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The Online Learner

34 Posts Info and advice on building your skills

Is it time? Have you decided to quit your job? Even in a down economy? No matter what the reasons, it’s important to make your exit smooth for all parties involved. While you may be moving on to bigger and better things, your current employer still has a business to run. You must maintain your professionalism, no matter how much you feel like dropping everything and walking out the door (or sliding down the emergency slide) today.

Why?

A past employer can be an incredibly helpful resource in your career. Whether or not you have a job lined up when you quit, it’s still useful to know that your former boss is willing to give you a good recommendation. Dropping everything and leaving them stranded will not accomplish this, no matter how good of an employee you were up until that point. Remember that the average American changes career three to five times in their life and, on average, people age 18-40 change jobs about ten times [according to a report by the US Dept of Labor, Bureau of Labor Statistics, August 2006]. Chances are, you’ll probably switch jobs again down the road and their reference could help (or hurt) your odds of getting one.

Also, it should be a matter of personal integrity to follow through on the obligations you have dedicated yourself to. Remember that you committed yourself to this company when you were hired. You need to uphold your end of the bargain because you are an ethical professional.

4 Steps to Take:

Give Notice

Be sure to provide your employer with the amount of notice that is considered standard for your position. Typically, this is two weeks. However, many management positions will require (or professionally request) that you provide a month or even two. Be aware of what your employer expects and give them as much time as you possibly can.

Work Hard Until the End

Once you give notice that you are quitting, the people in your office will likely grow a bit distant. Most people believe that someone leaving will stop putting out their full effort. They may also start to doubt their own reasons for staying. It’s natural to have the desire to not work as hard because your vision becomes very short sighted. You stop feeling that your work will result in reward. However, it’s important to continue working hard (even harder perhaps) in your final days to show that you are committed to fulfilling your obligations.

Transition Tasks

If you do certain tasks that no one else knows how to do, offer to train another employee prior to leaving. Otherwise, you will leave your former co-workers in a tight spot after you’re gone. Consider creating a “survival guide” for the person who will be your replacement. Make notes with tips and tricks you have learned along the way. It will be greatly appreciated by the entire office.

Stay Upbeat

Whether you’re excited about your new job or just happy to be quitting your existing position, keep the focus on positivity. Others in the office will be sad and mad to see you go, but you don’t have to let it get you down. Focus on the future and keep the present pleasant.

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Have you taken advantage of the MyPath.com Books 24x7 Reference Library? With your free trial subscription, you gain online access to a selection of leading technology and best-in-class business books from leading publishers. Your trial subscription is good for 30 days and will begin with your first use of the library. To access via MyPath, login to MyPath then go to Knowledge Center by SkillSoft. Finally, click the Books24x7 link and begin your trial. There is no other action required.

 

You can choose from two specialized technology and business collections, with hundreds of titles in each. You’ll see every word, page and image in each book. And every title is fully searchable.

 

One very popular book in the MyPath Referenceware collection is Competitive Engineering: A Handbook for Systems Engineering, Requirements Engineering, and Software Engineering Using Planguage.

 

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Written for anyone involved in management and risk control, this unique book provides a practical set of tools and techniques that enable readers to effectively design, manage and deliver results in any complex organization.

 

Competitive Engineering copes explicitly with the rapidly changing environment that is a reality for most of us today.

 

Elegant, comprehensive and accessible, the Competitive Engineering methodology provides a practical set of tools and techniques that enable readers to effectively design, manage and deliver results in any complex organization - in engineering, industry, systems engineering, software, IT, the service sector and beyond.

 

Here is a sneak peek excerpt from Competitive Engineering: A Handbook for Systems Engineering, Requirements Engineering, and Software Engineering Using Planguage

 

 

What is in Competitive Engineering?

 

CE is taught using ‘Planguage.’[1] Planguage consists of a new industrial systems engineering language for communicating systems engineering and management specifications, and a set of methods providing advice on best practices. ‘Planguage’ is central to CE and permeates all themes of this book.

 

The Planguage Specification Language is used to describe all the requirements, designs and plans for a system.

 

The main Planguage Methods are as follows:

 

Requirement Specification: used to capture all the different requirement types. Emphasis is placed on specifying competitive performance and resource attributes quantitatively.

 

Impact Estimation: used to evaluate designs against the requirements. It is also used during project implementation to track progress towards meeting the requirements.

 

Specification Quality Control: used at any stage of a project to check the adherence of any plan, contract, bid or technical specification to best practice specification standards.

 

Evolutionary Project Management: used to plan and monitor implementation of the selected designs.

 

The reader will, hopefully, find that these are all very practical and innovative methods, compared with current practice and literature.

 

[1]The word ‘Planguage’ is derived from a combination of ‘plan’ and ‘language.’ It is pronounced like ‘language’ with the initial ‘p’ pronounced as in ‘plan.’

 

Chapter 1: Planguage Basics and Process Control—The Purpose of Planguage

 

1.1 Introduction: Why We Need a Different ‘Systems Engineering’ Approach

 

As the rate of technological change has ‘heated up,’ I am sure we have all seen that, increasingly, nobody ‘knows all the answers.’ Previously we could rely on comparatively stable environments (technology, workforce, experienced people, politics and economics). People knew how to solve problems because they had solved similar ones before. In addition, the concept of learning by apprenticeship was valid; ‘masters’ could pass on their wisdom over a time span of years.

 

Things are currently moving so fast that it is dangerous to assume there is any first-hand knowledge of the technology we are going to use, or of the markets we are going to sell to. Even the organizational and social structures that we are targeting are constantly changing. Authors such as Tom Peters have long since clearly documented these trends and threats (Peters 1992).

 

So we have to find out ‘what works now’ by means of practice, not theory. We need to develop things in a different way. We have to learn and to change, faster than the competition.

 

The fundamental concepts needed now in systems engineering include:

 

Learning through Rapid Feedback

Feedback is the single most powerful concept for successful projects. Methods that use feedback are successful. Those that do not, seem to fail. Feedback helps you get better control of your project, by providing facts about how things are working in practice. Of course, the presumption is that the feedback is early enough to do some good. This is the main need: rapid feedback.

 

Dynamic Adaptability

Projects have to be able to respond to feedback and also to be able to keep pace weekly or monthly with changing business or organizational requirements. Projects must continuously monitor the relevance of their current work. Then they must modify their requirements and strategies accordingly. Any product or organizational system should be continuously evolving or it dies. Coping with external change during projects and adapting to it during projects is now the norm, not the exception. Stability would be nice, but we can't have it!

