Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts

Thursday, May 8, 2008

The ACSESS Conference - Day 2

Today was an easier day for me at the annual conference because I didn't have many official duties. Eagle won a huge award in recognition of our Community Service and that is a big win when so many of the companies in our industry are very generous with their charitable support.


The other duty I had was to help with a session for our technology sector and unfortunately the speaker couldn't make it at the last minute because he injured himself. If I was a polite person I wouldn't mention the words "unfulfilled commitment", but then again if I made a commitment to speak at an annual conference I wouldn't bail 24 hours before my commitment either! In the end it was not a big deal, but I feel it was a black eye for our IT special interest group in an otherwise great conference agenda.


The up side of our "no show" was that I got to attend a session on differentiation which was based upon the book Blue Ocean Strategy. This is a great book that I can't believe I haven't reviewed at some point on this blog!!! I will commit to doing that sometime soon ... but it is basically about redefining your companies market space to eliminate competition. The presenter was a former ACSESS President, friend and industry colleague Bruce McAlpine.

In addition to Bruce's session and the industry awards I attended a very credible session from Fran Goldstein, who wishes her clients a Frantastic day. Definitely a high energy lady with a slightly more aggressive sales style than the typical Canadian (she is from East Coast USA)... but some very good ideas and messages.

I went to an presentation from the WSIB (Workers Compensation people in Ontario) which was another good presentation, that explained their corporate focus on zero accident workplaces in Ontario.

Perhaps my favorite session of the conference thus far was one on mergers and acquisition that featured three well known industry leaders herein Canada talking about their experiences as acquirers and as acquirees! Good information based on real life experiences, with no BS or posturing! Good stuff!

Once again I am convinced that conferences can be one of the best educational tools for any business leader, providing content, networking and the opportunity to establish a reputation for supporting the industry.

For me the 10th anniversary ACSESS conference has been the best one yet and we still have another day to go! If you are given a chance to attend high value industry conferences then grab the opportunity! If you are a business leader then absolutely support your industry association by sending some staff to their conference. I am extremely disappointed that some of the leading companies in our industry are not represented at this event ... in the same way that I think everyone needs to be association members, I also think we have a duty to support these events

The Return on investment is significant in pure learning opportunity, but the networking and reputation building opportunity is probably just as important!

Wednesday, May 7, 2008

Statistics and Facts About the Staffing Industry

I have been on the National Board of Canada's Staffing Industry Association (ACSESS) for more than 8 years now ... and one of my beefs has been our inability to gather consistent and regular statistics that give a picture of our industry. It is something we are working on, and will correct, however there are some other sources of facts that are relevant.

Today ... at the 10th Annual ACSESS conference I was treated to a number of facts and thought that I would share some of them.

A presentation from Statistics Canada gave the latest data on our industry which is for the calendar year 2006. Canada's staffing industry is an $8 Billion industry, up 8.6% from the previous year. This means that we provide a huge number of people with jobs, we pay a lot of money in taxes, we make a major contribution to the Canadian economy and we support a huge number of charitable causes. We also represent a significant lobby capability when discussing our industry agenda with various levels of government.

Ontario has still by far the largest concentration of staffing business, representing 57% of the revenues generated, although Alberta did surpass Quebec in size representing 17.6% of the business, no doubt driven by the hot Alberta oil economy.

For those who think that the staffing industry are "fat cats" think again ... with average profitability of 3.5% (2.6% in Ontario) this industry operates with very skinny margins. This is a fact that seems out of sorts with an economy experiencing greater and greater skills shortages ... which by the laws of supply and demand should mean increasing margins.

Later in the day I listened to a debate about the industry and the President of the American Staffing Association was one of the speakers. The ASA do have strong data gathering capability and Richard Wahlquist was able to give out some very interesting statistics related to the temporary industry in the States ... much of which should be similar here in Canada.

