STRe Solutions Spring 2014 Newsletter Header
In This Issue

   • Venture Investing in Q2
   • Getting into college is getting harder
   • Clean tech is here to stay

   This quarter the STRe Solutions team discusses
   the "overqualified" candidate.
     Candidate Tip #126 Hiring Manager Tip #126  full article


   Tara VanDeveer to speak at first meeting,
   September 16th

 

Articles

STReWay Summer 2014 Newsletter

Recent Articles/Blogs of Interest

 
Venture Investing in Q2, compliments of Fenwick & West: There were 174 venture
   fundings in Silicon Valley:
http://www.fenwick.com/publications/pages/silicon-valley-venture-survey---second-quarter-2014.aspx.

Getting into college is getting harder and harder. Here are some interesting statistics:
http://admissionsadvice.com/admit2014.


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Candidates and Hiring Managers: Maximize Your Experience with Recruiters

 
Our highest priority at STRe Solutions is building long-term relationships with both jobseekers and hiring managers. The Recruiter Relations section of our newsletter offers ongoing tips to help you maximize your experience with a recruiter, regardless of whether you're seeking top talent to seamlessly join your team or searching for your next ideal position.

This quarter's focus is on the "overqualified" candidate. As a hiring manager, what are the risks of hiring someone who is more than you need, or would you really benefit from someone more senior? As a candidate how do you respond when a company tells you that you are overqualified, can you make a case for your skills?

Candidate Tip #126

What do I do if I am overqualified for a position I really want?

Often times you will be introduced to a hiring manager who says: "gee, I could use someone like you on my team, but you are way over the level for the open req I have." Hmmmm.... What does this mean? Ask! Find out what the key requirements/challenges of the position are and then you can evaluate if you want to consider this. If you do, bring the discussion to the business level, how can your skills and experience enable the hiring manager and their company to achieve their goals? Sometimes companies will review the job req and have the ability to raise the level to accommodate an outstanding candidate who they want to hire.

In another situation you have a personal desire to work for the company, perhaps because it is a "Great Place to Work" or close to home or you know the culture and believe you would enjoy working there. If you are truly overqualified you will need to sell the company on your value and sincerity. And...if you are more experienced than the hiring manager, that manager must embrace what you bring to the table and feel comfortable that you will be challenged and stay with the company.

Hiring Manager Tip #126

Is it OK to hire an overqualified candidate?

It can sometimes be all too easy to dismiss an overqualified candidate. The candidate could leave for more money; they could get bored. It's important to understand their motivation, and if appropriate, assess whether you can find a way to utilize their skills. If you can fill your open req easily with a qualified candidate, that's great, but in today's market it can be tough. Considering an "overqualified candidate" could be the right solution.

Sometimes you interview candidates who meet the spec, but may not be what the company will need in a year or two. I recall a search a few years back where my client was looking for a Sr. Financial Analyst and after talking to numerous candidates, we determined that the position was better suited for a Business Unit Controller.

Bottom line – understand if an overqualified candidate can deliver what you need, or more, and if you can give them the challenge and compensation that is required.

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New Retained Searches
 
VP/Corporate Controller, Public Biotech Company, East Bay
Director of Human Resources, Private Manufacturing Company, Central Valley
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FEI Silicon Valley
 
Sue Salvesen, STRe's CEO, is President of FEI Silicon Valley (www.feisv.org), an organization of senior level finance leaders. FEI has monthly dinner meetings at Palo Alto Hills Country Club where you can build relationships with your peers; attend professional development events and advance your knowledge and earn CPE credits; and enjoy social events including Sharks hockey and the annual golf scholarship tournament.

The next dinner meeting is September 16th and Tara VanDeveer, Stanford's women's basketball coach will be the speaker. Contact Sue (sue@stresolutions.com) if you're interested in attending.
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STRe Fun – Social Media Acronyms
 
Was that event "BBB" or "Gr8"? Here's a guide that will help you understand the cryptic messages you sometimes get.
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