September 18, 2012 Leave a comment
Getting into a Fortune 500 Company – whether global, American or based in Australia – is much easier said than done.
These are companies that produce millions or billions of dollars in revenue each year, dominate the global market and potentially create the world’s best industry leaders and executives.
Here are just some of my tips for aiming your career at the Fortune 500 level:
Your first step is to get your resume together, seeing as this will likely be your first, and perhaps only chance, to showcase your experience, achievements and skills to a potential Fortune 500 employer. If you have a basic resume, consider upgrading to an executive resume. You may want to look for an executive resume writing service to assist you or a resume writer who can also write a strong customised cover letter. If you need to address selection criteria consider getting assistance in developing a document that directly addresses these. The better your selection criteria, cover letter and resume, the more chance you’ll have of getting noticed.
Many Fortune 500 companies also offer specific and general leadership training programs. These can either by run in-house by the companies themselves, or by external executive training organisations. Attending one or more of these programs could benefit you greatly – you’ll gain insight into a company’s operations, values, strategies and expectations, which will all help to formulate your entry plan. These training programs can also often lead to paid internships and entry-level (or higher) positions.
Of course, if you are already an executive, it can also be beneficial to possess the right management and leadership experience or to build up valuable experience in the same industry as your target company. Many of the Fortune 500 companies, for instance, operate in the resource and mining industries, which are highly specialised. So, your option may be to work your way up the corporate ladder of a similar corporation, and then make the direct jump into a Fortune 500 business. However, this can be tough and competitive.
Take a Lower-Level Job
Taking a lower-level job is a great way to get your foot in the door of a Fortune 500 company, even if it means a lower pay grade and more menial duties. Entry-level jobs and internships are a fantastic way to learn about the organisation, make valuable contacts, find out about internal opportunities and give your career a kick-start in the right direction.
Head to a Executive Search Consultant
If you’re a busy executive, you can also head to an executive search consultant or head hunter, who may be able to spearhead your career for you in the Fortune 500 arena. These consultants may conduct research and make contacts in Fortune 500 companies on your behalf, saving you the time.
Of course, if you don’t already subscribe to Fortune 500 (or their app), this could be a good idea. You’ll have access to company insights, financials and movements, as well as available jobs, and the expectations of each company. You can even see who in your target companies are on LinkedIn.
Networking with the right people will undoubted help you as well, particularly if you already have extensive executive experience under your hat. Make connections with important people in the Fortune 500 companies that you want to work for – this can include HR managers and recruiters, as well as current executives in the company.