Was this helpful? Please give me feedback in the comments.
If you’re interested in individual personal coaching, read about it here…..

Article courtesy of  Peggy McKee - Owner / Senior Headhunter at the nationally
recognized pharmaceutical and pharmaceutical revenue recruiting team of PHC Consulting.
© Copyright 2008 PHC Consulting | All rights reserved

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This is not your daddy’s job search….

You can’t just send out resumes anymore and expect to get a call for a laboratory sales career opportunity or health care sales career opportunity.  Life is different, and the career opportunity search is different.  Get a career coach, get on LinkedIn, discover some resume help.  Get serious, and play to win.

Article courtesy of  Peggy McKee - Owner / Senior Recruiter at the nationally
recognized pharmaceutical and clinical revenue recruiting team of PHC Consulting.
© Copyright 2008 PHC Consulting | All rights reserved

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The Medical Sales Recruiter Sets Resume On Fire To Say This: Stop the Faux Job Search

I am #7 on the list, and I am in some very nice company:  from Jason Buss of The Talent Buzz (#1) to Dr. John Sullivan (#25) (who incidentally just recently guest posted for us on the cost of a vacant job).  You can see the rest of the list here.

I’m happy to be on the list, and wanna thank all my readership for helping me to get there.  I continually strive to provide good content for jobseekers, and hope that you find it useful.  As always, I welcome comments and suggestions for topics that you’d like to see covered here.

See you at the big!

Peggy McKee

Article courtesy of  Peggy McKee - Owner / Senior Recruiter at the nationally
recognized medical and clinical laboratory revenue recruiting team of PHC Consulting.
© Copyright 2008 PHC Consulting | All rights reserved

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The Medical Sales Recruiter Makes the List of Top 25 Most Influential Online Recruiters

The major 3 episodes are:

Closing for the Job Interview In a Job Offer (over 12,500 views)

30/60/90-Day Plans for Career opportunity Interviews–Get Hired! (over 11,900 views)

Discussing Money (Salary Talks) in the Position Interview (over 10,300 views)

Here’s what a few jobseekers have to say about them:

Comment on your video: Position Interview Tips – How to use your brag book to get the job.

Thanks for this info! At the end of my interview today, I flipped through my portfolio to explain my color coding, then handed it over. Each one of them flipped through it, and it felt really worthwhile to see ‘em looking at my degree, awards, etc.

Comment on your video: Interview Tips for Hiring Major Sales Reps! Clinical Sales

It’s been several years since I was a surg rep. I only had a few interviews in my life. I had been recruited for nearly all my sales career opportunities. Now, trying to re-enter the laboratory arena, I’m finding it harder than it was as an entry level rep. These movie scenes are really helpful and I will bypass the HR department as you suggested in another movie.

Comment on your video: Career opportunity Shadowing :Tip for howto get a pharma sales position!

These movies are outstanding! Thank you very much for taking the time to post Them. You’re a great role model.

I am totally thrilled that the vids have been so helpful to so many people in the job search. I know it can be a difficult, stressful time, and I’m glad I’ve been able to make it a little easier.

Thanks for watching.

Peggy McKee

Article courtesy of  Peggy McKee - Owner / Senior Recruiter at the nationally
recognized pharma and medical sales recruiting team of PHC Consulting.
© Copyright 2008 PHC Consulting | All rights reserved

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Article courtesy of  Peggy McKee - Owner / Senior Recruiter at the nationally
recognized pharma and medical sales recruiting team of PHC Consulting.
© Copyright 2008 PHC Consulting | All rights reserved

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Medical Sales Recruiter Monthly Newsletter – Signup NOW!

If you’re looking at a career in medical sales, it’s likely you’ve gotten a science degree, or at least achieved a minor in science and studied the area more than the minimum amount needed to graduate. Yes, it’s not a legal requirement to have a science degree to go into clinical revenue, but the more you know about the field, the better you’ll be able to understand the products you’re selling and the way they can benefit doctors and patients. Talk with your professors or academic counselors about getting in touch with a pathology sales rep, or do some legwork and call local hospitals to discover out the names of reps that call on them.

