The Recruiting Inferno

If you can't stand the fire at least appreciate the heat

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What do you know about Cost Management?

Posted by Steve on February 15, 2005
Posted in: Uncategorized. Leave a comment
One of my favorite online and hardcopy pubs is CFO magazine. If you’re serious about understanding the financial side of recruiting (and all of HR for that matter), I’d strongly suggest subscribing (it’s free). Each month carries an article about financial metrics – the easiest way to inculcate yourself into the good graces of your CFO is to understand what makes them tick and which metrics they follow. If you can “recruiterize” your CFO’s favorite financial measures, I believe you’re well on your way to making a stronger business case for what you do.
This month’s issue carried the results of a great survey on Cost Management and listed industries by the median Cost Management Index and ranks companies according to their ability to manage costs. The survey is based on U.S.-based publicly traded companies that reported at least $1 billion in revenue annually from 2000 to 2003. Companies were eliminated if they were acquired, went bankrupt, or if there was a lack of data. Additionally, change in revenue was included to highlight how firms manage costs within their revenue environments.
In all, 1,091 companies were surveyed based on data supplied by Compustat and other publicly available sources. The result is a ranking of companies in 53 industries according to their three-year Cost Management Index, which equals Cost of Goods Sold( COGS) plus SG&A costs (before depreciation and amortization) all divided by operating revenues.
When you read this, do you begin to wonder if recruiting cost management would also fall inline with the industries analyzed? I’m going to have to find out…and report back.
INDUSTRY                                                                 2000-2003 Average (%)

Airlines                                                                                  96

Distributors                                                                           96

Retail – Auto                                                                         96

Retail – Grocery And Pharmacy                                         96

Oil And Gas                                                                          94

Retailers – General                                                            94

Utilities – Natural                                                                 94

Computer Systems And Peripherals                              92

Insurance – Health And Medical                                       92

Retail – Specialty                                                                 92

Automotive Parts                                                                 91

Insurance – Property And Casualty                                  91

Metals And Mining                                                               91

Shipping And Transportation                                            91

Construction                                                                         90

Furnishing And Appliance                                                 90

Professional Services                                                        90

Retail – Apparel And Footwear                                          90

Factory Equipment And Machinery                                   89

Paper And Paper Products                                                89

Aerospace And Defense                                                    88

Apparel And Footwear Manufacturing                       88

Auto And Transportation Manufacturing                 88

Chemicals                                                                            88

Diversified Manufacturing                                                  88

Electronics And Semiconductors                                     88

Healthcare Services                                                           88

Household And Food Products                                        88

Median Of 53 Industries                                                     88

Building Materials                                                               87

Electrical Equipment And Components                         86

Restaurants                                                                         86

Containers And Packaging                                               85

Insurance – Life                                                                   85

Beverages                                                                            84

Investment Advisors                                                           83

Business Services                                                              81

Medical Devices And Scientific Equipment                    81

Printing And Publishing                                                     81

Computer Software And Services                                    80

Hotels                                                                                    79

Entertainment And Gaming                                               78

Media                                                                                     76

Telecommunication Services                                           73

Utilities – Diversified                                                           72

Biotech                                                                                  71

Consumer Services                                                            71

Credit Institutions                                                                71

Utilities – Electric                                                                 71

Pharmaceutical                                                                   70

Oil And Gas ? Drilling                                                         68

Tobacco                                                                                59

Commercial Banks                                                             57

Real Estate                                                                           55

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The Crazy Aussie

Posted by Steve on February 3, 2005
Posted in: Uncategorized. Leave a comment

Thanks Rob – getting far too many emails from folks wanting to know how to find the name of your dog. It’s definitely more challenging than it was finding the names of your kids – that was easy (the person who asked me wasn’t hired by BillCo).

But your challenge got me thinking and I’d like to share some thoughts with those looking for bowser’s name…

Are you absolutely certain Rob isn’t throwing a curveball? Afterall, he doesn’t know Christmas from Bourke Street. I mean, he is a crazy Aussie (who believes that Seattle reminds him of Sydney, meat pies are superior to Filet Mignon, and well, he probably drinks too much beer so you know where his judgment lies) and being that recruiters need to be aware of cultural issues, are you certain that he’s using the word “dog” in the same sense that us Americans would?

