The recipe for creating value

When I was in college, the church that I attended had a booth every year at the local fair. We made a pastry called an elephant ear. I have seen at fairs funnel cakes which are made by pouring a liquid batter into hot oil and frying it. The elephant ear dough was mixed in a huge mixer. It had eggs in it. The dough was allowed to rise. It was then punched down, weighed out into balls and set on large cookie sheets to rise again. Volunteers sitting at tables would pat the balls into flat disks. These were fried in hot peanut oil and then covered with cinnamon sugar or powdered sugar. In the mid-1980s we sold these for two dollars apiece. They sold like, well, hotcakes. Many people would pay to get in the fair solely to buy elephant ears. There was always a line. If people saw that the line had gotten short, they would run to get in the line. We could sell as many as we could make.

I was in the booth one Saturday morning patting out elephant ears when I noticed Brother “Jones” handling sales. He was a very kind and pleasant man but age was upon him, and he was absolutely overwhelmed with the task. He had before him a line of people who were eager to get elephant ears and behind him stacks of elephant ears growing cold. I spoke to the team leader and asked him if he could arrange for Brother “Jones” and I to exchange positions, of course, handling it in a way that was not hurtful to Brother “Jones’s” feelings. The team leader declined to have us exchange positions but asked me to assist Brother “Jones” with sales.

We began to quickly make sales, and the stacks of unsold elephant ears got much shorter. Soon Brother “Jones” was at one of the tables patting out elephant ears. This was not a terrible place to be. There was always lively and pleasant conversation at the tables, and the task was ideally suited to his capabilities. I now had helping me another brother who was young, like I was, and energetic. We found ourselves waiting for elephant ears to be produced so we could sell them.

A new problem became apparent. The elephant ears were coming out of the vat and were stacking up waiting to have cinnamon sugar or powdered sugar applied. I spoke to the team leader who moved someone to assist with this task. Each time product piled up at a certain point in the process, I would ask the team leader to add or exchange human resources to speed the flow of product through the production chain.

The following day was Sunday. It was announced in church that the elephant ear booth averaged about $11,000 per year in sales, yet the day before we had sold $4000 in elephant ears. The fair would run each year for 11 days. We were not open on Sundays so we would run our booth for nine days each year. This gives us a daily average just over $1200. While Saturdays had more people at the fair than weekdays, demand always exceeded supply even on weekdays. We had tripled our sales that day by simply using our available resources more efficiently.

Several years later while in college, I read The Goal by Eliyahu M. Goldratt and Jeff Cox. This book is a business novel that describes the same process I did in the elephant ear booth but done in an air conditioner manufacturing plant. The protagonist identifies bottlenecks in the production stream by where product in process piles up and then eliminates the bottleneck by moving resources to that step. I highly recommend this book for business leaders.

The ideal value strategy requires no additional investment of resources but uses the current resources more efficiently to deliver quantity and quality, such as: a faster moving line delivering more and hotter elephant ears. We must not be afraid to make small investments when we know that there will be substantial return on investment. Large investments may be necessary and wise, but the larger the investment, the greater we risk, and the higher returns that are necessary to create a value result.

Read previous articles related to this topic:

Article 1: Your business’ future lies in an abundant strategy – not in scarcity

Article 2: Maximum Wow Strategies Lead to Scarcity

Article 3: Fat cutting from an organization can be taken too far – Are you starving your organization?

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How to find 3-7% more Net Revenue at your Hospital

A recent survey of 146 CEOs by the Advisory Board (1), the CEOs voted that “sustainable cost control” was the number one priority. This is an imperative that every hospital in America must be doing in the current health care environment. Net revenue is tightening up. Smaller and smaller increases from government programs are the trend and health plans are taking the position that any new net revenue be tied to improving quality or costs. The routine annual increases are not routine anymore.

What CEOs should be focusing on is collecting all net revenue. What is the best that can be expected in net revenue collections from the revenue cycle area? Is it 90% of expected? 93%? 96%? What is preventing your organization from collecting closer to 100% of expected revenue?

We know that nothing ever happens at 100% in any field, endeavor or undertaking. Asking the question of “why not 100%” is the start of reviewing what is preventing your organization from improving on net collections. If your organization is at 91% net collections (including vendor fees, etc. from handing off old accounts), that’s pretty good. But can your organization get to 95%? Or 97%? Or 98%? What steps can be taken internally to earn an extra 3-7% of net revenue? That extra money could be the difference in meeting budget or bond market targets.

How to find your 3-7% extra net revenue:

  1. Adoption of a new attitude. Policies and procedures have been adopted over time that balance the effort and expense of collecting versus the return. Making policies that allow for write offs of cases under $500 or $300 creates the mindset that it is ok to “just write it off.” If $500 is ok to write off, then why not the $15 co-pay? The concept is to reinforce the attitude that NOTHING is written off without a “good” reason. Hospital revenue cycle leaders get under pressure to lower A/R and it is too easy to compromise on small amounts that can add up. But when its ok to write off $15 it becomes easier to write off larger amounts. Additionally, reinforcing the attitude of no write off without a good reason helps support collection efforts of the front offices as well as in the back end
  2. Trend analysis needs to be refined and acted upon more quickly. The new analysis is one plus one equals a trend. Reporting in revenue cycle often trends towards financial statistics and contractuals. Reporting needs to get more granular and specific to highlight trends in more real time. The best way to get real time information is to educate and empower your skilled staff.
  3. The staff need to understand that when they see something happen twice – sound the alarm. Getting a denial or a rejection you don’t understand once happens. But twice is a trend. You do not need to wait until 10 or 50 or 100 examples occur to request an investigation, create a report and send to a payer. Health plan payment systems are very precise and anything unusual needs to be acted upon immediately.
  4. Get better at reporting and documentation – fast. To support the staff, create rigor in the documentation of issues with plans. Nothing helps contract discussions for the managed care lead than starting off with how difficult the health plan is administratively. Reporting also needs to be detailed and refined in new ways to spot trends and support the managed care staff.
  5. Establish new interactions with payers – set expectations and standards. Monthly meetings with payers need to reframed. The managed care lead needs to get agreement on performance and service expectations of the health plan. Simple expectations of responsiveness, service turnaround, etc. is imperative and needs to be enforced with the health plans.
  6. Use process improvement techniques – be rigorous. Collecting the last few percentage points of revenue requires focus and discipline. Using process improvement techniques and their rigor is a must to gain and sustain results.

Hospitals need to ask the question: what more can be done to gain net revenue? Re-evaluating the revenue cycle and creating a “need attitude” is key. Adding a new focus and training for staff will create the ability to approach payers in a new way for new results.

(1) 2018 Advisory Board Research Annual Health Care CEO Survey conducted between December 2017 and March 2018.

