




|

Vol 7, No 11, December 2008
Dear Hiring Manager:
There's no doubt that the current economic crisis has
created a "fasten your seatbelt" mentality for
everyone — employers and
employees. That extends to hiring as
well, even though it's more critical than ever for
companies to have top talent to grow during
tough times.
This month, we give you four strategies to sharpen
your recruiting. These will help you get the "A"
players you need, solidifying your stability for
now and your growth in the future.

Betsy Harper
Managing Partner
Sales and Marketing Search
|
The Devil You Know...
|
There is nothing that puts me in the holiday spirit
quite like blasting my CD of Handel's
Messiah in my car. (Best recording ever —
Kathleen Battle and Samuel Ramey with the Toronto
Symphony.) Cruising down country roads on my way
to the office, I am listening to the glorious,
otherworldly choirs of heavenly angels at full blast.
But lately, instead of basking in the glories of these
angels, I am truthfully thinking about devils!
Specifically, I am thinking about what I call the
"Devil You Know" mentality that I am starting
to see hiring managers and candidates adopt.
Here it is in a nutshell:
The tougher the economic times, the harder it is
to recruit top talent because many employees
will stay with their current employer even
though they may be tremendously unhappy. And, as
the world becomes more and more uncertain
in its economies and its security, unhappy employees
tend to opt for the security of their situation
over the risk of a new one.
Further, managers who are unhappy with their
employees will keep those employees longer for fear
of not being able to attract and recruit replacements
who will perform better.
Growth in Spite of Tough
Times
This thinking can seriously affect your ability to grow
your team and your company. However, although it's
hard to find in the daily paper, there are
companies out there who are growing and
looking for top talent.
And where is that top talent now? While
there's no doubt that the downturn has increased the
candidate pool because of lay-offs, don't kid yourself.
The top talent is still employed. But the good
news is (depending on which side of the fence you're
on), they can still be recruited out. (As evidence, at a
recent holiday party, I listened to the lament of one
CEO who has just lost his #1 salesperson. He was
recruited out by the competition. Ouch!)
Sure-Fire Strategies to
Beat the Devil!
Below are four important strategies that you can
easily implement to ensure you get that top talent you
need right now.
- Tighten the Time to Hire. More than ever
before, time can be your enemy. With every three
hundred point loss or gain in the Dow (I can't believe
I'm writing this!) your candidates may be getting
even more reluctant. Make sure you have a
short schedule for the recruiting process. In this
market, that should be between four to six weeks
maximum after you have identified candidates.
(For more hints on this, read what we wrote about Fred and Ginger and
timing in the hiring process.)
- Understand Your Candidate's Motivation to
Change Jobs. Make sure you understand
fully why your candidate wants to leave his
current employer. Get to the bottom of his motivation.
(Hint: it's usually not about the money.) A good
question to ask is, "What's not happening for you
at your current employer that is motivating your
potential move out?" Then, sit back and
LISTEN to their answer. (If you are using a
recruiter, this question should be fully vetted by them
and there should be no surprises at the end of the
process.)
- Sell Your Opportunity. That's right! Tell
your candidate why now IS a good time to
come to work for you. Paint a picture of the
opportunity that exists now and what the future will
look like for him. If there are strategic plans for
dramatic growth, share these strategies in your
interview process. Give your candidate the big
picture.
- Sweeten the Pot. Go the extra mile in
putting together a compelling compensation
package and additional "sweeteners." This may
mean, for example, stock options, an accelerated
bonus plan, or compensation guarantees for the first
year to
ameliorate the risk on the candidate's part. Or, if
it's not a senior-level position, use extra vacation,
extra
personal time, or even a small signing bonus
(yes, they're back).
Use these strategies and they will go a long, long
way towards sealing the deal and getting the talent
you need, no matter what the economy. Because
remember, now more than ever, the "B" team isn't
going to get you where you need to go!
|
|
What's Your Favorite Holiday Tune?? Sing For Cookies!
|
|
Come on! Everyone has a favorite holiday tune.
What's yours? The third caller to call me at
978.921.8282 x202 and hum a few bars of their
favorite (possibly "Santa
Baby"?), gets a Dancing
Deer fresh baked holiday cookie assortment. Or,
if you'd like, we'll even have that shipped to your
favorite little Santa's elf. (Don't forget to leave your
name, location and phone number!)
|
|