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	<title>ERE.net &#187; Krista Bradford</title>
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	<link>http://www.ere.net</link>
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		<title>Bubble Hopping: Leveraging Economic Intelligence in Your Search Practice</title>
		<link>http://www.ere.net/2008/04/02/bubble-hopping-leveraging-economic-intelligence-in-your-search-practice/</link>
		<comments>http://www.ere.net/2008/04/02/bubble-hopping-leveraging-economic-intelligence-in-your-search-practice/#comments</comments>
		<pubDate>Tue, 01 Apr 2008 19:00:00 +0000</pubDate>
		<dc:creator>Krista Bradford</dc:creator>
				<category><![CDATA[Advice and How-To's]]></category>
		<category><![CDATA[trends]]></category>

		<guid isPermaLink="false">http://www.ere.net/2008/04/02/bubble-hopping-leveraging-economic-intelligence-in-your-search-practice/</guid>
		<description><![CDATA[
The longer I recruit for a living, the more I see recruiting inextricably linked to the economy. Our finger is on the pulse and, at any given time, if we&#8217;re honest, we can give you a pretty accurate read on whether the patient is thriving or on life support.
In fact, the longer I recruit, the [...]]]></description>
			<content:encoded><![CDATA[</p>
<p>The longer I recruit for a living, the more I see recruiting inextricably linked to the economy. Our finger is on the pulse and, at any given time, if we&#8217;re honest, we can give you a pretty accurate read on whether the patient is thriving or on life support.</p>
<p>In fact, the longer I recruit, the more I start to think like a VC. At least, that&#8217;s what venture capitalist <a title="" href="http://en.wikipedia.org/wiki/Stewart_Alsop_II">Stewart Alsop</a> observed when we got together at the <a title="" href="http://en.oreilly.com/money2008/public/content/home">Money: Tech conference</a> in NYC, a gathering where Web 2.0 meets Wall Street.</p>
<p><span id="more-2338"></span></p>
<p>Stewart is a partner in <a title="" href="http://www.alsop-louie.com/">Alsop Louie Partners</a>, a former general partner with New Enterprise Associates, and the former editor-in-chief and executive vice president of InfoWorld. Whenever we get together, our conversations careen from news observation to relevant startup ideas back to news observation back to hot startups.</p>
<p>Stewart uses news and economic intelligence to be opportunistic in his investments. He focuses on spotting trends early, deciding on the direction of a new technology or market, and ultimately, on getting out in front of everyone else. The same approach works well in recruiting, particularly when times get tough economically.</p>
<p>What follows are the five lessons for profiting from a down cycle:</p>
<ul>
<li><strong>Lesson one: Conserve cash.</strong> Now is the time to sock away as much cash as possible, both personally and professionally. Don&#8217;t spend needlessly, and don&#8217;t rack up debt. There is a great deal of speculation on how bad this could get. You may need the cash to survive. You may need it to serve as a bridge between the time you work and/or pay your people and the time your client pays you. But even more important, you or your company may be presented with amazing opportunities to acquire products, services, or even other firms at a deep discount. . .that, my friends, is how fortunes are made.</li>
<li><strong>Lesson two: Find less-expensive alternatives.</strong> The tougher times become, the easier it will be to negotiate great deals. So use that to your advantage. If you&#8217;re on the corporate side and have a vendor who is non-negotiable, such as a retained or contingency search firm that always charges the same percentage of annual compensation, consider alternatives. Also, expect more from your vendors, such as having the vendor hand over all of its candidate research in addition to all the candidates. Alternatively, you might want to experiment in the economies of scale brought by candidate pipelines in place of hugely inefficient one-off searches.</li>
<li><strong>Lesson three: Grow your ROI.</strong> Corporate recruiters face downsizing in down economic cycles. Sometimes, entire internal executive search teams get shuttered. So if you haven&#8217;t taken the time to prove your worth in dollars and cents, you need to start doing the math. Approached the right way, you may uncover hidden ROI to explode your numbers for the better.</li>
<li><strong>Lesson four: Scan the horizon for opportunities.</strong> Set up alerts in Google News or Indeed to gauge who is hiring or laying off. I just spoke with the CEO of a startup in the Silicon Valley who has, within the past two weeks, noticed an uptick in the number of viable candidates at his doorstep, most of them applicants from other startups that ran out of cash. There is opportunity in that. Great talent is becoming easier to acquire: you just have to get them first. So invest in some serious phone ID and org-charting of your favorite target companies and proactively recruit those candidates before they put their resumes on Monster for all of the world to see.</li>
<li><strong>Lesson five: Jump from one bubble to the next.</strong> As the economy stumbles, hop from one bubble to the next. Instead of worrying about the current bubble that&#8217;s deflating, start thinking about where the next one will emerge and pounce on your foresight. A fascinating article in <em><a title="" href="http://www.harpers.org/archive/2008/02/0081908">Harper&#8217;s</a></em> details the next possible bubble: alternative energy.</li>
</ul>
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		<title>10 Ways to Supercharge Your Search for Candidates</title>
		<link>http://www.ere.net/2007/12/04/10-ways-to-supercharge-your-search-for-candidates/</link>
		<comments>http://www.ere.net/2007/12/04/10-ways-to-supercharge-your-search-for-candidates/#comments</comments>
