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The Fordyce Letter

Straight Talk for the Recruiting Profession


Jordan Greenberg

Jordan A. Greenberg is the president of The Pinnacle Source, Inc., a search and placement firm specializing in, but not limited to, the recruiting of sales/sales management talent for IT companies. He has been servicing this community, based in Colorado, since 1981. Contact him at (303) 796-9900, jordan@pinnso.com, or www.pinnaclesource.com.

Articles by Jordan Greenberg

Closing, Cold Calling, Entrepreneurship

Laser Focus Leads to Placements



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As demand for our search and placement services started to pick up late last summer, I decided to focus intently on one huge task; increasing the production on my desk.  I established new goals, blocked out all other peripheral responsibilities, and hunkered down to re-create a profitable business. Today I can report that my venture has been a huge success!

Those of you that run a solo practice know we all have the challenging day to day task of managing priorities. We have to determine if we truly have the right searches to fill, once we obtain them, and then must attack each placement opportunity with precision and efficiency. We must qualify diligently and seek immediate results without appearing impatient or testy. This process has required maximum focus, a willingness to learn from the challenges of 2009 and a dedication to what has, and always will, work in this awesome industry of ours.

The attention to detail on each search assignment is where it all starts, but often the other aspects of being a successful practitioner get overlooked. I am here today to say that if and when you put together a string of six months of approximately $50K in billings per as I just have, the resulting financial payoff makes it all okay.

Entrepreneurship, The Business of Recruiting

The Hidden Gems of Today’s Job Market



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I am an Executive Recruiter with 29 years of experience dealing with the ups and downs, the cycles – if you will, of the “American Economy”. But for the past year, or so, when I tell my parents that I have an abundance of employment (search) opportunities to fill, they are consistently surprised. Despite their extremely well-informed and educated business perspective, they assume that “no one is hiring’. The reality from an experienced, hard-driving headhunter’s point of view is that the truly valuable, hard-to-find asset in today’s job market is the qualified and well adjusted candidate.

Yes, it’s one thing for me to identify, recruit, and woo well-credentialed candidates to the interview table, but it’s a far more challenging task to persuade those gainfully employed prospects to actually change jobs in a risk adverse economy. Here is what this “hidden” job market is all about.

The Business of Recruiting

American Heroism in the 21st Century



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Recently, we celebrated Independence Day, so I feel inspired to write about American Heroes. But not the kind of heroes you might be thinking of. If you are currently employed as an Executive Recruiter, Executive Search Consultant, Headhunter, or whatever you prefer calling yourself, I am writing about you.

Instantly, I can conjure up three reasons to support the claim of heroism for third party recruiters.

First of all, you have overcome being one of the 5 million or so Americans to continue to file for unemployment reimbursement after the recession ravaged approximately 8 million jobs.

Secondly, you most likely earn your income through pure performance.

That’s right. According to results from the Survey of Search Firms owners I conducted at Fordyce Forums 2007-2010 as well as RMAR.org owner/operators, more than 2/3 of the headhunters in the United States of America with more than 2 years of experience do not get paid a base salary; at all. So, you are probably a straight-commission “sales” professional that has learned how to execute in an extremely challenging economy to pay your bills. If you make placements often against rigorous odds and multiple obstacles, you survive. Fail to find a client company willing to engage your services and then identify the ideal candidate for them, and you perish.

Uncategorized

How Did You Get That Job, Anyway?



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Every once in a while I get frustrated at the lack of respect and attention in our profession.

After all, the perspective that a third-party recruiter has regarding our national employment picture is unique. Headhunters, immersed in the world of jobs, interact with both the supply (candidate pool) and demand (employers) sides of the hiring equation for our livelihood.

Yet when is the last time you read a quote from any executive recruiter about employment trends or topics?

Then again, Executive Recruiters/Headhunters/whatever one chooses to call us, are, by definition, behind the scenes change-agents. Most hirers who choose to engage our services do so confidentially, especially at the management level wherein a superior may need to upgrade or top-grade a lower level in order to achieve better corporate results.

Certainly, gainfully employed candidates that “searchers” reach out to need to keep our contact completely secret from their current employers or be subject to immediate termination for having the appearance of seeking a better job.

