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The Fordyce Letter

Straight Talk for the Recruiting Profession


Articles tagged 'executives'

Interviews

Prepping Candidates and Taming Hiring Managers



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Most candidates — even high-level executives — need to be prepped before the interview. The reason for this is obvious: they all think they’re great interviewees. Most aren’t. Making matters worse, the hiring managers they’ll be meeting think they’re endowed with some special instinct that allows them to accurately assess candidate competency. Most aren’t.

Since I don’t like to present great candidates who get inadvertently excluded for dumb reasons, I need to prep both my hiring manager clients and my candidates to increase the likelihood the candidates are appropriately and accurately evaluated. This way I don’t have to do searches over again and rely on luck to make placements.

To be taken seriously on this point I had to write a book: Hire With Your Head. Basically it describes a process on how to get hiring managers and candidates on the same page. From the hiring manager’s perspective, it’s describing the work as a series of performance objectives required for on-the-job success. (I refer to these as performance profiles.) From the candidate’s perspective, it’s having them describe a comparable accomplishment for each performance objective. For example, let’s assume the job required the new product marketing manager to develop and launch 25 new iPad apps over the course of the next year. During the interview you’d ask the candidate to describe in detail some comparable product-marketing-related accomplishment. I suggest spending 10-15 minutes getting lots of details for each accomplishment. (Here’s my one-question interview article I wrote for ERE in 2001 on how to do this.) These performance objectives can be split among the hiring team; then, during the collective debrief, the team can rank the candidate on how well the accomplishments compare.

At least that’s the theory. In the field other things happen to mess up this plan.

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Confidence Spike in Executive Employment?



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The latest ExecuNet Recruiter Confidence Index shows an increasing number of executive recruiters expect job growth at the top of the employment market to improve in the months ahead.

And with evidence that the longest recession since World War II is losing its grip on the U.S. economy (apparently just as job woes are heating up in Japan), do you align yourself with the 49% of recruiters who are confident or very confident the executive employment market will improve during the next six months? Or are you more aligned with the 7% of Execunet’s respondents who are not confident that the market will get better during this period of time (down from 14% last month and 20% in February)?

Mark Anderson, ExecuNet’s president, says the “deep cuts” many companies made during the past 18 months could mean “the pace of job growth during the year ahead could be stronger than expected in many industries.”

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Grass Is Green Enough for Most CEOs



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It seems that more CEOs are hunkering down and waiting out this rocky economy. That is the finding from a new Spencer Stuart study, which says that as of Q1 2009, there have been 17 cases of turnover (a decrease from 22 cases in Q1 2008). Of those 17 placements, 12 out of 17 (71%) of appointed CEOs in the S&P 500 were internal placements.

2009 Quarter 1 S&P 500 CEO Turnover Research
(Click on the chart to increase the size.)

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10 Reasons Why I Really, Really Love Recessions!



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I love recessions. I practically drool every day I hear more bad news. Recessions provide unique opportunities to achieve goals unobtainable during normally robust economic times.

In a nod to David Letterman’s “Top 10” skit, here are my own “Top 10” reasons why I love recessions starting from 10 and working upward to my number-one reason.

Some involve recruiting specifically and directly, others indirectly impact recruiting by reducing operating costs or presenting other unique opportunities relevant to my business such as autos, computers, fleet autos, or office space.