Obstacles Senior Executives Must Overcome when Changing Career When we talk about people facing a career change, we mostly think about younger people who have realized that their current careers aren’t offering enough or who made a wrong career choice. Unfortunately, they are not the only ones who want or need to jump ship. Even seasoned professionals sometimes change their jobs, but that comes with many challenges. If you’re one of them, take a look at the following list of tips on how to overcome such problems. Hurt ego It’s logical that senior executives feel loss of self-esteem and self-worth, embarrassment and shame. After all, they’ve reached a respectable position in their profession and are used to a managerial position. This problem is best overcome by keeping the “usual life” going (family activities, hobbies, etc.) and focusing on your worth outside of the job. You should also be open to learning new things and connecting and sharing the experience with other top executives in transition. Don’t be afraid to ask them for help! Losing resources You may not be used to doing the day-to-day administrative tasks yourself or you may lack some basic habits and skills for details and logistics. If you fall into that category, it’s time you learned new behaviors and organizational skills and started respecting the small tasks that support the whole process. You probably won’t get a high-end job Such jobs are much more difficult to find, and your search will definitely take longer. There are fewer opportunities at this level, which means you’ll need to be much more patient if you’re looking for such a job. That’s why you need to expand your scope, be more flexible and ready to relocate. You might want to take a short-term step back in title in order to eventually move forward. Alternatively, you could explore consulting or starting/buying a business. Feeling abandoned Another problem that senior executives face when changing career is that they feel left out, which leads to lack of self-confidence and self-esteem. Such a crisis of confidence can be very debilitating. One of the best ways to deal with it is to turn to experts in efficient career coaching, who can help professionals unlock unrealized strengths and pursue their limitless potential and who find themselves at a career crossroads and are unsure where to turn. Get in touch with right people Experienced professionals find it difficult to get through senior executives’ gatekeepers, especially since human resources can offer little or no help in this regard. You need to talk to hiring managers about how you can help them reach their business goals. Also, join and participate in executive networking programs, board or directors and venture capital groups. Call-in favors and get help from senior-level friends and colleagues. Age Chances are, you’ll be perceived as being too old or “washed-up”. Naturally, employers will fear that you won’t remain long at the company and will have their concerns about investing in you, especially if you don’t have technology skills necessary to thrive in today’s work environment. To tackle this problem, you should refocus on your exceptional qualifications, proven results and experience, rather than your age. However, you need to know the culture of the company: if there is no-one older than 40, you shouldn’t apply for a job there if you’re 65. Instead, target smaller companies that would appreciate experience, contacts and credibility and stay up-to-date and informed about your industry. Perception of others You might not be taken seriously as a job candidate or others may project their own fears onto you or be in denial or act dismissive. In those situations, you need to tell the story about your departure from the company and let everyone know that you’re ok with the situation. Be genuine, relaxed and humble. If you have a better understanding of the special challenges you’re facing and implement the solutions suggested above, you’ll significantly improve your job search results and decrease your level of anxiety and frustration. This should, hopefully, lead you to a successful career transition.

What Are The Known Risks Associated With Corporate ESG?

Business, Entrepreneur / By /

ESG (Environmental, Social, and Governance) has become increasingly important as businesses strive to be responsible and sustainable in the corporate world. It’s no secret that there’s a growing awareness of the importance of ESG (Environmental, Social, and Governance) initiatives relating to corporations.

Many companies are working hard to increase their sustainability efforts while aiming for long-term profitability. However, implementing ESG policies comes with some inherent risks. As a responsible citizen and investor, it’s essential to understand the risks associated with corporate ESG.

This blog post will review the known risks associated with corporate ESG, so you can be better prepared when considering investing in a company that has embraced corporate ESG principles. Doing your research now will save you from financial heartache later on. Continue reading the article below to learn more. 

Implementation Challenges

Regarding risks associated with corporate ESG, Implementing ESG policies can be daunting for corporations. It requires significant investments in time, resources, and reporting. Moreover, ESG policies vary across geographies and sectors, and companies must tailor their policies accordingly. Implementing ESG policies may also require changes in organizational structures and culture. Companies that fail to enforce ESG policies risk losing investor interest and confidence.

Regulatory Risks

Regulatory risks associated with ESG policies are another area of concern. Regarding risks associated with corporate ESG, Governments worldwide are keen on enforcing regulations and policies that tackle climate change and promote sustainable practices. Companies failing to comply with these regulations may face fines and legal penalties and even lose operating licenses. Therefore, companies need to be proactive in complying with regulatory requirements. In this regard, businesses can use an ESG reporting guide to navigate compliance requirements, streamline disclosures, and reduce the risk of regulatory penalties.

Financial Risks

ESG policies impact a company’s bottom line. Investors increasingly focus on ESG factors, and companies that perform well on ESG metrics are more likely to attract investment. Regarding risks associated with corporate ESG, companies that fail to adopt sustainable practices or are involved in ESG controversies risk losing investor confidence. Moreover, companies with poor ESG practices may find financing challenging and have to pay higher premiums to access finance.

What Are The Known Risks Associated With Corporate ESG? – In Conclusion

While ESG policies benefit companies, some known risks are associated with them. Companies must proactively address these risks to avoid reputational damage, regulatory penalties, and investor loss.

Implementing ESG policies requires significant investments in time, resources, and reporting, but the benefits of a sustainable and responsible business model outweigh the risks.

By understanding the known risks associated with corporate ESG, companies can implement a robust ESG policy that enables them to remain responsible and sustainable long-term.