May/June
2002
Poverty
in the midst of plenty
DESPITE
HIGHER JOBLESSNESS, TOP TALENT REMAINS ELUSIVE
DURING
THE HIRING FRENZY of the late 1990s, corporate recruiting
often fell victim to what newsletter publisher Peter D. Weddle
calls the “round peg syndrome.” As long as the
peg was round and smaller than the hole, it didn’t matter
how well it fit.
The online
job boards, with their millions of résumés,
were especially good at producing round pegs. Hungry recruiters
and researchers would log on at two a.m. to harvest the nightly
crop.
Today,
with jobless claims remaining at or near ten-year highs, Weddle
asserts that it is “inappropriate and dangerous”
to settle for the merely adequate. Not hiring the best employees,
he says, “undercuts an organization’s performance
in a very unforgiving economy and opens the door for competitors
to recruit the outstanding performers who were overlooked.”
He is
exactly right, and companies and institutions everywhere should
set their sights on finding what Sanford Rose Associates calls
the “people who make a difference” in their employer’s
performance.
Herein
lies the rub: It’s easier said than accomplished.
If one
were just looking for bodies (provided, of course, they possess
some particular skill, educational degree or whatnot), the
job boards might be a start. But as more and more job-seekers
flood those sites (some from half-way around the world), clutter
increases at a corresponding rate while utility declines.
Everything begins to look alike.
Larger
companies, of course, post jobs on their own websites –
with résumés dumped directly into applicant-tracking
software, which does an awfully good job of organizing and
storing data but can’t pick that star individual with
the right brainpower and personal chemistry to lead the organization
to new heights.
In
search of Ms. or Mr. Right
Where
is that individual? He or she may be out of work and pursuing
those proverbial “other opportunities.” For example,
if your company seeks a new CEO, get in line to contact Rick
Belluzzo. He’s the ex-president and COO of Microsoft,
who recently announced his intention to leave the company
after only 14 months on the job, reportedly due to philosophical
differences with boss Steve Ballmer.
On the
other hand, it is statistically far more likely that the perfect
fit for your organization is more or less happily employed
and not presently seeking new opportunities. Accordingly,
his or her résumé is unlikely to be in general
circulation. Smart employers, particularly those who have
trimmed corporate fat and are operating lean and mean, realize
that “keepers” need to be kept and therefore are
more sensitive than usual to their best employees’ morale.
And, if one has a decent job and the added bonus of even being
appreciated from time to time, why take chances in today’s
economy?
Executive
search consultants, of course, make a living from knowing
how to find needles in a haystack. Sanford Rose Associates
tries to take a lot of the guesswork out of recruitment with
a rigorous profiling process known as Dimensional SearchÒ,
which gets beyond the limitations of typical job descriptions.
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