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Acquiring Human Capital

 

Employment Topics

 

January, 1998


Some Food for Thought from the Past Five Years


WITH THIS ISSUE, SRA Update begins its sixth year of publication. Subjects covered in the past five years have ranged from employment offers to counter-offers, from choosing a search consultant to selecting the best candidate, from employment law to reference-checking – and more.

Changing times have dated some of what we said. (In May, 1993, an Update referred to the "vast number of unemployed and underemployed people," hardly the case in January, 1998.) Other comments remain as true today as when they were first made.

Below is a brief selection.

You Can Make a First Impression Only Once

In January, 1994, we noted that on-site interviews are often accidents waiting to happen and suggested that many could benefit from better planning:

"Whether the candidate is being considered for company president or design engineer, an on-site visit usually presents the first opportunity to ‘touch and feel’ a prospective employer. It takes but little work to make that occasion a pleasant one, and attention to detail can make all the difference between disaster and success… The point, quite simply, is to make your guest feel like a V.I.P."

Thinking Outside the Box

Organizations often want to clone their people, but sometimes a fresh perspective is best. Our March 1996 issue reported on the merger of two regional banks, and the resulting need to build a new image.

"This task would be the direct responsibility of the Director of Marketing, and the [new] institution’s search firm successfully sought that person not from the banking world – but rather from the marketing organization of a major consumer products company. The last thing the employer wanted was to create an advertising and public relations program that would make it seem like just another bank."

Recruiter-Proofing Your Organization

In July, 1996, we noted that the "lean machines" created by corporate downsizing had not resulted in the productivity improvements and renewed sense of employee commitment that many gurus had predicted. When morale is in the pits, employee retention is at risk, and recruiters begin to circle.

"Executive search consultants know that the most vulnerable people in any organization are those who believe they have a compelling reason to want to leave. It may be organizational instability, corporate politics, an insufferable boss, being passed over for promotion, not having a corner office or any of a dozen other grievances real or imagined. If headhunters can get at this information, why can’t your managers?"

The Problem with Résumés

There’s a mystique about the résumé that goes beyond reason. The résumé comes from academia, where it is called a "curriculum vitae" (literally, "the course of one’s life"). Employees keep them in their computers, ready to be printed or E-mailed on a moment’s notice. Employers insist on them and can’t imagine interviewing a candidate without one. In the May 1996 issue on the virtues of reference-checking, SRA Today took a more skeptical point of view.

"What job candidate has not walked on water, or at least parted the Red Sea? The normal modesty with which most people comport themselves flies out the window when they enter the job market. Résumés become shining examples of creative writing, with loyal foot soldiers in the corporate army morphing into field commanders. Candidates not only put their best foot forward, they also keep any embarrassing information tucked deep inside their pockets. Like political candidates, they seek to put the most favorable spin on their careers."

How Many Leaders Does a Company Need?

Leadership has been the organizational development buzzword of the ‘nineties. The September 1996 issue, however, pondered how much is too much?

"As in the tale of the three-legged pig who the farmer said was too good to be eaten all at once, companies may want to expand their supply of leaders a little bit at a time. The seeding of an organization with a few key leaders may be a lot more palatable than a wholesale upheaval of the management ranks."

"Why Should I Go To Work for You?"

The April 1994 issue observed that most companies have a standard list of features they mention in describing themselves to the outside world – for example, great product line, long history of profitability, friendly place to work, world-famous corporate art collection, etc. But should all the arrows in your corporate quiver be flung at a prospective candidate for employment?

"If your company markets widgets, you know that marketplace success depends on how well your widgets meet consumer needs. Likewise, [one of the keys] to recruiting success depends on how well your company’s intangible assets meet the needs of a prospective employee. Unless you understand his or her needs, however, it’s difficult to know which benefits to sell…

"By learning what turns [a candidate] on or off, you gain important clues as to how you can best present your company and its particular job opportunity. The local high school that sends its graduates to the Ivy League might be an important selling point to one candidate and relatively meaningless to the next. Similarly, a candidate who currently feels a lack of challenge may respond positively to a problem at your company – if he or she sees the opportunity to fix it… The skilled executive recruiter can often play an important role in ferreting out those needs that your company can meet."

No One Size Fits All

"Pay for performance" is another buzzword of the ‘nineties. In a list of corporate New Year’s resolutions (November 1995), SRA Today pointed out that no one compensation program is likely to meet the needs of all employees.

"What company wouldn’t like to encourage productivity and quality improvements, align pay more closely with business results, focus employee attention on the organization’s strategic goals and discourage worker expectations that they are entitled to automatic pay increases?

"Various forms of performance-based compensation may well provide the answer. For rank-and-file employees, annual or even quarterly rewards for the achievement of specific goals will have the most dramatic impact. At upper management levels, stock options and deferred compensation can be used to keep executives focused on long-range goals and consistency of performance over a several-year period."

Who Should Make the Employment Offer?

Search consultants and employers often struggle over the issue of who should extend the offer of employment to a candidate. But it’s not so much who makes the formal offer (which, for legal reasons, should generally come from the employer) as whether or not it will be accepted. The November 1997 issue explained why search consultants play a vital role in making offers stick.

"The dangers in do-it-yourself hiring are plentiful: Offers get extended in a vacuum, with little knowledge of the candidate’s probable reaction. Minor sticking points become major obstacles. The candidate’s sincerity may be in question. Small improvements that might make the offer too good to be refused are overlooked. And, last but not least, the candidate loses the advantage of an outside coach (the search consultant) who can guide him or her through the minefields of a counter-offer."

And from March 1996…

"Good people are hard to find, are often happily employed and cost money to attract. But if they can make a difference in your organization, they may well be worth their weight in gold."

 

 

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