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The Fordyce Letter

Straight Talk for the Recruiting Profession


Articles tagged 'management'

Entrepreneurship, For Managers

Have You Earned the Right to Lead?



TeamLead

Ten Deeply Destructive Mistakes That Suggest the Answer Is No (and How to Stop Making Them)

Editor’s note: John Hamm explains in his new book, Unusually Excellent: The Necessary Nine Skills Required for the Practice of Great Leadership, why your employees may not see you as a leader — and what you can do to capture their hearts and minds. As recruiting business owners, the “business owner” part is the most important, because it’s the core ownership fundamentals that allow you to make decisions, often difficult ones, that make your recruiting efforts fruitful. Among these are good leadership skills. Management and leadership are often intermingled in people’s minds, and good managers SHOULD be good leaders.

I hope you will read about these mistakes that are excerpted here from Hamm’s book, and think about where your own strengths and weaknesses are. Leading a team or a company isn’t easy, often requires hard choices, and isn’t for the faint of heart. But as you well know — the risk is worth the reward of being your own boss and calling the shots.

There are people in every organization you know whose titles indicate they are leaders. Often, and unfortunately, their employees beg to differ. Oh, they don’t say it directly, not to the boss’s face, anyway. They say it with their ho-hum performance, their games of avoidance, their dearth of enthusiasm. Leaders — real leaders who have mastered their craft — don’t preside over such lackluster followers. If reading this makes you squirm with recognition, you may have a problem lurking.

You’re really just masquerading. You haven’t yet earned the right to lead. 

For Managers, How-To

What You Focus On EXPANDS!



focus

I was taught long ago that “whatever you focus on expands,” and I wish I could credit the teacher. You have probably all heard something similar in the past. In this article I am going to do my best to put this concept into practical terms for the recruiting industry.

Based on many conversations and my own personal observations, the recruiting industry is coming back nicely. Many of my clients had their best quarter, not in years, but EVER! Companies are beginning to re-invest in their growth and operations. However, some recruiters are still stuck in “fear” mode and are focusing on scarcity right now, still thinking the business is in recession mode.

Business, For Managers

The Recruiting Industry’s Biggest Taboo – And How to Cope With It



taboo sign

When I first accepted my recruiter “trainee” position in November of 1987, I was hired by a CPA/MBA Deloitte “Big 8” audit manager who had a then-recent position as a financial officer of a W.R. Grace division. Being somewhat naïve, along with possessing an insatiable appetite to savor success and affluence, I actually went on doing what I was told I could do during my first two years and savored initial success.

Then disaster struck in the form of the 1990-1992 Savings and Loan recession. We did not know what exactly was happening at the time however. While I still made placements during the worst of this cycle, it required more work than I had needed to perform while training and for less money. I pursued necessary new clients with ferocity and managed to battle my way through. The experience knocked some of the cocky confidence out from me. But by 1994-1995 I was back sailing the high seas and hitting figures and results that paled my initial years of success by comparison.

For Managers, Relationships

The Process Makes the Placement



process

How many times have you heard one or more of your clients state:

“I will not settle for anything but the best.”

Or

“I want to hire the best candidate available.”

Although a worthy pursuit, for many clients, hiring the “best,” in most instances, may be an unobtainable goal. Actually, Herbert Simon may have said it most clearly in his reverse juxtaposition of an old saying:

“The best is the enemy of the good.”

For Managers

Hiring Salespeople: Trust or Consequences



salesperson wanted

This is a time when many organizations are scrambling to produce sales. Some will be successful and some will not. Sales success and trust-building skills go hand in hand; yet, a salesperson’s ability to develop and maintain trust often goes unmeasured in the pre-hire phase.

Fundamental Sales Abilities

Put on your customer hat. Do you enjoy listening to a salesperson blab? Feel like you are in a verbal contest with someone whose only objective is to get your money? Get frustrated when a salesperson does not take the time to understand your situation? These are symptoms of poor sales hiring practices.

For Managers, TFL archives

Effective Leadership and Performance Optimization, Part 2: Developing a Culture of Performance



Henry Ford

Recruiting is a tough business; an activity oriented phone- and Internet-based business where statistics indicate that nine out of ten new recruits don’t survive their first calendar year. It’s also one of the only businesses where the product can tell you “no.” Add to these inherent challenges the fact that research shows the average US worker wastes 26% of their day on socializing and personal Internet use (Malachowski, 2005), which is probably closer to 40% now that social media has taken over with Facebook and Twitter. The ability for a manager to develop a strong culture of performance is extremely difficult, if not outright impossible.