Surprising to some, but not those in the industry, was a statistic that suggests 90% of "temporary workers" are satisfied with their staffing company experiences. This was validated in the UK and Netherlands in addition to the US. This might fly in the face of some "anecdotal" stories of disaffected temporary workers which can always be found if you look hard enough ... and clearly it is "bad news" stories sell newspapers!

75% of temporary workers saw their assignments as a bridge to something else, which might have been a career change or just a full time position ... and most of them achieved their goal. 88% of temporary workers felt that their temporary assignments added to their resume, thus making them more employable. 20% of temporary workers would not want to be anything else! Validating the fact that there is a segment of the population that enjoys the flexibility afforded by the temporary worker lifestyle, for many and varied reasons.

Less than 5% of workers work for staffing companies, meaning that 95% of workers are in full time employment with some other type of company. I would have thought that the temporary workforce would have represented a larger number, but I guess not. So ... just 5% of the workforce (and typically a rotating 5% as temps take full time employment) provide our economy with the flexibility it needs to meet the ebb and flow of work and keep Canadian companies competitive in a global economy.

This is an industry that I believe in strongly ... I work hard to represent the industry's membership on our board and will see this industry rise in prominence over the coming years as demographic pressures and skills shortages underscore the value we can bring. Its nice to have a few facts and statistics to support these views!

Tuesday, May 6, 2008

Join Your Industry Association ... NOW!

Today I spent a good portion of my time in an Industry Association board meeting, tomorrow I will do the same and for the next three days I will be attending our annual conference. Our industry association is called ACSESS (Association of Canadian Search Employment and Staffing Services). Our website has information about the association and about the content of our conference.

I choose to be active in the association because I believe in the work it does (a) to support all companies in our industry and (b) to help our industry continue to grow and evolve as times change. The staffing industry has a huge role to play in the economy, allowing companies access to the resources they need to compete in a global market and with the added demographic pressures added by the boomers retiring.

Whenever I am particularly active in these activities I am reminded that not ALL companies support their associations the way that they should.

Here are a couple of previous blog entries that talk on this subject ...

From September 2006 ... Be Passionate for Your Industry Association.
From December 2006 ... Staffing Industry Leadership.
From October 2007 ... A Trip to the Industry Association Board Meeting.

This entry is really a reminder to any company that is not paying its dues to an industry association ... stop freeloading and start paying! That is the minimum acceptable behaviour of any company ... but better still, get involved and donate time to make a difference for you industry.

Monday, May 5, 2008

Mentoring

Sometimes when I am searching for a blog topic that might be of interest I will go to some of my regular sources and see if there something there to stimulate an idea. Today I found my inspiration in the CPSA (Canadian Professional Sales Association) newsletter, which has quite often provided me with input for this blog.

The article in the newsletter, The Value of Mentors from Brian Tracy was interesting to me. Tracy is a motivator who can sometimes be a little intimidating, but he does have good ideas and his success speaks for itself.

I have varied experience with the mentor "concept" and I'm not sure that I know how to be a good mentor. In the past we have had formal mentoring programs that meant I would spend an hour a month with certain people. That had some success ... if that person knew what they wanted from the sessions. It had much less success when I was left to try and guess what was important to them.

Over time I would insist on them taking full responsibility for the sessions ... scheduling them and providing an agenda. that had a little more success, but quite often the agendas were a little bland. In the same way that I didn't really know what I knew that might be interesting to them ... they had trouble figuring our what they needed to know! Catch 22!

The best success for me has come when there is something very specific to discuss, that I feel I can bring some value and the recipient feels it will help them. Tracy's article seems to support this.

I have spent time with your entrepreneurs looking for advice, with other business people who thought I might know something and with employees looking to progress in their careers. I have belonged to peer groups that gave me access to knowledgeable people but have never had a formal mentor. I don't know what i would look for in a mentor ... I don't expect Bill Gates or Larry Ellison would be happy to offer up time for me!