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Figure 1.1: Our requirements are changing faster due to external changes.

 

Capturing the Requirements

It is true of any system that there are several Critical Success Factors. They include both performance requirements (such as serviceability, reliability, portability and usability) and limited resource requirements (such as people, time and money). Projects often fail to specify these critical requirements adequately:

 

not all the critical success factors are identified

no target numeric values for survival and success are stated

variations in targeted requirements for differing times and differing places, are not addressed:

the effect of peak loads, or system growth, on the required levels, is not taken into account

the concept of very different attribute levels, being required by different parts of the system, or by different stakeholders, is not considered

no practical ways to measure the results delivered to stakeholders are specified alongside the requirement specification.

 

The result is that our ability to manage successful value delivery is destroyed from the outset. It is impossible to engineer designs to meet non-specified or ambiguous requirements. It also is impossible to track changes for such ill-specified requirements.

 

Focus on Results

The primary systems engineering task is to design and deliver the best technical and organizational solutions, in order to satisfy the stakeholders' requirements, at a competitive cost. Projects must ensure that their focus is on delivering critical and profitable results. Albert Einstein is quoted as saying: "Perfection of means and confusion of ends seem to characterize our age."[1] Unfortunately, this still appears true today. It is the delivery of the required results from a system that counts. The process used and the technology selected are mere tools in the service of the results.

 

Interdisciplinary Communication

Clear communication amongst the different stakeholder groups is essential. Common problems include:

ambiguity, due to specification that lacks precise detail

critical specifications being ‘lost’ in overwhelming detail

technical specification being unintelligible to the management, who reviews it

inadequate tracking of specification credibility: its source, status and authorization level.

 

Leadership and Motivation

Clear vision makes a huge difference. Clear vision gives a common focus for logical decision-making. When people understand the overall direction, they tend to make good local decisions. Only the critical few decisions need to be made at the top. It is important for all team members to be able immediately to channel their energies in a true common team direction.

 

Receptiveness to Organizational Change

It is also important for system engineers to know that their organizational culture really supports improvement in systems engineering methods. In other words, that people are actively encouraged to look for improvements and to try out new solutions. Positive motivation can be everything! It is not a case of demanding improvement, more a case of supporting and rewarding people who seek it.

 

Continuous Process Improvement

The quality guru, W. Edwards Deming considered that: "Eternal process improvement, the Plan-Do-Study-Act (PDSA) cycle, is necessary as long as you are in competition." Having best-practice systems engineering standards in place, measuring conformance to them and continually trying to improve them is necessary if you are to compete well.

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The only thing that should not change is a great change process.

 

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Want to learn more?


Competitive Engineering: A Handbook for Systems Engineering, Requirements Engineering, and Software Engineering Using Planguage is one of the Knowledge Center offerings found on MyPath.com in the Books 24x7 Reference Library.

 

To access via MyPath, login to MyPath then go to Knowledge Center by SkillSoft.

 

Click the Books24x7 link and begin your trial. Other than becoming a MyPath Community member, there is no other action required!

 

With your free trial subscription, you gain online access to a selection of leading technology and best-in-class business books from leading publishers, including Competitive Engineering. Your trial subscription is good for 30 days and will begin with your first use of the library.

 

Ready to learn? Visit the MyPath Knowledge Center and start your free trial today!

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Entering the working world after school can be daunting enough without worrying about money. Unfortunately, now that you're really on your own, there is nothing more important than staying smart about your personal finances. Here are ten tips to help you get off on the right foot financially.

 

1. Start Saving - Apartments and cars are expensive, and entry level jobs don't pay much, but don't use this as an excuse not to stash away a percentage of your pay. Not only is it critical to get into the habit of saving early in your life, but you'll want to have a cash reserve saved up for the unexpected and at some point, a down payment on a home. To make saving painless, have 10% of your income automatically deducted from your paycheck.

 

2. Build Credit - If you don't already have a credit card, sign up for a card with cash rewards. Use it to buy your everyday purchases like gas and groceries, but pay it off in full every month! In time, this will build your credit history so you can get approved for auto loans or a mortgage when you need them.

 

3. Make a Plan to Get Debt Free - If you graduated with credit card debt, make a plan to pay it down quickly. Focus on high-interest credit card balances first, and put as much extra cash as you can towards the debt every month. Whatever you do, avoid going into more debt. It can be tempting to spend your new paycheck on new clothes, going out, and lavish vacations, but doing so will cost you for years to come.

 

4. Open a 401k - If your employer offers a retirement plan like a 401k, don't miss out on this important benefit. Ask your human resources manger about enrollment paperwork, and elect to contribute at least 6% of your before-tax income to your fund. Many employers will match 50% of your contribution, and this money will grow, tax-free, for your entire career. If given the option, choose "high-risk" portfolios that have the potential for high returns. You're young, so you can tolerate the risk. To read more about 401ks, check out this earlier posting.

 

5. Open a Roth IRA - In addition to your employer-sponsored retirement plan, get into the habit of saving for the future on your own. A Roth IRA is the perfect way to go. You can open one from most financial institutions and contribute up to $5,000 annually (as of 2008). Unlike a regular IRA, you contribute after-tax dollars to a Roth, but when you retire; your distributions are not taxed. This is the perfect complement to your 401k, which lets you contribute pre-tax dollars, but will be taxed when you take distributions in retirement.

 

6. Learn to Budget - In order to make sure you don't go into debt, learn to set up a simple monthly budget and stick to it. Write down how much you make each month and then tally up your expenses like rent, gas, cell phone, food, student loan bills, entertainment, etc. Aim to keep your expenses well below your income, and save the rest. If you find that you spend more than you make, take a long hard look at what you can cut out of your spending, or take on an extra job to make ends meet. There are many free online tools that can help you with your budget, including one of my favorites: Mint.com.

 

7. Start a Business - Don't think you're the entrepreneur type? You don't have to be to earn a little extra cash from your own business. One of the key ways people become financially successful is by creating income streams outside of their salary. Think about ways you can turn a hobby or interest of yours into a part-time gig. Maybe you have an impressive MP3 collection and could DJ parties, or you're an IT whiz and can help people with their computer programs. Know your way around the Web? Start a blog that earns revenue from advertisers and affiliates.