Getting in touch with rep is the first step in landing a preceptorship. When you’re on your ride-along, ask questions of your mentor but also follow instructions about how and when to interact. It’s likely you’ll need to stay quiet when your rep is actually dealing with clients and trying to make a sale, and that’s precious. The purpose of the day (or days) spent shadowing a professional is to absorb the ins and outs of the position, not act as if you know it already. If you play your cards right, a successful preceptorship can benefit you in several ways:

Firsthand experience: This is vital. Instead of knowing the theory behind pharmaceutical revenue, a ride-along lets you see it in practice and understand what the job really entails. You’ll come away with knowledge of the real job, not the mythological version you may have built up in your head. As such, you’ll be able to start your career knowing exactly what you have to do to get the position done.

Pros and cons: A preceptorship is the perfect way to know exactly how the job will work for you and what upsides and downsides you will face. A Pharmaceutical sale is a challenging but rewarding career, built on the ever-changing health care industry, and there’s no better way to see what the job really entails than a ride-along.

Contacts: Participating in a preceptorship is a outstanding way to grow your field of professional contacts and develop yourself as a new sales rep. By establishing a admirable relationship with the revenue rep you’re shadowing as well as the clients you meet along the way, you’ll be setting yourself up for more professional opportunities when you’re out on your own. And don’t forget that a ride-along looks great on a RESUME, demonstrating that you’ve spent time in the real sales world and have a better grasp of the job than someone who’s only studied it from afar.

A preceptorship is an invaluable training tool and a great way to help your career get started. If you haven’t participated in one yet, now’s the time.

This guest post is contributed by Katheryn Rivas, who writes on the topics of accredited online universities .  She welcomes your comments at her email Id: katherynrivas87@gmail.com .

Article courtesy of  Peggy McKee - Owner / Senior Headhunter at the nationally
recognized clinical and medical sales recruiting team of PHC Consulting.
© Copyright 2008 PHC Consulting | All rights reserved

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Take the Ride: The Benefits of a Medical Sales Preceptorship

There’s an outstanding lineup of speakers (including Peggy McKee, your Medical Sales Recruiter).  I will be presenting “State of the Market for Medical Technologists:  Current Trends in Compensation, Recruitment, and Retention.” I’ll cover key strategies and tried-and-true recruiting methods for hiring and retaining productive, high-quality med techs—and how to make them the happiest and most productive members of your pathology team.

This particular industry conference is awesome, with relevant session topics and some of the best networking in the clinical laboratory industry.  This event is a must for clinical managers (and clinical revenue reps, laboratory sales reps, or clinical diagnostics revenue reps).

See you in New Orleans!

Article courtesy of  Peggy McKee - Owner / Senior Recruiter at the nationally
recognized pharma and medical revenue recruiting team of PHC Consulting.
© Copyright 2008 PHC Consulting | All rights reserved

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If an airline bought a new 747, and then let it sit for two months on the runway because they didn’t have a pilot, what would the cost be to the airline? In other words what is the cost of a vacant career opportunity?

Many firms calculate the cost of a hire, and some go so far as to calculate the cost of a bad hire (which have been estimated to be as much as three (3) times the persons annual salary), but few have taken the time to calculate the cost of a vacant job. These costs can be significant: anywhere from $7,000 dollars per day to $50,000 per day for an engineering job. Key leadership positions may cost as much as a million dollars per week. Couple those amounts with the fact that the length of many vacancies often exceeds 100 days, and you are talking about some serious financial impacts ($7,000 X 100 days = $700k).

ASSUMPTIONS ABOUT VACANCIES:

• Delaying product development and time to market in a fast changing industry means:
  1. Lower margins, (as much as 10%)
  2. A loss of first entry dominance
  THREE. A loss of PR
  4. Potential loss of market share (up to 30%)
• Great ideas and products come from people, not from equipment, buildings or capital. If you don’t have great people . . . you won’t have great products. And without great products you won’t have a great company.
• If the vacancies are a result of slow recruiting process, it’s important to also realize that a failure to fill vacancies rapidly will probably also mean that all of the top candidates will be gone by the time you make a hiring decision. So you will likely re-fill your vacancies with lower quality hires (especially because the best are usually the first to quit)
• Vacancies in a single team can have an impact on many other teams (because of interdependencies), which
  can cascade throughout the entire company.