Nonetheless, our accomplishments need not be diminished.

It is widely known that most CEOs in our Fortune 500 companies are either tapped (i.e., actively recruited) or recommended and evaluated by an executive search firm. But when is the last time a search firm got glorified for its role in the building of Corporate America?

Uncategorized

How Many Parties Does It Take to Score?



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No, not that kind of party, and no, not that kind of scoring either.  I am talking about placements!

No, no, no, not that kind of placement!! – I’m talking about headhunting.  What? Never mind…

Isn’t it interesting that we “executive recruiters” are often referred to as “3rd party “? In reality, we are the fourth, and yet in my professional experience, the most effective and impactful participant in the recruitment of critical talent for Corporate America.  So, we could correctly be referred to as the 1st party of this traditionally committee-based process.

For example, this past week I received contact via email and phone from three separate client companies indicating that they required my assistance in filling Software Sales positions.  In all three cases, this was music to my ears because the hiring authorities that reached out to me all recited the same plea.  They all had been searching for anywhere from three to six weeks via the web (LinkedIn, Ladders, their own networks, etc.) and had not come up with a winning pool of candidates that satisfied their specifications.

Alas, perhaps the demand side of the employment fulcrum is finally tilting into balance.  Maybe, as has been my perception, that layer of true “A” player supply, has been absorbed/hired by leading -edge firms to the point of creating real demand for headhunters’ services once again.

Indeed, one of the prospective hirers stated that they had not paid a fee, or contracted with a new search firm for about two (2) years.  Eureka! Hallelujah!  Well, not so fast.

In reality, I am privy to three cooperative parties that are all ready to rumble.  Me, my candidates (which I have already begun to identify) and the hiring authorities.

However, just one problem…and it is a big and real problem.

Uncategorized

The Art and Soul of Hiring Professional Sales Talent



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The interviewing and evaluating of sales professionals is a lot like raking leaves on a windy day in early November.

If you insist on trying to get every leaf into the bag, or uncover every last candidate in the available talent pool and scrutinize all of their credentials, the process will overwhelm you.

A process that can be truly enjoyable whether it be the freshness of autumn’s air or the dynamic interactions with engaging sales reps is often overlooked and deadened by analysis paralysis. Too often, my clients and countless others subvert their own intuitive powers and lose their ability to qualify individuals’ key characteristics, such as drive, desire (for their specific job opportunity), and focus because they are too concerned with the prospects’ resume, credentials, references, etc. as it pertains to sales hires.

Placing an emphasis on the “what” of one’s candidacy, as opposed to the “whom” only leads to superficial decision-making and detracts from genuine, honest communication.

Uncategorized

Highlights from Fordyce Forum #3



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As an attendee of all three “forums,” I feel that I am a well-qualified candidate to comment on the goings-on of this year’s recent event at The M Resort in Las Vegas.

To begin with, who says there is nothing good about a “bad economy?” Hogwash!

The past year’s financial downturn is, in part, responsible for the renewed energy, collective spirit, return to the basics of our business and an overall invigorating camaraderie that clearly characterized this conference and for me, set it apart from the other two years.

The whole event was charged with a soulful vibe of WE are all in this together.

So here’s to better times, but more importantly, here’s to the throbbing, no make that pounding or how about thriving heartbeat that was the essence of this Fordyce Forum and is the indefatigable power of the recruiting professional.

From the incredibly driven (but somehow balanced) and brilliant Barb Bruno, to the uniquely charismatic and effervescent Jeff Skrentny, to the myriad of marvelous speakers who spewed invaluable headhunting info to the crowd, this “tradeshow” had real class. Plus, the M Resort was an appropriately fine host, resplendent with state-of-the-art facilities, exceptional cuisine and yes, beautiful hostesses throughout the casino.

But back to the real show.

As I was saying, this one “felt” different. Maybe it was because Mr. Skrentny emphasized with his opening remarks for all us to benefit not only from the “experts on stage” but also from all of the attendees who invested their time, energy, and money to be there to network and connect. Or maybe it’s because we are all now forced to pull together on our end of the tug-of-war-rope so tightly to survive and succeed.

Either way, all I know is that everywhere I went, in every venue I found meaningful conversation, genuine smiles, helpful anecdotes, positive attitudes, and truly practical advice.