Are you certain he didn’t change his name from Macintosh to McIntosh when he crossed the border to the states because he found that the former was trademarked by Apple (as well as the Apple Growers of America)?

He’s playing you people, he’s playing you… wait until the ad agency in California takes down the mathematically inclined Google billboard and replaces it with the mug of our favorite crazy Aussie. “Don’t be a dog, find my dog” it’ll say…on the very same day he’ll wind up on Geraldo, Oprah, and the newsletter for the RNC as demonstration that our economy is growing.

That Rob is a sly one – remember, use your time wisely.

lol

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Are your emails working…or are they spam?

Posted by Steve on February 3, 2005
Posted in: Uncategorized. 1 Comment

Have two recruiting planning pieces I’m completing – one healthcare related, the other technology based. They’ll demonstrate some key strategic planning processes I go through, albeit in my head at this point – when I receive a new search. For you strategic planning junkies out there (that’s probably just you Russ – lol) , I’ll be referring to Michael Porter’s Five Forces Model as well as the venerable SWOT and PEST analyses. I know this sounds horribly academic but once you’re able to inculcate it into your recruiting brain, it will become second nature. The greatest benefit is that you’ll never run out of sourcing and hiring ideas – a bold statement but a truism.

In the interim, received a call from a friend who is sourcing those ever-vexing auditor positions (I’m being coy here because I promised the person I would not use their name). Discovered that that nearly 100 people were sourced by email and phone yet none took the bait. My RECRUITDAR was going wild.

Hmmm. let’s take a look at the email. Mind you, this recruiter has a tremendous track record in both boon and bust times and is a wildly successful recruiter. Nonetheless, my RECRUITDAR was telling me that this time of the year is hell for auditors – and she knew this, so any communication with them must be “special” (actually, communication needs to be special all the time). At the same time, received my friend Ari Galper’s monthly sales newsletter with an article about how most emails sent as intro are tediously boring and are almost instantaneously deleted. By the way, I strongly believe anyone out there who sells for a living (that would be recruiters) should subscribe (no monetary benefit for me) to both Ari’s newsletter as well as Jeff Gitomer’s monthly Sales Caffeine.

So my friend sends me the following email (I’ve changed some things to protect the innocent):

Subject: Internal Audit Role in NYC

Jack:

My company, GreatRecruiters, has been retained to fill a senior level Auditor role in NYC.  I have taken the liberty of attaching a brief position description for this newly created role that reports directly to the head of Audit for the entire company.  I am sure you are contacted daily about these roles in the current climate.   But in any event, any networking assistance is sincerely appreciated.  This is a great role for someone wanting to be a “bigger fish in a smaller pond” taking.  Please feel free to pass this along and contact me with any questions.


Kind regards,


Anita Job

etc.

Wake me up please! As if auditing isn’t somnambulant enough (jk), I’ll bet “Jack” read this, took one look at the audit software in front of him, another look back at the email, and decided that audit was better where he already was.

So let’s add some life to the audit email (reminds me of a currently running TV commercial about making accounts payable exciting again):

Subject: Jack – Please stop the audit for just one moment. Thanks!

Jack-

Not sure if you can help me, but thought you could possibly point me in the right direction.

Would you happen to know someone within Beloitte & Old  who would be interested in talking about a larger full-service audit role reporting to the Head of Audit?. Something like a “bigger fish in a smaller pond” but with less travel, more responsibility, and undoubtedly, greater compensation. Still in New York but at least the person will be able to enjoy the spoils of the city.

I’m with GreatRecruiters, a retained search firm comprised of former Big 6 (5,4,..) leaders and any help you can provide me would be graciously appreciated.

Warmest regards,
Anita, etc.


Better? More personal? A bit less sales-y? I’ll report back ASAP with results of how well the new sales-less emails do. Until then, think a bit more outside the box, ok?

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The Next Big Thing

Posted by Steve on January 24, 2005
Posted in: Recruiting, Uncategorized, Workforce Planning. Leave a comment

Another original ERE oldie – this one about the Workforce Planning…my, oh, my how slowly change marches on.

