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| · How
to Achieve Effective Professional Selection?
Recruiting the right people is probably
the most important factor and most difficult challenge for
all successful businesses. Review the following check list
to develop your “winning
team”.
- Before devising a “Job Spec”,
spend time in confirming the real purpose of the role.
- The key challenges, not the
routine duties, represent the “added value” contribution
to the business.
- Always consider internal applicants and actively encourage
career progression.
- Don’t make the mistake to recruit in isolation
of other factors – ensure that the new individual
/ role provides positive synergy with the rest of your
team.
- Assess realistically the time and resources required
to conduct the recruitment campaign.
- If you decide to use a professional
recruitment firm, make sure they “earn” their fee by providing
a comprehensive service – so that they do the pre-selection
work, not you!
- Remember, recruitment is a two
way process – you
will need to sell yourself and the company if you want
to attract the upper quartile candidates.
- Get a clear verbal acceptance before sending out an
offer letter.
- If you don’t receive a clear, unconditional acceptance,
consider the alternative merits of your 2nd choice candidate
who may really want the opportunity – genuine desire
is a key issue in successful recruitment.
- Finally, remember that recruitment
is only the first stage – organise induction training
and put mechanisms in place for regular review of progress
and career development.
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| · How
to Attract And Keep The Best People?
The single biggest issue today for
most Directors or Senior Managers of businesses which aspire
to out-perform their competitors is the competition for
talent; and this does not only mean recruiting but also
retaining and developing the ‘best’ people.
As Warren Bennis observes in his
book ‘Old Dogs,
New Tricks’. “Today’s leaders must not
only have the stature to attract top talent – they
must have the character to retain it. Talented people have
options. They can walk out of the door at any time to go
to a competitor or to become a competitor. In this environment,
leaders do not automatically command respect. They have
to earn it.”
The pool of top talent is, by definition,
very small. Strong technical proficiency is only one ingredient – what
marks out the ‘best’ is that elusive spark to
make things happen, to turn strategy into results, to inspire
and lead colleagues to achieve challenging corporate goals.
To attract the ‘best’ in
the first place, you need to be flexible and effective
at all stages of the recruitment process. The most successful
companies are becoming increasingly innovative in their
methods to woo talented people.
2 examples of this include:
a) Selling the prospect not only
to the targeted individual but also their spouse / partner.
This is often backed up with hard cash – accommodating the “other half’s” needs,
for example, through a one-off five thousand pounds input
to fund that long dreamt of MBA can be viewed as money well
invested. In other words, more employers now recognise the
need to tailor arrangements to suit an individual’s
overall life / family situation if they wish to attract
the best.
b) More employers are now using
current staff as ambassadors and potential recruiters.
A direct, positive recommendation is often far more powerful
an inducement than any amount of corporate marketing.
Think of it, would you be more likely to go to see a film
a friend says “you must see” or
which you have seen advertised on a billboard?
c) For such successful direct referrals,
figures of £10,000+
per hire are becoming increasingly common.
But, remember, attracting talented individuals is only
the start. For these people to realise their fullest potential
for the benefit of your company, you need to nurture their
talent and listen to their individual needs. Put another
way, if you are not in regular dialogue with your high performers
you need to wake up to the fact that your competitors, and
search firms, certainly are!
One of the tricks is to ensure
regular personal reviews, not only of current performance,
but also to identify what will keep them motivated – then
to do all you can to deliver.
Keep in mind that money is not
the only motivator – in
fact, high performers tend to take for granted they will
be financially well rewarded! Key additional factors which
make high achievers tick are likely to include: recognition,
empowerment, new challenges, opportunities for personal
development, ability to make a real impact on the business
and work – life balance.
In conclusion, you need to invest
in your best people – that
way you are much more likely to win loyalty from them and
create a community of talent and high performance that will
maintain your competitive business advantage.
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| · Interim
Managers – Added Value Or Expensive Resource?
Well, the answer, as with many things in life, is that
it all depends! On the one hand, an effective Interim can
have a critical impact in salvaging a business or lay the
core foundations for sustained success; on the other hand,
the wrong person can go a long way to killing off a business.
An Interim Manager should be viewed as a highly skilled
turnaround specialist and not be confused with a glorified
temp; an appropriate need for a true Interim may include
some of the following critical business scenarios;
- A corporate rescue bid.
- Change management programmes, involving re-structuring,
business re-engineering or possibly an acquisition or
disposal.
- Specific expertise during a defined period, such as
the life cycle of a single major project.
- Holding the fort while you look for a senior key replacement.
The Interim market has certainly matured
over the last 2-3 years. However, without slipping into
the temptation of too much direct selling of Morgan consultancy,
many of our competitors still do little more than read CVs
and pass them, and the Interim, on to the client. We are
pleased, but not altogether surprised, that we have managed
to become a strong service provider to this market.