We came in all shapes, colors, and sizes; literally. And I came home with a dozen or more business cards, a split-fee partner or three, and a “Candidate Profiling Test” to complement my search services that I have already encouraged one of my new clients to implement.

Most important, I came home with a clear recognition of the strength, seriousness, savvy, resilience, and vision of our industry. I can so easily say that I am truly proud, no make that honored and humbled, to be a part of such a fine collection of human beings that make up the core the Executive Search/Staffing/Recruitment Industry.

Whatever your niche, do not miss this event in 2010!!! Fordyce Forum 2010 will be held once again at the beautiful M Resort, so mark your calendars for June 9-11, 2010.

One more formal thank you to Mr. Jeff Allen, whom we all benefit from every month in The Fordyce Letter. Not only does Mr. Allen pour his heart, soul, blood, sweat, and tears into the industry through his written contribution to TFL each month, but he took the time to organize the last (and maybe best) breakout session of the entire conference.

This “hour of power” is what Jeff was really talking about. It was called the Fordyce Forum Council and this event had no preset agenda nor was it dominated by one speaker. This session was truly interactive and revealed how mutually beneficial a group of committed professionals can be to one another. It was the essence of what we do at times like the 3rd annual FF, and at times when we need it most, it was learning, growing, and benefiting from one another at its best!

TFL archives

The Unheralded Value of Candidate Preparedness



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Logic dictates that, as executive search professionals, we should spend most of our time reading, writing, and thinking about being of service to the almighty client. However, we must not forget about educating the other ingredient, and the increasingly valuable half of our placement recipe, the candidate. To this day I have well-intentioned clients providing feedback to me after interviews that, although my heavily credentialed candidate was impressive and generally qualified, they are not going to pursue his candidacy because he was ill prepared.

A candidate’s lack of acute knowledge about your client company’s environment, coupled with poor closing techniques, will kill any potential deal regardless of the candidate-driven environment in which we operate today. Why go through all of the hard work (and unfortunately sometimes the brain damage) that it takes to “set the referral” – confirming a time and place for a prescreened, professionally recruited candidate to be interviewed by a bona fide, fee-paying client – only to hear that all went well, but “Curtis didn’t have any questions about our company when it came time for him to ask about us, so we will pass.”

So, in an effort to remove some of the uncertainty from our complex search and placement process, I have provided some tried and proven information for candidates to use before going on that critical first interview. As executive search consultants, we need to remind ourselves that, regardless of how excited we may be about the résumé and the candidate behind it, unless he or she is willing to take the time and do the work to prepare for the interview, our chances of a successful outcome are definitely reduced.

If a candidate getting ready for an interview looks at the meeting as a sales call in which he will be selling himself to the prospective employer, then the third-party recruiter who sets up the potentially lucrative meeting will benefit tremendously. And as with any other interpersonal event where one individual is attempting to persuade the other to embrace his/her position or product, one fundamental principle rules the interaction. The individual who has done the most work in preparation is most likely to win the desired outcome.

The good news is that today’s employment marketplace is flush with hot opportunities for talented personnel. But the elite companies revving America’s economic engine are much more critical and discerning hirers after the bloat of the 1990s and the tremendous market-cap hits they took post-9/11. So the majority of the high-growth firms adding personnel now have standards for and definitions of excellence that are specific to their needs, market niches, products and services, and even their culture.

Getting into the party for a potentially career-upgrading interview is increasingly realistic for strong performers. However, unless you have all the right moves, once inside, the bright lights will make you melt like butter. To pick up on the action a candidate covets, here’s what he/she needs to do to be put in a position of promoting one’s career.

First, accept the fact that interviewing today is less about performance and more about meaningful dialogue than ever. Therefore, professional job aspirants who prepare by researching the hiring firm via the Internet through websites, blogs, and newspaper articles will have a working knowledge of the company and its executives, enabling them to be more confident and at ease when eyes meet. Preparation will lead to questions. Candidates need to write them down and be ready to ask them at a second’s notice. It is fine to look at the meeting as a mutual learning experience, but if they do not have appropriate questions to ask, the interview will lack direction and positive interactive energy.