Is it LinkedIn? Don’t think so (although some people who read this might have an online recruiting coronary – considering I like these folks, that would be a bad thing).

Is it blog recruiting? Nah, although at a recent interview I was asked whether – or more accurately told, that blog recruiting is IT. Oh, really?

Is it a user friendly ATS that makes it easy – and quick – for people to apply for a job? Not yet although taking a page from Amazon’s ‘one click’ system would clearly be a paradigm shift in my mind.

How about an email system that screens out Nigerian scam artists (although I’m still waiting to hear from Barrister Donatus Okobi with some notification as to when I can expect $20 Million to be deposited into my account; after all, I did faithfully send him my Social Security Number and checking account number)? Nah, why destroy the national economy of Nigeria.

How about a new more intelligent browser from Google (again, cool stuff, but it will not radically change the way recruiters source and recruit)?

All of these might make it easier to find talent but only one thing can substantially ensure that will find talent – success all begins with planning (and sadly, often ends by NOT planning). Planning is not something that I’ve recently discovered – my experience includes high level enterprise planning (that changed the strategic direction of a Fortune 150 company), technology planning (completely revamped the technical focus while fueling a 100% increased in R&D funding), HR planning (pretty much from a personnel to human capital investment focus as well as within the functional elements of HR), and of course, recruiting (overall as well as on a search by search basis).

What all strategic planning processes have in common are most of the following steps (major steps are in bold; supporting steps are not):

  1. Identification of Vision and Mission
  2. An Environmental Scan (Look at Michael Porter’s Five Forces Model or a personal fav, the SWOT – strengths, weaknesses, opportunities, threats – model) analyzes information about external environment (economic, social, demographic, political, legal, technological, international factors), industry, internal organizational factors (looking for emergent issues that are learned or unintended)
  3. A Gap Analysis (Is Now versus Should Be)
  4. Benchmarking (What are others doing)
  5. Identification of Core Strategic Issues
  6. Development of Strategic Goals and Action Plans
  7. Evaluation of Strategy

Do you plan your attack before leaping into a search? Is it a formal document – perhaps a one pager – that can be used to evaluate the strategy after the search is finished? Or is your plan to leap before you look with results that occur more by chance than by calculated action.

The way I see it, it’s much harder to create an overall recruiting strategy if you haven’t created a search strategy for a single position.

I’m curious as to how many ERE people actually put together a formal search document – I’m not talking about a full-fledged position assessment like those developed by executive search consultants (I’m not forgetting those on the contingent side who do this too – they’re just too few and far between) – before diving into Google or posting on a job board?

If you’d like, email me a job that you may be having a challenging time with and I’ll post what I would consider to be a strategic recruiting plan for the position. It just may help you get past whatever roadblock you’re hitting.

0.000000 0.000000

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Dr. King

Posted by Steve on January 16, 2005
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I grew up during the civil strife era. My parents, one a direct immigrant the other one generation removed from Ellis Island, reared me to think openly, to treat people as I wanted to be treated, and to believe in the impossible. I remember the days JFK, RFK and MLK were assassinated by people who didn?t believe in the impossible.

 

Monday we remember Dr. King.

 

My favorite of all Dr. King?s speeches was the one he delivered at the Ebenezer Baptist Church in Atlanta February 4, 1968. It was entitled The Drum Major Instinct. I was only 8 at the time but my father – who had escaped the Nazi occupation of France, was befriended by his black classmates at DeWitt Clinton High School in New York City, and enlisted as an original member of the Tenth Mountain Division to fight in Europe during WW II – sat me down at passionately educated me about the Civil Rights movement.

 

Towards the end of the speech came the following:

 

?I?d like somebody to mention that day that Martin Luther King, Jr., tried to give his life serving others.?

 

?I?d like for somebody to say that day that Martin Luther King, Jr., tried to love somebody.?

 

?I want you to say that day that I tried to be right on the war question.?

 

?I want you to be able to say that day that I did try to feed the hungry.?

 

?And I want you to be able to say that day that I did try in my life to clothe those who were naked.?