Some organizations manage to do this despite the challenges. How do they do it? How do they grow aggressively and reach 50-100 employees while others struggle to hire and keep a few productive ones? The answer: successful owners and managers develop a strong culture of performance.

For Managers, TFL archives

Double Play – Effective Leadership and Performance Optimization, Part 1: Getting Your Team to Own Their Performance



world-series-trophy

When things wind down past mid-season in baseball, separating the teams in the pennant race from other teams is not a difficult task. It seems year after year the same teams are vying for the top and showing strong performances, as many others are struggling to remain competitive.

With hopes long gone of any chance of a winning season, what happens to the team’s morale? How frustrating for the owners who spend millions on key talent, for team managers who spend countless hours coaching, and for players who have given the game their heart and soul. Do they continue with a great attitude, knowing their ultimate goal will not be achieved, or do they accept the situation and go through the motions of playing out another average season of effort and performance?

The real question is what do the successful team managers do that give them more wins consistently while many managers struggle to keep their teams alive with mediocre results year after year? Can’t we ask the same of our industry? Why do some offices see recruiting performance success and enjoy strong growth and profitability on a consistent basis year after year while others just struggle to survive in any economy? Like a professional baseball team that can never get the right formula to consistently be in the pennant race in the middle of the season let alone the end of the season — the problem ultimately lies in ownership and accountability.

Business, Relationships, TFL archives

When Expedience Trumps Excellence In Recruiting



speed

A few weeks ago, some friends and I went out to dinner. and when we left we agreed: “It was OK.” Translation: we were slightly disappointed. There wasn’t anything wrong. Just nothing noteworthy or exceptional. Just little things like the fact that the table wasn’t clean when we sat down, that we had to summon the waiter several times, and we weren’t attended to as frequently as we’d like, etc. Nothing singularly mind-blowing, just a combination of mediocre events.

Since there are many other restaurants to choose from we probably won’t go back there. On the other hand there is a restaurant I frequent and take different friends to all the time. Why? The food is pretty good, but the service is exceptional. If the owner is working he makes a point to come out to all the tables, he remembers his regulars by name, and he sometimes buys us a round of drinks or gets us a dessert in appreciation. Do we get free drinks every trip? No — that’s not the point. His manner and appreciation combined with the service orientation of his wait staff enhance the dining “experience.” You feel special. You come back — again and again!

Do your clients feel special? How about your employees? Clients can choose from hundreds of recruiters to fill their needs; why should they choose you? What do you do for them that they do NOT expect? What do you do that makes them feel good about themselves? Where are you excellent? 

Jeff's On Call!

Jeff’s On Call!: Revisiting the “Draw” Topic



fifty dollar bills

Editor’s Note: Jeff has covered this topic for us in the past, but as he has said, it needs to be addressed again, and more thoroughly. You can read his original post here for further information.

In the United States, a “draw” (technically known as a non-recoverable draw against commission) is the most common, yet the most misunderstood way of paying a recruiter.

I’ll show you how to get back most of that draw in a minute.  But first, let’s see how the draw arrangement works legally:

A draw is either a loan (temporarily given) or wages (mandatory “can’t-get-it-back” pay for work) depending on whether the recruiter (employee) is still employed at the end of the pay period (a loan) or not (wages).  This “disappearing salary” feature is designed to comply with the minimum wage laws.

The recruiter is given a fixed amount of money at scheduled intervals (the pay period).  Usually all payroll deductions are taken out, so it’s a net amount. 

Social Media, The Business of Recruiting

Podcast: Greg Savage, Part 2



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Yesterday, we posted Part 1 of the podcast with Greg Savage, where Savage shared with us about his new role with Firebrand Talent Search as well as Aquent’s decision to refocus its business on temp, contract, freelance, and temp-to-perm placement. Today, we bring you Part 2 of this podcast, with Savage sharing his thoughts on social media’s role in the future of recruitment. Three takeaway points from this talk:

  • Social media will be part of the future of recruiting. Embrace it.
  • Personal branding will be important for recruiters to establish themselves as experts in their field.
  • It is still critical to establish direct connections (as with a phone call) with candidates to build relationships.