 

8. Set Goals - Successful people figure out where they want to go, and then figure out how to get there. You should do the same, both financially and professionally. Make a plan for where you want to be in five years, and reevaluate your progress every couple of months. How much do you want to be earning? Where do you want to live? How much do you want to have in the bank?

 

9. Improve Yourself - Your greatest asset is your education and skills that you can use to find employment or run a business. Consider whether an advanced degree could improve your earnings potential. If going back to school isn't for you, continue to enrich yourself by reading plenty of books in your field or taking a few extra classes. You never know when a new skill will propel you into a new position or make you worthy of a big raise.

 

10. Give Back - Finally, remember that money isn't worth working for if you only spend it on yourself. Even if you can only spare a few dollars a month, choose worthy causes and give to them. Knowing that you're helping to make a difference to others less fortunate or to advance important research is worth every penny.

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Get Smart About Your 401K

Posted by Lisa Ford Jun 28, 2010

Every year millions of individuals save for retirement through their employer’s 401(k) plan. Hundreds of thousands of other employees who have access to a 401(k) plan do not utilize it. Those individuals who do participate in their employer’s 401(k) plan usually don’t know how to maximize their benefits, while those employees who are not participating usually have no idea what they’re missing or how it can affect them later in life. Most employees usually have many questions about 401(k) plans, as well. The challenge of adequately informing individuals about 401(k) plans has simply been massive, yet it is important for every individual to understand their benefits and how to optimize them.

An excellent solution is available to help you understand and maximize your 401(k) plans--401(k)s For Dummies . This self-paced, fully –digital book brought informs individuals and answers many of their common questions through a straightforward, informative, and enjoyable style widely respected and recognized throughout the world. Learners get a thorough, serious, and consistent look at what can be a very dull subject with this easy-to-use book. And, the book provides an excellent foundation upon which employees can build an excellent retirement plan.

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Discover how to make smart investment choices and build your retirement nest egg.

401(k)s For Dummies

by Ted Benna and Brenda Watson Newmann

John Wiley & Sons © 2003 (266 pages) Citation

ISBN:9780764554681

After reading this book you will know more about:

·       Benefiting from Your 401(k)

·       Understanding the Important Features of Your 401(k)

·       Developing a Savings Plan

·       Weighing Your Options When You Leave Your Employee

·       Selecting Investments

Here is a sneak peek excerpt from 401(k)s For Dummies

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Chapter 8: Weighing Your Options When You Leave Your Employer

When you stop working at the employer that sponsors your 401(k) plan, as if by magic, some restrictions on your money drop away. Except in a few extreme cases, you’re allowed to withdraw your money for any reason at all (it doesn’t have to be a hardship), although you still have to pay applicable taxes and penalties.

This newfound freedom makes about one-third of 401(k) participants giddy enough to do something silly—that is, take the money and run. That’s a bad idea—we explain why later in the chapter. Fortunately, there’s an easy way to avoid pillaging your 401(k)—do a rollover. You can transfer your 401(k) money directly from your former employer to an Individual Retirement Arrangement (IRA) or to your new employer’s retirement plan (if it allows rollovers), without owing tax. In the new account, the money continues to grow tax-deferred, with no income tax on annual earnings.

If you don’t do a rollover right away, you can most likely leave the 401(k) money in your old employer’s plan while you consider your options. This chapter explains how to preserve your 401(k) tax advantage when you change jobs and how to avoid costly mistakes with your retirement money. Chapter 9 explains your options when you retire, which may be slightly different.

Never Can Say Goodbye: Leaving Money in Your Old Employer’s Plan

Leaving your money in your old 401(k) plan may be a good temporary solution while you figure out your next step, but it’s probably not the best long-term solution.

Leaving the money in the 401(k) may have advantages for some investors because

Some people don’t want to make new investment decisions. If you’re satisfied with your 401(k) investments, this strategy is fine. However, be aware that an employer can change the investments offered by the plan at any time. If your money is in your former employer’s 401(k), you have to go along with the change. During the switchover period, which can take several weeks or months, you won’t be able to access your account.

Money in a 401(k) generally has more protection from creditors than that in an IRA should you declare personal bankruptcy.##

But, here are some drawbacks to consider about leaving your money in your former employer’s 401(k):

After you leave a company and are no longer an employee, you’ll be low in the pecking order for service if you request a distribution from the 401(k) plan, or if you have questions or complaints. Companies can change a lot over time, including being acquired or restructured. The level of support you receive as an ex-employee usually drops dramatically if this happens.

While the money is in a former employer’s 401(k) plan, you can’t take a loan. (Remember, you have to pay these back through payroll deductions.) Taking a withdrawal will also probably be difficult.

You can no longer contribute to the old 401(k) plan, but you can rebalance the investments.

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Want to learn more?

401(k)s For Dummies is one of the Knowledge Center offerings found on MyPath.com in the Books 24x7 Reference Library.

To access via MyPath, login to MyPath then go to Knowledge Center by SkillSoft.

Click the Books24x7 link and begin your trial. Other than becoming a MyPath Community member, there is no other action required!

With your free trial subscription, you gain online access to a selection of leading technology and best-in-class business books from leading publishers, including 401(k)s For Dummies. Your trial subscription is good for 30 days and will begin with your first use of the library.

Ready to learn? Visit the MyPath Knowledge Center .

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So you just got promoted into your first management position. Congratulations! Now what are you going to do? Believe it or not, everything has changed and you need to adjust accordingly.

The transition from player to manager is an exciting, but challenging, one. It takes most people out of an area in which they have been comfortable and successful for some time into more unfamiliar territory. Moving from being one of the team to leading it can be daunting.  It's not business as usual because now-  the expectations are different. It's important that you realize that your focus needs to shift and how you communicate with former peers must change.

As a new manager, you need to set new boundaries with former coworkers. While you can still maintain your friendships, you need to draw these new boundaries in order to establish your authority and credibility. It's not about becoming demanding and asserting yourself in aggressive ways. Rather, it's taking seriously your need to refocus your thinking so that you position yourself as a leader deserving of the respect of others.

Time and experience will develop and refine your management skills, but additional training will prime you for the process of transitioning into a management role. In the online course Taking on a Management Role, you will find an overview of the changes a manager may face.

Through our partnership with SkillSoft, we are currently offering 10 self-paced, MyPath Knowledge Center to MyPath Community Memebers.