 

?I want you to say on that day that I did try in my life to visit those who were in prison.?

 

?I want you to say that I tried to love and serve humanity.?

 

?Yes, if you want to say that I was a drum major, say that I was a drum major for justice. Say that I was a drum major for peace. I was a drum major for righteousness. And all of the other shallow things will not matter. I won?t have any money to leave behind. I won?t have the fine and luxurious things of life to leave behind. But I just want to leave a committed life behind. And that?s all I want to say.?

 

What does this have to do with recruiting? Perhaps nothing, perhaps everything. A few hundred Executive Orders and laws later, the employment landscape and the impact and role of recruiters looks nothing like it did forty or so years ago. The way I see it, recruiters are responsible for helping others find a road to purpose and self-worth.  Recruiters are on the front line of relationship building, responsible for selling a company?s message to someone who is seeking a message and working with hiring managers to understand the needs of progress.

 

Truly savvy recruiters are in some ways catalysts for change because in their positions they confront dynamic talent pools as they are impacted by social, economic, political and technological issues. Today, remember that Martin Luther King Day is not about the end of a three-day-blowout-sales-weekend-extravaganza but the celebration of the continuing change in the employment landscape. The road ahead is in many ways still uncharted and requires real leadership from our profession.

 

Are you ready?

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Making a website fun

Posted by Steve on January 10, 2005
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Adding personality (over just ‘best practices’) on your website tells the world about the kind of recruiter your are…
 
My friend Celia Brickerd is Founder and President of TEN-The Employment Network, Inc. Talk about a fun website (well at least to my caffeine-free, no-food-as-of-noon sense of humor)…
 
Check out staff links paying particular attention to Putnam and Ziggy. Also click on ‘contact us’ where you’ll see satellite maps juxtaposed over mapquest maps – www.globexplorer.com.
 
And she’s also a great legal recruiter.
 
[no monies changed hands in this post not even a single Krispy Kreme donut]

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US Military Code of Conduct

Posted by Steve on January 3, 2005
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Whether you agree or disagree with the United States’ position on the war in Iraq, at least be aware that members of the military have codes of conduct that flow directly from the concept of character. When you recruit for your organization, do you spend time thinking about what character is and why it is so important to individual and group performance? What do you do to assess the character of your organization or of the candidate being interviewed? Or do you just conduct behavioral interviews and leave fit to chance?
 
In any event, consider these Code of Conduct Articles that refer to a soldier’s conduct when captured during wartime – what do you think about them with respect to character?
 
ARTICLE I

I am an American, fighting in the forces which guard my country and our way of life. I am prepared to give my life in their defense.

 
ARTICLE II

I will never surrender of my own free will. If in command, I will never surrender the members of my command while they still have the means to resist.

 
ARTICLE III

If I am captured I will continue to resist by all means available. I will make every effort to escape and to aid others to escape. I will accept neither parole nor special favors from the enemy.

 
ARTICLE IV

If I become a prisoner of war, I will keep faith with my fellow prisoners. I will give no information nor take part in any action which might be harmful to my comrades. If I am senior, I will take command. If not, I will obey lawful orders of those appointed over me and will back them in every way.

 
ARTICLE V

When questioned, should I become a prisoner of war, I am required to give name, rank, service number, and date of birth. I will evade answering further questions to the utmost of my ability. I will make no oral or written statements disloyal to my country or its allies or harmful to their cause.

 
ARTICLE VI
I will never forget that I am an American, fighting for freedom, responsible for my actions, and dedicated to the principles which made my country free. I will trust in my God and in the United States of America.
 
[thanks Bob]

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Old Year + 1 = New Year

Posted by Steve on January 3, 2005
Posted in: Uncategorized. Leave a comment

It’s a pretty simple equation whose mathematical impact is powerful if one’s underlying assumptions are sound and whose practical impact can be far more powerful. For example, does the equation itself accurately describe the phenomenon? When I discuss the equation, are my results generalizable to everyone reading this blog (which I believe is currently seven people – lol)? (I’m thinking about the transition from 2004 to 2005; is everyone else thinking about the same transition?) Do the variables “Old Year” and “New Year” as defined accurately portray the constructs we know as “Old Year” and “New Year”? (meaning which “Old Year” am I talking about and is it the same one that you are thinking about?)

