Welcome to The Fordyce Letter:

The Fordyce Letter

Straight Talk for the Recruiting Profession


For Managers

“The Phone Rang…” The Classics of Planning & Organization



Telephone Keypad

This time when the phone rang, I knew who was calling. Benjamin was punctual and anxious to get started. During our last session, Ben and I had covered two of the five points in the Monitoring Star. We had discussed, in detail, Yearly Goals and Quarterly Goals. Now it was time to discuss the final three points of the star: The Daily Planner; Modularization & Blitzing; and The 100 Point Sheet. Once we finished with all five major topics, Ben would possess the necessary structure and monitoring systems so that he would be well on his way to achieving his recruiting goals.

Industry News

Jon Stewart Pokes Fun at LinkedIn’s Town Hall with the President



fordyce-default

The President came to California earlier this week to do a little fundraising and hold a jobs town hall meeting.

Neither of those were particularly noteworthy except that the townhaller was hosted by LinkedIn in Silicon Valley, with 80,000 people watching a live feed of the event.

During the hour-long meeting, Obama pitched his jobs bill, and fielded a variety of questions, most dealing with his plans to boost the economy, with others expressing concern about the future of Social Security and Medicare.

From a recruiting view, what was particularly interesting was the significance of the event for LinkedIn. If anyone had any lingering doubt that the business networking site was laser-focused on recruiting, the town hall meeting swept that away.

The White House hand-picked LinkedIn to host the jobs forum, at which the company’s CEO Jeff Weiner moderated. In a post-event interview, Weiner said, “We’re first and foremost very appreciative to the President and to the White House for recognizing the platform as a way to get the word out there.”

The San Francisco Chronicle‘s report on the event quoted a public relations consultant who called it “a coup of enormous value to the company and its brand.”

After Tuesday night’s bit by Jon Stewart on The Daily Show, that value may be just a bit less enormous. I won’t spoil the clip for you, but Ill tell you it’s hysterical, particularly the part about how LinkedIn “helps” people find jobs. Enjoy.

Ask Barb

Ask Barb: Nailing Down a Fill Date



Ask Barb

Dear Barb:

Clients always say ASAP; they hardly ever give me a target date to fill an order. How do you respond when they say this? I can’t force them to give me a date and yet I understand why this is important information. Any advice?

Jennifer B., Atlanta, GA 

Ask Barb

Ask Barb: No Offers!



Ask Barb

Dear Barb:

There is a problem in our office and I have no idea how to resolve it. We send resumes, get interview times, yet no offers. This has been going on for about four months and now my cash flow is running low. I can’t afford the team to continue like this. Can you help redirect me? I am completely lost and don’t know which way to go from here onward.

We have hot specs, we get interview times, but then our candidates are not offered, but some other recruitment companies do get the offers. I am trying to establish what on earth is wrong, what are we doing wrong, what do we need to improve? We need your advice.

Eva I., Johannesburg, S. Africa 

Social Media

The Die-Hard Phone Jockey’s Guide to LinkedIn



DHPJLI

If there was a LinkedIn war for dominance who would win? I believe that the greatest of the “Cold Call Sellers,” the most “Old School” and yes the die-hard Phone Jockeys are the ones with the greatest edge. We are the ones who have the most to gain from staking a claim in the rich land that LinkedIn has created in cyberspace.

I propose that LinkedIn is actually the current ultimate source of unstoppable leverage for cold call selling. This leverage comes from LinkedIn’s unique, revolutionary method of organizing and presenting your most rabidly raving fans’ boldest recommendations. We will also discuss the power of the small, free step of connection when building relationship to your prospects, and also the power of your LinkedIn profile as your most important marketing document (and most definitely NOT merely an online resume!). But our main focus will be unleashing LinkedIn’s power to build instant, overwhelming credibility to enhance our cold call selling success.

Relationships

Addressing a Corporate Recruiter’s Opinion of Agency Recruiters, Part 1



Closeup of human hands pointing towards business man

A response to the article written last week by Matt Lowney titled “What Drives Me Nuts About Staffing Agencies (and How They Can Work as a Better Partner)

I am an agency recruiter  — a Managing Director for a search firm in New York City. I have nearly twenty years of financial services executive search and consulting experience. However, I have previously worked in-house for a large investment bank managing a team of recruiters. I take exception to some of the content of Matt’s article, as I’m sure you do if you’ve read it. There are some truths but there are also some points that demonstrate a lack of compromise, responsibility, and professional courtesy on the corporate side of the table.

While I understand that there is a need for give-and-take in the agency-corporate relationship, I feel compelled to address Matt’s points on the canned pitches he receives from agency recruiters, in order to provide an opposing viewpoint for our corporate brethren to consider when complaining about the ‘relationships’ they have with us agency folk.

Part one today will address each pitch outlined in the original article, and Part two will address the follow-up items suggested to fix the broken relationship. My plan is to show where we, as agency recruiters, need to own our own faults, but also point out Corporate’s role in the difficulties that are often experienced when working with one another.