Candidates must remember that preparation is a multi-faceted approach. Knowing about your prospective employer without knowing what they are looking for in an employee is fruitless. Interviewees must acknowledge that the individual you are meeting wants to hire their best competitor’s top employee. If you start with that crucial notion in mind, you will begin to understand the psychological needs of the interviewer. If you do not possess the ideal credentials, the next best strategy is to convince the interviewer that you possess personal achievements that are truly relevant to his/her company. Be ready to blow your own horn in detail regarding those successes. Make an attempt to be specific about closely related responsibilities, accomplishments, etc. Remember, it’s your track record. If you are not ready to shout about it with compelling style while in an exciting interview, no one ever will be!

Once you have sold yourself to the prospect, if it is still unclear what the hirer is looking for, here’s the first question to ask. “Ms. Johnson, my recruiter did an excellent job of filling me in on your opportunity and I have uncovered some exciting research about your firm, but I always like to hear it directly from the executive’s perspective. Can you tell me please exactly what it is you are looking for in the ideal candidate today?”

What better way to qualify your interviewer and set the stage for an appropriate discussion germane to your mutual business interests? This question is also an excellent way to disarm the employer and take a little bit of the pressure off you. Inevitably, the tide will be turned and you will be asked some open-ended questions. Do not fall into the trap of trying to answer questions like “Tell me about yourself” without counter-ing the questioner on what it is about yourself that she would like to know. This again will help you to maintain some control, keep the interview focused, and most importantly, help you avoid the biggest mistake a career prospect can make. In my 26-plus years of experience as a headhunter, the objection I hear most often from client executives is that candidates ramble on and on, instead of providing a thoughtful, concise answer and shutting up.

There are several more ideas that a candidate needs to be aware of in order to be prepared enough to ace the interview, but none more important than asking for the order. What a shame and waste it would be to do your homework, review, ask revealing questions, state your relevant personal accomplishments, and have a positive inter-personal experience without attempting to ask for the job. And yet, as any grizzled recruiter can tell you, it happens all the time.

Whether the role to be filled and the candidate involved is an entry-level administrator or a VP of sales, most candidates have a hard time humbling themselves enough to ask another person what they think of them. Instead of figuring out why, just convince your candidates that they may as well forget about showing up for the meeting unless they possess the gumption to articulate an emotional close.

Two statements should suffice. First, candidates must ask the interviewer one final question. “How do I stack up?” is the simplest way to put it. Any question that enables you, as a job seeker, to qualify the hiring authority per the interview that is about to wrap up is fine. If you can pull out any concerns, that is even better. Address them as well as possible before moving to the real close.

Second, let the interviewer know that you are serious about joining his or her company and why. (If this is the case. If not, just thank the interviewer for his or her time and walk away a more enlightened professional.) “I just want you to know that I am excited about what I have heard today! I know that I would be an asset to your company because of my experience and passion for what you and your colleagues are attempting to accomplish in the near future.” Then it is important for truly motivated candidates to be specific about how they will contribute an immediate impact to the prospective employer. Last but not least, just say, “I would really like to consider an offer with your company.” And shut up. Whatever happens next will reveal more than a glimpse into the future.

These tips are beneficial for both the diligent search practitioner and aspiring job seekers. In the business of headhunting today, it is challenging enough to identify and attract a well-qualified candidate while there is a dearth of truly suitable supply. Enhancing that talent to shine in the interview setting is a touch of magic that we can realistically expect through our ability to provide preparation and encouraging interviewees to make the extra effort themselves. By so doing, we raise the stature of that candidate to A player, and all of our expectations for success.

Jordan A. Greenberg is president of The Pinnacle Source, Inc., in Greenwood Village, Colorado, and is a 26-year veteran of the recruiting business.
Jordan@ pinnso.com

TFL archives

It’s A Consensus; Be Careful



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In the marketplace I serve, my search and placement firm has the good fortune of recruiting for several smaller (less than 200 employees), fast-growth companies that are adopting a policy of consensus interviewing. The goals of the CEO’s instituting these policies are to reduce the amount of personal time he/she must invest in each new hire and to prevent their tunnel vision from skewing the make-up of their firm. In other words, if Mary runs the company she wants to avoid too much “Maryness,” and as the company develops its own culture her key subordinates should help acquire others that “fit” the unique chemistry of the company.