Non-mathematically speaking, 2005 should be a watershed year for recruiting. Charles Handler wrote a very nice article on what should be the hot Best Practices for 05. In a similar manner, rush over and read John Sullivan’s article on recruiting and talent management trends in 2005 (I hope that “Workforce Planning” at number three was just a casualty of John’s stream-of-consciousness when he was writing the article and not a reflection on which position it should be on the list).

I digress back to the equation; the way I interpret it, I see the practical implication as being one of moving forward – not just staying the same. Or as I like to say, If it ain’t broke, then you’re not trying hard enough to break it.

Take any of the Best Practices identified by Charles and John, and implement at least one of these. Move forward rather than embrace the status quo. Join and participate in the ERE groups (please – do more than just lurk).

Personally, I’m going to look at assessment issues, the recruiter-manager relationship, name generation techniques, and development of new metrics (incidentally, I’m in on a conference call this Friday with the fine folks at Staffing.org to talk about efforts to develop better metrics and staffing benchmarking). I’m also going to get my arms around the concept of character in hiring and doing my part to help others learn about developing and implementing a Staffing Plan as well as strategizing before leaping into a search.

Peace.

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Gift Card Advertising

Posted by Steve on December 27, 2004
Posted in: Uncategorized. Leave a comment
I’ve always beleived that recruiters have a firmer grasp of the state of the economy than say, oh, outplacement counselors. Having spent time in the industry – acquiring some pretty nice kudos from some and Grim Reaper cards from others – I could never understand why layoff reports function as economic harbingers. Of course, I know why folks like listening to those involved in outplacement counseling (OPC); when OPC is “down”, many like to believe that the economy is good. Conversely, when OPC is “up”, many incorrectly believe that the economy is “down.”
 
Yeesh! I think its time to replace the Grim Reaper reports with indicators from those on the front line…recruiters. Dave Opton of Execunet puts out his Recruiter Confidence Index – I’d like to see Dave and the ERE Gang combine forces to put out a series of recruiter confidence indicators that measure things a bit more objectively. Nonetheless, recruiters on the frontline are voices that should be heard as economic indicators.
 
And considering all the plastic gift cards I received for the Holidays, these too should be viewed as part of a viable metric. I’m sure retailers already track Dollars per Gift Card as a Holiday-to-Holiday span metric. But what if recruiters got hold of these gift cards and used them as recruiting billboards? Hey Deena Clarke and Kristin Ruckman – how about finding those store managers by advertising for them on the back of your Coldwater Creek and Eddie Bauer gift cards? Same thing for those Starbucks cards (although I much prefer just refering candidates and receiving free lattes in return – “Refer five viable candidates for baristas and receive your choice of beverage!”)…
 
Well, I’m off with gift cards in hand to fuel the economic machine. Any of you retailers looking for talent? I just may know a person or two…if I knew what you were looking for.

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Laptop vs. Desktop?

Posted by Steve on December 18, 2004
Posted in: Uncategorized. Leave a comment
It was a hot topic this week – teenagers and young men were told that they should keep their laptops off their laps because they could damage fertility. Apparently, laptops can heat up the scrotum which could affect the quality and quantity of men?s sperm. ?The increase in scrotal temperature is significant enough to cause changes in sperm parameters,? said Dr Yefim Sheynkin, an Associate Professor of Urology at SUNY Stony Brook.?
 
He continued, ?It is very difficult to predict how long the computer can be used safely. It may not be at all, if the testicular temperature goes up high within a very short period of time.? Furthermore, ?Long-term use may have a detrimental effect on their reproductive health.?
 
Sheynkin?s team studied the impact of using a laptop on healthy volunteers by measuring scrotal temperature before and after they used a computer on their lap (I?d love to read these peoples? resumes). The researchers discovered that even without turning the laptop on, scrotal temperature rose by 2.1�C when volunteers sat with their thighs together to balance the computer on their lap.
 
Therefore, all subsequent blog posts will be made while hanging upside down over my desktop. Apologies in advance for the spelling errors?

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