COST OF A VACANCY CHECKLIST: THE BUSINESS IMPACTS OF A VACANCY
When you have a vacant job, one or more of the following things may happen. Guesstimate the dollar costs of each bullet point that fits your situation:

1. PRODUCT DEVELOPMENT AND PRODUCTIVITY

• Time To Market (TTM) is dramatically impacted by the entire production chain. Because departmental
  schedules and plans are closely interwoven, any disruption in one department may adversely affect all others.
• In industries that are seasonal (i.e. toys) this disruption may be even more costly. Vacancies in key skill
  career opportunities may mean that products and projects may have to be dropped altogether.

2. TEAM IMPACTS

• Team product development may be dramatically impacted by the disruption caused by the lost productivity, lost experience, leadership, idea generation and skills of the “vacated” person.
• If a team environment exists, a disruption in team cohesiveness may occur. This can result in a longer TTM (Time To Market) and a loss of focus that can also impact TTM.
• Vacancies may affect the idea generation of others because co-workers are frustrated or overworked.
• Vacancies may cause overworked employees (because they got to fill in) to tire, which may cause increased accidents.
• Vacancies may cause overworked employees to tire, which may adversely affect product quality through increased error rates.
• Excessive vacancies may lead to increase “whining,” grievances and even union activity.
• If the team leader is the “vacancy” then “time to productivity” is likely to be even more negatively impacted.
• A vacancy may make a manager reluctant to terminate poor performing employees. Vacancies coupled with poor performers can cripple the team.

3. INDIVIDUAL EMPLOYEE IMPACTS

• A vacancy means that a current employee must do the work of the vacant job. This can cause a cascade effect causing others to got to fill in for their job, resulting in many “rusty” people doing unfamiliar career opportunities and decreasing productivity.
• Vacancies may frustrate other employees, causing ‘em to lower their productivity.
• Vacancies may frustrate other employees, causing ‘em to quit at higher rate than they normally would.
• Vacancies may cause the team to miss its goals, thereby reducing the possibility of individual and team incentives, which may further reduce productivity.
• Increased stress on overworked current employees (caused by having to fill in) may cause increased absenteeism and tardiness.
• Vacancies may hold up vacation time for current employees which may lead to increased stress or frustration.
• Understaffed departments won’t be able to send current employees to training and conferences, which may lead to increased stress, decreased worker knowledge or frustration.
• If temps or “fill-ins” must be hired, they usually have a higher error rate that the average employee and they are unlikely to generate many new ideas.
• Superstar employees often resent being asked to fill in when lesser employees positions are vacant, which may cause Them to quit also.

4. INCREASED MANAGEMENT TIME AND EFFORT

• Practice groups with vacancies require “high maintenance” and more management attention and worry.
• Managers often got to skip their normal management planning and responsibilities in order to fill in for the vacant employee.
• When managers fill in for “vacant” employees that time can’t be spent on the best employees.
• Vacancies in management and team leader jobs have a multiplier effect on productivity and the recruitment of others.
• There are territory costs for things a manager and co-workers could have done if they didn’t got to carry the extra load of filling in for a vacancy.
• If the vacancies are caused by big management decisions (hiring or budget freezes) it can cause managers to lose hope. This can impact morale and it may lead to a high management turnover rate.

5. CUSTOMER IMPACTS

• Excessive vacancies may send a message to customers and suppliers that we are getting weak or we don’t care about Them. It may cause a period of confusion for suppliers and customers regarding whom they can contact and the stability of the relationship. Errors caused by “vacant” employees may lose sales volume and occasionally customers.
• Any “fill in” as a sales/account rep may provide Them an opportunity or excuse to look for other suppliers.

6. COMPETITIVE ADVANTAGE

• Excessive vacancies may cause management to panic and to “quickly” hire some poor performers. Once the team is saddled with a large number of poor performers, you may never be able to hire any new big performers.
• Vacancies at the CEO, CFO, CTO, and other big manager jobs can adversely impact our financing and the willingness of others to partner/merge with us.
• Vacancies in key positions may send a message to analysts and the stock market that you’re getting weak.
• Vacancies may send a message to competitors that you’re vulnerable, which can lead to increased competitive pressures.
• A large number of vacancies means we are losing employees, which means weakening our culture. New employees with new values may change or dilute our values and “corrupt” current employees.

7. IMAGE AND RECRUITING

• Excessive vacancies sends a message to your competitors you’re getting weak. This might encourage them and improve their own confidence so that they become bolder in the product and employee poaching market.
• Vacancies may impact new recruiting because vacancies send a message to future recruits that we are not easily able to recruit replacements.
• Large numbers of vacancies may also send a message to our current employees we are headed down hill.
• High vacancy rates may over-stress our recruiters and recruitment process.
• Vacancies may send a message to outside recruiters that we are vulnerable, which can lead to increased “headhunter” activity.

