GMAC Needs YOU! (And $4.5 Million)

by Robert Farago

Published: March 21st, 2009

There’s a lot of talk about Cerberus’ favorite automotive and sub-prime housing lender—sorry “bank” relocating to Charlotte, North Carolina, where CEO Al de Molina hangs his hat and, presumably, shelters a chunk of his $11.6M annual compensation. Hey, see it from Big Al’s perspective: Congress’ desire to kill the corporate jet market in the name of populism means GMAC’s main man can’t commute to Motown in a Gulfstream anymore. Or see it from Charlotte’s perspective: they’re happy to lure the $6 billion federal bailout queen with a $4.49M grant. WHAT? Not even a “loan”? Wow. Desperate times, eh? Anyway, Detroit’s loss could be your gain. Here’s how [via WCNC.com]:

CHARLOTTE, N.C. — Job seekers hoping to land one of 200 new positions at GMAC Finance are being directed to the company’s website, officials said Friday.

GMAC, which already operates a corporate office and a call center in Charlotte, is expanding its business into retail banking and will hire the new employees over the next two years, company representatives said.

Online applications have become common for large companies, according to Rick Sears, an executive recruiter who has worked with several Fortune 500 companies, including GMAC.

“They’re probably going to get 30 to 40-thousand applicants in the Charlotte-area alone, so they have to automate that.”

Sears offers several suggestions on how applicants can stand out among all of the job seekers completing the online forms.

Applicants should note industry jargon and similar words which are included in job descriptions and plug the same terms into their résumés, Sears said.

Companies often search for the keywords in sorting through applicants, using computer software and low-level employees, he said.

Incomplete applications are typically discarded, Sears said, so it’s important to make sure every field is completed.

An exception would be applications which ask for social security numbers. Sears said applicants should never provide a social security number on an online application.

Finally, Sears said a follow-up call or e-mail is encouraged.

“You have to show assertiveness that you really want this job,” he said, adding that applicants should not be overly aggressive.

While GMAC does not offer any direct contact information for hiring managers on its career website, Sears said you can often find executives on social networking websites including Facebook and LinkedIn.

Robert Farago

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2 of 5 comments

Carguy64 on Mar 22, 2009

they just should of gave us the bailout money amongst all of the taxpaying citizens and we'll decide who gets what with "our tax dollars" either way, they'd get the money back sooner or later and we'd would be out of debt, the banks would more money because we'd would go out and spend again!

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Jerry weber on Mar 22, 2009

We know that chrysler and gm need GMAC to fuel the fire sales. Someone must step up to the plate and float the 0% loans for 7 years that make the payements low for the detroit iron. It is oh so ironic that the more the discounts, the worse the cars do on resale value. It is this single most important thing that is ruining the Detroit play book. Bad resale values and residuals cause a need to double down on discounts and low interest rate finanacing for the new units. It is a viscious circle that the Detroit builders have been mired in for decades.

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