 

This course is targeted toward anyone who is about to be promoted, or who has just been promoted to a first management or supervisory role

There are no prerequisites for this online course, however students should have a good understanding of the experience gained from working in an organization.

 

In the course Taking on a Management Role you can learn to…


  • Recognize the value of stopping to consider what a management role involves before taking it on.
  • Identify the five core functions of management.
  • Characterize how a manager spends his time in a described situation.
  • Determine the constraints and demands on a new manager in a described situation.
  • Recognize the value of reviewing what may happen during the transition from player to determine whether the management decision-making process has been correctly applied to a given situation.
  • Sequence the stages in the management decision-making process.
  • Determine what action should be taken in a described situation.
  • Determine how a company's culture impacts a new manager, in a given situation.
  • Recognize the benefits of making time to pursue personal development.
  • Categorize factors as either drivers for, or resistors against, the success of a new manager.

If you would like a sneak peek of the course, see the brief lesson or SkillBrief * from Taking on a Management Role below

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Seven Stages of Transition to a Management Role

A move that takes you out of your comfort zone, out of a familiar job, and into a challenging new role can be difficult to handle. Change is unsettling for most people, and even welcome change usually requires a period of adjustment. The transition to a management role, even when it has been eagerly anticipated, can involve a roller coaster of emotions.

J. Adams said in his book Seven Stages of Transition that: "It is recognized that any change in a person's routine, planned or unexpected, will provoke a standard sequence of emotions." This transition process has a number of stages:

  • immobilization
  • minimization
  • depression
  • acceptance
  • testing
  • seeking meaning
  • internalizing

Understanding the transition process and knowing that you are not alone in experiencing these emotions, will help you to deal with each stage more effectively. To find out some more about how you might be feeling at each stage in the transition process, consider the stages listed below:

Immobilization – It is the new role that you wanted, but you are not quite sure what to make of it.

Minimization – You may try to carry on as though nothing has changed, because this seems to be the easiest route. You might be tempted to choose a lot of your old tasks and ignore the management elements of your new role.

Depression – You may feel a sense of panic, anger, or depression as a result of your own high expectations, and the pressure that you feel to perform well.

Acceptance – This is real progress. At this stage, you begin to realize that you can do the job, and that, in fact, you have already begun to make a difference.

Testing – At this point, you will feel free to do the job your own way and confident enough to try out new ideas.

Seeking Meaning – For the first time, you give yourself the chance to reflect on what you have learned so far about yourself and about others around you.

Internalizing – Now you identify yourself with the job more readily. You are no longer inexperienced, but instead, comfortable in your position as manager.

If you have already been promoted to a management role, you might want to identify which stage you have reached. Each stage in the transition process provides you with a new learning experience. These experiences will also help you to support your own team's development more effectively in the future.

As a manager, you will want to have some control over your own development. It is helpful, therefore, to consider what you can do to deal with the difficulties of, and capitalize on the strengths of, each transition stage.

The actions that you can take are as follows:

Immobilization – You may feel that there is so much to do that you end up doing nothing. You can feel very isolated at this point, and it is wise to seek some support. Talk to your manager or mentor about how you feel, and try to identify some clear objectives.

Minimization – Be wary; this can be a difficult stage. It may be tempting, but you cannot pretend that things have not changed. Your staff members need clear leadership from you, not direct interference in their work.

Depression – At this stage, you need to remind yourself of your past successes. Break the current challenges that you face down into manageable tasks. Make sure that your objectives are achievable, and reward yourself when any task is completed.

Acceptance – Make the most of your positive feelings during this period. Now may be the time to tackle some of the more difficult tasks.

Testing – Having the confidence to express your own views represents significant progress, and is a positive step. Make sure, however, that you retain a healthy balance, and avoid being aggressive. Be assertive instead.

Seeking Meaning – Allow yourself adequate time to reflect on what has happened to you, on what you have learned, and on how many of your attitudes may have changed.

Internalizing – Congratulations! You have reached your goal, and are no longer surprised when you are introduced as a manager. Remember to use your experience of the early stages of the transition process to understand others who are facing some kind of major change.

Do not be concerned that the emotions associated with some of the stages are negative. Dealing with these stages successfully will improve your management skills. You cannot expect everything to change overnight. You will take some time to adjust to your new managerial role, but this is natural.

As the transition process demonstrates, you will pass through clear stages on the way. Understanding these stages, and how you might feel, will help you to handle this important progression in your career more successfully.

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* SkillBriefs are condensed summaries of the instructional content of a course topic. SkillBriefs are designed to be used as an instant reference. While taking a SkillSoft Course, select the Resources tab in the Navigation bar, then click SkillBriefs. This opens a new window where you can access the information.

It can be hard for former colleagues to treat you as a manager if they have worked with you for years as their peer. But you are now in a role that gives you responsibility for assessing their job performance and giving important input into their work lives. It can place you at odds with your staff/friends and may sometimes require you to make tough decisions with which others may not agree. That's part of being a manager so the sooner you accept that, the better.

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I have lived in the San Francisco Bay area for more than a decade. In that time, I have survived two major tech booms (and busts). The boom times result in tons of innovation while the busts create a time for reflection, transition and reinvention.

People take wildly different approaches to recessionary times. Losing a job can prompt some to move to a new city. Others may choose to travel for an extended amount of time. During the down market of 2000, when a friend or acquaintance said, “I am taking a few months to travel in Thailand” that was code for, “I just got a pink slip from my Internet start-up and I don't know what I am going to do now”. Taking a year to travel in during your late twenties or early thirties may add a number of years to how long you will work overall, but you may enjoy traveling more than when you are in your seventies. For others who have no savings, they may have no other choice but to wait it out.

Below is a great video by a (reinvented) Bay Area film maker. She highlights three different people who have taken three very different approaches to the current economic downturn.

Of course, recessionary times prompt many to take on a new career. How does an IBM Engineer with multiple patents become an expert on China, a 20-year tech industry veteran become a middle school math teacher or a tech analyst become an artisan bread baker?  An article in this months San Francisco Magazine profiles several Bay Area residents who give their take on why and how they have started a new career.

Interested in a new career? If so, it is important to take the time to evaluate your present situation, to explore career options and to choose a career that will be satisfying for you.