		<pubDate>Mon, 03 Dec 2007 19:00:00 +0000</pubDate>
		<dc:creator>Krista Bradford</dc:creator>
				<category><![CDATA[Advice and How-To's]]></category>
		<category><![CDATA[executivesearch]]></category>

		<guid isPermaLink="false">http://www.ere.net/2007/12/04/10-ways-to-supercharge-your-search-for-candidates/</guid>
		<description><![CDATA[
The Merriam-Webster dictionary defines research as a &#8220;careful or diligent search,&#8221; a &#8220;studious inquiry or examination,&#8221; and &#8220;the collecting of information about a particular subject.&#8221; Why is it, then, that most executive search and recruiting professionals so often think of research as mere &#8220;name generation?&#8221; &#8220;Name gen&#8221; is rarely careful, diligent, or studious. More often, [...]]]></description>
			<content:encoded><![CDATA[</p>
<p>The Merriam-Webster dictionary defines research as a &#8220;careful or diligent search,&#8221; a &#8220;studious inquiry or examination,&#8221; and &#8220;the collecting of information about a particular subject.&#8221; Why is it, then, that most executive search and recruiting professionals so often think of research as mere &#8220;name generation?&#8221; &#8220;Name gen&#8221; is rarely careful, diligent, or studious. More often, it involves a relatively haphazard scooping up of names and titles, willy-nilly. And that leads to a &#8220;<a href="http://www.youtube.com/watch?v=lFn4cxy05HA">kiss every frog</a>&#8221; approach to recruiting in order to find your prince.</p>
<p>As the execution engine of executive search, your research can be either a <a href="http://en.wikipedia.org/wiki/Ferrari">Ferrari</a> or an <a href="http://en.wikipedia.org/wiki/Edsel">Edsel</a>, a car that failed spectacularly due to poor workmanship and a failure to understand the American consumer. The Ferrari is Human Capital Intelligence: research that, through analysis, is transformed into actionable intelligence to provide your search with a competitive advantage. When you embed intelligence into virtually every step of your search process, you dramatically improve search performance. I&#8217;m not suggesting that you work harder. I am suggesting that by doing the following 10 steps, you can work smarter so you don&#8217;t have to work as hard.</p>
<p><span id="more-2256"></span></p>
<ol>
<li><strong>Link your human capital intelligence strategy to the overarching strategy for the company.</strong> A company may be focused on growth and expansion into new markets, or alternatively may be focused on divestiture (selling assets that have been weighing the company down, while at the same time distracting it from its core business). Strategies are as varied as the businesses they inform. Ideally, your hires should provide a strategic advantage linked to that overarching strategy.
<p>You could, for instance, target candidates who have deep domain expertise in a new market your company is entering, with relationships and knowledge to leverage. Alternatively, you could raid primary competitors to knock them back a rung while you gain the advantage. Your understanding needs to be informed by deep background knowledge of the industry, its history, and its players. So read a few books that bring the history of the industry to life, keep up with industry publications, and continually track business news. (I keep a television tuned to CNBC throughout the day in a room adjacent to my office.)</p>
</li>
<li><strong>Conduct an internal intelligence review.</strong> Critical information is usually scattered like buckshot across departments and teams within companies. Sales departments often have conference attendee lists. Marketing departments often have big market research reports. Your company has already paid for this information. Use it for recruiting, and you increase your company&#8217;s return on investment.</li>
<li><strong>Study what actually works.</strong> Review the resumes of the people who have actually been hired into the position and team into which you are recruiting to determine what, if anything, they have in common. How many years of experience do they have? Is that experience aligned with the job description, or are they expecting more of the candidates than they are of themselves? Is there a cluster of candidates from any one particular company? For instance, check out Microsoft&#8217;s <a href="http://www.microsoft.com/presspass/exec/de/default.mspx">Distinguished Engineers</a> and <a href="http://www.microsoft.com/presspass/exec/techfellow/default.mspx">Technical Fellows</a>, executive-level personnel on the engineering career track. What do you see in common? I&#8217;ll give you a hint: take a look at <a href="http://www.microsoft.com/presspass/exec/de/Berenson/default.mspx">Hal Berenson</a>, <a href="http://www.microsoft.com/presspass/exec/de/DileepBhandarkar/default.mspx">Dileep Bhandarkar</a>, and <a href="http://www.microsoft.com/presspass/exec/de/Havens/default.mspx">Darryl Havens</a>, or examine Technical Fellows <a href="http://research.microsoft.com/lampson/">Butler Lampson</a>, <a href="http://www.microsoft.com/presspass/exec/techfellow/Thacker/default.mspx">Charles Thacker</a>, and <a href="http://www.microsoft.com/presspass/exec/techfellow/Cutler/default.mspx">David Cutler</a>. In fact, about a dozen engineers came from another company. (Have you figured it out yet?) The cultures are a perfect fit.</li>
<li><strong>Consult with the hiring manager.</strong> Intelligence provides a platform upon which to build out a consultative relationship with an executive who serves as a hiring manager. If that manager is in need of a critical hire, he&#8217;s likely overworked and understaffed. The last thing he wants to do is to stop and download the information you need to find the perfect candidate. However, that is exactly what needs to happen. Rarely do position descriptions tell you what the candidate will actually have to accomplish his first year on the job to be considered a success.