The article is worth a read and while I still struggle with how to make the mentor role work, it is a work in progress and perhaps this article gives me a little more insight.

PS. CPSA membership in Canada is a great bargain ... for salespeople and for business owners. Great discounts on hotels and car rental in addition to super materials monthly in their magazine.

Thursday, May 1, 2008

April IT Industry News

Every month I take a 30,000 foot look at events in the ICT industry. This is my overview of April's news, with a brief reminder of what was news in April a year ago! What you see here is a precis of the monthly report I produce, which will be available at the Eagle website over the next day or two.

Last year in April 2007 Google had a busy month, paying a whopping $3.1 Billion for Doubleclick, in addition to buying Marratech’s videoconferencing software; other big deals included CSC paying $1.3 Billion for Covansys; Mitel paid $732 million for Inter-tel, Software AG paid $546 million for webMethods and Business objects bought Cartesis for about $300 million. Also this time last year Lenovo announced cutbacks of 1,400 staff.

The big M&A deal in April 2008 saw a merger of the third and fourth largest chip makers STMicroelectronics and NXP into a $3 Billion company. IBM was busy, making three acquisitions this month Diligent, FilesX and InfoDyne; Yahoo bought Tensa Kft. despite spending time fending off the attentions of potential buyer Microsoft; and speaking of Microsoft they had a couple of acquisitions Farecast and Komoku; EMC also had a couple of forays into the M&A market with Iomega and Conchango plc.

Other than M&A activity this month there was some bad news from DELL, Symantec and AMD who all announced layoffs. Juniper Research tell us that more than 800 million consumers will be accessing banking services though their mobile phone over the next three years. Despite the US recession IT jobs increased 12% last quarter, which is a good reason to get your kids into IT … but it is engineers that rank as the hardest job to fill according to a Manpower survey. Finally the email scams are getting more sophisticated and “spear phishing” has been getting some press due to its levels of success.

Monday, April 28, 2008

Imaginative Business Ideas

I have previously written about the Ideas Database from Springwise. It features many new business ideas from around the world … and I am always fascinated at the ingenuity of people!

Here are some the great new business ideas that caught my eye recently.

A few days ago I wrote a blog entry about exercising your brain which was prompted by my wife bringing home a book of logic Puzzles! Well a new business concept around Brain Gyms for Boomers has started in San Francisco. It is aimed at giving us Boomers a brain workout the same way we go to a gym for a body workout!

A British company has started offering Alcohol Breath Testing for Events. This is an attempt to educate people about their blood alcohol level before they get in a car. Of course the best answer is to not drink and drive at all, however there will always be those who “think” they are OK. Anything that helps is good … and a new business venture is formed at the same time!

As a biker I had to be intrigued by a new offering from a Swedish company. A tow “motorbike” that is capable of negotiating through traffic to your stalled car and towing you away! Seems like a great idea for the city … as long as the towed vehicle is not damaged.

Given my involvement in a number of charitable causes I couldn’t close out without mentioning Kiva. This is a venture that provides “micro loans” to entrepreneurs in developing nations. The latest twist to this great organization is that they have found a way make their loans go further in partnership with a credit card company. Can you imagine the power of helping budding entrepreneurs to kick start a nation!

As always a brief visit to the Ideas Database helps me to think a little outside the box, and gives me a little inspiration. Hope you enjoy the visit.

Friday, April 25, 2008

Canada Does Not Accept a Recession!

I get a little fed up reading the newspapers and hearing the messages that we on the brink of recession ... there is danger of another great depression .... tighten the belt!!! All this hyperbole does is to feed the fear of a nation and then we just end up believing the bad news and creating our own problem!

So some financial wizards in the US found a way to sell mortgages "on the never never". They made themselves a small killing for a short while and now they have created a US recession. Millions of home owners find themselves in a position where they owe more on their mortgages than their homes are worth, and the impact is huge. Personally I hope that the people who caused this misery will pay, in the same way that errant corporate CEOs paid for their sins in recent years. I really want to read about leaders of these financial institutions going to jail! But that is not the focus of this blog entry!

