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Your Resume Summary Introduces You

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Your resume summary is your introduction—use it wisely. These 2 – 4 sentences will be the first impression your resume makes and your second opportunity (Your cover letter is your first opportunity.) to have your resume read.

Many people start their resume with an objective statement (“Marketing manager looking for a position with a mid-size manufacturing company.”) — DON’T! An objective statement boils down to the obvious; you need a job. Such a statement focuses on your needs, not that of the employer. Concentrating on your needs can come across as you have a sense of entitlement, which is a turnoff.

When networking, composing your resume and cover letters, and especially during interviews, always communicate how your skills and experience can add value to an employer. Adopting a servitude mindset will set you apart from other job seekers.

It takes seconds for a hiring manager, HR manager, or recruiter to decide whether to discard your resume or give it some attention. It’s no secret that it’s raining resumes. There’s no shortage of qualified applicants knocking on employers’ doors and therefore employers can be choosy. Considering the cost of a wrong hire I can empathize with employers being picky throughout the hiring process. Therefore, your summary needs to answer the question the reader has: Should I take the time to read this resume?

Underneath your contact information, which I outlined in last week’s column, you need to add a summary. This summary gives the reader a sense of how you may be the right candidate for the position you’re applying for and can be an asset to their business or their client (if dealing with a recruiter).

For your summary to encapsulate your career, skills, and value, it needs to cover:

• Previous relevant jobs and experience
• Core skill sets and strengths relevant to the position
• Relevant accomplishments

You’ll have noticed the word “relevant” is repeated. Keeping your resume’s content and cover letter relevant is key to keeping your resume to 2 pages and having the employer envision you in the position/their company. Anything which isn’t relevant is a distraction—often, distractions get you rejected.

Yes, you’re rightfully proud of the 3 consecutive quarters you were employee of the month at the 7-Eleven you worked part-time to help pay for university, but 20 years later, you’re searching to lead an IT help desk. The same with mentioning you have a golf handicap of 8, which I admit if I had, I’d find hard not to bring up.

Of course, suppose you’re applying to lead the IT desk for a national retailer or a golf club manufacturer. In that case, your 7-Eleven achievement or your golf handicap may have value worth mentioning.

Only include in your resume and cover letter information that makes a strong case why you should be interviewed.

Here are examples of a well-written summary.

Example 1:

Dependable Executive Assistant with over 9 years of professional experience. Keen to support Acme Corp. with excellent organizational and analytical skills. At Stark Industries, I optimized travel costs resulting in an overall reduction of over 30%. In 2018 I saved $45K a year by redesigning and implementing an updated call system.

Example 2:

Chartered Accountant with 7+ years professional experience. Seeking to leverage budgeting, cost, and revenue-maximizing expertise for Oscorp. At Nakatomi Trading Corp. I saved $4.5M by identifying low-margin transactions. I also optimized the pricing policy at Globex, increasing the customer retention rate to over 85%.

Example 3:

Enthusiastic software engineer with 8+ years of experience participating in the complete product development lifecycle of successfully launched applications. Eager to join Wayne Enterprises to deliver mission-critical technology and business solutions to Fortune 500 companies. In previous roles, reduced downtime by 15% and warranty costs by 25%. Identified and resolved a process bottleneck, which increased coding efficiency by up to 30%.

These examples get to the point and show (note the percentages, monetary values) the reader how the job seeker can benefit their business.

TIP: Change your summary to speak to the job posting you’re applying to, mention the employer’s name, and the reason(s) the job exists.

Next week I’ll cover presenting your professional experience (Think of the numbers that make a business successful.).
______________________________________________________________

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

Lufthansa sets 2024 goal, eyes capital increase

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Germany’s flagship carrier Deutsche Lufthansa said it aims to boost its return on capital employed (ROCE) and laid out plans for a capital increase as it prepares for a business recovery amid an easing coronavirus pandemic.

The largest German airline aims to have an adjusted EBIT margin of at least 8% and an adjusted ROCE of at least 10% in 2024, it said late on Monday.

Adjusted ROCE was –16.7% in 2020 and 6.6% in 2019.

The group added it had mandated banks to prepare a possible capital increase, though size and timing have not yet been determined and the German state, which has bailed out the airline during the pandemic, has not yet given its approval.

