Tuesday, June 16, 2009

Gr7 Communication

The majority of high level candidates we talk to these days communicate exclusively by cell phone. With all the advancements in modern technology, I am astonished that so many people rely exclusively on cell phones for communication. The connections can be so poor that it seems like we’ve gone back to tin cups and string.

Dan Neil has a great article in the LA Times Business Section today about cultural language innovations, and how even verbal communication is going away, with people texting each other instead of talking. Try Googling texting dictionary and see the amazing number of responses that can educate you on text shorthand.

UCLA Professor Emeritus Albert Mehrabian did a famous study of communication that revealed 55% of human communication is non-verbal (body language, facial expression), 38% is sound – (tone, inflection, pacing, volume, etc.), and only 7% of in-person communication is content. Extending this theory, when we text, we only send 7% of our communicative ability.

With people getting busier and busier, it is harder to meet people in person, and sometimes even to get people on the phone. I’m a little concerned that over the next generation we will lose some of our abilities to communicate effectively.

Dan Neil points out in his article that Gr8 is texting shorthand for Great, and if something is only pretty good, but not great, people will text “Gr7.” I love that! We are creating word formations that are specifically meant not to ever be spoken, but only texted! That’s so Gr1. In case you didn't get that I am joking, I was only able to send you 7% of my communication!

Saturday, June 13, 2009

Overqualified Candidates

Is the term “overqualified” code for too old, or too expensive? Should an employer be wary of hiring overqualified people? The answer to both is sometimes.

Overqualified truly means a person who possesses skills way beyond what is required to do the job, AND the job being considered represents a step down for the person.

There are a few valid reasons why an overqualified person could safely be hired and could do a good job. A lifestyle change could be valid – kids at home (or elderly relative) who need attention; spouse moved for a new job with much higher pay; person is recovering from injury or other trauma. Cash infusion could be another valid reason: a recent cash-out at prior company (stock option redemption or exit package) or even an inheritance, could cause a person to think “I could afford to throttle back a notch for a while.”

If a company simply desires a younger worker, and in comparing skills, rules out a baby boomer in favor of a Gen-Y’er when both are equally qualified and would cost the same, that is simple age discrimination, and I think it is wrong. I’ve seen baby boomers do an outstanding job, leveraging their stronger experience, and yet not demand or expect as much as some of today’s younger workers.

When cost is a factor, a company is justified in hiring the least expensive person they feel can do the job, and that does not represent age discrimination, in my opinion.

The one real issue with overqualified candidates is whether they will stay. When a person steps down a level, and takes less pay, there is a real risk they will be vulnerable to recruiters, or will even seek another opportunity, seeing your position as only a stop-gap, or a way station on the path to something better. We ask candidates directly, “Why wouldn’t you make a move next year if a higher paying more responsible position became available?” If a candidate doesn’t have a really solid answer to this question – they are overqualified, and then I wouldn’t recommend the hire.

Saturday, June 6, 2009

Hiring Better Than Yourself

Many hiring experts advocate hiring people with greater capability than yourself, as a way of growing your department, company, even yourself. Yet, in 25 years of headhunting, I’ve seen many high level executives be intimidated by the real go-getters. The one word feedback I sometimes get after submitting an “A+” player is “arrogant.” Yet, I have often perceived the candidate as “very confident” a trait you’d expect in a top performer, but not arrogant. Google turns up over 7 million hits to the string “hiring AND ‘better than yourself’”, and one of those is a three-year old piece by Guy Kawasaki. I agree with just about everything Guy says in this piece on recruiting from January, 2006.

To hire below yourself, and/or not hire complementary skill sets to your own – filling in around your shortcomings – immediately positions you to NOT be an “A” player yourself. Leaders know that having the best around them will almost always pay off, and they are willing to take a leap to get the “A+” person. I think this is a critical ingredient to being a good leader.

Thursday, June 4, 2009

What I Learned Growing Up in a Bronx Housing Project

One of the great ironies of the last few weeks is that while my Harvard-educated wife (BA and JD) had classmate acquaintances on the short list for the Supreme Court nominees, the ultimate nominee, Yale-educated Sonia Sotomayor was someone with whom I actually had a special connection: she and I both grew up in the same Bronxdale Housing Project at the same time.

At that time, in the 50’s, many of us saw the move to the new “Projects” as a step up. My family came from a tiny 2 room basement flat, and I saw our 6th floor Watson Ave. apartment as heaven! We got to play on new monkey bars and swings on the concrete play area – the grass was chained off - but it was better than playing in the street. Sonia has spoken to the media on how her upbringing informed her adulthood and her court decisions. Here’s a bit of what I learned:

No to Prejudice:
The projects were a melting pot, and at my level (kids), we were indeed all equal. I developed first hand the evidence to reject the shocking and hateful first generation American xenophobia and bigotry that I heard from my parents and their friends. When you are taught “filters”, trying to be completely egalitarian is work, but it is worth it!