The good news is that we are in Canada! The Canadian dollar is strong, we did not indulge in the same kind of mortgage madness as the US and we are rich with oil revenues. Our economy is strong and there is no need for us to talk ourselves into a recession! The media talk doom and gloom all the time, because that is what sells. The problem comes when we start to believe it ourselves!

The US caused its own issues and the US economy is no longer the engine of the Global GDP. The emerging markets of India and China are driving demand in the world today, which means that we are no longer as dependant upon the US economy as a global indicator.

So my message to everyone, is that Canada's economy is strong, keep building, keep buying, keep investing and keep doing the things that have created this economy!

DO NOT LET OUR MEDIA TALK US INTO A RECESSION!!!

Thursday, April 24, 2008

Pet Peeves of CEOs

A couple of years ago I wrote two separate blog entries focused on new entrants to the workforce ... new grads or maybe just people who are getting their first job.

Generally speaking life before work really does not prepare you adequately for life earning a pay cheque. So I think the (A) 10 rules I talked about in June last year are well worth reading! Also (B) The entry I wrote quoting Charles Syke's book Dumbing Down Our Kids is worth a read.

Who should read this advice? Everyone who has a job!

It is a good reminder about reality ... about the fact that life is NOT fair ... about what employers expect in return for the pay cheque they provide. We ALL (me included) can forget from time to time and take things for granted. The reality is that if we can stop, take a breath and really think about these things then maybe we will be better employees ... and typically good things come from that!

I was talking with a couple of fellow CEOs the other day and for whatever reason we got onto personal peeves in the workplace. There were some very common themes and really it all came down to the fact that the employer/employee relationship is like any other ... and if one side feels they are giving more than taking then the relationship will suffer. (That works both ways). So ... employees leaving early, arriving late, avoiding work, shirking responsibility, not making an effort and generally not caring ... came up a lot!

Like any good relationship, knowing and understanding expectations is a good thing ... (so read the rules!).

Wednesday, April 23, 2008

Ethics and that Personal Line!

There has been a lot of talk about ethics over recent years, a big focus on corporate governance and accountability particularly in the wake of the big news scandals at Enron, WorldCom etc. I wrote a little about this some time ago ... focusing in on business leaders like myself rather than corporate giants.

One of the central features of each of these scandals was a sense of entitlement exhibited by those involved. Today I thought I would talk about personal accountability when it comes to ethics. You have to ask yourself whether those people at the centre of those scandals always had that sense of entitlement? Did they come to “learn” that it was acceptable (to them) to use corporate resources for their own gain?

Ask yourself where your personal ethical line is?

The Pen and Computer Test

Is it OK to take a company computer home and keep it for personal use? I would assume most of us would answer absolutely not, that it is stealing.

Is it OK to take plastic pen from the office and give it to my kid? I think most people would have no problem with that … it’s worth just a few cents, it’s an almost disposable item and probably “everybody” does it.

So then ask yourself … if it’s OK to take a plastic pen but not OK to take a computer where is that line? That is a tough question and it is not easy to answer ... IF you think taking the pen is OK.

The Bogus Lunch Test

Is it acceptable to expense a lunch when the client didn’t show? As a salesperson what is acceptable and what is not acceptable when it comes to claiming expenses? If you are "bringing in the numbers" should the company turn a blind eye to that kind of "fraud" (because it IS fraud).

Did those corporate leaders who are sitting in jail used to cheat on their expenses? Did they start small and “move their personal ethical line” as their comfort level shifted? Perhaps they always felt “entitled” to cheat.

The Time Test

Is it OK to fudge your timesheet a little? Maybe claim an extra hour, or not mention that hour you slipped out to the dentist.
Is it OK to put in a 7 hour day and be paid for an 8 hour day?
Is it OK to use work time to complete your personal tasks, without making it up?