8. OUT OF POCKET COSTS

• Having to hire high-cost consultants as “fill in help” could mean higher costs. If hourly employees are involved it probably means additional overtime costs.
• Vacancies can mean the underutilization of plant and equipment.

OTHER MISCELLANEOUS CONCERNS (AND COSTS) THAT MAY ARISE

• The new hire may be a lower quality (low performance) candidate.
• New hires are unlikely to be immediately productive, thus resulting in increased costs.
• Some “vacating employees” take others with them soon after they leave. A “break in the dike” of one leaving may cause the whole intact team to leave.
• Many new hires don’t work out and must be replaced within 6 months, essentially stretching the length of the vacancy.
• In a tight labor market vacancies in hard to hire jobs may not be replaceable, at any cost.
• In start-ups and diminutive departments, where there is little cross training, the cost may be more dramatic. If you only have ten employees and you lose two, you’ve a 20% vacancy rate (major deal!).
• Spending the time to avoid vacancies may have a massive ROI especially if your former employees go to a competitor with “your” ideas, causing their revenues to increase as yours go down.

DR. JOHN SULLIVAN (JohnS@sfsu.edu) is a well-known international speaker, author, and advisor to Fortune 500 and Silicon Valley firms. He was called the “Michael Jordan of Hiring” by Fast Company Magazine. Dr. Sullivan is also head of the Human Resources Management Program at San Francisco State University. We thank Dr. Sullivan for allowing us to share it with our readers.

Article courtesy of  Peggy McKee - Owner / Senior Recruiter at the nationally
recognized laboratory and clinical sales recruiting team of PHC Consulting.
© Copyright 2008 PHC Consulting | All rights reserved

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CALCULATING THE COST OF A VACANT “COV” POSITION: A LIST OF THE POSSIBLE “COV” FACTORS

For example, in the Sales Café group, this is a discussion:

What’s your opinion of the American Institute of Medical Sales Academy?

The discussion started with a question from a recent college graduate interested in pharma sales and was wondering if pharmaceutical revenue training programs were a worthwhile territory for someone with the degree, but no experience.

He got several responses from health care industry executives, sales reps, and others, including me (the clinical revenue recruiter), and generated a few more queries from more experienced jobseekers who do have the sales experience, just not the laboratory sales experience.  (Just looking at the caliber of the people in the discussion will show you how good it is to participate in LinkedIn groups.)

The trend of the discussion seems to be that medical revenue training programs are a big investment with questionable value, and that employers focus more on hiring sales reps with a worthwhile attitude, communication skills, and interpersonal skills, along with the technical knowledge. Although it’s acknowledged that clinical revenue can be a hard field to break into, and candidates are looking for an edge.

My input was that since I’ve never participated in a training program, I don’t know how fine they’re.  As a career coach, I see value in training and job preparation, although I don’t know if that’s what would give you the edge in a career opportunity offer.  As a pharmaceutical sales recruiter, I’ve never had a client company ask for a candidate with these certifications, and I’ve never had a candidate win the career opportunity based on having gone through a course…so I don’t think candidates should expect a hot pursuit if they do.

The advice I always give to people trying to break into medical sales is to (1) do position shadowing, which provides you with experience, RESUME keywords, and sets you apart; (TWO)  get a career coach who can show you how to present yourself as a top candidate and give the best interview of your life; (3) and research–read everything you can on getting into medical revenue (this blog has hundreds of articles for you), and watch YouTube vids on career opportunity hunting and lab revenue (I have a Pharmaceutical Sales Headhunter channel, and there are many other great ones with specific information).

Let’s continue the discussion here:  Have you participated in a clinical revenue training program?  Did you discover that it was helpful to your medical sales career opportunity search?

Article courtesy of  Peggy McKee - Owner / Senior Recruiter at the nationally
recognized medical and clinical sales recruiting team of PHC Consulting.
© Copyright 2008 PHC Consulting | All rights reserved

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Article courtesy of  Peggy McKee - Owner / Senior Recruiter at the nationally
recognized laboratory and pharma sales recruiting team of PHC Consulting.
© Copyright 2008 PHC Consulting | All rights reserved

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