Those goals are meritorious and achievable unto themselves. But where many clients of mine, and I’m certain countless others, get themselves into trouble is by not realizing that by sharing the interview process they are also sharing the power of the whole company. Perhaps more than any other business activity, recruiting has become a high-profile responsibility because of the competitiveness of the talent market, the star-power some candidates possess, and the social nature of the majority of nascent firms. To delegate a portion of the interview process to a group of a chosen few is the clearest example of a leader’s willingness to empower select employees.

If you believe like most modern thinkers (or thought leaders like the recently departed, brilliant Peter Drucker) that a “participative management” style enables your company to endure and thrive, then consensus interviewing should be a core value. However, keep in mind that this multi-faceted, multiple personnel policy will have powerful ramifications that impact everyone and spotlight, in particular, the interviewers themselves. Despite the fact that it has become an honor to be a part of the elite team of “voting members,” the players need to understand the rules of the game that they have been invited to play in.

History teaches us that a CEO’s balloon of power needs to be strong for her to exude confidence and provide necessary vision. Sharing the helm’s power is an assertion of faith in the strength of the enterprise. But if that rare air is allowed to go to your key employees’ heads, trouble brews and the balloon will shrivel.

In a real-life example inside of one of my best clients’ environments exists two Sales Department Managers. When one department head wasn’t certain where a superstar sales interviewee was to fit into the organization and got a bit threatened by the candidate’s track record and earnings, he made the interview exceedingly tough and negative. The other Sales Department Manager took great offense to this treatment of his next coveted, quota-busting sales hire and the two Department Managers butted heads for days. Fortunately, calmer minds (and bigger wallets) prevailed and my client convinced the sales stud to join the firm once it was clear to whom he would report.

The bottom line is that these politically motivated misunderstandings will continue to happen unless the CEO establishes and articulates several ground rules for his or her consensus interview practice. My twenty-five plus years of experience as a corporate headhunter offers the following suggestion to any CEO/President/Owner/etc. who wants to consider it.

1) Do not put every candidate through a consensus interview process! Reserve your key team members’ time for “finalists” – preferably 1 or 2 per position, 3 max.

2) Remind your team that you, and you alone, still hold the final vote. Define their role – input yes, but veto power, no. If the whole team is adamant and provides substantial evidence to turn over your vote have the flexibility to change, but you call the shots. Obviously, as Chief Executive, if 3, 4 or 5 of your valued captains come to you with a specific concern or truly surprising feedback adjust your stance; that’s the value of the process. Remember that your department heads or key employees participate to help you cover your blind spots.

3) Limit your “team” of interviewers to a total of 5 (plus yourself) or less. Any more and the process becomes unwieldy, untimely, diluted, etc.

4) Keep your team consistent regardless of the nature of the hire. A “plug and play” interview team is an organizational nightmare.

5) Limit the amount of time each “team member” spends with each interviewee. Make it clear that you value their help, but that they have a job to do and interviewing is just one of their duties. This stipulation will help you avoid a heavy bias, positive or negative.

6) Inform your team about the following regarding the candidate before he/she arrives:

a. role within the org chart.
b. job description (brief).
c. reporting manager and department.
d. general compensation parameters.

7) Do not allow team members to participate in the consensus:

a. without providing the candidate’s resume.
b. if they are not well respected throughout most of your company. (If you are unsure, the answer is no).
c. if they do not understand how to position your company in its best light.
d. if they do not know what EEOC stands for.
e. if you have a gut feeling that they may be “looking” themselves.

8 ) If you employ a trusted HR rep/manager have him on the team, have him coordinate the interview schedules and, in some (lower level) hires, gather the feedback and funnel/filter it all to you.

9) Avoid peer to peer interviews, regardless of the level of the hire. Within my customer base, the size of most employees’ egos is only surpassed by their insecurity. Besides, why put a valued employee into a position of measuring and judging a natural, but external, threat to their corporate existence? If it is your opinion that the new hire should “sit in” for a half-day to see, hear and feel what the job really is, then do it after the interview process. You can always make the final decision to go forward contingent upon the “trial day,” but rarely will the consensus get overturned post-process.

