government is considering a proposal to build the ‘missing link’ Western Distributor.

Last December at the Engineers Australia Transport Year in Review, I listened with interest to Corey Hannett, Coordinator General, Major Transport Infrastructure Program on the current infrastructure program of works scheduled for Victoria. From a project resourcing point of view, the Government’s main concern is the lack of skilled project leaders to deliver this ambitious program of works.

Key themes presented were:

  • Ensuring the right balance between public and private resources to manage multiple, overlapping projects within optimum timelines
  • Sourcing skilled project leaders across different disciplines, including CEOs, Project Directors, and Senior Project Managers
  • Diversity in the Construction sector

From an executive recruitment perspective, these concerns certainly mirror our experience when consulting with organisations in building, construction and engineering over the last 12 months: Demand for experienced, diverse and specialist talent is at a premium. As the momentum for construction work Australia-wide continues to gather pace, the question remains how do we address this to help the immediate needs of Victoria?

There are serious concerns about poaching staff being felt across the sector, which is experiencing significant problems with retention (a fact that’s not lost on us when headhunting). Here are three points that were raised to consider when hiring, which also resonated with me:

  • When considering a candidate’s abilities, look for transferable skills, taking the time to consider all of their work history, not just the first page of the CV
  • You don’t need someone who has done the exact same job, you need someone who can do the job
  • Victorian employers may benefit from staff attrition with the completion of major projects interstate or could source talent from other sectors where demand has subsided, such as mining (particularly in WA and QLD)

I will be a keen observer over the next few years to see whether we have the appetite to meet the talent demands of the Infrastructure State.

What measures do you think are needed to address talent shortages for major infrastructure projects in your state? Share your point of view to continue the conversation.

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Ignore this at your peril!

Exactly 12 months ago I was diagnosed with cancer.

There were a couple of jaw-dropping news items last year, but personally being told you’ve got cancer would be right up there. I’ll spare you the details, suffice to say after a routine colonoscopy, I ended up with six weeks of chemotherapy and radiotherapy. Not much fun, I can assure you!

According to the Australian Cancer Council, “1 in 2 Australian men and 1 in 3 Australian women will be diagnosed with cancer by the age of 85.” However on a positive note, “66% of people diagnosed with cancer in Australia are still alive five years after a cancer diagnosis.”

It was the second time I’ve had cancer. About 23 years ago I also had radiotherapy for testicular cancer. This time I’d been diagnosed with, awkward pause… anal cancer. This type of cancer is not that common. In fact in 2012, only 399 Australians were diagnosed with it.

While there is currently no screening for anal cancer available, it can be diagnosed through a number of tests, such as medical examination, a blood test, biopsy, CT scan, or an ultrasound. Early detection is key.

I prided myself on being fit, eating healthy and generally looking after my well-being. Nevertheless, I had cancer. I did have many Why me? moments, but my doctors assured me cancer doesn’t discriminate. It can happen to anyone… Reluctantly, I took that on board and got on with my treatment. Yuck.

There were the side effects: nausea, a strange metal taste in my mouth, fatigue, nerves, hair loss (a free Brazilian), discomfort sitting, pain around the pelvis and bottom.

Twice in a lifetime is more than enough, so hopefully my turn is done, but I thought it timely to share some learnings from my experience with cancer to encourage you all to get a medical check-up.

  1. If you see or feel something unusual, do something about it.
    There are two types of people. Those who go to the doctor, and those who don’t. I’m of the former – I’d rather know if there’s a problem and get on with it.
  1. Get an opinion from a doctor or another healthcare specialist.
    Some of you maybe Dr. Google types. I’m not. I think my GP knows best.
  1. Tell someone close to you.
    Keeping it to yourself only raises your stress levels. I’m lucky I’ve got a great family. My wife became my confidant, chauffeur and nurse. My daughters came with me to the chemo and radio treatments.
  1. Stay positive
    Yes, it can be tough, but staying positive makes a huge difference. Acknowledge the negative aspects of the situation, then get rid of your negative thoughts. Surrounding yourself with positive energy helps you to see a positive future.
  1. You or someone dear to you, may get cancer this year.
    It’s an unfortunate fact. I’m committing to do some volunteer work in the cancer field this year to help others who have shared my situation.

Even if you’re already made your resolutions, promise yourself and me that you’ll kick off the year with a medical check-up. Do something. Book it in now.

How have you worked through challenging personal circumstances? What did you learn from the experience?

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