275: How to Develop a List of Target Employers
The Exclusive Career Coach
How to Rate Your Top 10 Companies
"It's simply a matter of having criteria and being objective rather than subjective about it," he says. "I like to have three tiers, top tier, middle tier, bottom tier." The idea with these tiers is that even though these are all target employers, you don't have to go at all of them with full force,. That's a lot for 12 companies; especially if you're already working full time.
Link to schedule an introductory call for Highly Promotable:
https://calendly.com/lesaedwards/highly-promotable-introductory-call
With so many people job searching right now, I wanted to do a deep dive on a particular aspect of the job search. But first, let me set the stage.
When it comes to networking, many of you engage in what I call “The Tommy Gun Approach” – spray everyone you can think of with the information about what you are looking for, followed by “If you think of anything, let me know.”
While there’s nothing wrong with this approach, a more effective tool is what I call “The Bow-and-Arrow Approach.” This is a more strategic approach to networking that begins with the end in mind.
For some reason, I always think of the Wizard of Oz here…you know you want to get to the wizard, so what’s the first step you need to take to get to him?
In Bow-and-Arrow networking, you are setting up strategic meetings with people who can get you successively closer to the decision maker…The Wizard.
This Bow-and-Arrow approach starts with you knowing where you want to work. I’ve talked in previous episodes about how to profile your ideal employer, so I won’t go into detail here, other than to say it is SO important that you know what you are looking for in your ideal company. Otherwise, how will you know if you’ve found it?
What might be important to you in a company?
-Location/Commute
-Size
-Number of employees
-Revenue
-Product or service
-Mission
-Reputation
-Culture
And there are many others. You won’t likely find a company that meets your criteria for everything, so you want to select your top 3-5; I call these your non-negotiables. Everything else is just gravy – or, as I call them, Wouldn’t It Be Nice.
Once you’ve identified your non-negotiables, your next step is to create a list of about 25 employers that MIGHT meet your criteria. I say MIGHT because, at this point, you haven’t done in-depth research on these companies yet.
Meaning: If you think they MIGHT be a fit, put them on your list. If you KNOW they don’t mesh with one of your non-negotiables, DON’T put them on your list.
How do you come up with this list?
-Top-of-mind
-Where friends/family work
-In the news (for positive reasons)
-Competitors
-Chamber of Commerce directory
-Who’s in hiring mode? (check things like LI)
Once you’ve created an initial list of about 25 employers, now it is time to do more in-depth research to narrow your list down to about 10-12 Ideal Employers. I recommend you create a rating system using your top 3-5 criteria – you can do this in Excel or whatever way works best for you.
Your next step is to create “tiers” within your 10-12 Ideal Employers. Look for natural demarcations or just put an even number of companies in each of three tiers – it’s up to you. You also get to decide how you will approach each tier.
For example, you might choose to find three contacts who are connected to each of your Top Tier employers and try to set up face-to-face meetings. For your second tier, you might choose to find one contact for each. For your third tier, you might choose to keep an eye on them, look for openings, and watch out for news about the company that would either move them up or out of your list.
With at least your top tier, you then want to figure out how to get your foot in the door with each company. Who do you know who works there AND knows the decision maker? Who do you know who either works there OR knows the decision maker? Who do you know that knows a lot of people? (I call these people Centers of Influence)
This is where you begin speaking with people. Remember, until you reach the decision maker, you aren’t asking anyone to give you a job – you are asking for an introduction.
Do your homework on LI before the meeting and have a specific ask – this gives the other person some concrete way to help you AND gives you something specific to follow up on.
Are you wondering why your job search hasn’t been as successful as you expected? Grab a copy of “Five Things Derailing Your Job Search” here: https://bit.ly/6thingsderailingjobsearch
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