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Maximum Wow Strategies Lead to Scarcity

See Previous post.

A maximum wow strategy is when a lot of money is spent on something grand, splashy and showy that delivers little or no value to the company or its customers.

A prime example of this is when a company builds an expensive and extravagant off-site corporate headquarters. When I was a young man, my father told me, “Son, beware of your ego. A man’s ego can get him into a lot of trouble and cost him a lot of money. Ego trips are very costly.” Many a company has been severely weakened by a CEOs ego trip of building a lavish corporate headquarters that often was not even needed. The offices they already had were serving the company just fine.

For a counter example I would offer Walmart. Walmart is the largest brick-and-mortar retail establishment in the world by a very large margin. Its corporate offices have for many years been in the top of its warehouses in Bentonville, Arkansas. Top corporate officers are in plain offices with cheap wood paneling and utilitarian steel desks. This proximity to its distribution centers gave corporate officers a profound and intimate understanding of the needs of its supply chain. Walmart developed the most sophisticated automated distribution centers of any brick-and-mortar retailer. These sophisticated automated distribution centers are credited with a large part of Walmart’s competitive advantage over other brick-and-mortar retailers. This is Sam Walton’s legacy. As wealthy as he was, he was a man without an ego. He was a form follows function kind of man. Good enough was good enough. We will save excellence for our customers.

If a competitor had wanted to destroy Walmart, instead of building a gleaming corporate headquarters in the downtown of a major American city for themselves, they would have built and paid for one for Walmart on the condition that they must house their corporate officers there. This would have isolated Walmart’s leadership from the needs of its supply chain and decreased the likelihood that they would have ever built their automated distribution centers costing them their current competitive advantage.

Value is defined as quality divided by cost. So how do we define quality? Is it a large towering building built of the finest materials and sitting on a piece of prime real estate? Or is it proximity, awareness, humility and engagement? I would argue that Walmart’s choice of its corporate offices was the value decision not just because it delivered at a lower cost but also because it delivered a higher-quality leadership engagement for the company.

A maximum wow strategy is company leadership writing big checks and taking on heavy debt to be paid for by the company for ego-driven projects that deliver low value to the organization.

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Your business’ future lies in an abundant strategy – not in scarcity

In Abundance: The Future is Better Than You Think by Peter H. Diamandis and Steven Kotler, the authors make the point that technological developments and continuing innovation will bring to the world a future of abundance rather than scarcity, of increasing prosperity rather than increasing poverty. I believe that they are right so long as we can maintain freedom in general, free markets in particular, reasonable levels of taxation and relative peace throughout the world. As I pondered on the ideas they presented, it occurred to me that a business leader needs to have an abundance mindset in strategic development. An overall scarcity strategy cannot bring a strong and bright future to an organization. We cannot simply cut and slash our way into growth and prosperity. Nor can we simply spend our way into growth and prosperity. An abundance strategy is one of tremendous value generation.

My wife and I built a home using a general contractor who builds custom, luxury homes. I commented to him one day that it had occurred to me that there are three types of people who buy a custom home:

  1. Maximum WOW! These buyers do not care how much it cost. They want to upstage everyone else at any cost.
  2. Maximum value. Value is defined as quality divided by cost. These buyers are willing to spend more money if they get a good return on their investment relative to their experience living in the home and to their resale value.
  3. Maximum value. Value is defined as quality divided by cost. These buyers are willing to spend more money if they get a good return on their investment relative to their experience living in the home and to their resale value.

I told him that I thought that he could build homes for wow buyers and value buyers, but he could not build a home for an economy buyer to which he agreed.

At first glance we may be tempted to see a maximum wow strategy as an abundance strategy, but maximum wow and maximum economy are both scarcity strategies. Both strategies are low value generation strategies, and low value generation will sooner or later lead to scarcity. In maximum wow the cost is too high relative to the quality generated. In maximum economy the cost is low, but the quality generated is too low relative to that cost. The abundance future is in high value generation that comes in a maximum value strategy.

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Lessons I Learned at Wiederhold & Associates

Before I joined Wiederhold & Associates, I had heard of executive coaching but never really understood what it entailed. I knew of generic outplacement firms that provided services to aid in job transition but did not know of transition coaching. The past four years have been an invaluable experience, exploring and learning about both these niches from one of the best in the industry! Above all, the talented and inspiring leaders that I have had the opportunity to meet, the lasting relationships built, the experienced and dedicated coaches that give it all to help leaders uncover strengths and hidden potential, and the team that makes all this happen behind the scenes, have made an indelible impression on me.

I’ve been fortunate to have good mentors and great teams that I have worked with and learned from throughout my career. Some of the lessons that life experiences taught me, I got to validate in my experience working with over 100 executives through Wiederhold & Associates. As I look back, I’d like to share some of the key lessons I will carry on with me in my career.

✔ Relationships trump performance
✔ Preparation is the key to success
✔ Passion is a key differentiator
✔ You get to define your own success
✔ Accomplishments must speak of your value or impact on the organization
✔ Maintain a business log, before exiting a role gather relevant data and metrics
✔ Keep your resume updated always
✔ Attitude can make or break you
✔ You cannot let your network “go cold”, relationships are a continuous work in progress
✔ Choosing the path less travelled may be riskier but also opens doors you never knew existed
✔ Opportunities are most often created, they don’t always exist
✔ Coaching is not punitive, it is a reward!
✔ Interviewing and being interviewed require completely different set of skills
✔ Even the most accomplished leaders have insecurities
✔ Dealing with emotions head-on is the best way to move forward, especially negative ones
✔ Always be aware of how you “show up” to others, not what you think of yourself. Perception is reality.
✔ Being vulnerable is human, not a sign of weakness
✔ Self-awareness is critical to emotional intelligence
✔ When you stop learning, you stop growing and you stagnate
✔ Take responsibility for your actions, but blaming yourself will get you nowhere
✔ Focus on what you can control, don’t waste your energy on external factors
✔ Be intentional, be mindful, be present
✔ Transition is hard, even if the choice was yours. It takes a village!
✔ Don’t burn bridges, it’s a small world!
✔Healthcare has and will always be a very dynamic and demanding industry
✔ You always come out a stronger and better leader, when you go through transition!

Mitali

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Changes to the Wiederhold & Associates Team

We wanted to make you aware of some changes to the Wiederhold & Associates team. Please see our announcement below.

Mitali Paul, MHA, MBA, FACHE, who has been with Wiederhold & Associates almost four years, recently accepted an opportunity to step back into a hospital executive role. As of August 1st, she will be the CEO of a brand new inpatient rehabilitation hospital scheduled to open in Fall 2018. While we will miss her and her contributions to Wiederhold, we are sure you join us in wishing her much success in her new role. Mitali will continue as a trusted advisor to our organization moving forward.