<p>So ask. And don&#8217;t accept a simple explanation. Get granular detail, starting with the 5 Ws: Who (org chart), What (tactics), Where (travel), When (timetable), and Why (strategy). And, while you&#8217;re at it ask, &#8220;How?&#8221; Then, test the requirements by inquiring, &#8220;If I find someone who has successfully done what you need to have done, and if he only has eight instead of the required 10 years of experience, do you want to see him? What if he&#8217;s successful, but has only an undergraduate degree?&#8221; Start knocking out unnecessary requirements until you get to the core &#8220;must haves.&#8221; Review the compensation, and ask, &#8220;Are you confident the salary and scope is competitive when compared to other opportunities in the marketplace?&#8221; Set expectations and describe how you will provide him with actionable intelligence from Step 5 to make the search bulletproof, while at the same time find the candidates he needs.</p>
</li>
<li><strong>Conduct market intelligence.</strong> Conduct research to capture and report out the number of similar openings against which you are competing. Find out what your competitors are offering in the way of salary, benefits, and relocation. Often, hiring managers and the financial personnel controlling the purse strings assume that the salary is competitive when it doesn&#8217;t offer a candidate enough of a difference to warrant making a move. You know it. The hiring manager knows it. Almost everyone within the organization knows it, but weirdly, everyone remains stuck for political reasons or simply through inertia. A market intelligence report serves as a powerful wake-up call for everyone involved and provides hiring managers with the hard data they need to go to bat for an adjustment in compensation, title, or scope.</li>
<li><strong>Develop a search plan and work the plan.</strong> In Steps 1 through 5, you have gathered a great deal of potent information. Take a moment to analyze <em>what it all means</em>. Resist the impulse to dive in and scoop up big buckets of candidates from target companies. There isn&#8217;t enough of you to go around. Instead, <em>work your sources</em> to find out who the best people are. Report out a list of initial target candidates with biographies, and incorporate the feedback into your plan. Look for patterns upon which you can capitalize. Ideally, cherry-pick the rock stars. <em>Never</em> target entire companies. Rather, track specific luminaries or specific teams that are outperforming. To avoid wasted time calling the wrong people, reverse engineer the titles by examining job postings to determine what precise titles at each target company map to your opportunity. Prioritize the best targets and push less likely suspects further down on your to-do list.</li>
<li><strong>Set news alerts for opportunistic swoop-ins.</strong> Visit the news page in Google and set alerts relevant to your search. Track RSS feeds. Scour blogs. Track reports of layoffs, mergers and acquisitions, and earnings disappointments, events which often make candidates a little more willing to make a move. If a company or an entire industry goes into free-fall (as was the case with subprime), it offers a significant opportunity to capture talent at virtually every level and function.</li>
<li><strong>Develop a bench of executive candidates and candidate pipelines for staffing level.</strong> If you find yourself recruiting similar senior-level executives, it makes sense to proactively recruit a bench of candidates in advance of a role opening up. Building out candidate benches or candidate pipelines across a range of positions offers you the opportunity to drive time-to-fill to near zero.</li>
<li><strong>Demand superior research and transparency from search firms.</strong> Retained search firms often tout their personal networks and proprietary databases as the reasons why you should choose them over their competitors. But those advantages have been largely rendered irrelevant by social networking sites such as <a href="http://www.linkedin.com/">LinkedIn</a> and <a href="http://www.facebook.com">Facebook</a> and by the proliferation of candidate information on the Internet. There is no shortage of candidates or of networks. What we have is too much information, too little intelligence. So before you waste your time with shootouts between firms vying to win a retained search, simply check the websites of <a href="http://www.egonzehnderknowledge.com/knowledge/content/articles/overview.php/executivesearch">Egon Zehnder</a>, <a href="http://www.heidrick.com/NR/rdonlyres/F0D095F7-0405-4953-BF0D-5176F986CE02/0/HS_HowToPartner.pdf">Heidrick &amp; Struggles</a>, <a href="http://www.kornferry.com/Library/Process.asp?P=SearchProcess">Korn/Ferry</a>, <a href="http://www.spencerstuart.com/services/execsearch/process/">Spencer Stuart</a>, or search firms of your choosing. If their definition of search process makes no mention of intelligence and revolves primarily around target company and target candidate identification, walk on by.</li>
<li><strong>Conduct intelligence on intelligence: Share best practices.</strong> There is no one association for you to join that will help you leverage intelligence in search. The <a href="http://www.scip.org/">Society of Competitive Intelligence Professionals</a> will teach you about competitive intelligence, but it is not specifically focused on search. The <a href="http://www.aiip.org/index.html">Association of Independent Information Professionals</a> will teach you about research, but not necessarily intelligence. <a href="http://www.davidlord.com/the-exchange.php">David Lord</a> has built a network of corporate talent officers for the sole purpose of advocating for best practices in search, but it is not focused on intelligence, and the same goes for the <a href="http://www.iacpr.org/">IACPR</a>, an organization committed to that same end. As a result, we at <a href="http://www.thegoodsearch.net/">The Good Search</a> have had to build out our own roundtable. Collaboration speeds innovation and when done properly, all participants stand to benefit from the collective knowledge.</li>
</ol>
<p>Clearly, harnessing the power of intelligence is a best practice that has long been embraced by other industries such as finance and marketing. Its arrival in the search business is long overdue. Recruiting that fails to leverage human capital intelligence is like searching with your eyes closed, with far too much stumbling around in the dark. Search that harnesses the power of intelligence continually scans the competitive landscape. It is as if the scales have fallen from your eyes.</p>