Where is Your Personal Ethical Line?

Much of what I have talked about is just done, taken for granted in the same way that those corporate crooks felt entitled to their spoils ... just on a smaller scale.

I would suggest that you need to adopt a personal code of conduct that is squeaky clean. It really is not worth damaging your reputation, or worse, just to cheat a little on time, to take a few company assets home or to gain a dollar or two on the expense sheet.

If your personal ethical barometer is not enough to stop you from this kind of behavior then think about consequences.

How would you feel if a company camera caught you taking stuff?

What if an audit uncovered timesheet irregularities?

IT IS JUST NOT WORTH IT!

So … set your standards high and don’t mess with them. They become your Core Values and you can live by a code of conduct to be proud of.

Tuesday, April 22, 2008

Make Those Sales Calls

We as salespeople can be notorious at finding reasons not to pick up the phone …

- They are very busy people, they’ll never meet with me.
- I’m told there is no business there.
- I need to do some research on them.
- I don’t know them.
- I hear they are nasty!
- I will call next week … and next week never seems to come.
- I think my competition have them locked up.
- They are more senior than I usually call.

We get very good at finding reasons NOT to do it … and develop an inertia that becomes tough to overcome. Typically we overcome it when the boss “loses it”, the commission cheques start to get a little thin or we see the “writing on the wall”! Then, somehow miraculously, we start to make the calls and wonder of wonders we find that it really wasn’t all that bad. In fact, we see business!

So … whether they are cold calls, warm calls or just calls to people you don’t really want to be calling … its much better to do them ALL the time. Build them into your schedule. If you plan for a certain number of these calls a week and plug them into your schedule they will just happen and it won’t be painful. If you wait until things are slow and the boss is breathing down your neck etc you just don’t know how much pain is going to be associated with that attention!

I wrote a blog entry about making cold calls a little while ago and you might be able to pick up a tip or two from there.

I also wrote a blog entry about why clients will spend time with a salesperson. You need to believe in what you have to offer … or else why would a client bother?

Last reference … I wrote about hitting the sales wall. There might be something worth reading here.

Good luck and good selling!

Monday, April 21, 2008

Local Success for Global Companies

I recently read a blog entry on ITWorld Canada that discussed some recent personnel changes affecting Canadian leaders of subsidiary organizations. The ITWorld position was that Canadian success can’t happen without local leadership.

I have worked for several large organizations and have to agree that without local decision making capability it is hard to achieve success. I would also add to that, if the organization in question is not committed to success in the local market then it won’t happen. To be committed to success in a market means sometimes making investment decisions that favor that market, one of which might be to invest in having local management.

Take for example the global company with clients around the world. If a project in Dallas or New York will pay $2,000 a day for a Project Manager that fetches $1,000 or $1,200 a day in Ottawa what should the global company do? If putting the guy in Dallas means winning a big job then of course that is what they will do … but if it is just filling a hole is it the right decision?

Obviously one-off decisions are not the issue, and as long as they remain “one-off” then there is not going to be huge damage. The issue becomes when the decision becomes systemic … the great talent in the local market slowly but surely moves out of town.

It seems like a sound business decision … more dollars for the same person. Why not?

What happens is that the local market suffers … whether it is in Canada or Mexico or New Zealand or any smaller market. The best talent is not available and they find it hard to win business. They may even become a “feeder” system for the “big billing” offices.

The people who travel may like it at first, but working out of town can wear you down and is not for everyone. So … some of those great people will leave. Also some of the management team will not want to work for a company that does not commit to their local market. The result is that slowly but surely the presence in that local market will atrophy and “big company” will wonder why they can’t make a go of it in those smaller markets.

So the most successful global companies make a commitment and investment in the local markets that they attack. They want to be successful locally because ultimately it is better to be successful in many markets than to just be successful in the bigger markets.