Chutes and Ladders® Climbing the Ladder and Avoiding the Fall Presenter Jodi S. Ogden, MBA, CRA Associate Vice President Sponsored Projects Administration Agenda Career Planning Equal Pay for Equal Work Career Growth & Mentoring Avoiding the Fall Career Planning Five Year Career Plan Vision Statement SWOT Analysis SMART Goals – Annual – Tasks PEST Analysis Timeline Career Vision Statement 1. Develop it 2. Write it down 3. Know it 4. Own it 5. Tell it SWOT Analysis External Internal Positive Negative Strengths • What do you do well? • What unique resources can you draw on? • What do others see as your strengths? Weaknesses • What could you improve? • Where do you have fewer resources than others? • What are others likely to see as weaknesses? Opportunities • What opportunities are open to you? • What trends could you take advantage of? • How can you turn your strengths into opportunities Threats • What threats could harm you? • What is your competition doing? • What threats do your weaknesses expose you to? http://www.mindtools.com/pages/article/newTMC_05.htm Setting SMART Goals Specific • Your goal should be as specific as possible and answer the questions: What is your goal? How often or how much? Where will it take place? Measurable • How will you measure your goal? Measurement will give you specific feedback and hold you accountable. Attainable, Actionable, Achievable • Goals should push you, but it is important that they are achievable. Are your goals attainable? Realistic, Relevant • Is your goal and timeframe realistic for the goal you have established? Timely, Time-bound, Timetable • Do you have a timeframe listed in your SMART goal? This helps you be accountable and helps in motivation. Writing a SMART Goal An easy tool to use to write a SMART goal is the SMART goal template. This template addresses the components of a SMART goal through the writing of a goal statement. Goal Template (I or accountable party) will (action word) (object of the goal) by (time) for the purpose of (relevance/results). Goal Statement My goal is to make a minimum of 100K by the end of 2014 by taking professional development courses on leadership, applying for leadership positions within my company and talking to my supervisor so they are aware of my goal. Understanding the PEST Analysis Political – Government regulations and legal factors are assessed in terms of their ability to affect the business environment and trade markets. The main issues addressed in this section include political stability, tax guidelines, trade regulations, safety regulations, and employment laws. Economic – Through this factor, businesses examine the economic issues that are bound to have an impact on the company. This would include factors like inflation, interest rates, economic growth, the unemployment rate and policies, and the business cycle followed in the country. Social – With the social factor, a business can analyze the socio-economic environment of its market via elements like customer demographics, cultural limitations, lifestyle attitude, and education. With these, a business can understand how consumer needs are shaped and what brings them to the market for a purchase. Technological – How technology can either positively or negatively impact the introduction of a product or service into a marketplace is assessed here. These factors include technological advancements, lifecycle of technologies, the role of the Internet, and the spending on technology research by the government. http://pestleanalysis.com/pest-analysis/ PEST Analysis Factor Political Economic Socio-Cultural Technological Opportunity Threat Timeline Set your timeline for your visions statement Create a timeline for each task associated with a goal Self evaluation – with a timetable! A goal without a timeline is just a dream Equal Pay for Equal Work Equal Pay for Equal Work Women earn 78 cents to the male dollar (Obama Administration) Women earn 84 cents to the male dollar (Pew Foundation) “Younger” women earn 93 cents to the male dollar (Pew Foundation) Women in the Obama White House earn 88 cents to the male dollar (American Enterprise Institute) Source: http://www.forbes.com/sites/peggydrexler/2014/04/10/equal-payfor-equal-work-seems-like-a-no-brainer-right/ Source: http://www.businessinsider.com/genderwage-gap-per-profession-2015-3 Equal Pay for Equal Work As staffers – Evaluate salaries before accepting a position – Negotiate How Who – Thinking time Equal Pay for Equal Work As Leaders, it’s your job to make sure your staff are paid for equal work – – – – Evaluate current salaries Market surveys Salary adjustments Involve Human Resources Use your power of influence to make a difference Do the right thing and persevere! Career Growth & Mentoring Make an Unforgettable First Impression 1. 2. 3. 4. Warm Greeting Polished Friendly; Engaging Represents Their Authentic Self 5. Good Listeners 6. Are Interested in What Matters to Employees Source: www.forbes.com/sites/glennllopis/2014/03/31/the-bestleaders-make-unforgettable-first-impressions/ 7. Embrace Differences and Acknowledge Accomplishments 8. Knowledgeable 9. Accessibility 10. Sense of Humor 11. Vulnerability 12. Consistency 13. Lead By Example 14. Motivational Career Growth How are you successful in your current position while continuing to grow your career? What are you doing to get where you want to go? What’s holding you back? What are you going to do about it? When are laterals or step back a good thing? Career Growth Mentor Mentee Personal Board of Directors Sponsorship Learn & Move Up Pay it Forward The Mentor/Mentee Relationship Figure out what kind of mentors you need – Where do you need most help? – Who can provide it? Confidentiality Articulate goals Structure The ending Personal Board of Directors A group of people you consult regularly to get advice and feedback – Someone who holds the type of job you want – Close friends, family or partners who understand your strengths and goals Diverse specialists who can advise you on a range of challenges Personal Board of Directors They should know more than you about something They should be better than you at something They should offer different points of view Putting only buddies on your Board will not help you grow and develop Source: Priscilla Claman, Employ a Personal Board of Directors, Adapted from content posed on hbr.org on Oct. 20, 2010 Avoiding the Fall Avoiding the Fall Evolution of goals Change can be a great Ethics, trust & values Honest discussions Recognizing what you want Wrong job for you Career success Questions Contact Information: Jodi Ogden Jodi.Ogden@uth.tmc.edu 713-500-3968 direct 713-500-3999 main