10) Before the “team round” of interviews prepare your candidate for “the experience” by congratulating him on getting this far in the process. Let him know that he should feel good about the progress he has made by passing the first or second round of cuts of candidates and to prepare himself for a lot of intense interaction with your key players. Also remind him that each employee may have their own agenda and if he has any questions about what he perceives to come to you for the answers.

11) Review “the team” bi-annually. The pace of corporate life is too hyper to expect perfection or even consistency.

12) Smile! Realize that although this process is far from simple it’s a lot more fun and enlightening than trying to run your company like an old-fashioned Autocrat!

Jordan A. Greenberg has been an everyday search consultant since 1981. He is currently the President of The Pinnacle Source, based in Denver which specializes in representing IT firms in pursuit of Sales/Marketing and Management talent in Colorado phone #303-796-9900, website www.pinnaclesource.com……..Email-jordan@pinnso.com

TFL archives, The Radical Recruiter

The Best Action Is Often Another Question



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Once again, one of the “Golden Rules” in our business regarding the principles of a “Class A search assignment” has proven to be gospel. In my twenty-fifth year of headhunting I have become vigilant about qualifying the searches I will and won’t spend my ultra-valuable, only-thing-I’ve-got-control-of, straight-commission time on. However, every now and then I get snookered into working a Class B search because of the allure (see mirage) of a big, juicy fee.

In this case one huge factor that was missing from the key ingredients necessary for a Class A search was the direct, consistent contact with the hiring authority. Please consider that we are spoiled in my practice because of the “localness” of our activity. Approximately 90% of the several hundred placements I have made are the result of face-to-face contact with our clients and the candidates that we screen for such clients. So why did I continue to work on a VP of Sales search in which the client artfully dodged my request to visit every step of the way? Perhaps the chart below will justify my rationale, but in the end the truth always prevails.

WHAT WE HAD, WHAT WE LACKED

1) Reputable client company we had done direct contact (phone or face-to-face) business with in the past.

2) Written, signed, attractive fee agreement.

3) Adequate job description.

4) Marketable, acceptable compensation plan.

5) Accessible candidates with in our established network.

6) Sense of urgency to interview and hire.

7) Strong appeal for service client offers; “hot niche”.

It may be easy to understand why we worked on a search of this nature from the list above because we thought we had so much going for us. But ask yourself, what legitimate reason(s) could a professional, intelligent hiring authority have to not communicate directly with her search partner or partners on a critical high-level placement? Perhaps she’s so busy that time simply does not permit. But what should that say to you about the true priority of the search? Maybe she does not want to be influenced by a conversation with what one recruiter says versus another. But what does that tell you about the chance of ever working with her exclusively?

All we were left with is this matter, this process, this seemingly significant search was to speculate. So when one of our candidates had a crucial question about how to put her “mini business proposal” together for a final interview we were left with the response from the HR rep. He was a competent facilitator of interviews but was an inadequate intermediary for my top candidate’s critical request. When I attempted to contact the client, AKA hiring authority, she never responded.

At this point it was clear that our only liaison, the HR rep, was really tasked with one priority – keeping me away from the all-powerful client. So I instructed my candidate the best I could without the help of the hiring authority and hoped (against hope) for the best. At the same time I apologized to my team for wasting their precious time in helping me on a fruitless search as I knew the end was near and the result would not be successful.

What I still didn’t know was why this client, with whom I had previous success placing candidates, would not deal with me one to one. The morale of the story – there’s always a good reason!? In this case it was a super-strong candidate she had identified on her own before requesting our assistance. She was merely “using” our services to reinforce her assumption that no other better candidates could be surfaced.

This humbling experience reminded me of another Golden Rule in our business. This one in the form of a question that needs to be asked “before” we commit our resources to any search opportunity – i.e., “Do you have any candidates for this assignment that you have already interviewed or are about to consider?” Had this question been asked before we spent our well-intentioned efforts on this search I would have known that all we had, despite the chart above, was a Class B Assignment at best. So even when it feels and looks like you have just about everything going for you as a recruiter to fill that substantial opening; think again. Think about anything that is lacking from your client and probe. Then respond.