James' World 2

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There is perhaps no better experience for a hiring manager than seeing the resume of an outstanding internal candidate land on their desk. You can fill the job immediately and because current employees know the organization and its quirks, they require less handholding in order to get up to speed quickly. You also rarely have to pay the premium typically required to lure in external candidates. As an added bonus, hiring an internal candidate signals to other employees that they too have a future in the organization, making it more likely that they will look internally when contemplating their next career move.

Given these benefits, firms have been expanding their efforts to make it easier for current employees to learn about and apply for new internal opportunities. Creating more open internal talent markets certainly increases the odds that a hiring manager will find that perfect internal candidate, but it also means that hiring managers more often find themselves in the unenviable position of having to tell other employees that they did not get the job. While good data on internal application patterns is hard to come by, recent estimates suggest that managers can expect to receive an average of 10 internal applications for every open job, a number that was confirmed in our conversations with talent acquisition leaders across more than two dozen large organizations. That means it is often the case that 9 employees — 10 if you hire an external candidate — hear “no” each time a job is posted.

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No matter how many job interviews you’ve been on, or how well you think on your feet, most people are rarely as prepared as they should be.

In fact, as the CEO of a recruiting firm, I’ve spent decades interviewing candidates, and I’ve seen even the most experienced candidates — with the most impressive resumes — make rookie mistakes that can easily destroy the first impression.

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Nenad Cavoski | Getty

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Dear MarketWatch,

My father died recently and left me and two siblings a house with no mortgage. I am in the process of being declared executor of the will. My brother goes to the house every weekend for a “staycation,” however my sister and I live in other states and can only return to the hometown a few times per year.

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Dealing with a late parent’s home can easily lead to familial squabbles if everyone isn’t on the same page.  Getty Images/iStockphoto

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The background: After suddenly losing my job last year, I was thrown into an urgent hunt. Four months ago, I landed a position with a decent salary, doing much the same work I’d done previously but in a sector that I wouldn’t have chosen if I wasn’t desperate. It was definitely an “I’m taking the job because it’s the first I’ve been offered” situation, but I was grateful to get it.

The people here are nice, and they’ve put a lot of time into training me. They are evidently expecting me to stay for many years, as has been the pattern for most former employees in my role. I would like to work for myself in the future and am even thinking about completely changing fields, but that will take a long time to achieve and I need to stay employed until then. I figured this would be a good setup for, say, the next five years.

But I’ve realized that I just don’t enjoy the job at all. I’m used to working on projects that don’t set my soul on fire, but this has been the most stressful job I’ve ever had by far. Part of that is due to inefficient working practices, which I should be able to influence over time, but I don’t think they’ll completely go away. My department — and therefore me — also shoulders a huge workload that has nothing to do with our roles and should be done by a totally different team. It really interferes with my ability to get my main job done, and I’m working very long hours during busy weeks. I’ve been told that won’t change for the foreseeable future because of pressures from the pandemic. I’ve also encountered some ethical concerns with the company’s work that I didn’t expect. 

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[Source photo: DeanHammel/iStock]

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Dear Quentin,

Four years ago, I was downsizing and building a home while I still had a hefty mortgage on my first home. I couldn’t secure the loan on my own until the other house was sold.

I applied for the mortgage with my girlfriend. I had a down payment of $125,000 and paid the monthly mortgage, along with real-estate taxes. She pays for the utilities.

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