Ten Steps to a Self Reinvention

1. Evaluate your current job satisfaction. Keep a journal of your daily reactions to your job situation and look for recurring themes. Which aspects of your current job do you like/dislike? Are your dissatisfactions related to the content of your work your company culture or the people with whom you work?

2. Assess your interests, values and skills through self help resources like those found here on MyPath. Review past successful roles, volunteer work, projects and jobs to identify preferred activities and skills. Determine whether your core values and skills are addressed through your current career.

3. Brainstorm ideas for career alternatives by discussing your core values/skills with friends, family, networking contacts and counselors.

4. Conduct a preliminary comparative evaluation of several fields to identify a few targets for in depth research.

5. Read as much as you can about those fields. MyPath offers online access to 250 leading technology, engineering, finance and best-in-class business books from leading publishers in the Books 24x7 Reference Library. After you have done your research, reach out to personal contacts in those arenas for informational interviews.

6. Shadow professionals in fields of primary interest to observe work first hand. Spend anywhere from a few hours to a few days job shadowing people who have jobs that interest you.

7. Identify volunteer and freelance activities related to your target field to test your interest e.g. if you are thinking of publishing as a career, try editing the PTA newsletter. If you're interested in working with animals, volunteer at your local shelter.

8. Investigate educational opportunities that would bridge your background to your new field. Consider taking an evening course at a local college. Spend some time at one day or weekend seminars. Contact professional groups in your target field for suggestions.

9. Look for ways to develop new skills in your current job which would pave the way for a change e.g. offer to write a grant proposal if grant writing is valued in your new field. If your company offers in-house training, sign up for as many classes as you can.

10. Consider alternative roles within your current industry which would utilize the industry knowledge you already have e.g. If you are a store manager for a large retail chain and have grown tired of the evening and weekend hours consider a move to corporate recruiting within the retail industry. Or if you are a programmer who doesn't want to program, consider technical sales or project management.

Have you “reinvented” your career? If so, what did you do to make the transition happen?

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Financial management is a key tool in controlling and directing the resources of any business organization. Managers--not only financial professionals but also managers whose responsibilities are largely non-financial--can use this tool to generate and analyze the financial information that is essential to decision making in business. Understanding the principles of financial management helps all managers, from line supervisors to senior executives, to use this tool more effectively to support the organization's goals.

Would you like to learn more ways to improve your financial management skills? Check out the online course Financial Management found in the MyPath Knowledge Centerlibrary. This library of self-paced, online courses is available to all MyPath members for 30 days- with no additional commitment.

This course introduces non-financial managers to the principles of financial management. It explores the basic concepts of risk and return and the time value of money.

This course is targeted toward those who work in non-financial positions but seek an introduction to finance. The expected duration is 2.5 hours.

 

Lesson Objectives Include:

  • Recognizing the benefits of using financial management to support organizational success
  • Matching the main financial statements used to report on financial condition with the information they provide.
  • Forecasting Cash Flow and Capital Needs
  • Allocating Scarce Resources
  • Types of Financial Risk
  • Risk and Return
  • Present and Future Value of Money
  • Depreciation
  • Buy-lease Decisions

Three helpful Job Aids are also included in the online course:

Job Aid: Types of Financial Risks

Job Aid: Calculating the Future Value (FV) of Money


Job Aid: Buy or Lease?

Are you ready for your introduction to finance and financial management? Login to the MyPath Knowledge Center and start your free trial today!

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How has your professional and/ or personal development been progressing this year?  Are you looking for new resources? Have you considered Open Courseware?

Open CourseWare, or OCW, is a term applied to course materials in a virtual learning environment created by universities and shared freely with the world via the internet.

Open CourseWare provides excellent online education resources that can help someone improve their skills, bone up for particular projects, or prepare for advanced degrees.  If you did not have the opportunity to attend Stanford, Harvard or MIT as an undergraduate or graduate student, here is your chance to sit in on the action at a top tier university.

OCW is not a substitute for a regular college education, but this free service does provide a "self-learner" the opportunity to review basic concepts from an academic standpoint, prepare for future course work (perhaps in pursuit of an advanced degree), or even complete particular business projects that require new or additional expertise.

A recent New York Times article gave an extensive overview on the wealth of educational material that has been publicly posted in the name of Open Courseware.

The top sites include:

 

Academic Earth http://www.academicearth.org

 

Connexions http://www.cnx.org

 

OpenCourseWare Consortium http://www.ocwconsortium.org

 

Open Culture http://www.openculture.com

 

ITunes U http://www.apple.com/education/itunes-u/

 

YouTube.com/edu http://www.youtube.com/education

 

Highlights for High School http://ocw.mit.edu/OcwWeb/hs/home/home/index.htm

Also, according to the YouTube view count ticker, the following are the 10 most watched OpenCourseWare lecture courses on YoueTube today.

1. Moral Reasoning 22: Justice Harvard

2. Integrative Biology 131: General Human Anatomy University of California, Berkeley

3. Physics 10: Physics for Future PresidentsUniversity of California, Berkeley

4.Physics 1: Classical Mechanics M.I.T.

5. Introduction to Basic Electronics Indian Institutes of Technology

6. SIMS 141: Search Engines: Technology, Society and Business University of California, Berkeley

(Google Co-Founder Sergey Brin is the guest lecturer)

7. Computer Science 106A: Programming Methodology Stanford

8. Mathematics 18.03: Differential Equations M.I.T.

9. Modern Theoretical Physics: Einstein Stanford Continuing Studies

10. Math 18.06: Linear Algebra M.I.T.

Don’t forget that here on MyPath we offer a selection of 10 eLearning courses related to project management, personal development and more. In addition, more than 200 fully digitized online books are available in IT, business topics, finance and engineering.  Trying either of these free, trial subscriptions is another no-cost / no-risk way of finding out if online learning is right for you.

With your free trial subscription, you gain online access to a selection of leading technology and best-in-class business books from leading publishers. Your trial subscription is good for 30 days and will begin with your first use of the library. To access via MyPath, login to MyPath then go to MyPath Knowledge Centerby SkillSoft. Finally, click the Books24x7 link and begin your trial. There is no other action required. Try it today!

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Earlier in the month we began discussing when you might consider taking a step back in either your salary or your seniority (Getting Ahead By Taking a Step Back).

Here are five situations where taking a step back (or across) might make sense for you.

1. You Just Need Work

If you’re out of work and you need money to pay the bills, it’s better to take a lower-paying job than to have no job at all.

