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Why Should an Employer Give You a Chance?

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In the back of their mind, your interviewer is asking themselves: Why should I hire this person? (Give you a chance.)

 

When you’re sitting in front of your interviewer, they’re asking themselves several questions:

 

  • Will this person fit in with the current team?
  • What will my boss, and the current team, think of my hiring this person?
  • Can this person hit the ground running?
  • Is this person manageable?
  • Is this person a flight risk?

 

An interview is a sales meeting. If you hope to make the sale (get hired) as the seller (job seeker), you’re going to need to provide several benefits why the buyer (the employer) should buy what you’re selling (your skills, experiences, ability to obtain results).

Every professional salesperson knows the adage, “Features tell, benefits sell.” Numbers, whether your results (revenue generation, process improvement), savings (money, time), increasing profit margins, reducing inventory shrinkage—whatever results you achieved for your employer that positively impacted their bottom-line—are the benefits (you’re able to achieve results) of hiring you.

In the business world, numbers are king. Numbers are how success and failure are quantified. (e.g., profit vs. loss, customer satisfaction scores, monetary savings, retention rate, share value increasing or decreasing, percentage of market share) Therefore, when selling yourself, you need to be talking numbers—the language of business. As much as possible, use numbers to quantify your skills, experience, and, most importantly, your results. You want to give your prospective employer a semblance of what can expect from you—what their ROI from hiring you will probably be.

 

Providing numbers that quantify has many benefits when it comes to selling yourself.

 

  • Gives credibility
  • Paints a clear picture of your previous work environment and your results.
  • Numbers have an equivalency of being tangible. Numbers aren’t merely your opinions. (Employers hire to achieve results. They don’t hire opinions.)
  • Offers a sense of what ROI the employer can expect from you.

There’s a huge difference between a candidate who says, “I’m a team player.” versus “For 6 years I was part of a team of 8 inside sales reps collectively responsible for reaching an annual sales target of $15 million. Last year I exceeded my sales target of $1.875,000 by 20%, ending the year with $2,250,000 in sales. The average medical device Medicado sells for around $1,500, which means I sold approximately 150 medical devices.”

Which candidate gives a better picture regarding what an employer can expect from them as an employee:

 

Candidate A: “I took calls from customers.”

Candidate B: “I took on average 50 to 80 calls daily from existing Wonka Industries customers. I’d say approximately 40% of the calls were complaints, which I would rectify. However, the other 60% of the calls were from customers looking to know more about Wonka’s products lines. These calls were a chance for me to sell the caller on our many product offerings rather than for the caller to go to our competitors. Last year I sold over $2.6 million, which was the highest sales out of 15 CSRs in my call centre.”

 

How about this comparison:

Candidate A: “I was the top salesperson for my division for 3 years.”

Candidate B: “In 2018, 2019 & 2020, I was the top salesperson for Pinkbridge’s Quebec and Atlantic provinces region, which comprised of 5 salespeople. I had to make good use of my French speaking skills. In the fourteen years I was with Pinkbridge, there wasn’t a year when I didn’t exceed my sales quota by less than 30%. Last year I brought in $9.3 million in direct revenue.”

You can see how using numbers greatly enhances how your interviewer can envision your achievement(s) and the expected results you’d bring to the business. This is how you sell yourself!

It goes without saying, without a healthy revenue stream, a business will not exist; therefore, the only number that counts in business is revenue. So, as much as possible, quantify how the results you achieved for your previous employers impacted their bottom line. This can be in the way of revenue generation, savings or process improvements that enhance productivity.

Here’s a tip: When wrapping up your next interview, say something along the lines of, “As my resume indicates, I did over $5.5 million in revenue (or insert whatever results you achieved) for JBonded Inc. I know I can do the same for Rivertronics.”

Using numbers is how you answer the interviewer’s question: Why should I hire this person?

______________________________________________________________

 

Nick Kossovan, a well-seasoned veteran of the corporate landscape, offers advice on searching for a job. You can send him your questions at artoffindingwork@gmail.com.

Business

Japan’s SoftBank returns to profit after gains at Vision Fund and other investments

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TOKYO (AP) — Japanese technology group SoftBank swung back to profitability in the July-September quarter, boosted by positive results in its Vision Fund investments.

Tokyo-based SoftBank Group Corp. reported Tuesday a fiscal second quarter profit of nearly 1.18 trillion yen ($7.7 billion), compared with a 931 billion yen loss in the year-earlier period.

Quarterly sales edged up about 6% to nearly 1.77 trillion yen ($11.5 billion).

SoftBank credited income from royalties and licensing related to its holdings in Arm, a computer chip-designing company, whose business spans smartphones, data centers, networking equipment, automotive, consumer electronic devices, and AI applications.

The results were also helped by the absence of losses related to SoftBank’s investment in office-space sharing venture WeWork, which hit the previous fiscal year.

