Latest / The Talent Trade / Talent Trade Tidbit - Bonus Season

Transcript

Talent Trade Tidbit - Bonus Season · The Talent Trade

• 0:00
  Hi, this is Stephanie Maas partner with Thinking Ahead search firm.
• 0:04
  Today I want to talk to you about one of my favorite times of the year.
• 0:09
  It's bonus time!
• 0:12
  So the majority of my candidates are getting their big annual bonuses in the next 60 to 90 days and it is a major time for folks to decide what they're gonna do.
• 0:23
  It's also a time when hiring managers who have been courting candidates Look up and say, okay, I've been talking to that guy for four months.
• 0:31
  Is he coming over?
• 0:31
  He got it.
• 0:32
  He said he was waiting for his bonus.
• 0:33
  Is he coming?
• 0:34
  If he does, great.
• 0:36
  If not, we get a call.
• 0:37
  I have hiring managers that say, hey, we can't pay huge sign ons.
• 0:42
  So we'll just wait till they get their bonus and then we'll recruit him over.
• 0:45
  So I get a lot of calls then, too.
• 0:47
  It's a very exciting time.
• 0:49
  Over the next couple weeks, we're gonna see the culmination of those activities.
• 0:53
  Come to a head at the same time.
• 0:56
  Be mindful.
• 0:57
  This is also the time of the year where there are a lot of surprises.
• 1:00
  Candidates you've been courting that you thought for sure were coming on board, suddenly decide to stay with their current organization, or even worse, go with one of your competitors.
• 1:09
  Hiring leaders are always surprised by a resignation they didn't expect or didn't see coming.
• 1:16
  But what exactly does it mean for you?
• 1:18
  I feel like this time of the year, you're really going to be faced with one of three choices about what to do at bonus time.
• 1:26
  First choice, you worked hard.
• 1:28
  You hit your goals.
• 1:30
  Guys, let's be honest.
• 1:31
  If you are in that camp, you need to celebrate.
• 1:34
  Go home, get the bottle of bubbly, bring the flowers or the box of chocolate or whatever works for your significant other, and celebrate it.
• 1:42
  This is what it's about.
• 1:44
  If you're not in that camp, you worked hard, you hit your goals, but for whatever reason, the bonus was a little bit, let's say, a little bit disappointing.
• 1:53
  I do get a lot of knee jerk reaction calls during that and they say, gosh, you know, I did this and I did that and they promised me X, but they only delivered Y.
• 2:01
  You and I both know people don't make moves solely for money.
• 2:05
  And I think if you find yourself in this situation, you really got to take a deeper look at all the other factors around your current career placement to decide, Hey, is this just disappointing and we need to suck our thumb for a couple minutes and then get back at it.
• 2:19
  Or, is this really part of a bigger problem, and whatever you decide to do, make sure it's based on principle decision making.
• 2:28
  For some of you, you're going to fall into the latter category, and I hope you've already called me.
• 2:33
  And that's the category you say, you know what?
• 2:36
  This was the straw, I'm the camel, I've had enough, and I'm out of here.
• 2:41
  If that's truly you, and this was the final straw, please give me a call, let me know what I can do to help.
• 2:47
  If you're not sure which camp to be in, you're not sure what the market bears, what, what is realistic, what's to be expected, call or email.
• 2:54
  You know I'm always happy to help.