2. You Move into a New Industry

When a job change forces you to take your expertise to a new industry, you may have to accept a lower salary. The same applies when you take your industry knowledge to a different company area.

3. You Change Careers

Some laid-off workers will find their next job in a completely new field. If you do that, you may have to take a pay cut because you typically aren’t worth as much in your new career path as you were in your old career.

4. The New Job Makes You Happy

Having a job that satisfies you is far more important than how much you earn. If you find the right match, you might find that a bit less money doesn’t matter as much.

5. To Keep Your Current Job

Forced to choose between taking a pay cut or losing your job? Take the pay cut and look for another job. Employers typically prefer hiring someone who’s employed to someone who’s not.

Perform well despite your lower pay, and you’ll build a case that supports giving you a raise when the economy recovers.

Moving On…

If you’ve agreed to work for a lower salary, issues will arise. If you have to do the same job for less, your first challenge may be emotional. Accepting a lower salary can be difficult if you hang your self-worth on the size of your paycheck.

Instead of thinking about salary as a measure of your worth, perhaps think of it as what the market is willing to pay for your skills, knowledge and experience at this point in time.

The new, lower salary will also become a part of your salary history when you apply for your next job. When salary history questions arise, answer honestly. No one needs to apologize for the fact that they made more money before. Perhaps you were in a field that was negatively affected by recessionary events – if you were a consultant at a large firm and now you’re a contractor at a small firm -- it’s expected and accepted that you would take a pay cut.

And remember that time heals at least some paycheck wounds. In prior recessions, there are a couple years where salaries become depressed, and then they get back up to the norm within a year or two after the recession ends. While you may not make up the whole gap between what you were making and what you are now making, you will end up closer to where you were than where you are now.

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Blogs, or web logs, are one of the fastest-growing means of mass communication. The "blogosphere" has affected elections and corporate policy, and some blogs have thousands of readers a day. Moreover, they are fun to read, and writing them can be enjoyable too.

Because the blogosphere is pretty crowded, it’s a good idea to find out a bit about the anatomy of a blog, what makes a good one, and what it takes to keep one going before you dive right in and start sharing with the world. Blogging For Dummies, 2nd Edition gives you all the basics so you can get a good start. And if you’ve been around the blog a few times and want to advance to the next level, Blogging For Dummies, 2nd Edition even takes a look at podcasting and videoblogging.

You’ll find out how to:

Make your blog stand out in a crowd, build an audience, and even make it pay

Choose the best software options, boost readership, and handle comments

Generate revenue from your blog with ads and sponsorships

Protect your privacy and your job

Deal with spam and the inappropriate comments from that guy who posts several times a day

Find your niche

Attract and keep readers

Use your blog to promote your business, cause, or organization

Add audio, video, cool widgets, and more

Here is a sneak peek excerpt from Blogging for Dummies, 2nd Edition

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Blogging for Dummies, 2nd Edition

by Susannah Gardner and Shane Birley

John Wiley & Sons© 2008 (368 pages)

_____________________________________________

Chapter 8: Finding Your Niche

Chances are good that if you're blogging only for your friends and family, you have a captive audience that stays interested no matter what you choose to blog about on any given day. (Though, even your mom might get a little tired of hearing about what time you got up and what you had for lunch!)

For most bloggers, however, being successful is defined as attracting, keeping, and growing an audience of interested readers who can't wait for the next pearl of wisdom to leave your fingertips … preferably an audience that leaves comments and interacts with you and with other readers.

This is no small challenge: You're in competition with every other source of news, information, and entertainment in your audience members' lives (not to mention your own if you find it hard to find time for blogging).

The key here is to find a niche and exploit it fully. I have no way of knowing exactly what your niche is — that's something for you to figure out. I give you some ideas and suggestions to help you start turning your mental gears, but then you're on your own.

After you've chosen a niche, though, the rest of this chapter helps you find out who your competitors are, what they're doing right, and how you can make the most of your subject.

Deciding what Belongs on Your Blog

Picking a niche and sticking with it can be tough to do. Fortunately, you get a lot of leeway in how you handle a subject, in evolving your own style, and in what you blog about. The medium allows for lots of experimentation, and your readers are likely to welcome new approaches and ideas as you go

 

For your own peace of mind, however, it's often a good idea to pick a broad theme and then explore within it. Do you like books? Why not blog about what you're reading and make recommendations? It's then a natural leap to movies based on books, and to authors … even a simple idea can give you lots of room to grow.

 

Some subject areas have proven to be popular and successful blog subjects already. You can take on the competition and start a blog about

 

Your kids: Baby books might have gone out of style, but that doesn't mean you can't document your child's growth in detail on a blog. Mommyblogging, as it has come to be called, is on the rise in a big way. Talk about a topic with an infinite variety of discussions, products, problems, and cute photos — this is it!

 

Your hobby or interest: Blogs are beautifully suited to making connections, so feel free to use yours to become part of a community of folks that share your passion for knitting, sport fishing, geocaching, carpentry, or whatever your interest is.

 

Technology: Many of the original bloggers chose technology as their focus, and what a great decision that was. There's a huge interest in technology and technology issues today. After all, more and more people have cell phones, personal computers, and MP3 players, and everyone has problems using them!

 

Politics: Do I really need to explain that political commentary and criticism can make a good blog? A number of popular political bloggers have turned their online punditry into thriving careers in traditional media.

 

News of the weird: Some very popular blogs make the most of the many strange Web sites by posting links and quick summaries of the site on their blogs. It's the lazy man's approach to surfing, and if you're interested in sharing the quirky oddities you find, you'll definitely find an audience for them.

 

Specialized news: Offer a service for your busy readers by aggregating all the news on a particular topic, with quick tidbits and links to sources. This can work for both serious and comic topics — think cranial surgery techniques to coverage of the latest teen sensation.

 

A personal diary: If you have enough going on in your life to keep you interested in it, you can stick with the tried and true blog. With a unique voice and great writing, you can attract readers who will to be friends.

________________________________________________

Want to learn more?

Blogging for Dummies, 2nd Edition is one of the Knowledge Center offerings found on MyPath.com in the Books 24x7 Reference Library.

To access via MyPath, login to MyPath then go to Knowledge Center by SkillSoft.

Click the Books24x7 link and begin your trial. Other than becoming a MyPath Community member, there is no other action required!

