Job hunting after being terminated
I worked in a family office and conduct investment works for it.
I was recently terminated because I asked for a better package. My reasons of asking for that is, 1) my previous pay is far below the market, 2) I got my CFA chartered recently and 3) I provide good result for company's portfolio during my service. I thought the reasons are solid but the company's management did't like this and eventually terminated me after a short period.
That was so ridiculous, but anyway, things happened.
The point that make me headache is that, when I interview with a new company, I have to disclose that I was terminated, and this will clearly deduct so many points. So, doctors, how can I make it sounds better when being asked for this issue in the interview?
Looking forward to your answer, thank you.
Posted Tuesday 23rd July 2013 12:24:00 AM
The employment world is never a logical place. There is no such thing as an employee achieving something and be expected to be rewarded by the employer. You can evaluate how the employer value you and if they find you not worthy of your demands, that means you can have a golden handshake with them. To put it bluntly, the employer may have an upper hand and make you at fault and thus hand you the termination. The actual fact is that you as an employee also has a bargaining power if you know how to value yourself. Put it in a lighter perspective than the termination word, that you and your employer amicably dissolve the employment contract since your current employment does not allow any opportunity for a senior role thus the reason you are applying elsewhere.
Mark Enticott - Career Doctor
Posted Wednesday 17th July 2013 12:38:00 AM
When an individual is terminated from a company, this can be a difficult time for an employee especially if they don't fully understand why they have been terminated and even if they do understand the reasons, there is a big emotional element that the individual needs to deal with. My recommendation to you is to always be open and transparent about the reasons why you have moved on from a company. Normally you will have the opportunity to talk about the role before being asked why you left the business. When describing the role, this is a great opportunity for you to explain all your achievements and things that you did well. Before you are asked why you left the position, I would openly share the information to the interviewer. This approaches shows that you are not hiding anything and are very comfortable being transparent to the interviewer. Depending on the number of companies you have worked for and the reasons for moving on from these companies, this will determine how the interviewer feels about the termination. If you have had a stable career and never been terminated before and you have openly shared the information about the current situation, then many interviewers will take this into account. It is also important that you have relevant referees who will vouch for your quality of work, character, reliability and interpersonal skills. If you don't openly disclose the termination and the interviewer finds out more information later in the process, this will raise doubts in their mind about your credibility and potentially other issues that they don't know about. Such doubts will normally result in the person being ruled out of the selection process. A honest, open and transparent approach is always the best. If you have demonstrated your achievements in your career, outlined how your experience is relevant to the role you are interviewing for and applied the other key aspects you need to in an interview, I don't believe your situation will impact the outcome.