<p><em>I once was blind, and now I see.</em></p>
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		<title>Career Spotting</title>
		<link>http://www.ere.net/2007/11/02/career-spotting/</link>
		<comments>http://www.ere.net/2007/11/02/career-spotting/#comments</comments>
		<pubDate>Thu, 01 Nov 2007 19:00:00 +0000</pubDate>
		<dc:creator>Krista Bradford</dc:creator>
				<category><![CDATA[Advice and How-To's]]></category>
		<category><![CDATA[careers]]></category>

		<guid isPermaLink="false">http://www.ere.net/2007/11/02/career-spotting/</guid>
		<description><![CDATA[
As experts in careers, those of us involved in human capital are well aware that most people usually change careers several times over their lifetimes. That&#8217;s a given. This applies to candidates as well as the people who recruit them because we, too, are counted among those with multiple careers. But the really cool thing [...]]]></description>
			<content:encoded><![CDATA[</p>
<p>As experts in careers, those of us involved in human capital are well aware that most people usually change careers several times over their lifetimes. That&#8217;s a given. This applies to candidates as well as the people who recruit them because we, too, are counted among those with multiple careers. But the really cool thing is that each of those changes presents an opportunity for even greater success.</p>
<p>That&#8217;s why I am here today to build on the theme from my article about <a title="" href="http://www.ere.net/articles/db/5AC12F63A6784CF3B3B7B4B3EAED60E7.asp">candidate spotting</a>. Today, we&#8217;re focusing on career spotting, or scanning the horizon for changes in your environment that will lead you to that next better thing, while at the same time scanning your history for unique experiences and insights that give you a competitive advantage.</p>
<p><span id="more-2080"></span></p>
<p>I am a &#8220;woman with a past.&#8221; I find a certain delicious humor in the phrase as it implies, well, I won&#8217;t go there. Let us just say that I have lived, and thankfully, it has been an interesting life. One reader, aware of my former career as an award-winning investigative reporter and television journalist, asked me to talk about how I came to change careers.</p>
<p>While I could say I laid out a tidy career plan and that my move to executive search was exactly what I had planned, that would be untrue.</p>
<p>Rather, I had invested every ounce of my being into become the best reporter a reporter could be, and I woke up one day and discovered the industry had changed. I spotted a trend (someone had moved my cheese). In response, I made an adjustment that ultimately allowed me to capitalize on the opportunity.</p>
<p>I started my news career shortly after Watergate, inspired by reporters Bob Woodward and Carl Bernstein. At the time, there was nothing cooler than extracting information from highly placed sources in secret meetings in a darkened parking garage. But by 1997, television news had become a shadow of its former self. Investigative reporting was a costly, highly litigious pastime, prone, if not designed, to upset the powers-that-be.</p>
<p>Moreover, television news had seen a fragmenting of its audience from the days when the triptych television networks of ABC, CBS, and NBC dominated the news. By then, with the advent of cable, the audience had been scattered like buckshot across 200 channels.</p>
<p>In response, producers no longer decided to lead the news with the most important story of the day, but rather with the story they felt you most wanted to hear. That was so not what I had envisioned and while I could argue on behalf of journalism and the better story, it was an argument I wasn&#8217;t going to win.</p>
<p>So I left, went back to college, and ended up at Columbia University surrounded by kids who were born around the time Reagan was elected president. I had a blast. Ultimately I had to return to work and so a friend suggested I assist her with candidate development in recruiting. I had no idea that there was research aimed at recruiting. I was delighted to learn about something I could do from the comfort of my own home.</p>
<p>Moreover, much of the work seemed easy in comparison to what I used to do. It is far, far easier to call someone to offer them a job than to explain you are investigating them. Then I started applying my investigative expertise to identifying and ultimately recruiting executives and technologists, spinning in my computer-assisted research acumen, and my business was born.</p>
<p>One might say I fell into recruiting. But rather, I practiced the art of career spotting, which involves the following steps:</p>
<ol>
<li><strong>See career change as opportunity: capitalize on it.</strong> Everyone gets downsized, even recruiters. Industries contract and expand. Markets have up and down cycles. What worked yesterday doesn&#8217;t always work today. Instead of focusing on what you have lost, focus on what you stand to gain. It doesn&#8217;t happen overnight. You may have to mourn the loss of a former career, workplace, and co-workers, if not the loss of a former identity. For the longest time, it felt weird to tell people I worked in executive search. Now it feels weird to say I was a TV journalist, though that investigative background gives our practice a competitive advantage.</li>
<li><strong>Read the tea leaves: read the newspapers.</strong> To career spot, you must be aware of the business world&#8217;s ever-shifting sands. Industries expand and contract, markets have up cycles and down, and what worked yesterday doesn&#8217;t always work today. You must be ever-vigilant and anticipate where things are headed. When you see a critical mass coalesce, or spot a pattern that resonates, it&#8217;s time to take action. For our business, it may mean realizing when we&#8217;re entering an economic downturn and refocusing or repositioning business in much the same way investors rebalance their portfolios.</li>