Chris Ekrem, MBA, FACHE, has come on-board as Vice President of Business Development and Operations for Wiederhold & Associates. Chris brings two decades of hospital administration experience in healthcare operations, management and financial leadership. He led highly successful business development projects during his tenure in operations and administrative leadership roles at community hospitals, academic medical centers and Critical Access Hospitals in Texas and Kansas. Chris began his career as a financial analyst at Florida Hospital in Orlando, Florida, and expanded his skill set through project manager and decision-support positions before advancing to the C-suite in roles as a Chief Operating Officer (Kansas) and a Chief Executive Officer (Texas). Most recently, he was Vice President at Tyler and Company; a retained healthcare executive search firm in Atlanta, Georgia.

Chris earned his Bachelor of Business Administration in Finance from Baylor University in Waco, Texas and his Master of Business Administration from the University of Redlands in Redlands, California. He holds a board certification in healthcare management as a Fellow of the American College of Healthcare Executives (FACHE). In addition to his long-standing membership in ACHE, Chris also has been active in state healthcare leadership as a Texas Hospital Association Leadership Fellows graduate and as a Kansas Hospital Association Leadership Institute graduate.

Chris is very passionate about helping people in transition, delivering excellent customer service, and mentoring healthcare executives throughout their journey. In his free time, Chris enjoys teaching high school students about personal finance for Junior Achievement and mentoring early careerists through ACHE in Tennessee/ Georgia. Chris is married to Lindsey, his best friend, a busy mother of two, and a highly skilled nurse. He also tries to keep up with his enthusiastic two-year-old son, Grayson and six-year-old daughter, Brianna.

Thank you,

Jim Wiederhold

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Confidence

With confidence, you have won before you have started - Marcus Garvey

As we continue to explore successful attributes, another imperative soft skill is confidence. Confidence is having faith in your own skills and abilities. It is an attribute difficult to measure, but its absence hardly goes unnoticed. Why is confidence so important? Confidence is attractive. Charismatic people tend to exude confidence. Confidence can help you harness your inner potential. Research supports that confident people accomplish more. It has the power to help you overcome challenging situations, take risks, and handle curveballs thrown at you. Confidence helps you establish trust with people and engage them. It makes you appear more competent and helps you win the respect of others. Dr. Ivan Joseph, a professional soccer coach admits that throughout his career he recruited his players not based on their talent – how high they could kick the ball, or how fast they could run or the team spirit they displayed, but on their self-confidence. He believes that everything else is a coachable skill or trait. Tedx Ryerson University

You can display self-assuredness or lack thereof it in more ways than most people are aware of. How you present yourself, your gait, tone of voice, the words you use, non-verbal cues, interpersonal skills, relationships, even your online or social media presence can paint an image of your confidence level. All these aspects create your “presence”. A limp handshake, lack of eye contact, shifty movements, slouched posture, and excessive use of “I think”, “ums” and “ahs” are some common faux pas to watch for. Non-verbal cues are important expressions of power dominance. It governs how other people think and feel about you. You can influence other people’s reactions by exhibiting confidence. People tend to focus more on the delivery than the message itself. Hence, this can be a powerful tool in controlling how people view and react to you.

Have you met someone and wondered how they landed that deal or got the job they have? I know I have many times. If it wasn’t relationships or networking that got them that far, it was their confidence and most likely their confidence played a very significant role in their relationships.

Charisma is not the same as confidence but we all gravitate towards charismatic leaders. Another reason confidence is important is that appearing confident augments your charisma. Have you ever been in a room where one person’s presence dominated the room? They seemed to captivate their audience and drew people in with such ease. John Antonakis, an organizational behavior expert, suggests that charisma can be practiced as a skill utilizing verbal and non-verbal tactic. And once you grow your charisma and connect with more people, your confidence will inevitably be boosted. How to Read and Predict People

Confidence is like a bank account - you must make deposits to have a balance available for withdrawals. You must draw from various sources so not to deplete your funds. Just like a diverse investment portfolio that minimizes risk, you need to have different buckets that you gain confidence from. Identify your buckets and keep them replenished. Recharge your batteries…success is just around the corner!

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Strategy Transformation – A New Business Model for a Rapidly Changing Industry

‘Gary Skarke is an expert in the area of transformation. His company’s success, for the most part, has been outside of healthcare but has touched healthcare on a small scale. As we all know, healthcare is going through a significant transformation and most of what he will share in the article below aligns well with what is happening in the healthcare industry today.

This is the second article in a series of articles focusing on the many types of transformation his company has helped other organizations navigate successfully and how these same situations are occurring within healthcare today.” – Jim Wiederhold

Click here to read the first article.

Strategy transformation focuses on developing and implementing a new strategy to respond to competitive pressures. One global company needed to grow revenue and profitability and their strategy was to expand their business model to sell not just products but also services. Previously, they sold software products and relied on customers to implement – but customers could not always implement successfully. So, the company made a strategic decision to get into the services business. The company realized they did not have the processes, skills, behaviors, metrics or culture to be successful in that new business model. “We don’t ever interact with the customer and our people do not have the skillsets to successfully interact with customers either.” Typically, such changes require five years. Given the urgency of the situation, the company went on a fast track implementation program. Based on the strategy Playbook for the first year and then three years, the company had a roadmap for making the significant transitions required. At the end of year three, our audit determined the company achieved the business results as well as operational results of doubling revenues and increasing profitability by 30%.

In the U.S healthcare industry, organizations similarly must have dynamic strategies to determine how to maneuver the changing regulatory and legislative landscape and then quickly and successfully implement that strategy, while ensuring a focus on patient centered care and value. Legislation is changing the way healthcare providers do business but cannot negatively impact delivery of healthcare services to patients. As a result, organizations are trying to merge or acquire other providers in the healthcare chain, such as CVS acquiring a health insurance company, pharmacies (both stand alone and grocery-store based) provide clinic services, and healthcare systems are formed to take advantage of economies of scale and increased market share. Given the short time horizon, it is even more critical to have flexible strategies with expedited implementation to ensure results are achieved before the next wave of changes occur.

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Is There Life After Management in Healthcare?

Is the perspective on retirement amongst healthcare professionals different than in other industries?

As a Retirement and Career-transition coach, I work to stay abreast of the issues and challenges that are evolving in these two areas. Combined with my 18 years of experience as an executive recruiter in healthcare, I’ve been able to gain insight into some of the retirement and career transition issues that are unique to healthcare executives.

Is there life after a healthcare career?

A Beckers Hospital Review article reports that the average healthcare CEO is 57 and plans to retire at 65 and that 61% do not plan to work beyond 65.

Online nursing forums indicate that most nurses expect to retire in their fifties and nurse executives in their early sixties, understandable considering the combined effect of the physical and psychological demands of the profession.