With your free trial subscription, you gain online access to a selection of leading technology and best-in-class business books from leading publishers, including Blogging for Dummies, 2nd Edition. Your trial subscription is good for 30 days and will begin with your first use of the library.

Ready to learn? Visit the MyPath Knowledge Centerand start your free trial today!

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Managing a Project

Posted by Lisa Ford Mar 9, 2010

Albert Einstein said, 'The bitter and the sweet come from the outside, the hard from within, from one's own efforts.' Are you a person who can drive a project on the outside, and hold yourself responsible from within? Can you be the force, the influence, and the point person who holds the keys to ultimate success? That's what it takes manage a successful project.

The factors of a successful project almost always end up depending on how much money and time is needed to create a product worthy of the customer. The online course Managing a Project will help you manage the constraints of time, money, and schedules, and how they relate to the overall quality of your project and product.

This course is targeted toward a diverse range of managers and staff members who wish to acquire the necessary skills to successfully manage small- to medium-sized projects. The expected duration is 2.5 hours.

Lesson Objectives Include:

 

 

Managing Project Quality

Project Management Applications

Managing Project Activities

Maintaining Control of a Project

Managing Project Risks

 

Would you like to learn more ways to improve your project management skills? Check out the online course Managing a Project found in the MyPath Knowledge Centerlibrary. This library of self-paced, online courses is available to all MyPath members for 30 days- with no additional commitment.

 

Are you ready find more time in your day? Visit the MyPath Knowledge Centerand start your free trial today!

 

 

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Many people find themselves thrust into a project management role with no formal training or experience. When this occurs, it is important to be prepared to deal with the significant changes in your role. Your responsibilities broaden from managing yourself to managing others, from short-term to long-term goals, and from tangible to intangible issues. Time and experience will develop and refine your project management skills, but additional training will prime you for the process of transitioning into a project management role. In the online course Transitioning into a Project Management Role, you will find an overview of the changes a new project manager may face, including the development of a successful project team.


This course is targeted toward a diverse range of managers and staff members who wish to acquire the necessary skills to successfully manage small to medium sized projects.


There are no prerequisites for this online course, however students should have a good understanding of the experience gained from working in an organization.

Below is an example SkillBrief* from Transitioning into a Project Management Role.

The Transition to Project Management

One of the most difficult aspects of becoming a project manager is changing the essence of how you work. As you move into a leadership role, it is important to let go of old ways of relating to your work and to your colleagues.

As a new project manager, you must transform the way you perceive your responsibilities, your focus, and your ability to work with and influence others.

  • "attention to things" transforms to "attention to people"
  • "concern for yourself" transforms to "concern for others"
  • "short-term focus" transforms to "long-term focus"
  • "solving problems" transforms to "managing problems"

Attention to people

A new project manager has to transition from hands-on work to delegating work to team members. A good project manager knows when to let go of duties and acknowledge that it is not the technique, but the results that matter.

Concern for others

As a project manager, you must learn to put what is best for the team ahead of what is best for yourself. A team flourishes in an environment where each member's contribution is recognized and valued.

Long-term focus

In project management, time is a valuable asset that must be planned and spent just as carefully as a budget. Good project managers plan priorities and deadlines, so they are always aware of which areas need the most immediate attention. With good time management practices, you will become more conscious of the choices you make and more aware of habits that interfere with efficiency.

Managing problems

A project manager is in the position of managing complex and interwoven problems, rather than solving them. Project managers guide their teams to identify the problems, while the team members identify and implement the actual solutions.

Management style

In project management, it is important to consider how you will manage your project – your personal management approach. The ability to get a job done is based on personality, experience, and attitude. Your application of those traits in the workplace is known as your management style.

There are three basic styles of management:

reactive – A project manager with a reactive leadership style accommodates the immediate needs of the team without adapting to current changes and trends.

inactive – A project manager with an inactive leadership style uses short-term planning and copes with problems only as they arise.

proactive – A project manager with a proactive leadership style initiates action and is flexible with control over the project. Team members are encouraged to take ownership in the project.

The only effective approach to project management is proactive. Teams that are proactively organized and led show greater cohesion, productivity, innovation, and performance. Reactive managers are always playing "catch-up" with their plans. Inactive managers just let their projects stagnate.

 

Basic principles

Projects differ in scope and complexity, but there are basic principles to which every project manager should adhere.

Continuous improvement

  • meet project requirements – The most basic responsibility of a project manager is to deliver the project on time, on budget, and within scope.
  • make timely decisions –Team members depend on the decisions of the project manager to complete their own work.
  • set goals and make a plan – A plan is a measurement tool that allows you to assess how successfully you are achieving your goals.

Creativity

  • propose change – A proactive manager is not afraid of changing and adapting to new influences and situations.
  • encourage high standards – Set the example for your team.
  • foster innovation – A facilitative and enabling approach creates a balance between innovation and expectation.

Discipline and detail orientation

  • taking calculated risks – A good project manager is aware of risk but is not inhibited by the fear of failure.
  • creating dissonance – Encouraging your team to express divergent opinions and ideas can lead to expansion and innovation.
  • developing mental discipline – A proactive manager focuses attention on the needs of the team and the objectives of the project.

Remember that without a good project manager, even a well-conceived project can devolve into chaos. All it takes is the right preparation and mind-set, and the willingness to transform.

Course: Transitioning into a Project Management Role
Topic: Transitioning to Project Manager

Would you like to learn more ways to improve your Project Management skills? Check out the online course Transitioning into a Project Management Role found in the MyPath Knowledge CenterMyPath Knowledge Centerlibrary. This library of self-paced, online courses is available to all MyPath members for 30 days- with no additional commitment.

 

Are you ready find more time in your day? Visit the MyPath Knowledge Centerand start your free trial today!


* SkillBriefs are single-page, condensed summaries of the instructional content of a course topic. Use SkillBriefs as an instant reference after you have completed a course

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Thinking about continuing your education with online coursework- or even a degree?  Great!  A degree can be a big help in advancing in your career or learning new skills to change careers.  But, are you the type of person who is suited for online education?  Just what does it take to successfully obtain an online degree?

Computer:  Of course, owning a computer is obvious.  You can't do internet coursework without a computer.  Now, you probably do have a computer, but, do you share it with family members?  If so, then do you have access to the computer for the time required for an online course?  And, is your computer up-to-date?  Does it have the storage and memory necessary for a fast internet connection and coursework?  If not, then you may want to upgrade.