<li><strong>Realize that you are your own competitive advantage.</strong> Everyone is an individual. Everyone has their own special set of strengths and weaknesses. The trick is to capitalize on your strengths by aligning them with the trends you&#8217;ve observed in Step 2. I&#8217;m not saying this as a general platitude, as a generic warm-fuzzy, or as a Hallmark card bon mot. Rather, I&#8217;m suggesting you go beyond resume text and consider themes that have emerged over the course of your career. Examine your successes as well as the flip-side of your failures for the hidden strengths you may have embedded in them. During my journalism career, I was extraordinarily idealistic about the Fourth Estate and frequently jousted with my superiors, advocating for a great story and for the greater good. Was I a total pain in the derri?re? Definitely. Would I do it differently if I had it to do over again? Definitely. But the passion, determination, idealism, and depth of concern I had about advocating for doing the right thing were simply building blocks that were in their formative stages. Years later, it all came together when I rebranded our search firm and human capital intelligence practice &#8220;The Good Search,&#8221; the first search practice committed to serving employers-of-choice.</li>
<li><strong>Blink. Trust your instinct: use it to guide your innovation. Trust your gut.</strong> The older I get, the more I realize that if something feels wrong, it probably is. Moreover, we may be hard-wired for intuition, for profound knowledge and intelligence on a subconscious level. You still need to be educated, and to advance your training through conventional means. Often the thing that makes the difference between success and failure or between success and blow-the-roof-off super-stardom is trusting your inner wisdom.</li>
<li><strong>Spark a revolution: become more evolved.</strong> If you haven&#8217;t failed lately, then you may have gotten too content operating in your safe zone. If you find yourself blaming others, circumstance, or other outside factors, you&#8217;re wasting energy and valuable time. Instead, capture the lesson contained in every challenge you encounter. Not to go all New Age on you, but increasingly business people are turning to meditation as a way to become more present and aware as they engage in business. Being fully present and devoid of distraction makes you more successful. You don&#8217;t have to do yoga to get there. Other forms of exercise can put you into a meditative state, and biofeedback devices can as well.</li>
</ol>
<p>Honor one&#8217;s past and use every lesson contained therein as recruiters. The lessons might come from childhood as an extension on the thesis, <em>All I Really Need to Know I Learned in Kindergarten.</em> (Share everything. Play fair. Don&#8217;t hit people.) The lessons can come from relationships with significant others or from raising children. They can come from failure and loss as much as they come from success and acquisition.</p>
<p>The secret to career spotting is developing symphonic awareness by noticing emerging and repeating patterns, the themes and counter-themes, the harmony as well as the dissonance. In the end, it empowers each of us to serve as conductor of one&#8217;s vocation and avocation.</p>
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		<title>Candidate Spotting</title>
		<link>http://www.ere.net/2007/10/19/candidate-spotting/</link>
		<comments>http://www.ere.net/2007/10/19/candidate-spotting/#comments</comments>
		<pubDate>Thu, 18 Oct 2007 19:00:00 +0000</pubDate>
		<dc:creator>Krista Bradford</dc:creator>
				<category><![CDATA[Advice and How-To's]]></category>
		<category><![CDATA[sourcing]]></category>

		<guid isPermaLink="false">http://www.ere.net/2007/10/19/candidate-spotting/</guid>
		<description><![CDATA[
There is no shortage of job applicants these days. Rather, what we have a shortage of is qualified applicants. And whenever there&#8217;s a severe shortage, posting a job often makes it worse, not better. After all, when you post you waste precious time sifting through candidates who leave you wondering why they&#8217;ve bothered to apply [...]]]></description>
			<content:encoded><![CDATA[</p>
<p>There is no shortage of job applicants these days. Rather, what we have a shortage of is <em>qualified</em> applicants. And whenever there&#8217;s a severe shortage, posting a job often makes it worse, not better. After all, when you post you waste precious time sifting through candidates who leave you wondering why they&#8217;ve bothered to apply as they have so little in common with the job requirements.</p>
<p>When you base your entire recruiting strategy on job postings to attract active candidates, you are giving up control. And that is a frightening concept. You&#8217;re left hoping and wishing, if not praying, that a contender will somehow surf by your posting and be seized by the impulse to apply for your job over every other opportunity out there. It&#8217;s wishful thinking he will send his resume off into the great unknown with no guarantee any human being will ever see it or respond.</p>
<p><span id="more-2197"></span></p>
<p>Candidate spotting is all about control. It involves identifying, profiling, and filtering passive candidates to come up with a hotlist of the most viable prospects. Instead of targeting every potential candidate at every target company, you&#8217;re going to target the passives most likely to convert to interested, qualified candidates.</p>
<p>To recruit passive candidates, it no longer is enough to simply ask, &#8220;who is working in similar roles at our competitors?&#8221; and then attempt to recruit those people. Because, my friends, you will waste an inordinate amount of time recruiting people who are wrong or who simply won&#8217;t respond to your outreach.</p>
<p>The problem with targeting everyone is that you are targeting everyone. There simply isn&#8217;t enough of you to go around. It makes no sense for you to call and email everyone, often multiple times, to transform a mountain of names into viable candidates. Who has that kind of time?</p>
<p>This is where most passive candidate efforts fail. Candidate spotting puts you in control and makes the recruiting of passives far more manageable because you turn that mountain of passive prospects into a molehill. You replace the shotgun approach with one more resembling a sniper.</p>
<p>Candidate spotting is about surveying the landscape and spotting candidates who will be more likely to be responsive and more likely to be just what you are seeking. So you start with the same list of target companies as you would with any typical sourcing project, but now you&#8217;re going to filter that list down to a select few.</p>