The fact is an effective Interim
is a rare beast with a number of finely tuned skills:
a proven track record of change management to cut through
issues and deliver lasting results – in a word,
a trouble-shooter. To achieve a positive outcome, there
are several things that both you and the Interim need
clarifying right from the outset.
- A clear understanding of the nature of the business
issues. There is no point at all in trying to gloss over
or hide some of the real problems or difficulties.
- Agreement as to the strategy
required to achieve the brief – this includes
level of resource available, time-scales etc .
- Establishing the working relationship between the Interim
and key members of the Board - a strong partnership must
be formed.
- Up front reality check – often to achieve real
positive ‘change’ there will be plenty of
shorter term headaches. For example, it is likely people
will leave, whether encouraged or not, and so you need
to have factored this into the brief.
- An effective Interim will need
to be given significant executive authority to succeed.
You need to empower them and this means putting a high
amount of trust in the Interim’s
capabilities.
- Know the end game; the results should be entirely clear
and measurable.
- Don’t be swayed to retain the Interim after the
key brief has been achieved; remember, one of the key
skills of an Interim is to move in fast and make a defined
contribution – the career manager plays a different
role and has different skills.
So, how much do they cost? Whilst there is no fixed figure,
typically a proven Interim will charge roughly double the
pro-rata salary of the equivalent career manager. However,
when you bear in mind the many indirect costs of the full
time employee, including car, pension, healthcare, training,
holidays etc, then the real difference in cost is not great.
It is also worth bearing in mind that the cost of an independent
Interim represents a small fraction of the charges by a
management consultancy outfit.
So, hopefully the point should have become clear that a
skilled, effective Interim used appropriately is worth their
weight in gold, whilst the wrong choice is not only a waste
of money but may also leave a legacy of lasting damage to
the whole business.
If you are considering needing
to utilise the skills of an experienced and proven Interim
Manager,
please contact us on 0845-330-0240.
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| · Recruiting
The Right People; Focus On Practical Intelligence
A common mistake managers make when recruiting
key employees is to concentrate too heavily on qualifications
alone.
A better approach, in addition to purely acknowledging
an individual’s “badges”,
is to focus on their experience, approach to business tasks and key
achievements in their career to date.
To lend support to this premise, consider the fact that ‘A’ level
results have improved year on year for the last 20 years at a time
when business leaders have never been louder in their protest that
young people increasingly lack the basic skills to succeed at work.
A recently published study conducted at Yale University links success
in the work place primarily with an individual’s level of “practical
intelligence”. Surprisingly, perhaps, their study goes as far
to suggest that practical intelligence, which predicts success in real
life, frequently has an inverse relationship with academic intelligence.
The Yale research team back up their findings convincingly by listing
a large number of prominent entrepreneurs and those who have built
large business empires from scratch who possess few or no formal paper
qualifications.
So, what lessons are to be learnt?
Certainly, it serves as a timely reminder to all of us as professional
recruiters to look beyond the stereotypical assumptions of each individual’s
worth.
As well as purely looking at academic intelligence (IQ), experienced
HR professionals have for some years now used personality tests to
measure an applicant’s emotional intelligence (EQ) to aid the
selection process. This obviously has it benefits, providing at least
some indication of abilities such as motivation of oneself and others,
understanding and empathising with peers, avoidance of mood and stress
swings which can swamp the ability to think and perform etc.
But this new focus on the importance of “practical intelligence” acknowledges
the reality that not all real-life or work-based problems are solvable
with a combination of academic and social skills alone.
Perhaps the most valuable and sophisticated interviewing tool to meet
the needs and challenges presented by business today is CBI – Criteria
Based Interviewing. CBI is an interviewing technique which aims to
delve into an individual’s approach to a task, how they would
go about solving a problem etc.
It is interesting to observe how often the “best” candidate
has not necessarily covered all the areas within a new role. Rather,
it is their assumed approach of how to tackle new issues and challenges
in ways most likely to achieve desired business results within a specific
environment or culture which clearly differentiates them positively
over and above the other candidates. It is important to note that different
business situations and cultures need different approaches.
So, to identify accurately the best and most appropriate approach using “practical
intelligence”, the question needs to be: “In such a situation,
how would you go about……….”, not “tell
me what you have done”.
In today’s business world, we need to start looking at companies
in a completely different way – seeing them as places where a
large number of problems are being solved all the time and where it
may take new eyes to deliver positive solutions using an innovative
fresh approach.
As such, we need to be more creative in our approach to recruiting
and selecting professional people. We need to focus on the level of
an individual’s “practical intelligence” based on
their relevant track record of success allied to how well that same
individual would approach key challenges in your business going forward.
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