Category Archives: Swivel eyed bureaucrats

Hedge Fund Exodus?

Movement of rich people

Exodus - movement of the people

News this week is that everybody’s favourite economy stimulator, the EU, is now looking at legislation that will curb bonuses in the hedge fund and private equity business.

Here’s the link, but basically the Stasi ESMA (European Securities and Markets Authority) have realised that banker bashing only targets one section of the financial markets and that there are other “senior executives” in London whose pay they want to “bring in-line” with the remuneration policies of the investment banks.

This is another totally unhelpful attack on the UK economy from EU, and if they go ahead I can see many funds simply upping sticks and relocating to the Caribbean or the Far East. Many funds are already domiciled, or at least partly based in offshore locations, and a vicious grab on their pay is simply likely to push them further abroad faster. The Government apparatchiks just don’t seem to understand that today each country is like a camping-site: they provide a patch of suitable ground and some basic amenities but ultimately you can pitch your tent anywhere. In the UK we are lucky to have one of three of the world’s leading global cities and we need to realise that this is precious thing and not some entitlement that can be abused according to the latest Brussel’s fad.

Now the FSA is trying to work out how these rules could be applied to the UK, so watch this space.

Advertisements

Why the Europass is bad for your career

Europass is a European Union (Directorate General for Education and Culture) initiative to increase transparency of qualification and mobility of citizens in Europe. It aims to be a “Lifelong Learning Portfolio” of documents containing the descriptions of all learning achievements, official qualifications, work experience, skills and competences, acquired over time, along with the related documentation.” (Wikipedia)

The Europass was invented by a European Commission directive in 2005 with the very best of good intentions. Unhappy with the prospect of there being a part of their citizens’ lives they were not intimately involved in, the bureaucrats decided they should re-invent the wheel and do their bit for cross-border mobility at the same time by creating the Europass CV. This is what it looks like:

We’ll be looking at the Europass in just a minute but right now I feel I should make something clear and state my political standpoint on Europe. I love Europe, I like its people, its culture (food) and generally enjoy meeting people from other European cultures and comparing how some things we do are the same and how some things are different. I see my European neighbours as distant cousins who I am always pleased to see. However I fundamentally disagree with some elements of the political construct that is the European Union, and for me the failure that is the Europass and the damaging effect it has on its user’s career chances in London only serves to increase my disenchantment.

The Europass is now common for developers from Portugal, Spain, Italy and Greece. Interestingly the French largely ignore it, as do most other northern Europeans. It is also rare from Czech, Polish, Hungarian and Romanian developers.

So here are the reasons I have identified for why the Europass is bad for your career.

THE PROBLEMS

CV template wizard

The Europass is created by a CV template wizard that you add your details into it and it creates your Europass for you. The problem with this is that its takes responsibility for formatting away from the candidate, and as there does not seem to be an edit option (or rather people don’t use it) what you get is a badly formatted CV with the kind of mistakes you would never get in traditional CV. Take this example:

Here you can see that the education section – in this case as the candidate is a fresh graduate, the most important part of the CV – is split across the bottom of the first page and top of the second page.

Warped Priorities

Another sign that this is document was designed by someone who does not use a CV is that you get very warped priorities. Take the example of the graduate’s CV, surely their education should take up the majority of space on the page and be the most prominent part of the CV? Instead the education section is insufficient, and too much space is devoted to part-time jobs, often making it look like I’ve accidently received a waiter’s CV. With senior CV’s there is often not enough space dedicated to actual experience.

Here only the parts within the red boxes are useful information, as you can see about half of the page is wasted space. The whole left hand indentation thing is also completely pointless.

So not enough useful information, badly formatted and a document full of wasted space.

Poor quality job descriptions

The descriptions of the applications that you have built are the most interesting information that a developer’s CV should contain, yet invariably the Europass CV falls short in this requirement. Take this typical example of a job that this candidate had for 2 years:

Developer and analyst in a wide range of IT projects, typically application development projects. Functionally there projects were implemented through different industries, such as Government and Mail;

Requirements analysis, analysis, design and implementation of features;

Preparation of documentation”

Believe it or not, this doesn’t tell me anything about whether this candidate is going to be right for one of the roles I have. Each job you have had should be described in this format:

• Describe what the challenge was that the team was addressing,

• then describe what the solution to that challenge was (including main technologies) and then

• describe what part you played in that solution

So if the role of a CV is to show the reader that you meet the criteria for the role they are looking to fill and get you an interview, this document is a failure. If you think that just giving a tech stack and the relevant dates or that your CV just has to “look right” and you will get an interview on the basis that you “might be right” for the job you are mistaken. The London IT market is extremely competitive and candidates with ambiguous CVs get rejected because there plenty of better CVs to choose from.

Here is a list of other reasons why the Europass is poor quality document:

Career history often in the wrong order

The career history should start with the most recent job first, so that the reader can instantly tell what company you have most recently worked for.

Annoying boxes

A result of the template wizard is that when the document is converted to Word format you end up with a myriad of lines and boxes in the background which makes it harder to read.

Cr@p logo

.

.

.

Seriously. Look at it. This is a professional document that might well determine the course of your career, do you really want that yellow man thing prancing about the top of your CV?

Passport photo

There is actually a lot of debate about whether a passport photo should be included on a CV. I don’t think it should, in my experience people look a bit silly in these photos and that will not help you get a job.

The language box at the end

It’s too big! Your CV should be written in English for the London market, and I’m guessing you can speak it fluently otherwise you’re going to really struggle get a job in London. I can also guess you speak the language of your mother country, and if you speak any other languages you can put that in a short sentence at the end (along with any qualifications you have in it). Too much space is taken up by something that can be covered by one or two sentences.

“social skills and competences” section

There is a whole section dedicated to “social skills and competences” – was there ever a box so obviously contrived by someone who doesn’t understand how the real world works? Think about it, what objective information are you meant to put in here? I don’t think even the most honest socially-inept developer is going to come clean in this section, it just begs the question.

In summary the Europass does nothing positive for the individual and the poor quality of the document damages the candidates chances. If you want help with re-writing your Java developer CV get in touch and / or you can read my blog “how to write the perfect java developer CV” for more tips.

What is wrong with these people?

I was reading the front page of CityAM this morning and new head of the FSA FCA Martin Wheatley has said he will take a “shoot first and ask questions later approach to regulation”.

What is wrong with these people???? Can’t they see that the current level of regulation is stifling the national economy? The financial services  industry drives London’s economy, London’s economy drives the rest of the county, ergo we need to be super-charging financial services not appointing swivel eyed bureaucrats to heap more red tape on our struggling recovery.