Does this indicate that healthcare executives are no more aware of the evolving retirement scene than executives in other industries? Is there still a prevailing 20th century mindset when it comes to retirement, one based on the three-stage linear life plan with its artificial finish line of 65 and “withdrawal into isolation?” A model that, for more than a half-century, has advocated an off-the-cliff move from labor-to-leisure, vocation-to-vacation.

Graphically, that 20th century model and its life-span altering consequences look like this:

We’re at a place we’ve never been before. A place that renders this model irrelevant and potentially dangerous - physically, mentally, socially and spiritually.

The new reality is that we are living longer and healthier. We’re experiencing a “longevity bonus”, potentially as much as 30 years beyond the traditional retirement age.

When the arbitrary, politically-inspired retirement age of 65 was established decades ago, the average life span was around 55 and the old model made some sense. Guideposts weren’t important – few people lived to 65. But today, with lifespans for many stretching into 80’s, 90’s and beyond, the game has changed. We’re in unfamiliar territory with outdated institutions and policies and limited guardrails to keep us realistic about the new face of retirement.

But we instinctively know that thirty years of golf, travel, canasta and/or mah-jong just doesn’t make sense, nor can it be healthy.

A new retirement perspective is emerging, one that eschews tacking that longevity bonus onto the end and simply extending a period of “old age.”

Instead it proposes an alternative model where that bonus is recognized as a period of productivity and purpose that can be interspersed with pleasure. A model that might look like this in the second half/third stage.

Under this model, there is no wasting of accumulated experience, skills and passions. Learning continues as does meaningful, purposeful work along with a broadening and deepening of social relationships. Combined, this increases chances to not only live longer but to die shorter by maintaining vitality, vigor and verve up to the end. And society gains as acquired skills, experience, wisdom and passions are redeployed and not squandered.

The dark side of retirement

As a society in general - and likely amongst healthcare professionals - we don’t appear to be making this transition to a new retirement mentality very effectively.

We are experiencing an unprecedented “dark side” component to retirement. It stems from (1) failure to acknowledge and plan for this extended life space and (2) a retirement planning process that is almost entirely dedicated to financial or “hard side” elements and with little or no attention to non-financial, “soft side” components.

We know that 2 of 3 retirees have gone into their retirement with no semblance of a non-financial plan.

Here are just a few sobering facts that speak to the affects of an unplanned retirement:

  • By 2020, the number of retirees with alcohol and other drug problems will leap 150%.
  • The NIH reports that, of the 35 million Americans age 65 or older, nearly 2 million suffer from full-blown depression. Another 5 million suffer from less severe forms of the illness.
  • Depression is the single most significant risk factor for suicide among the elderly. The CDC recently showed a dramatic spike in suicides among middle-aged people.
  • The overall, national rate of divorce in the United States is trending down. Except for one group: the 50-plusers, who have seen their rate of divorce surge 50% in the past 20 years. In fact, one in four couples divorce after age 50.

Is it the same for retiring healthcare professionals?

I don’t see healthcare pros being as susceptible to these issues or devolving into “roleless roles” and sinking deep into a lounger upon retirement because of the intensity of career roles already performed and the energy and commitment necessary to fulfill those roles.

However, this is also a group whose “nose to the grindstone and shoulder to the wheel” dedication doing such meaningful, purposeful work may shield them from the aforementioned issues. Retirement planning beyond the financial may be no more present than with the general population because of this.

As a retirement coach, I encourage pre-retirees and early retirees to put as much emphasis on non-financial planning as on the financial planning. Don’t expect that assistance from your financial planner. They are trained to advise on, and sell, financial products and most do an excellent job in helping their clients in that regard. However, they are not trained or equipped to dispense advice on life-planning issues.

Beware the retirement honeymoon

Research has shown that retirees experience a “retirement honeymoon” period of 1-3 years after which the realities of existence within a traditional retirement model sinks in. These post-honeymoon years of retirement can be disappointing, contentious and wasted if pre- or early-retirement planning doesn’t take place.

Here are some of the issues that often surface:

  • Overcoming a loss of identity.
  • Divergent post-retirement interests (career or personal) between spouses.
  • Boredom and stagnation – even narcissism - due to a lack of challenge and social engagement.
  • Depression and physical deterioration because of reduced activity and social interaction and lack of a sense of purpose.

Retiring healthcare professionals can rock the world – on their terms

Personally, I feel that healthcare professionals can rock the world in the new version of retirement. Drawn to the healthcare profession out of a desire to help, having flourished in a life-and-death environment and seen and experienced real-life issues on a deeper level than people in other professions, there is a wonderful, unique and powerful foundation on which to build to the continued benefit of our society.

Consider the freedom to impact and serve in a very unique, personal way without the restrictions of politics, bureaucracy, government controls. Equipped with a longevity bonus and a background unparalleled in touching lives, the possibilities are restricted only by one’s thinking and creativity.

I fear that the persistent pull of the 20th century retirement model will suppress that creative thinking and waste a pool of incredible talent and problem solving.

There is life after healthcare – don’t panic

Those are the words of a new friend of mine, one of a number of retired friends who are integrating their essential selves, passions and their natural and acquired skills and leveraging them back into the marketplace where they will continue to do good.

A recently retired hospital CEO in Missouri, this new friend has chosen to pursue things that interest him. He has chosen to broaden and deepen his passion for civic and community involvement through volunteer board-level positions, paying forward his executive administrative experience as well as satisfying a passion to serve. He balances that with deepened family involvement, by immersing himself in learning a second language and by building black-powder, muzzle-loader rifles as a stress relieving hobby. My sense is that he has never operated at a higher energy and enthusiasm level.

For a retired CNO/CNE friend, it’s taking her doctorate in nursing and decades of top-level nurse management experience back into the marketplace to help nurse leaders cope with the pressures of today’s broken healthcare system and be more caring patient advocates. She’s doing it through a childhood passion for writing and teaching, using the internet, social media and book publishing. As she approaches 70, she has a passion-fueled energy that’s hard to keep up with.

Three suggestions to help the move to a successful new retirement

  1. Retire to something, not from something.
  2. Use the 3-5 years ahead of your retirement date to chart a retirement course with your spouse/partner outside of the financial planning process. Get on the same page early. Work with a life or retirement coach to help chart this course.
  3. Consider “practicing” retirement now by experimenting with things that may interest you beyond tennis/golf/fishing/yoga. Start isolating the things that excite and motivate you and that will help you achieve a fulfilling, happy retirement.

Suggested reading:

  1. “The New Retirementality”, Mitch Anthony
  2. “Boundless Potential”, Mark S. Walton
  3. “The Big Shift”, Marc Freedman
  4. “Finding Your Own North Star”, Martha Beck

Smooth sailing!!

