As part of the
Big Bad Recruiting Blog
Swap, today's post is
brought to you by David Perry
The
talent wars are back --- with a
vengeance. Are
you ready? Are you positioning your company to win?
More than ever in our history, huge value
is being leveraged from smart ideas - and the wining technology and business
models they create. So the people who can deliver them are becoming invaluable,
and methods of employing and managing them are being transformed – just as
baby-boomers are retiring in record numbers.
The pundits refer to this as a candidate driven market.
In my world of high-stakes executive
search this is always the case – too much demand for too shallow a talent
pool. And as usual the candidates that
you are looking for are not looking for you. They already have a job - almost
certainly a good job. They will not be scanning the "Careers" section and likely
aren't spending hours upon hours cruising the boards. They're heads down producing wealth for one
someone else.
How you attract and land the star
candidate you want requires more than a checkbook. Without overpaying for the
identified Value, how do you meet the needs of the human being you are dealing
with? What value requirements
does he or she have that you could fill?
Fifteen years
ago Jeannette Symons co-founded Ascend Communications. It was sold a few weeks
after her 35th birthday for $20 billion, in the biggest tech. merger ever. For
her and many like her, the operation was not about money.
Jeff Bezos, whose wealth has swollen to about
$5-billion from his success as CEO of bookseller Amazon.com, spends about 12
hours a day at work, six days a week, and helps stock shelves with his
lowest-paid employees. Bezos tells them there is no time to slow down and smell
the roses, because the Internet is still under construction.
For many top performers - especially the non-executives - it's not about
money. It's about changing the world. Today's
knowledge workers do not want to be managed, they want to lead: to be trusted.
They need to be empowered with the right information to make sound decisions, to
grow the business and to be part of a community that is contributing to
something worthy of their time and energy. Witness the people at Google and
TypePad to name just two.
Listen
and Learn now
In literally thousands of pages of
articles, research documents, and interview transcripts, what comes through loud
and clear was that the high tech industry, in its battle for human resources,
has stagnated into a bidding war where the only winner is the company with the
deepest pockets. "Shrimp wars", gift baskets ,three raises a year, beer fridges,
pool tables, planes towing banners, booths set up at gardening shows, paid
tuition, options, flexi-hours, and the list goes on - when does it all stop and
at what point does one realize that the war, fought in this way, is lost
already?
Those companies with the highest
profile - Cisco, Microsoft, Google, etc -
have already won. And they'll continue to do so until a company like yours
changes the rules or plays the game differently…
It's Not The Money
The people who you're after define who
they are by what they do- and where they do what and they do. There is nothing
they love more than to face a challenge and accomplish what's never been
accomplished before - it's how they work, play and complete among
themselves.
The power of individual accomplishment
within an organization is one of the single most important strategic elements
that must come through in your pitch. People, the people that we want to talk
to, need to know, for selfish and unselfish reasons, that they can make a
difference.
Back in the late 90's [oh doesn't it
seem ages ago?] one of the most starting things was an employee survey done at
Oracle that indicated people don't actually want to move around. As long as they
can believe that they are working for and with the best, they're happy to stay.
Likewise, one of the key elements that potential hires look for is the training
offered at a company. Essentially, what training seems to mean to these people
is "marketability" should they need or want to leave a company.
What both of these issues say to us is
people need and want stability. People would rather deal with change in the
job they do. not where they do that job.
The ability of a company to be
structured in such a way that will allow the individual to succeed, as part of a
team of top performers, is the key to attracting people. Many companies now provide techies with two
career paths – technical or management whereas before people "went up and out"
in order to advance in both responsibilities and income.
For a company to promote itself
effectively it must make both a logical and emotional connection with the
consumer. Recruiting "super star
candidates" is no different! The needs of the recruit must be reflected at
both an emotional and logical level, and the company can't present an
image that is boring, staid, or traditional.
You must present an emotionally-based image of dynamism, youth and
forward movement.
Be wary, aging Baby-Boomers are a
slimmer portion of our target market now.
Our audience is young, educated and motivated. They represent the elite
of the work force. Every technology company in every technology market wants
them.
Recruiting today
Requires wetreat each potential recruit as an individual, providing a personalized -
even customized response - to their needs. The
emotional appeal of a company that offers individual meaning, status and project
glory, will upset the predictable offers of the conformist companies you compete
with.
Winning doesn't require you to think
outside the box – it demands you live there!
********************************
David is Managing Director of the executive search
firm Perry-Martel International al Inc. and co-author of Guerrilla
Marketing for Job Hunters as well as author of Career Guide for the
High tech Professional.