<p>I want you to start thinking like an investor picking stocks using stock filters, only you are an investor of a different kind. You are investing your time as well as your company&#8217;s money and resources to find the people your company needs to win in the marketplace.</p>
<p>So you take that same group of target companies out of which you plan to recruit (usually your competitors), and you filter that list down to a tight target company hotlist.</p>
<p>The number and kinds of filters you employ are limited only by your imagination. That&#8217;s where the real art of candidate spotting really comes in.</p>
<ul>
<li><strong>Filter on duress.</strong> Companies that are under duress make ideal targets. Look for poor earnings reports, depressed stock prices, mergers and acquisitions, layoffs, and rumors of layoffs. We call these opportunities &#8220;swoop-ins.&#8221; People working at companies under duress are far more likely to return your recruiting calls. So set up news alerts to track all target companies. The moment a target company experiences uncertainty, target their people. If you respond more quickly than recruiters at other companies, you&#8217;ll have first mover advantage.</li>
<li><strong>Filter on annual reviews.</strong> People often decide to leave after annual reviews. So set up alerts to follow up with candidates as those reviews are being completed. If you don&#8217;t know, they often occur at the fiscal-year end, a fact you can easily look up on information services such as Hoovers.</li>
<li><strong>Filter on cultural fit.</strong> Find out where most of your company&#8217;s hires have come from and target those companies.</li>
<li><strong>Filter on location.</strong> Target companies whose offices are closest to yours.</li>
</ul>
<p>Candidate spotting also leverages candidate profiling. Names and titles are no longer enough when so much information can be had through the Internet. Taking a moment to check for available biographical information can help you prioritize hot candidates and eliminate candidates who fall short of your standards.</p>
<ul>
<li><strong>Filter out recent hires.</strong> Generally, unless a candidate has a compelling reason to leave, job-hoppers are frowned upon. So eliminate candidates who have been on the job less than two years. We mark those in our system &#8220;on the bench.&#8221;</li>
<li><strong>Filter out odd career trajectories.</strong> Prioritize candidates whose career trajectories make sense, preferably a steady path upwards with no gaps.</li>
<li><strong>Filter out companies with high retention.</strong> Every industry has them. These are companies that are generally the market leader and who treat their employees very, very well. Unless your company is prepared to spend what it will take to lure those candidates away, don&#8217;t waste your time.</li>
<li><strong>Filter out anyone who lacks must-have requirements.</strong> It may seem obvious, but when you are working off a list of names and titles, it is impossible to tell who has requisite education or experience. That is why we profile candidates, aggregating available biographical information whenever possible. The moment or two it takes to quickly Google for additional information or to check LinkedIn can save you wasted effort recruiting the wrong people.</li>
<li><strong>Filter in award-winners.</strong> Prioritize individuals who have achieved recognition in their respective fields. This also includes inventors of patents and other forms of recognition.</li>
<li><strong>Filter in top school alumni.</strong> Prioritize individuals who have attended the best schools and with an above-average GPA. Like award-winners, attending a top school makes them stand out and more likely to get an offer over the competition.</li>
</ul>
<p>Candidate spotting is an effective way to proactively target and recruit by finding the shortest path to the best candidates. The time to try it is when you&#8217;re not finding the candidates you need using other methods.</p>
<p>If you run the filters as suggested, you can narrow your target candidate list down to a hot list of the 20 or 30 most viable prospects. The technique can be applied to executive search as well as recruiting at the non-executive level.</p>
<p>Use candidate spotting to address a single opening or a group of openings by building out research on pools of talent and then filtering on profiles according to circumstance and your own recruitment needs.</p>
<p>Candidate spotting can be outsourced or done by internal search teams. However, if it&#8217;s the latter, consult with a human capital intelligence expert to uncover the subtle patterns and markers that separate the wheat from the chaff, the rock stars from the roadies, and the Prince Charmings from the toadies.</p>
<p>In the end, you shouldn&#8217;t have to kiss every frog to find Prince Charming. You shouldn&#8217;t have to turn over ever stone. The next time you feel as if you are, it is time to try candidate spotting.</p>
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		<title>Tracking the Elusive Candidate with the Federal Election Commission</title>
		<link>http://www.ere.net/2002/06/07/tracking-the-elusive-candidate-with-the-federal-election-commission/</link>
		<comments>http://www.ere.net/2002/06/07/tracking-the-elusive-candidate-with-the-federal-election-commission/#comments</comments>
		<pubDate>Thu, 06 Jun 2002 19:00:00 +0000</pubDate>
		<dc:creator>Krista Bradford</dc:creator>
				<category><![CDATA[Advice and How-To's]]></category>
		<category><![CDATA[corporaterecruiting]]></category>
		<category><![CDATA[recruiters]]></category>

		<guid isPermaLink="false">http://www.ere.net/2002/06/07/tracking-the-elusive-candidate-with-the-federal-election-commission/</guid>
		<description><![CDATA[Whenever I am working on a search, I try to identify candidates by using unusual sources of information. I&#8217;ve come to appreciate sources I used to access as a journalist that are not typically accessed by recruiters. It gives my recruiting an edge in helping me come across undiscovered executive talent. Internet search engines only [...]]]></description>