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Grit = Passion + Persistence

When we talk about attributes or “soft” skills that play an important role in determining success, grit is somewhat of an unknown. Recently I was introduced to Angela Lee Duckworth’s TED talk about her research on “grit” as a predictor of success in work and life. The dictionary defines grit as “courage and resolve; strength of character”. When you think about successful leaders – having a values-based character, a strong passion for and commitment towards a vision, and the resilience to achieve it, is what stands out. Your professional journey is a marathon and not a race. To be in it for the long haul is success (not just achieving the milestones along the way), and it takes more than just talent or intelligence. Passion can drive you to graduate school or to innovate and start a company, but it is perseverance that will help you succeed and thrive. Can grit alone get you there? Probably not, but lack of grit surely will not!

It involves staying steadfast on your path, overcoming failures and viewing challenges as opportunities to grow, regardless of the effort involved. It involves risk, sacrifice, sincerity and self-control. It takes deliberate practice and intentional strategy. As Lincoln said “If I had 8 hours to chop down a tree, I would spend 6 of those hours sharpening my axe. “

Grit is a fascinating word for me personally. I have always appreciated passion and perseverance but to find a word that can articulate both of those significant qualities together is delivering a power packed punch! So, as you take on that next challenge in your personal or professional life, ask yourself if you have the grit to see it through. If you don’t, work on changing your mindset first. And if you do, success should follow…

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What is transformation…and why should we care?

“I’d like to introduce Gary Skarke. He is an expert in the area of transformation. His company’s success, for the most part, has been outside of healthcare but has touched healthcare on a small scale. As we all know, healthcare is going through a significant transformation and most of what he will share in the article below aligns well with what is happening in the healthcare industry today.

This is the first in a series of articles focusing on the many types of transformation his company has helped other organizations navigate successfully and how these same situations are occurring within healthcare today.” – Jim Wiederhold

* * * * * * * * * *

In today’s environment, organizations must change – and change dramatically – to survive and thrive. Who remembers what happened to RCA televisions, Motorola cell phones, or Myspace (competitor with Facebook) or how they lost their market leadership? They did not make the dramatic innovations and changes (typically called transformations) to stay ahead of the competition. Businesses have made transformations for a number of years although they were previously called under the headings of quality, reengineering, Lean Six Sigma, and others. Such transformations were made to cut costs, grow, increase customer satisfaction or simply stay in business. United States healthcare similarly has and is undergoing transformations, many of which are mandated by the U.S. government, like electronic medical records. We wanted to share what transformations are happening with businesses so that they can be applied more readily to healthcare.

Organizations are appropriately cautious about transformations. A 2015 survey by McKinsey* found that only 26% have been “very” or “completely” successful at both improving performance and equipping the organization to sustain improvements over time. Transformation is an overused term. It is not a tweek, but an overhaul – a complete change in the way business is done. IBM was at one time only a provider of hardware such as computers but transformed successfully into a provider of consulting services. The amount of effort that goes into the change is proportional to the impact on the organization. The bigger the change, the bigger the effort, and the bigger the potential results. Transformations can be around any or all of the following: strategy, process, systems, metrics and culture. We will cover each of these areas in a series of brief articles.

* McKinsey & Co., 2015, “How to Beat the Transformation Odds”

TBO International LLC provides transformation services to help clients beat the odds for successful outcomes.

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The Importance of Mentorship in Our Lives

We all need guidance. Even the most seasoned professional needs a sounding board from time to time. I am a firm believer that as professionals we can choose to never stop growing, learning, and evolving into the best version of ourselves. Part of this growth is directly influenced by the people we seek out for support.

One of the things my mother said to me as a young adult was, “You are the company you keep.” I didn’t realize it at the time, but she was talking about mentorship and being mentored in the most basic sense. To affect another in a positive way and to have them do the same in return, all while growing as a person.

Three ways a mentor/mentee relationship adds value to your life:

  1. Lends you a new perspective. Being a mentor or mentee puts you in the mindset of the other person, even if just for a moment. It can be invaluable to get the perspective of another professional on situations that are occurring in your world in which you feel you have little to no control over. This type of discussion could lead to possible action items or solutions. At the very least, you will leave the conversation feeling like someone actually understands.
  2. Growth opportunity. Often your mentor has been in the profession longer than you and can offer additional insight into a lot of different scenarios. Soak this type of information up and learn from it. Take the gift of hindsight they offer you and make improvements and grow because of it. Conversely, a mentor can grow equally from the vision a younger professional may bring to the table.
  3. Expand your network and give back. Share connections with one another. Start building relationships with the professionals that your mentor/mentee connect you with. This is how genuine professional friendships are created. It’s interesting how things work. While you might be the mentee in one relationship, you will become the mentor in the next. In each instance though you will grow as a professional and as an individual. It’s a win-win.

At Wiederhold & Associates we are launching a mentor program offering our large network of professionals the chance to create deep and meaningful professional relationships with one another. With over 25 years in the healthcare industry, Wiederhold and Associates has one of the largest and most effective networks in the United States. Our Mentor Program takes this network connection one step deeper. It gives the mentor and the mentee the opportunity to use common experiences to glean further insight into life and career situations. There is no stronger bond than those created through shared experience.

Interested in joining our Mentor Program? Click here for more information.

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Leadership's Necessary Ingredients

By definition the term Leadership implies that one has followers, but in real life how does one obtain followers? Often individuals are in positions where the job description states very explicitly they will have authority over the activities, schedules, performance, etc., etc., of others. This is a big responsibility but does being in a position of authority make you a leader? If not, does authority require leadership? Conversely, does leadership require authority?

Is leadership essential for positions of authority, or is it just a human trait that would be nice if available? If a person in authority - aka ‘boss’ - does not have to be a leader, then should we say that leadership is not a prerequisite for being a boss? If not, then if the boss doesn’t formally lead then who does? In my experience, I have found that often the greatest leaders in an organization are not individuals who are in positions of authority but nevertheless have followers and influence the organizational team and culture in very significant ways whereupon often the implementation and execution of organizational goals and objectives are directly determined by them - our informal leaders. Some examples of leaders without formal title and authority were Gandhi, Martin Luther King, Nelson Mandela and Joan of Arc to name a few.

I have found that it is optimal if bosses are also leaders, but unfortunately the former does not always entail the latter. Often an organization has people in positions of formal authority and responsibility who are not leaders and consequently have very little influence and leverage over team productivity and goal execution but yet have all the responsibility. Although it must be noted that frequently when a boss is not a leader it is due to no fault of his or her own. Maybe they are new to the organization or possibly young and lack experience, maybe a bad hire and put in the wrong position or maybe they are experts in a vital area but truly possess little ability in areas of communication and or interaction with people. There can be numerous reasons why a boss is not a leader.