No to Elitism: The people I went to school with who dressed better, my cousins whose families owned houses, weren’t better than me. Poor is as poor does (to paraphrase Forrest Gump). We all put our pants on one leg at a time. This has helped me to never be intimidated in business.

Work Pays: People who worked hard moved up. I got my first job at age 11, working in a butcher shop (probably illegal), and the day I turned 12 I signed up to deliver the NY Post, a much classier and cleaner job! I always had money in my pocket that I earned, and the resulting work ethic has served me well.

Direct Communication: In my neighborhood, no one tiptoed around the outside edges; we didn’t invest too much time in “being polite.” We told it like it was; recognizing that there were consequences (but also much value) from being candid. I call the result of this learning “Bullseye Communication.”

Attitude is Everything: I’ve quoted Victor Frankl before, who famously said, “Everything can be taken away from a man except the last of human freedoms, the freedom to chose one’s own attitude.” Thinking As If you will succeed goes a long way to ensuring success. Just from looking around and seeing what worked and what didn’t work, I knew I’d go to college and be a professional, even before I got to the 6th grade.

I’m proud to have grown up in Bronxdale, and in other poor neighborhoods in the Bronx, and to have learned from the experiences. I do think those experiences are valuable in a Supreme Court justice too! Growing up poor, living in a diverse community and having first hand knowledge of the struggles and triumphs of those striving to emerge from poverty is indeed valuable, in any profession or way of life. For me, one significant result is that I can appreciate the little changes that happen for people, in their career especially, that can have a profound impact. Often I have the chance to help those changes along, and I value those contributions all the more.

Monday, June 1, 2009

Needs and Wants

A key hiring goal for most companies is to feel safe and secure that they’ve made a good choice – they’ve selected someone who will fit in, will perform well, and have a positive impact. In order to satisfy the need to feel “safe” about a hire, some employers load up a laundry list of skills and experiences and label them “must have” or “required”. In some cases, these are legitimate, such as an in-the-trenches, hands-on technical hire. But, in many cases, the line is blurred between “needs” and “wants”. These even goes to things like location. We had a client who indicated that the candidate “must” live in a certain city. Yet the new hire would be traveling 80% between 4 cities in the region. We advocated flexibility in location, which more than doubled the pool of talent that could be considered, since many did not want to move to the primary location.

We encourage employers to sharpen the line, to distinguish clearly between required skills and attributes, and those that are desirable or a plus. Then, the key way to feel safe in hiring is to establish clear, precise, specific performance objectives, and screen the candidate to their ability to produce the critical results.

Be careful not to “need” so much that really capable people are ruled out. Establish a better way to feel safe about the hire.

Monday, May 25, 2009

Executive Compensation and Performance Goals

As part of an LA Times business section focused on executive compensation, business columnist David Lazarus wrote on Sunday about CEO bonuses.

Just as we’ve been advocating for 15 years, Lazarus believes that bonuses should be “…based only on the attainment of clear performance goals, such as increases in a company's net income or market share.” He also feels, as do we, that bonuses and incentives (such as stock options) should be available to all employees doing a good job, not just the CEO.

This topic seems to get media attention mostly when lots of money is at stake, like when CEOs receive 8 figure bonuses despite declining performance at their company. It is critically important every day, at every company. Do more good stuff, get paid more! Great idea! I’d like to see the issue of incentives tied to performance be front and center when economic and human capital experts discuss how to get the economy back on track!

Tuesday, May 5, 2009

Radical Talent Management

There has been very little written on a topic I’d like to call Radical Talent Management. Hiring and talent management continue to evolve at a much slower pace than other technologies that are critical to business success.

The word “radical” is derived from the Latin “radicalis” which means root, basis, or source. I would bet that most of us think of the word radical not by its first or second dictionary definition (of or relating to a root; growing from the base), but by its third or fourth definition: Marked by a considerable change from the usual or traditional; tending to make extreme changes.

In First Break All the Rules, Marcus Buckingham and Curt Coffman told us that one of the things great managers do differently is to define TALENT as “a recurring pattern of thought, feeling or behavior that can be productively applied.” The authors go on to differentiate talent from skills or knowledge, and advocate hiring based on talent, and in the book’s appendix, list the 12 Core Questions that correlate with success. My favorite is the first: “I know what is expected of me at work.”

I want to advocate combining these four ideas into a new way of managing talent:
  • Radical talent management must start at the root, which is how we define the job.

  • It must also be about considerable change from the usual and traditional.

  • Employers must define what is expected of each current employee and new hire, in SMART terms (Specific, Measurable, Achievable, Relevant and Time-Bound), by producing a business plan with performance objectives.

  • Deployment of current people, hiring of new people, performance evaluation – all aspects of talent management – must be done by evaluating TALENT in the context of Performance Objectives. Only then can talent be productively applied!

Sounds simple? It is hard to believe how FEW companies follow the above four principles. So few, I’m inclined to call the idea Radical Talent Management. Let’s see if it catches on.

 
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