			<content:encoded><![CDATA[<p>Whenever I am working on a search, I try to identify candidates by using unusual sources of information. I&#8217;ve come to appreciate sources I used to access as a journalist that are not typically accessed by recruiters. It gives my recruiting an edge in helping me come across undiscovered executive talent. Internet search engines only produce what is out there to begin with. If an organization is intentionally keeping some of its best executives under wraps, you won&#8217;t find mention of them in articles, on corporate websites, or as speakers at conferences. Perhaps the hidden executive is responsible for all the innovations claimed by their immediate superior basking in the limelight. Perhaps he is so busy he doesn&#8217;t have time to evangelize by giving speeches at conferences or joining industry organizations. Perhaps the CEO prefers to serve as primary spokesman for the company. All of those possibilities cause outstanding candidates to remain off-radar &oacute; unless you know more unusual places to look, places which have nothing to do with the publicity track. One such place is the database of the Federal Election Commission. Twenty five years ago, Congress created the FEC to administer and enforce the Federal Election Campaign Act, which governs campaign finance. The independent regulatory agency discloses finance information, enforces contribution limits and prohibitions, and oversees the public funding of Presidential elections. Whenever an individual makes a federal campaign contribution, the SEC records the event, along with the corporate affiliation of the contributor. So let&#8217;s take a trip to the FEC website:</p>
<ol>
<li>Type the web address into your Internet browser: <a href="http://www.fec.gov" target="_blank">www.fec.gov</a>.</li>
<p><span id="more-177"></span></p>
<li>Click on the &#8220;Campaign Finance Reports and Data&#8221; link on the left-hand column.</li>
<li>Click on &#8220;Search Campaign Finance Data.&#8221;</li>
<li>Click on &#8220;Candidate PAC and Party Summaries.&#8221;</li>
<li>Type &#8220;Microsoft&#8221; into the name field.</li>
<li>Click on MICROSOFT CORPORATION POLITICAL ACTION COMMITTEE.</li>
<li>Click on &#8220;Individual Contributions.&#8221; Voila! The search engine pulls up 611 individual contributions for just the 2000/2001 election cycle.</li>
<li>Drill down by entering the first name listed, &#8220;Abrash, Michael&#8221;, into the Google search engine. You quickly learn Michael was one of the developers of &#8220;Quake&#8221; &oacute; a god in the computer game world. He was hired by Microsoft to work on Xbox, Microsoft&#8217;s answer to the Atari video game console.</li>
<li>Skip-trace his name in the Merlin Flat Rate database (see <a href="http://www.erexchange.com/articles/db/D6CA0E11148E4820A2B241AACB18D6CA.asp">my previous article</a> on skip-tracing). Bingo. You pull up Michael&#8217;s unlisted phone number and address in Plano, Texas.</li>
</ol>
<p>Michael Abrash is an example of someone who is easy to background once you have a name. But you wouldn&#8217;t necessarily come across him without it. Often, if you don&#8217;t have the name or precise title of an executive or senior technologist, you can&#8217;t find them in Google because you pull up too many records. Try typing in &#8220;Microsoft&#8221; and &#8220;SDE Lead&#8221; (Michael&#8217;s title) in Google, and watch your head explode. But the really neat thing about the FEC database is it not only gives you the names of employees, it also gives you the titles as well. When starting a search, ask yourself what government agency has dealings with that business or with individuals working there, then check to see if the data exists online. The FEC is a great place to start. The nice thing about checking government records is that so many of them exist. Just think about the points of contact any individual has with government: voter registration, driver&#8217;s licenses, divorce court, the IRS. At each of those points of contact exists a record &oacute; the famed bureaucratic red tape about which everyone complains. Only this time, don&#8217;t complain! The information can be used to a recruiter&#8217;s advantage.</p>
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		<title>Investigative Recruiting: Using a Skip-Tracing Database</title>
		<link>http://www.ere.net/2002/04/26/investigative-recruiting-using-a-skip-tracing-database/</link>
		<comments>http://www.ere.net/2002/04/26/investigative-recruiting-using-a-skip-tracing-database/#comments</comments>
		<pubDate>Thu, 25 Apr 2002 19:00:00 +0000</pubDate>
		<dc:creator>Krista Bradford</dc:creator>
				<category><![CDATA[Advice and How-To's]]></category>
		<category><![CDATA[corporaterecruiting]]></category>
		<category><![CDATA[recruiters]]></category>

		<guid isPermaLink="false">http://www.ere.net/2002/04/26/investigative-recruiting-using-a-skip-tracing-database/</guid>
		<description><![CDATA[Whenever you are working on a candidate search, a number of potential candidates inevitably come up &#8220;missing in action.&#8221; The switchboard informs you the executive is no longer with the company, for example. And often, that is where the search for those executives will end. Who has time to find them? Moreover, even if you [...]]]></description>
			<content:encoded><![CDATA[<p>Whenever you are working on a candidate search, a number of potential candidates inevitably come up &#8220;missing in action.&#8221; The switchboard informs you the executive is no longer with the company, for example. And often, that is where the search for those executives will end. Who has time to find them? Moreover, even if you wanted to track them down, how could you possibly find them if they have moved out of state? And besides, how could you possibly contact them if their phone number is unlisted? The easiest way to draw a bead on the executive&#8217;s new location, of course, is to find out who their executive assistant was and to ask that person for their former boss&#8217;s new contact information. If the secretary is unwilling to provide you with that information, simply have them get a message to that person to contact you. Another pain-free method is to enter that executive&#8217;s name and former company into the <a href="http://www.google.com" target="_blank">Google search engine</a> (my favorite) or into other various news databases to try to pull up the announcement of where that executive landed. Sometimes adding the word &#8220;joins&#8221; to the search string of phrases typically used in news releases announcing that an executive joined the executive team will do the trick. But if you strike out there, what&#8217;s a recruiter to do? Well, don your fedora, pull on your gumshoes, and do what any self-respecting detective would do: search a skip-tracing database or visit a skip-tracing portal. Skip tracers are