These formal bosses may make decisions and create and finalize numerous policies, but still are not able to actually achieve progress towards the organization’s goals and objectives because they have few if any followers. Often, they will experience frustration and or anger and may be tempted to implement and execute policy and protocols with force, fear and intimidation to make up for their shortfall in leadership. Unfortunately, this usually has a disastrous affect, fostering anger, resentment, resistance and or anxiety and paralysis. Ultimately the results show up on the P&L in the form of higher labor cost caused by excessive turnover, unwarranted overtime and lower revenue caused by poor patient experience and lower quality of care i.e., angry or afraid staff just are not capable of giving compassionate, attentive, high quality care.

I have found there are two essential ingredients necessary for genuine leadership; respect and like. Respect means people believe you know where you are going and you know how to get there. Like means they believe you care about them and that you want them to succeed and enjoy the journey. If they respect you but do not like you then they will follow you but they will not stay with you. If they like you but do not respect you then they will stay with you but they will not follow you. To be a true leader and to achieve real success you must have both; competency and compassion, intelligence and heart, respect and like. This will result in followers who voluntarily follow and stay with you long enough to accomplish something meaningful.

There are three key questions then presented:

  1. How do we assure that people in positions of formal authority and responsibility become true leaders?
  2. How do we assure organizational success during their leadership educational journey?
  3. How do we assure utilization of people not in positions of authority and responsibility but who are genuine leaders?

First, to accomplish the aforementioned, we as senior leaders must create through our actions and our hiring process a culture of caring and respect. Simply said, “The Golden Rule must be part of our key criteria for hiring, it should be emphasized in orientation and clearly and strongly stated in our code of conduct and be the center of our continuing education. But most importantly it must be ‘shown’ in our daily walk and talk, emphasized in our interaction with direct reports and leaders of tomorrow and exemplified in our decision making and prioritization of goals and objectives.

Second, we must truly believe that our staff are assets and not liabilities and invest our time, effort and resources accordingly. Everything we want to achieve in healthcare involves people. Nothing can get done successfully without them. If we want competent leaders, then we must invest in them as such. We must invest on a continuous basis in their education and training and mentoring and coaching if we expect them to develop the competency required for leadership. Wisdom and prudence demands that we do this so that our most valuable assets – our staff – are leading with up to date knowledge, skills and know-how rather than being ill equipped for the future and getting left behind.

Third, we must create a culture of inclusion which means everyone is part of the same big team. Our culture and belief system must entail the core belief that everyone has equal intrinsic value as human beings i.e, different roles with different responsibilities but all of equal value. This would then be exhibited in our team dynamics where every person in authority, every boss, would value and listen to input and not only allow feedback on ideas and decisions but highly encourage it from everyone. A culture that recruits, hires and trains its individuals of authority to listen and serve rather than direct and dictate i.e, humility. Individuals who intimately understand they do not know everything and are not expected to know everything and have true humility, will identify, value and listen to their informal leaders and use them as champions in a positive way for the betterment of the team, patients, community and organization.

An organization that creates a culture of leadership that exemplifies the Golden Rule; cares for and respects all staff; sees staff as assets and invests in them accordingly; values all individuals equally; is inclusive and listens; and where humility is an expectation of all positions of authority will best be able to assure there is consistent genuine leadership which has followers who both Trust and Like them, because they exhibit Competency and Compassion, Treat their staff as Assets and utilize both Formal and Informal leaders consistently for the good of all.

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DON'T GET AMAZONED

The company that puts you out of business will not look like you!

The job of an entrepreneur/CEO is to look around the corner to see what is coming in the future. It is hard to know what a competitor looks like when they may not look like me (see: Amazon vs. Sears, Uber vs. Yellow Cab).

When I peek into the future, how do I know what I am looking for? What will my competitor or my business model look like tomorrow? The risk of missing a change in the business model is great. My role is to work on new processes that can help my clients get more value and make Medic Management Group more competitive. Many CEOs are concerned that disruptive companies may enter their business segment and change the business model. Amazon may not enter my business space - health care management - but I have to worry about companies like Apple and Google.

In my world, I cannot be lulled into thinking that patients will continue to seek health care in brick-and-mortar buildings. The technology explosion in health care does not just relate to genomics, new medications and surgical treatments. Every day new technology is being developed to enable patients to be seen from remote location s through monitoring devices that communicate with the providers. The telemedicine advertisements that we see on TV are just the beginning.

Many entrepreneurs and CEOs are too busy working on the day-to-day issues of their companies to explore new opportunities. We are so entrenched in day-to-day that we do not think like the generation of entrepreneurs that is looking for the new way. In the past, we attended annual trade shows, or we would study our competition to see what they were doing. Today, by the time you see what the competition is doing or hear the ideas that are discussed at trade shows, it may be too late.

How do we keep from being 'Amazoned?'

  1. Get new ideas from businesses not in your industry. When you meet friends or talk with colleagues, do not just ask ' how's business?' Ask what new ideas and technologies they are seeing in their field and consider how they can be adapted to your business.
  2. Perform a critical analysis of the current business by your team or an outside entity. How can we do it better?
  3. Learn about bots, artificial intelligence and new technology, and find out how they relate to your products and offerings.

As the CEO, owner, entrepreneur, you are the chief visionary. You cannot delegate something as important as understanding the future of your company. A 22nd century vision is critical. Those of us that "skate to where the puck is going, not where it is has been" have an advantage over our competitors, current and future.

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Hard-wiring Your "Soft" Skills

We all know that the secret sauce to success is having the right ingredients of skills, knowledge and abilities. Skills and knowledge can be gained through educational training, work experience and mastery through practice. The abilities often revolve around the “soft” skills you possess. One definition sums it up for me – “Soft skills are the personal attributes, personality traits, inherent social cues, and communication abilities needed for success on the job. Soft skills characterize how a person interacts in his or her relationships with others.” (Source: The Balance)

Why are these skills important? Have you met a highly qualified and brilliant person who may be struggling in their career? Well, chances are that their EQ (emotional quotient) may not be as high as their IQ (intelligence quotient). Teamwork, communication, leadership, listening, negotiation, self-promotion, critical thinking, conflict management, innovation, flexibility, emotional regulation, persuasion - the list maybe endless depending upon your professional niche. But these skills help you better utilize your technical skills and be more effective and competent in what you do. Lack of these skills can also be “derailers” to your success. We spend years sharpening our “hard” skills through school and continuing education, certifications etc. But not enough attention is paid to investing in cultivating the soft skills which are much harder to master but can really differentiate you in a highly competitive market. Although some of these abilities maybe innate, most of them can be developed through awareness and deliberate practice.

