why you only need 20 connections
TRANSCRIPT
Networking
A strategic approach to networking
Networking as ayoung professional
05-11-2015
Who am I?• Erik van Vulpen• Entrepreneur• Student • Law• Occupational and health psychology• Business Administration: S&O
Outer circleX mensen
Inner circle
15 mensenU
90% of your social resources come from 10% of your network: Your inner circle
Good ways NOT to Network
Why is networking important?• 60-80% of jobs are landed through networking(!)• A strong network makes a promotion happen faster (Singh &
Vinnicobe, 2002)• Roughly 11% of salary is related to your network’s quality (Wolff &
Moser, 2009)• Roughly 14% of your happiness in your job is related to job having a
strong network (Wolff & Moser, 2009)
Good ways NOT to Network
What is networking?• Fun• Building sustainable relationships over time• Being authentic• Giving and helping• Strategic• Smart
“It’s not what you know, it’s who you know”
How CEOs build their network
Debby: “My current role is really a product of a relationship I formed over a decade ago that came back to me at the right time. People may chalk it up to luck, but I think more often that not luck happens through
networks where people give first and are authentic in what they do.”
Cross & Thomas, 2014
Strategic view on networking
Analyze your current network and diversify your connections towards your goal
Cross & Thomas, 2014
Analyze Diversify Capitalize
Exercise• Put your main mid-term goal on top• Write down the names of the people who compose your core
network on the left in rows• Write down 1 to 6 in columns• Classify relationships by the benefits
they provide
1 2 3 4 5 6Jan xPiet xKlaas xGeert xBen xBas x x
6 types of people in a CEO’s network
Performance (specific)
1. People who offer information or expertise2. Influential people3. People who give developmental feedback
Support and happiness (generic)
4. People who give personal support5. People who add a sense of purpose or worth6. People who promote work/life balance
Cross & Thomas, 2014
Performance
1) People who offer information or expertise• Peers in other functions, divisions, geographies• Sharing best practices• Contacts who inspire innovation• Experts• Clients
2) Influential people• Formally powerful people • provide mentoring• sense-making• political support
• Informally powerful people• Influence• Help coordinating projects• Support among the rank and file
3) People who give developmental feedback• Give developmental feedback• Challenge your decisions• Hold you to a standard• Push you to be better• Mentor you
E.G. your boss, trusted colleague or spouse
Support & Happiness
4) People who give personal support• Colleagues or a boy/girlfriend
who helps you get back on track when you had a bad day• Friends with whom you can be
yourself
5) People who add a sense of purpose or worth• Bosses or customers who
validate your work• Family members or a spiritual
leader who show you your work has a broader meaning• Parents
6) People who promote work/life balance• People with whom you play
sports and hold you accountable• People who stimulate mental
engagement• People who promote your
spiritual well-being (music, art, religion)
Last but not least: Energizers vs. de-energizersEnergizers:• Trustworthy• Committed• Self-less• Give
De-energizers:• Point out obstacles• Critique people instead of ideas• Inflexible in thinking• Fail to create opportunities• Miss commitment• Don’t show concern for others
90% of anxiety at work is created by 5% of your network
Every 6 months
Back away from redundant and energy-sapping relationships is
Analyze Diversify Capitalize
“It’s better to know a few people really well than a lot of
people a little”