Procurement leaders, listen up! We hate to break it to you, but life’s not fair. And neither is your procurement career!
How many times have you been told about someone’s promotion and thought “how did they get that job? I would have been great for that!” Rejected and demotivated, you head home, resolute to move companies. You pour a tall glass of wine and start polishing your resume.
I’ve worked with hundreds of CEOs, CFOs and CPOs. I’ve seen people rise to the top, sink hard and fast to the bottom and flounder somewhere in between – never quite gaining the momentum required to propel an upward trajectory on their career.
From my experience, the biggest mistake people make in their quest for the c-suite is believing that the promotion process is fair.
Life’s not fair, and neither is your career…
You can do all the right things but it doesn’t mean you are going to land yourself the next big job. Corporations are complex and corporate politics are tricky, which means you’ll never really see the full picture.
You might be a rock star employee who delivered on all your KPIs, participated in “extra curricular” activities, and can boast a strong and supportive network (you even know the CEO!) but it doesn’t mean you’ll be offered your dream role.
So why do highly qualified candidates miss out on the top roles? There are a million and one reasons and you may never know the real answer. Some of the reasons for rejection will be about you, others will be about the company.
Here’s a handful of reasons why you may be blindsided:
Things that are not about you
- A change in strategy direction (ie. they put in a marketing person because they want “customer focus” or an IT person because they want a “technology focus”)
- The leadership team has changed and you are perceived as being part of the “old regime”
- They want to find a leadership role for another high potential employee and this is the best opportunity at that time
- There is a bias in the selection process. Even though companies are becoming increasingly aware of unconscious bias, it still may exist. Thirty years ago my husband participated in a leadership conference for 23 participants, 21 of whom were first-born sons, 1 female and 1 other male…which was my husband! Alternatively there may be a conscious bias to improve the diversity of the leadership team.
Things that are about you
- You’re not perceived as having the right level of experience (whether you do or not is irrelevant)
- You’re not promoting yourself enough. This doesn’t necessarily require an elaborate self-promotion campaign.It can also simply mean delivering on the basics. For example, one CFO told me he went into his internal HR system and some candidates didn’t even have their CV up to date, or a photo on fil That will make it unlikely for you to be selected. If you only do ONE thing as a result of reading this….PLEASE update your in-house profile!
- You’ve upset someone along the line. In hindsight, the inappropriate comment at an important executive meeting or the impromptu performance at the Christmas party may have been a career-limiting move. I actually know someone who slid down the boardroom table at a Friday night drinks, which may (or may not) have been forgotten, except that his belt buckle engraved a huge scratch from one end to the other – which was all too apparent to the Directors on Monday morning.
- Of course, the obvious: you just aren’t qualified for the role!
It’s a long way to the top
As the famous ACDC lyrics go, “it’s a long way to the top if you want to rock ‘n’ roll” – tenacity is key. Wait patiently, which is not my strong suit, for “your time”.
There is a direct correlation between how quickly you bounce back from a career disappointment and how quickly you get promoted. If you’re going to thrive, you need to take a long-term view on your career and build up your career resiliency.
I’ve seen this time and time again. One of my favourite examples was a mentor of mine who was at one point in a heated competition with one of her peers for the CPO role. Unfortunately she missed out, but quickly changed her perspective, becoming the trusted 2IC to her former peer, now boss.
Within twelve months she was headhunted to become the CPO of an even larger organisation! And guess who one of her biggest fans was? Yep!The very same person she had been competing with just a year ago; former peer and now boss,the CPO. How circumstances change!
Remember your career is not a sprint, it’s a marathon. You need to build career resiliency. In the long run, your endurance will pay dividends and chances are, you’ll land the dream job when you least expect it.
Career Boot Camp 2017 launches on 4th September, featuring podcasts with 5 global CPOs. Sign up here (It’s FREE!)