Internet:  Your own internet connection is really vital to be successful in online studies.  Again, you probably do have internet connection.  But, is it a fast internet connection, or is it slow dial-up?  If you have a slow dial-up connection, then it's time to upgrade to a faster DSL or cable connection necessary when uploading big files.

Organization: Organization goes hand-in-hand with self-motivation.  Without a classroom structure, are you able to provide that structure yourself?  Will you remember deadlines?  Can you organize your life so that you set a specific time aside for your class work?

Self-Motivation:  Let's face it; you need to be very self-motivated to be a successful online student.  There's no classroom to go to, and, often, no set time you need to be in class.  And, when you're in your home environment, there will be tons of distractions.  Do you get distracted easily?  Are you able to follow a routine without the prodding of others?  You need to know what type of person you are before pursuing an online education.

If your computer and internet are up to speed, and you feel you have the self-motivation and organization necessary for self-directed online study, then go for it!  With layoffs happening everywhere, employers are able to be super picky when it comes to hiring.  With additional training you are giving them a reason to say yes, not no.

How has your professional development been progressing in 2010?  Make sure to check out the options on the MyPath Knowledge Center.

With your free trial subscription, you gain online access to a selection of leading technology and best-in-class business books from leading publishers. Your trial subscription is good for 30 days and will begin with your first use of the library. To access via MyPath, login to MyPath then go to Knowledge Center by SkillSoft http://connect.mypath.com/mypath/community/knowledgecenter. Finally, click the Books24x7 link and begin your trial. There is no other action required.

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Online learning is different in many respects from the traditional face-to-face learning we're all used to, primarily in the way we get our information and how we interact with instructors and classmates. Many people say they learn more online, and their retention is better too.

Consider that good students in the traditional setting may fair poorly in an online environment, while struggling students may excel with online courses. This can be explained in part due to differences in learning styles. Visual, self-directed learners do well at online learning, but others succeed because online instructional design is often sophisticated and planned to reach a wide variety of learners.

Lifestyles play a big role in the success of online learners too. These are the traits that successful online students possess, to varying degrees:

  • Self-Directed
  • Motivated
  • Comfortable with computers
  • Able to use email, internet browser, word processor
  • Like to read and write
  • Inquisitive
  • Disciplined
  • Independent
  • Able to stay on task

These questions may help you decide if online learning is for you:

Are you self-directed and motivated?
Most of online learning happens on your schedule. You'll need to be self-directed and motivated to complete activities on schedule and initiate the communication required to be successful. You'll be responsible for creating the structure to finish each course.

Are your technical skills adequate?
Along with having access to a computer and not being overwhelmed by typing, online learners should be comfortable with internet browsing and searching, email, sending and reading attachments, word processing, and sometimes downloading and installing software plug-ins (a normally simple but sometimes intimidating task).

Do you have strong reading skills?
Reading can play a large part in any class, and especially online. The ability to read and comprehend subject matter without it being a chore is critical to your success.

Does written communication come easily for you?
In most cases writing is the primary method of communication in online classes, so you should be at ease with writing to express your thoughts, share ideas, and ask questions.

Will you ask questions when you need to?
If you typically don't hesitate to seek help when you need it you'll do fine. Since you'll be in an online environment it's important to let your instructor and classmates know when you need help. Remember that they won't be able to see your looks of doubt, confusion, or other body language to tell when things aren't going well.

Will you miss the social interaction?
Interaction with instructors and classmates in online learning is often an integral part of the learning experience. Absent is the in-person contact - being able to see facial expressions, hear reactions, and speak. Campus life may be different or non-existent too.

Do you have the discipline to study regularly?
Like a traditional school you'll need to set aside adequate time for study. You may discover that you need to be online frequently to complete assignments or communicate with classmates and instructors. You can plan to spend at least as much time working assignments and studying as you would with a traditional course, and you'll be setting your own pace in many instances.

If you're satisfied with your answers to these questions, you're likely to do well in an online learning course. A no-cost / no-risk way of trying online learning is by accessing the MyPath Knowledge Center. There are 10 eLearning courses available in project management, personal development and more. In addition, more that 200 fully digitized online books are available in IT, business topics, finance, engineering and more. Try it today!

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Are you thinking about making a move from your traditional field? Branding yourself as a subject-matter expert can give you an edge.

If you’re competing with candidates who have experience within the industry or function, you’re going to need a way to distinguish yourself.

It’s simple: If you can apply your current skills effectively to compete against industry insiders, hiring managers will be more likely to take a chance on you. In addition, demonstrating an investment of time and resources shows that you’re focused on the new path and that you are not just an industry hopper.

Thanks to online tools, it’s easier than ever before to study up on a subject and demonstrate your mastery to prospective employers. In many fields, today’s career changer has options that take fewer resources and time than formal university reeducation.

Here are four steps to gain visibility in a new industry or function:

Create your subject-matter expertise.

1. Determine your subject-matter expertise.

Identify your unique ability to solve a specific business problem. Note the words “unique” and “specific;” both qualities are essential if you want to differentiate yourself. By focusing on problems you are uniquely qualified to solve, you reduce reliance on industry or functional experience.

2. Focus on skills over industry and function.

Even more important than transferrable skills, what makes you unique? What value have you provided to employers – and which ones apply to your new career?

Distribute your subject-matter expertise.

1. Manage your online reputation.

Do a Google search on yourself – what does it say? Shaping and creating your online reputation is just as important as keeping negative information off the Internet- especially to a career changer. You can build your reputation for subject-matter expertise by creating content under your name or citing the content of others on a blog or another online venue.

2. Establish an online portfolio.

Hiring managers know that resumes only offer a limited view of a candidate’s performance on the job. Online portfolios include work examples, reports, spreadsheets, presentations, design, and projects that an employee has managed or developed, demonstrates transferrable skills.

If you’re a candidate trying to compete in a new field, you’ve never had a better chance to build a new brand as a subject-matter expert. It takes some work to rebrand yourself, but even in today’s competitive job market you can compete against industry vets. There’s no pill you can take to reinvent yourself — these methods take work, time, and resources. However, in many careers it now takes significantly less work, time, and resources than going back to school for a formal degree.

How will you build your subject-matter expert brand? Share your thoughts here on MyPath.

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