The Business of Recruiting

“The Phone Rang…” Goal Setting



Telephone Receiver

The phone rang. I answered. A new client started to unburden himself. His name was Benjamin. He was concerned about his somewhat anemic production in this sluggish economy. His was not an uncommon call these days. As the year begins to wind down, many of my clients are looking back over their production and, if substandard, are begging for help. Ben was one of these. He had heard me speak at a virtual summit and, since I was one of his favorites, was very excited about working with me. He had started his own firm eight years ago and had grown it at one point to ten recruiters. Now he had seven. His personal production had been as high as $550,000, but was now down in the $300,000 range. Technically, he knew how to do this business, but he had forgotten the ‘structure’ part of the equation. And so, Ben and I began by building the right foundation. We began with Goal Setting for the coming year. 

For Managers

Finding Transcendent Talent: How to Recruit and Manage the Best of the Best



AJennings1-08

The economy is perking up. Hiring is on the rise in corporate America. Recruiters and recruiting firms are flourishing and our clients are seeking transcendent talent to help them thrive today and in the future. Executive recruiting firms like Lucas Group are seeking that talent as well.

What constitutes transcendent talent? What professional and personal characteristics should you look for in high-performing recruiters? How do you recruit, manage, and incentivize top performers and help them become million dollar billers?

Over the last three decades in the recruiting industry, I have learned how critically important talent, cultural fit, and professional achievement are in our world. Below are a few of the lessons that I’ve learned in my career that have helped Lucas Group grow from a four-person shop helping military personnel transition into the business marketplace, to a major executive recruiting firm with offices in 15 cities across North America and successful recruiters working in every major industry.

Ask Barb

Ask Barb: Delivering Negative Feedback to Candidates



Ask Barb

Dear Barb:

I had a candidate go out on an interview for a Director level position. She is a person who has held similar roles in the past. The client had already completed a phone interview with her and was excited to meet her. After the interview with three separate people, the client was unanimous in stating there was no way they’d bring her into the organization.

Some of the things the hiring manager told me…

  • Her demeanor was odd, distant, dreamy, and she sometimes had difficulty focusing on the question.
  • There was a point of conflict between her and the hiring manager when he asked her to answer the same question three times and she always tried to answer a different question.
  • She lacked any kind of interview technique.
  • Bashed her former employers.

I spent about 45 minutes prepping her the same way I prepped two other candidates I sent to the same interview group. Those two are getting offers. If I present this as stated to the candidate I am sure she will just reject the feedback and become defensive. How would you go about delivering this feedback in a way that coaches the candidate and maintains a professional relationship between the candidate, myself, and the client?

Rebecca Y., St. Louis, MO 

Social Media

The Die-Hard Phone Jockey’s Guide to Social Media



die-hard phone jockeys

I’m not just a Phone Jockey; I am the proudest and most happily defiant of us. You may find this hard to believe, but I typically knock out five to six hours of actual connect time every day. Intense phone days for me head past seven hours, and an 8- or 8+ hour day is not unusual for me. Don’t misunderstand, I don’t mean total time working; I mean the time I’m actually connected on the phone. I really am a die-hard ‘Phone Jockey,’ and I always have been – dating back to the mid ‘80’s as a commodity broker, and then in years of contracting and telemarketing, and ultimately in my job of the past 24 years, as a consultant.

As a consultant, though, it took me almost ten years to arrive at my conclusions about phone time for recruiters. My first reaction to recruiters’ numbers identified no positive correlation between phone time and performance. In fact, I actually saw a negative correlation. Back in the 90’s, the best performing recruiters knocked out more placements at higher fees with less phone time than the less successful ones. So, when I heard the famous four-hour rule and then, upon asking for the data, no one had it, I became a true skeptic.

But, those were in the halcyon days of the great Bull Market, and I couldn’t realize back then that I what I was observing was absolutely a Bull Market phenomenon. I had to see the economy shift, and it took me until 2002 to be able to find my first data demonstrating that the recruiters who thrived in challenging conditions had dramatically higher phone time than those who washed out or simply struggled their way through. Thus, it wasn’t until I could sum up my new data in 2003 that I found my initial Bear Market faith in blunt, straight up, raw phone time as, for me, the ultimate measure of a recruiter’s real efforts. Since, I’ve come to believe that no other measure correlates more directly to the creation and sustainability of recruiting success. There are pros and cons to the measure, and I understand that. My position, however, is that when we understand it properly, no other measure is quite as powerful.

I guess that makes me a Phone Jockey twice. Once as a practitioner and then as a teacher and champion of the Old School rule of four hours per day. I prefer to think of it, though, as twenty hours per working week. More minutely, I urge that you master the art of being connected for all of 1,200 minutes per week. Then, returning to hours, I ultimately champion the 260-hour, 13-week quarter. While I’ve heard about the 4-hour rule since I first started serving recruiters, I’m unaware of any who monitor the 20-hour week or the 260-quarter with the same fierce faith and passion.

There’s one other Old School qualifier I must brag about. Up until 2009, I opposed and happily refused to engage in any form of social media. I viewed myself as the last 20th century man standing, and simply loved being the ultimate holdout against modern technology. I used e-mail extensively, but not without some very real resentment. I do recall back in the ‘90’s before I started using e-mail being on the phone with an industry leader in technology who wrote me off since I had the temerity to ask him how I’d get paid for the time I spent writing to people.

I must share a little bit with you about how I was converted. Not away from being a die-hard Phone Jockey, but rather into the addition of social media to my tool set – really, to my business arsenal of weapons.