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Putting Stock into Your Own Career

Tips for Personal Asset Management

Financial managers manage your money, stockbrokers manage the stock market, corporate senior managers, we can only hope, manage day-to-day business matters. Hollywood stars hire expensive talent managers who receive 10%, 15%, 20% of their gross salary just for understanding their clients’ skills inventory and selling it to the right buyer at the right time. Who is managing your personal talent assets during your search for a new job?

Before the bearish economic and social shake-up that hit America, millions of professionals traveled to work each day and utilized their most valuable asset, intellectual capital. Today well over 1.2 million people are missing the opportunity to utilize their enriched talents due to lay-offs, not to mention the executive anarchy that bombards the newsstands today. The shake-ups are not happening in the mailroom, they are happening in the executive suite. From Tyco, WorldCom, Enron and ImClone, the executive implosion is groundbreaking. The value of human capital, more than ever before, is becoming more important to the sustainability and integrity of a company in the history of free enterprise.

Americans are experiencing the job search frustration during the most uncertain social and economic time in our history. B. Kea, an Arizona job seeker was experiencing the perils of job seeking in today’s market. "I stopped looking. I felt I had just bombarded the job market and had to wait for the dust to clear. I started to have all of these thoughts in my head. Everything I was feeling was described… Are my skills enough? Am I too old? Am I over priced?"

Not only are project managers, accountants, housekeepers and software engineers losing their jobs but so are the executive officers. Most executives are volunteering to step down and most are being forced to relinquish their reigns and the companies’ valuations suffer all the more due to the changes. Why it that these internal earthquakes are shaking up is companies’ ability to conduct business-as-usual? In a study of human and intellectual capital, I found excerpts that spelled out the importance of people and talent to a business.

Excerpts from the book Intellectual Capital, by Thomas A. Stewart, are presented. In the age of intellectual capital, the most valuable parts of jobs are the human tasks, such as sensing, creating, and building relationships. One reason companies manage human capital so haphazardly is that they have a hard time distinguishing between the cost of paying people and the value of investing in them. At the same time, compensation systems and governance structures fail to recognize who owns intellectual assets. The question for companies is now to acquire as much human capital as they can use profitably. Human capital grows 2 ways - when the organization uses more of what people know and when more people know more stuff that is useful to the organization. To use more of what people know, companies need to create opportunities or private knowledge to be made public and tacit knowledge to be made explicit. Copyright Time Incorporated Mar 17, 1997

Individual talent and skills are what creates value within an organization. When that talent is stagnated, lost or damaged in any form, the company’s ability to perform, build relationships and produce is directly affected. An industry’s ability to trust the product or service that is created, to believe in the solution that is being sold and to bank on the truthfulness of the companies accounting or stability is crucial.

During an interview with Nightly Business Report, a national public television financial news program, Harvey Pitt the Chairman of the Securities and Exchange Commission (SEC), discussed the new proposal for accounting oversight and reform and was questioned on whether or not he can be trusted and his ability to handle the job. Pitt's response "I can be trusted because I'm not running for office. I can be trusted because I have the expertise and the knowledge to do the job. And when all one has to do is look at the reform efforts that we've undertaken since I've come on board, and you'll see that there's never been a time of greater activity in the history of the SEC or the country. So I think the record is what's going to determine trust and my hope is that people will look at what we actually do…"

Job seekers can use this statement of confidence and derive their own statement of confidence and develop a solid asset management strategy. Take a look at your career history, your ability to make something happen and apply it all to your next position. Putting stock in your talents and making something happen. Research it, design the right report and declare to those who matter, those who can help you land your next job.

CEO, Integrality Global Solutions