Through heightened emotional intelligence, you can learn how to balance the rational and limbic systems in your brain and enhance your personal and social competence. The four core skills of emotional intelligence are – self-awareness, self-management, social awareness and relationship management. As you advance through the various domains, the soft skills become easier to master. The first step is to identify key skills that are necessary for success in your chosen field. You can do this by reviewing “job descriptions” for positions like yours, speaking with role models, mentors, industry stalwarts. The next step is a self- evaluation exercise to help you identify which of these skills you possess and how strong they are and, which skills are areas for opportunity. There are several tools out there that can be used like Myers-Briggs, DiSC, Stengthfinders, Hogan Leadership Assessment, Leadership Circle Profile 360. You can also work with a coach on this and the next step. The final step is reviewing the assessment results and laying out an action plan to address the gaps and strategize on improvement. Behavioral change takes time and baby steps will help you get there.

Over a series of blogs, we will explore several of these skills that can magnify your success, both personally and professionally. Stay tuned!

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Career Lattice vs Career Ladder

Last week when the guest speaker in my Organizational Behavior class mentioned “career lattice”, I saw many quizzical expressions on my student’s faces. I realized, where other industries have adopted this method of talent development and retention, the healthcare industry largely lags. Part of the reason is the level of specialization, training, and even licensure requirements in certain roles. Certain skills need to be honed over time and you get better at your “trade” the longer time you spend in it. This can and has, however, led to burnout in many healthcare professionals leading to a talent drain. Healthcare is now one of the largest employers in the country, so it is time we paid attention to breaking stereotypes. The hierarchical career ladder has always been around and may have worked well in the past. But as more and more professionals look towards versatile and rewarding careers, while still maintaining a semblance of balance and flexibility, the concept of a career lattice makes much more sense that it ever has. The other limiting factor is our definition of career growth. We mostly tie it to a title or compensation, making it very prescriptive and limiting our options. But how about expanding your professional toolkit or repertoire, getting outside your comfort zone to challenge your abilities, utilizing your skills and experience in a different area – is that not a growth opportunity? Sometimes to take a step ahead, you may need to take a few steps back or sideways!

Though it may not be applicable in some specialized niches, it is important that healthcare organizations explore and adopt the concept where high potential employees are given growth opportunities to explore other roles and develop new competencies. We know that changing an individual’s attitude or behavior based on an organization’s culture is a much harder journey than teaching new skills and competencies. They why lose a professional who has become an integral part of the organization due to a lack of opportunities? In some industries, it is the norm for professionals to remain in their roles only for a couple years before they move into another role. This enhances employee engagement, retention and loyalty, while ensuring a steady pipeline of motivated individuals within the organization to fill critical vacancies. It also significantly reduces the costs associated with recruitment. What are some best practices that healthcare can adopt? Most healthcare organizations are accustomed to matrix structures, so opportunities are plentiful.

When I look at my own career path, it has certainly been a lattice. I planned to get to the “top” and the quickest way was the hierarchical ladder. It was a competitive rat race. I wanted to remain in hospital operations as that was the world I knew, loved and thrived in. I exceled and did achieve my career goals becoming a hospital CEO. But that also got me to a crossroads in my personal life. I loved my work, but I also loved my growing family and had to make some difficult career choices to give both my best. What I have learned through my experience is to keep your options open and never be afraid to take risks. The adage “greater the risk, greater the reward” maybe cliched but is so true! What I feared to have been career suicide (stepping down from my first CEO role) launched my career into a very different and equally rewarding path! So, whether your organization supports a career lattice or not, don’t be wary to explore it in your own career journey and seek out opportunities that help round your experiences and not typecast you or limit your options. Be creative and enjoy the journey. It is not a race so why not take the scenic route?

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Are You Ready for 2018?

2017 has been a turbulent year for the healthcare industry. Not only have we seen tremendous disruption in technology and innovation, but also more consolidation and strained resources. Natural disasters across the country and the unstable economy have added to the mounting pressures. Leaders have been challenged to do more with less, like never before. You may be using predictive analysis tools in strategizing for your organization, but have you looked at your personal toolkit to see if you are ready for what’s in store in 2018?

At Wiederhold & Associates, we consider three key ingredients for success – history, process, and relationships. Here are some techniques to proactively and methodically plan for a successful 2018.

History:

  • List of accomplishments - Do you have a list of professional achievements for the year? Grab a pen or type out a list, before you forget! It is important to keep track of any milestones, at work or outside, that have been proud moments for you. As time passes by and memories fade, you may lose track of things that may have significance in the future. Doing a quick year-in-review list of accomplishments will help you document and keep these fresh. Or even better, start a business journal and keep it updated throughout the year.
  • Resume - When was the last time you updated your resume? You do not have to be actively looking for a job to keep your resume updated. In times like these when change is inevitable and happens at lightning speed, it is always a good idea to periodically update your resume especially with new skills, accomplishments or credentials that you may obtain along the way. The same applies for your LinkedIn or any other social media profiles.
  • Self-assessment – Have you done a gap analysis for yourself lately? There are several assessment tools available but even a simple exercise of listing any new skills that you have learned or honed, assessing any areas that still need development, and identifying ways to work on these ensures that you are focusing on your professional growth. The core competencies for roles have steadily evolved, and what measures were used to assess your performance even five years ago may not be as relevant as what is needed in the future. Do you have a competency checklist for the types of roles you see yourself in and are you diligently working towards building/polishing those skills?

Process:

  • Personal Brand – Have you “Googled” yourself lately? Always be aware of what is floating in cyberspace about you. Reputation management is an active and lifelong task of maintaining your personal brand. At times you may find yourself caught amid a media blitz not of your own doing or liking. Being aware, and taking necessary and proactive steps to protect your online brand is critical to your professional success.
  • Goals – Do you have a SWOT analysis for yourself? Once you have identified strengths and areas of focus, set SMART goals for yourself. Ensure that your personal goals align with your organizational goals, if there is dissonance it is time to reflect! Where possible, have discussions with your boss to find synergies that will benefit all parties.
  • Action Plans – Do you have clear action plans to achieve your goals? What skills/experiences are you missing in your toolkit and which ones do you plan to focus on in the coming year? How will you measure success?

Relationships:

  • Networking - The holidays are a great time to reach out and reconnect with individuals in your network. It also offers a lot of social opportunities, holiday parties and gatherings to meet new people and expand your network. With work slowing down some, and the holiday cheer around, people tend to be more open to giving and receiving. A great time to nurture your relationships!

So, celebrate your accomplishments in 2017 and ring in the New Year with confidence and assertion. Cheers to your success in 2018!

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Give yourself the gift of networking – how to network during the holidays

The holidays are the perfect time to reconnect with old friends and colleagues that you may not have spoken to in a long time. The season is full of celebrations and parties where you are in the presence of a lot of untapped potential. Potential to make a connection. Spark or rekindle a new or old friendship. Networking is all about finding connection points.