services that track down people who&#8217;ve moved (skipped town) in order to avoid prosecution or to avoid paying their bills. These services provide stunningly identifying information to law firms, banks, and creditors, as well as insurance and government agencies. But they also provide information to journalists who need to find sources to report the news. I became familiar with skip-tracing databases while working as an investigative reporter and television journalist. After founding my own investigative recruitment research business, I decided to use the databases to track the elusive executive. Because these databases contain seriously identifying information that often includes social security numbers, a series of current and former addresses, and unlisted phone numbers, the average Joe isn&#8217;t allowed to subscribe. A business must demonstrate that it is indeed a legitimate business and that it will use the information for the greater good. (There has been a movement to make such information harder to acquire out of the fear that stalkers will use this information to track down their prey &oacute; a not entirely unrealistic concern.) I currently use Merlin Flat Rate (you can call (888) 259-6173 for a free demo). It&#8217;s affordable and easy to use. It allows you to search using different combinations of information, such as name and state, name and city, address and city, and address and zip code. You can also search by name and birth date or social security number. The process is simple and takes just a few minutes. Here&#8217;s how it works:</p>
<ol>
<li><b>Obtain the executive&#8217;s middle initial.</b> Whenever the executive&#8217;s name is somewhat common, I start my detective work by quickly locating a middle initial of the executive I am seeking. Why? Often a skip-trace search will pull up hundreds of John Smiths in a state, but if you know you&#8217;re looking for John Q. Smith, you&#8217;ve just winnowed that list down to a handful of possibilities. Sometimes you can obtain a candidate&#8217;s middle initial by searching the Internet for corporate biographies or press releases. Sometimes you can find it in speaker biographies at conferences. SEC filings are also a good resource to check. Better yet, check out transcripts of testimony in court or before congress &oacute; often the most fertile sources of a middle initial, as it is standard protocol to cite a person&#8217;s full legal name in legal situation (the recent Microsoft antitrust lawsuit has been quite fruitful for my technology recruitment practice in that regard).</li>
<p><span id="more-1121"></span></p>
<li><b>Determine the last known state the person lived in.</b> Usually it&#8217;s the same state as the person&#8217;s last known employer.</li>
<li><b>Log on to your skip-tracing database and try running name-state searches.</b> Make sure you try various permutations of the person&#8217;s first name (Joe, Joseph, Joey, etc.). Start with the version that the person goes by most often. Try searching with and without the middle initial (on Merlin, you don&#8217;t enter a period after the initial).</li>
<li><b>When you pull up several people with the same name and state, use <a href="http://www.mapquest.com" target="_blank">Mapquest</a> to pinpoint the right executive.</b> Common sense tells you if that person used to work for Company X in Texas, he had to live in the same city or at least in a suburban town within commuting distance of the corporate office. So enter the former company office address in the Mapquest driving directions interface and then, one by one, enter the addresses of the five &#8220;John Q. Smith&#8221; listings you pulled up in Texas. Mapquest will compute how long the commute is for each of the five. If for some reason there are a couple of people within commuting distance, check the date of birth and do the math. If one of the John Qs is 92, chances are he&#8217;s retired and this isn&#8217;t your man. Or if the candidate you seek is a senior-level executive, but the database has a John Q listed who is just 25, again, eliminate him.</li>
<li><b>Click through to find the current address.</b> When you&#8217;ve narrowed the list down to the right executive, click on the old address and it will pull up every former address belonging to that person, including the current address. Bingo. You&#8217;ve just discovered where the executive is now living. If you&#8217;re still winnowing, the address list is a chronology of where the person has lived. So if you know your executive worked in New York before moving to Texas to join his former employer (and before becoming MIA), then you know your John Q has to show a New York address.</li>
<li><b>Look up the right area code.</b> Often Merlin lists a current phone number lacking the area code. Merlin provides an area code lookup in its interface. I prefer to use <a href="http://www.langenberg.com" target="_blank">Langenberg.com</a> for this.</li>
<li><b>Call the executive.</b> If the number is out of order, don&#8217;t despair. Call directory assistance and ask for a listing for the executive now that you&#8217;ve located his or her new address. Nine times out of ten, you&#8217;ll get the listing that way.</li>
<li><b>If you can&#8217;t come up with the right phone number,</b> send a letter to that address (or a business gift if he or she is a star candidate).</li>
<li><b>If time is of the essence, Merlin can pull up the listings of neighbors.</b> Simply contact them and ask if they have the executive&#8217;s home number or if they&#8217;re willing to carry a message to the executive. Tell them it is for a time-sensitive job opportunity.</li>
<li><b>Contact their relatives.</b> Merlin also pulls up the names of people who&#8217;ve lived in the same household &oacute; spouses and grown children, for example. If you&#8217;re still hitting the wall, try contacting them to find the executive.</li>
</ol>
<p>If you give up trying to recruit a valuable executive when they turn up MIA, you&#8217;re missing a chance to close the search. I once tracked down a key AT&amp;T executive who had just left the company and was contemplating various opportunities that were on his plate. His home number was unlisted. But by using a skip-trace database, we were able to pull his home number and recruit him as a marquis-name chief marketing officer for a best-of-breed startup here in New York. Investigative recruitment certainly has its rewards.</p>
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