WeWork, which filed for Chapter 11 bankruptcy protection in 2023, emerged from Chapter 11 in June.

SoftBank has benefitted in recent months from rising share prices in some investment, such as U.S.-based e-commerce company Coupang, Chinese mobility provider DiDi Global and Bytedance, the Chinese developer of TikTok.

SoftBank’s financial results tend to swing wildly, partly because of its sprawling investment portfolio that includes search engine Yahoo, Chinese retailer Alibaba, and artificial intelligence company Nvidia.

SoftBank makes investments in a variety of companies that it groups together in a series of Vision Funds.

The company’s founder, Masayoshi Son, is a pioneer in technology investment in Japan. SoftBank Group does not give earnings forecasts.

___

Yuri Kageyama is on X:

The Canadian Press. All rights reserved.

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Business

Trump campaign promises unlikely to harm entrepreneurship: Shopify CFO

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Shopify Inc. executives brushed off concerns that incoming U.S. President Donald Trump will be a major detriment to many of the company’s merchants.

“There’s nothing in what we’ve heard from Trump, nor would there have been anything from (Democratic candidate) Kamala (Harris), which we think impacts the overall state of new business formation and entrepreneurship,” Shopify’s chief financial officer Jeff Hoffmeister told analysts on a call Tuesday.

“We still feel really good about all the merchants out there, all the entrepreneurs that want to start new businesses and that’s obviously not going to change with the administration.”

Hoffmeister’s comments come a week after Trump, a Republican businessman, trounced Harris in an election that will soon return him to the Oval Office.

On the campaign trail, he threatened to impose tariffs of 60 per cent on imports from China and roughly 10 per cent to 20 per cent on goods from all other countries.

If the president-elect makes good on the promise, many worry the cost of operating will soar for companies, including customers of Shopify, which sells e-commerce software to small businesses but also brands as big as Kylie Cosmetics and Victoria’s Secret.

These merchants may feel they have no choice but to pass on the increases to customers, perhaps sparking more inflation.

If Trump’s tariffs do come to fruition, Shopify’s president Harley Finkelstein pointed out China is “not a huge area” for Shopify.

However, “we can’t anticipate what every presidential administration is going to do,” he cautioned.

He likened the uncertainty facing the business community to the COVID-19 pandemic where Shopify had to help companies migrate online.

“Our job is no matter what comes the way of our merchants, we provide them with tools and service and support for them to navigate it really well,” he said.

Finkelstein was questioned about the forthcoming U.S. leadership change on a call meant to delve into Shopify’s latest earnings, which sent shares soaring 27 per cent to $158.63 shortly after Tuesday’s market open.

The Ottawa-based company, which keeps its books in U.S. dollars, reported US$828 million in net income for its third quarter, up from US$718 million in the same quarter last year, as its revenue rose 26 per cent.

Revenue for the period ended Sept. 30 totalled US$2.16 billion, up from US$1.71 billion a year earlier.

Subscription solutions revenue reached US$610 million, up from US$486 million in the same quarter last year.

Merchant solutions revenue amounted to US$1.55 billion, up from US$1.23 billion.

Shopify’s net income excluding the impact of equity investments totalled US$344 million for the quarter, up from US$173 million in the same quarter last year.

Daniel Chan, a TD Cowen analyst, said the results show Shopify has a leadership position in the e-commerce world and “a continued ability to gain market share.”

In its outlook for its fourth quarter of 2024, the company said it expects revenue to grow at a mid-to-high-twenties percentage rate on a year-over-year basis.

“Q4 guidance suggests Shopify will finish the year strong, with better-than-expected revenue growth and operating margin,” Chan pointed out in a note to investors.

This report by The Canadian Press was first published Nov. 12, 2024.

Companies in this story: (TSX:SHOP)

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RioCan cuts nearly 10 per cent staff in efficiency push as condo market slows

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TORONTO – RioCan Real Estate Investment Trust says it has cut almost 10 per cent of its staff as it deals with a slowdown in the condo market and overall pushes for greater efficiency.

The company says the cuts, which amount to around 60 employees based on its last annual filing, will mean about $9 million in restructuring charges and should translate to about $8 million in annualized cash savings.

The job cuts come as RioCan and others scale back condo development plans as the market softens, but chief executive Jonathan Gitlin says the reductions were from a companywide efficiency effort.

RioCan says it doesn’t plan to start any new construction of mixed-use properties this year and well into 2025 as it adjusts to the shifting market demand.

The company reported a net income of $96.9 million in the third quarter, up from a loss of $73.5 million last year, as it saw a $159 million boost from a favourable change in the fair value of investment properties.

RioCan reported what it says is a record-breaking 97.8 per cent occupancy rate in the quarter including retail committed occupancy of 98.6 per cent.

This report by The Canadian Press was first published Nov. 12, 2024.

Companies in this story: (TSX:REI.UN)

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