Bohan and Bradstreet

Staffing Blog

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Will the Momentum Change?

Monday, July 25, 2022  by Bailey

Over recent years, it has been blue skies for most. The USA has been the leader for global recovery. The value of the US dollar hit a 5-year peak in May (2022). We survived Covid. Unemployment is hovering at 3.6%, a sustainable low for the first half of 2022. “Buy America” is the trend. People have been venturing out and reembracing life.

And then prices gradually increase. The stock market starts to respond. Spendable dollars are a luxury if available. Interest rates are up. Supply chain quagmire remains. Is a recession on the horizon? Does working hybrid or virtual enhance career progression? What are you doing about your future?

From a career planning perspective, here are the three questions you need to ask yourself:

  • How valuable is your role? If you are meeting or exceeding expectations, then the more critical your role is will be a barometer for your career progression. There are three levels of employment. The first are those that lead and impact strategy and P/L. The second are those that implement and drive strategy, change, and/or continuous improvement. The third are the doers.
  • How stable is your current employer? Evaluate revenue trends and backlog. What is the recent history on winning or losing customers? Is your employer making investments in infrastructure? Are we innovative on product or services? Does the company have differentiators that are sustainable? Is the culture and/or leadership changing?
  • Are you reinvesting in your career? If you don’t know more or have not added new skills in the last year, then you have lost market value. No one owes you a living. Career security and progression is a combination of self-awareness and motivation to be your best.

Take a moment to reflect because the economy is unpredictable. Own your career. 

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3rd Quarter Looking Up

Monday, July 11, 2022  by Bailey

 

As we wrapped up the second quarter and headed into the holiday weekend, the B&B team maintained strong hiring trends for our clients. Each member of the team is expertly executing comprehensive talent searches within a streamlined hiring process as our clients are looking to onboard within weeks. Over 18 successful placements occurred in Q2 and we added over 35 new projects to the docket for July. We welcomed 5 new clients to partner with our team in recent months and look forward to securing the highest level of talent for their teams. 3rd Quarter is looking to continue the strong pace set for 2022!

Our 5 most recent placements:

1)    Senior Manager, Digital Marketing for a global industry leader with a product portfolio that supports customer product platforms within the medical device space.

2)    Division Controller for the Connecticut division that is a strategic component of the growth plan for the parent company. Due to existing contracts, improved processes, and business development, the expectations are to grow locally at 10-12% annually.

3)    Business Development Manager for a progressive, proactive and empowering business with global operations and Fortune 1000 OEM customers on five continents. The company has a strong product development team to design electro-mechanical products from concept to commercial release for targeted niches within aerospace, automotive, consumer electronics, medical device, telecommunication and other channels.

4)    Manufacturing Engineer for a privately held, multi-site manufacturer with diversified customer base (e.g., medical devices, aerospace, capital equipment) that is expanding organically and via acquisition.

5)    Manager, Trade Promotion and Analytics for the global division of a multi-billion dollar company that produces well-known brands found in the consumer healthcare space and has a strategic plan to grow to $1B in 5 years. 

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Happy 4th of July!

Friday, July 1, 2022  by Bailey

 

The B&B team is looking forward to a long weekend of summer celebration before returning to source talent for our clients. 

We wish you a happy, healthy and safe holiday!

 

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Success Story

Friday, June 24, 2022  by Bailey

 

Why Choose Bohan & Bradstreet

Privately held, multi-plant manufacturer wanted to upgrade their financial team confidentially. Incumbent was a loyal maintainer and not adding value, embracing technology and partnering as effectively as desired with leadership. There had been recent turnover in accounting department. B&B was referred in by a board member to lead the search.

Following an informative discussion with the executive team, B&B suggested expansion of responsibility and assisted leadership in the development of a scorecard to evaluate candidates. Short- and long-term opportunities for improvements were defined. Organizational profile was slightly altered. Search parameters and process were agreed upon. B&B advised on compensation required to attract the right level of talent.

B&B focused first on appropriate candidates that did not require relocation. Over 100 profiles were researched and reviewed; 17 candidates were recruited and completed the initial screening process. Following in-depth interviews, soft skill assessments, and open discussion regarding the role, company, culture, and upside potential, B&B presented a slate of four candidates. All four were interviewed and two moved forward on 2nd and 3rd round evaluations. An offer was made and accepted. A counteroffer was acknowledged and rejected. From initial signing of search contract to acceptance took 26 business days.

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Styles in Leadership

Friday, June 10, 2022  by Bailey

 

Great leaders are differentiators, they can impact the effectiveness of the work environment and the discretionary effort by a team.  Leaders that can acclimate and adapt a style to a situation are the most effective. 

Research by companies, like the HayGroup, on leadership have shown there are six leadership styles that employees can apply to the situations they encounter:

·        Affiliative – create harmony and avoid conflict; relies on building internal relationships and consensus
·        Authorative – provides long-term direction and vision; relies on “dialogue” with others
·        Coaching – focuses on long-term development of employees
·        Coercive – immediate compliance; relies on “directives” rather than “direction”
·        Democratic – very participative; building commitment and generating new ideas
·        Pacesetting – establishing high standards of excellence for completing tasks

The most effective style depends on the situation, task, employee that needs to be managed in addition to other variables like times pressures, risks, resources, etc.  Great leaders are able to diagnose the demands of the circumstance and use multiple leadership styles to persevere.

As a company, you face an unlimited number of different situations.  As an organization, you need to ask the following critical questions:

·        What does the situation require of us to compete in a challenging environment?
·        Do I have the bench strength to handle the situation at present?
·        Am I grooming the next generation of leaders?
·        Can I diagnose the leadership style(s) that are most “natural” to our organization?

Companies need leaders that complement each other, but also need to acquire leaders to compensate for what you do not have.  Companies that are open to this dialogue and aware of blind spots internally are forward thinking, and ahead of the talent acquisition curve.

How can we help you find top talent?

We present individuals distinctive to the personality of the organization. We evaluate on technical qualifications, cultural fit, leadership capabilities/styles, critical and creative thinking capabilities, and interpersonal skills. 

We have deep functional experience and have placed over 3,000+ individuals over our 25+ history within these business functions:

·        Accounting & Finance
·        Compliance, Legal & Risk (CLR)
·        Engineering, Operations & Supply Chain (EOSC)
·        Human Resources
·        Marketing, Sales & Strategy (MSS)
·        Technology

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