What’s your career capital?

Money raining down

Career capital is the value of competencies, knowledge and individual personality attributes and other career assets that you have to produce economic value.
Your career assets combined = your career capital; the sum total of your time, talent and potential. You need to consider it in terms of its present and future value when considering your long-term career prospects. If the internet is an ocean full of ‘fish’ i.e opportunities, you need bait to catch the fish you want. Career capital helps you to do this. What ‘fish’ do you want to catch e.g. employer or clients?

Why is career capital important?

In future, in less than 5 years, employers will have reduced permanent headcount and resource up on an as needed basis with individuals and employers rated transparently on-line.

Are you ready for the new world of work; differentiation and visibility on-line?

What does the future look like?

People per hour is a taste of the future. The Sense Network is one example of on-line resourcing. Employer evaluation sites like Glassdoor are a growing trend.

Career assets

Your career capital is made up of multi-faceted career assets which accrue over time.

Accolades
• Patents
• Awards
• League table rankings e.g. Chambers
• Who’s who listing

Academic
• Higher qualifications e.g. MBA, PHD, MSc/MA
• Links with academia or prestigious universities e.g. guest lecturer

Endorsements
• Client testimonials/employer references
• Peer testimonials/endorsements

Published works
• Articles
• Chapters
• Books
• White papers

Talent
• Multiple mastery areas
• In-demand skills e.g. creativity, big data management
• Languages
• Good emotional intelligence e.g. empathy

Networks
• Professional association involvement
• Membership of elite clubs
• Size & diversity of network
• Quality of network e.g. senior decision makers, high net worths

Events
• Hosting an event
• Speaking at an event
• Conference speaking
• Conference chairing

Charitable
• Pro bono
• Trustee post

Career credibility
• Prestige/trophy employers & clients e.g. FTSE 100
• Senior leadership positions e.g. C-Suite

Miscellaneous
• Personal brand

What would you add? How would you rate your career capital?

7 tips for healthy career capital

1. Create a career strategy and ensure your career capital is aligned with it
2. Define your ‘fish’ – i.e. target employers or clients
3. Audit your career capital quarterly and define career asset S.M.A.R.T. goals
4. Ensure you have insights about what is important to and valued by your target audience e.g. who are their heroes/heroines?
5. Measure stats for your career capital so you can monitor progress
6. Monitor your reputation – set up Google alerts & track your name/brand on Twitter
7. Use/monitor LinkedIn stats to evaluate the quality and profile of your network

Download your copy of our free report now to find out your transferable skills:

http://careerstrategies.co.uk/changingcareersreport/

Advertisements

About Energise - The Talent Liberation Company

Talent liberator - career change, executive coaching and employee engagement. PS Love writing too and write many articles. Background in marketing and brand strategy and communication and unusual analytical and lateral brain - great for new career directions and ideas!
This entry was posted in Career strategy and planning and tagged , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s