 

(Reporting by Ludwig Burger; editing by Jonathan Oatis)

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Virtual Law Firms Are on the Rise in Canada

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Virtual law firms have been on the rise for a while. In a 2019 roundtable discussion conducted by the American Bar Association, several firm leaders met to discuss the growing presence of online legal services. The consensus was clear: virtual is the new reality.

That was 2019. In the intervening two years, the world was gripped by a global pandemic that forced most people to conduct their business indoors. As you might have guessed, demand for contactless, remote legal services has only ballooned since that roundtable discussion.

While the roundtable primarily focused on the legal industry in the US, you can witness similar trends here in Canada. Like the taxi industry and entertainment distribution industry before it, law is increasingly moving toward digital spaces.

This article explores what virtual law firms are, what benefits they present for Canadian clients, and what kind of clients are driving the virtual law boom.

Not a Change but an Addition

At its best, the shift from brick-and-mortar law firms to virtual isn’t an alteration of legal services as much as it is an addition.

The best virtual law firms do not compromise on service – they still offer traditional legal services with the expertise of real lawyers. The only difference is that they have added a new medium: a more accessible, transparent means of communication and billing.

Why Canadians Choose Online Law Firms

For some clients, the traditional brick-and-mortar firm was hard to give up. They viewed their lawyer like they viewed their doctor: a professional whose in-person expertise couldn’t be replicated in a digital space. Then, the pandemic hit. As millions more Canadians acclimatized to working online, they also habituated to the idea of doing business online.

 

Credit: Ketut Subiyanto Via Pexels

The benefits were immediately apparent. Virtual law firms feature streamlined communication, available seven days a week. They eliminate the need to go to a physical office. They offer all the same legal expertise and services as a brick-and-mortar lawyer. And, crucially, they often leverage transparent pricing: flat, predetermined legal fees with no hidden costs. A client looking for affordable legal services in Mississauga or Toronto, for instance, can simply click a few buttons and hire a lawyer on the spot.

Who Is Using These New Services?

You might be wondering: do they wheel a computer into the courtroom when someone avails themselves of a virtual lawyer? No, that isn’t quite the case.

Clients tend to use virtual law firms for everyday legal services – not necessarily courtroom representation. A client looking to create a will or name a power of attorney might choose a virtual lawyer for the sake of simplicity. A homebuyer, looking to keep costs manageable might hire a virtual lawyer for closing since their prices are both more transparent and affordable. A couple seeking to draft a cohabitation agreement may find similar benefits in an online lawyer.

The fact is that virtual legal services are not only here to stay – they are on the rise. Fortunately, the future is friendly; online law firms offer the same legal expertise as their physically housed counterparts, with the added benefits of being accessible and affordable.

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Tourmaline to expand in Montney with C$1.1 billion deal for Black Swan

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Canada‘s Tourmaline Oil Corp said on Friday it would buy privately owned Black Swan Energy Ltd in a C$1.1 billion ($908.79 million) deal, as the oil and gas producer looks to expand in the Montney region, one of North America’s top shale plays.

Canada‘s Montney, which straddles Alberta and British Columbia, has seen a wave of consolidation as companies buckled under collapsing oil prices amid the COVID-19 pandemic.

Tourmaline said the deal represents a key part of its ongoing North Montney consolidation strategy and the company sees the area as a key sub-basin for supplying Canadian liquefied natural gas.

The company in April acquired 50% of Saguaro Resources Ltd’s assets in the Laprise-Conroy North Montney play for $205 million and entered into a joint-venture agreement to develop these assets.

Analysts at brokerage ATB Capital Markets called the Black Swan assets a “hand in glove” fit with its recent acquisitions.

Tourmaline stock rose 4.5% to C$32.1.

The deal value consists of 26 million Tourmaline shares and a net debt of up to $350 million, including deal costs.

Tourmaline will acquire an expected average production capacity of over 50,000 boepd when the deal closes, likely in the second half of July.

The company, which also raised its dividend by 1 Canadian cent per share, expects the Black Swan assets to generate free cash flow of $150 million to $200 million in 2022 and beyond.

The Canadian energy sector has seen a flurry of deals with companies expecting to benefit from the rebound in oil prices as global fuel demand picks up.

ARC Resources Ltd in April bought Seven Generations Energy Ltd for C$2.7 billion to create Montney’s largest oil and gas producer.

($1 = 1.2104 Canadian dollars)

 

(Reporting by Rithika Krishna in Bengaluru; Editing by Vinay Dwivedi)

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