Finding that common ground that endears you to the other person and during the holidays, those connections come even easier with the added ingredients of warm fuzzies (eggnog anyone?) and a healthy dose of good cheer. So, when you are headed to the next holiday party, don’t groan and moan and count the hours until you can be home in front of the fire, look at it as an opportunity to widen your net and build up your network.

How to work a room:

  1. Don’t stand by the front door. When people first arrive to a meeting or party they are nervous and looking for a place to put their things or visit a bathroom. Standing by the door is a sure way to get overlooked.
  2. Spend only five minutes with each person you meet. This is long enough to listen to what makes them unique and for you to establish a connection within exchanged pleasantries. Get their business card and offer yours if asked in return.
  3. Make notes on their business cards. Anything that will help you remember that person when you look them up later is invaluable. There is no way you can keep everyone you meet straight and that one detail about that person could be what gets you that future meeting. It adds the personal touch.
  4. Follow-up. Think of how many times you given out your business card. Now think about how many times someone used that business card to reach out to you after the fact? Part of working a room successfully lies in the follow-up. Connect with the person on LinkedIn, shoot them a quick note telling them how nice it was to meet them and add the fun fact about them you jotted down on their business card.

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Three Ways to Work With Recruiters

With over 15 years of executive search work and helping healthcare companies recruit, land and lead talent for their organizations, there are still things in the industry that surprise. One of those is the disconnect between the healthcare executive and the headhunter/search industry.

In this article I will share 3 Ways to Work with Recruiters.

  1. Get to know them before you need one
  2. Often, I get calls from healthcare leaders whom I have never had any prior contact with because they are now out of work due to a reduction in force, a merger or conflict with a board member and a myriad of other reasons.

    An old Chinese proverb states: “The best time to plant a tree was 20 years ago. The second-best time is now.”

    I have talked with thousands of healthcare leaders and I am always surprised when someone tells me this is their first real conversation with a headhunter. In today's fast changing healthcare world your network is key to your future success should you need to do a job search.

    Unfortunately, when an organization decides to do a RIF there is no loyalty to you even if you have spent the last 10 years giving 60 hours a week to the organization. Even when we as leaders expect loyalty from our employees we are willing to cut their legs out from under them when we must save money or our own job. (But I digress). This is a topic for another day.

    The point here; get to know recruiter(s). Even if you just took a new job continue to build your network. I have worked with executives who have taken a new position only to find out it is not the right fit; a board member decides they don't like them or the family isn't happy once they arrive and the need to extract from the situation sooner rather than later.

  3. Take or return their calls
  4. As I stated above, I get calls from leaders who I have never had a conversation. What I didn’t say is that I had never called them. As a headhunter my job is to network, get to know leaders and help you, or an organization find the right fit for an opening.

    I know what you are thinking here. I get way too many calls from recruiters to take or return a call. I am way too busy to speak with every headhunter that calls my office.

    Believe me, I understand this point, but see point number one.

    I am not saying you must return every call every time, but build relationships with more than one recruiter. How many? The number is up to you, but I suggest you have a relationship with 5 to 10 recruiters in the industry. Not all recruiters are the same. Some are transactional and don't want a relationship, they just want the placement, some treat candidates like a head of cattle and just like to run you through the process and some are relational and want to work with you long-term and build a relationship that serves you both to find a job and help you build your team should you need help.

    You need to talk with more than one or two to find the right match for your own personal style. And also understand it is impossible to know about every possible job in the marketplace, nor can we place you in a job if a company is already engaged with another firm, or is unwilling to pay us a fee for the introduction. Therefore, it is important to get to know many recruiters, and the only way you can do this is to return calls, or messages when appropriate.

    I learned, probably like you did growing up to treat others the way I want to be treated. However, I do my best to treat others better than I want to be treated…this is the platinum rule. Most recruiters worth their salt and who have been in this business more than a couple of years are fairly thick-skinned and take rejection pretty well, or they wouldn’t still be doing this kind of work, but I recommend when you can -- return their calls. You will know within a few minutes of conversation whether you can connect with this person or not, and if you don’t just be honest and tell them you prefer they not bother you anymore.

  5. Update your resume every six months and send to your recruiter contacts.
  6. If you are like me and most others I talk with in this business, it gets harder and harder to remember everything we have done or accomplished from one month to the next.

    I suggest every month you sit down and reflect on what you have done to move your team, departments and organization forward. Keep a running document or journal that is secure and saved frequently that you can update each month.

    Schedule an appointment with yourself every month to do this so you don't forget things and they never get added to your resume. I also suggest you do this with your team. I am a coach, and this is a great way to coach your individual team members each month and encourages them to keep working hard and reminds you of how hard they are working. Then guess what? When it is performance evaluation time you have already had 11 sessions with them to help you create their evaluations and now there are no surprises at the end of a year.

    If it is not put on the calendar it will not happen. Put this appointment on your schedule and your teams schedule every single month...you will thank me later!

    Once you have the information on your own personal journal document, then schedule a six-month appointment with yourself to update your resume with the best and most quantifiable information you have from the last six months. Then spend 30 minutes writing a personalized email to your recruiter contacts and attaching your resume.

    This doesn't mean you are looking for a job, it means you are watering the tree after you have planted the seed. You are growing your network before you need it.

    Learn more about mike at www.harbourresources.com

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Inner Leadership Development

Recently, I became certified in the Leadership Circle Profile, the most comprehensive leadership assessment system available. This is the second assessment I added to my tool chest focusing on leadership. The first was the Hogan Assessments. Together, these are a powerful measurement of where a leader is now and how he/she can improve. That decision has to be made around internal change.

The Leadership Circle Profile is a true breakthrough among 360 profiles. It is the first to connect a well-researched battery of competencies with the underlying and motivating habits of thought. It reveals the relationship between patterns of action and internal assumptions that drive behavior. Ultimately, the Leadership Circle Profile goes to a source of behavior to get greater leverage on change.

Second, the profile creates much more than just a list of behavior competencies. The Leadership Circle Profile Results are organized into a very powerful system for understanding human behavior and development, as well as for making sense of the interrelationships between the many dimensions of yourself. Unlike most profiles that take hours to interpret, the Leadership Circle Profile integrates all this information in a way that brings the key issues to the surface instantly.

The data in the Leadership Circle Profile reveals itself in seconds.

At a glance, the whole gestalt is accessible-putting leaders in touch with what is working, what is not, and why!

In most organizations, this treasure trove of information remains buried. Leadership Circle Profile makes it easily accessible

The Leadership Circle Profile provides you with a leadership MRI, giving you the entire picture in one diagram. I am proud to offer this tool to my clients who are ready to evaluate their inner leader and discover how to bring him/her into their everyday life.

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