Posts Tagged ‘STREAM’
Wednesday, September 15th, 2010
Corporate recruiting provides your company’s lifeblood: talent. Without people, of course, nothing gets done … and without the right people, nothing gets done well. Your team, through effective sourcing and interviewing, is instrumental in keeping the business running and growing. Yet, these efforts are rarely recognized as instrumental to your organization. Corporate recruiting has always suffered from a low profile in most businesses, which often makes it difficult to get the resources you need to operate effectively.
To gain the recognition that your corporate recruiting team deserves, you need to position it as being of strategic value. You have an opportunity to do this every time you fill a key, high-profile req. You just need to manage the recruiting process effectively internally, and that starts with forging the right partnerships.
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Tags: Corporate Recruiting, STREAM, talent pool, talent pools
Posted in Process | No Comments »
Monday, September 6th, 2010
In an employment market like the one around us today, your hiring managers may tend to find passive candidates far more appealing. After rounds of layoffs and pay cuts, those who have held their ground are usually among the best at what they do. So, when the reqs start to open up, corporate recruiters are looking to seize talent from their competitors: they want a competitive edge. If you’re out on the prowl for passive candidates, however, you need to be ready for a unique set of challenges.
The obvious, of course, is that passive candidates aren’t looking. You need to find them, entice them and sell them on your opening. You need to make it clear that it’s worth their time to engage with you and that the upside related to doing so is profound. Further, the experience needs to be tailored to someone who knows that you’re the party that wants something.
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Tags: candidates, hiring managers, job market, STREAM, talent, talent acquisition
Posted in Strategy | No Comments »
Wednesday, September 1st, 2010
The hiring process is built on questions and answers. You ask candidates about their motivations, skills and experience. They ask you about the company and the work environment … not to mention compensation and career paths. At its best, there’s an easy and comfortable back-and-forth, and everyone walks away from the process well-informed. When the process is one-sided, however, it can feel like an interrogation, with only the bare light bulb missing. This dynamic is unproductive and probably won’t lead to satisfaction on either side.
The interrogation problem is particularly prevalent when a corporate recruiter is talking to passive candidates. A lot more selling is required, and the prospect has fewer reasons to engage directly. The recruiter may feel the temptation to pry information from the candidate – and talk too much while doing so – ultimately tainting the interview and costing the company a strategic hire.
The results of an interrogation speak for themselves.
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Tags: candidates, hiring, interviewing, STREAM
Posted in Process, Strategy | No Comments »
Wednesday, August 25th, 2010
Short-sightedness is the current curse of corporate recruiting. As company executives remain focused on the day-to-day swings of the market and economy, they are overlooking an opportunity to lay the foundation for future growth – by bringing in revenue-producing employees. Everyone is feeling it, of course, which is what creates the opportunity in the marketplace for you to secure a competitive advantage.
According to a post on Monster’s “Recruiting and Hiring Advice” blog:
This resistance cuts across the industry, from temp agencies to retained search firms. “Employers are hesitant to hire non-contingent workers, so they’re hiring contingent employees,” says Tony Gregoire, senior research analyst at Staffing Industry Analysts. “Often they’re even skittish to hire contingents. There is growth in staffing, but it’s spotty. We project 16 percent revenue growth for industrial staffing in 2010, but healthcare should see a 3 percent decline in revenue.”
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Tags: candidates, Corporate Recruiting, hiring, outsourced recruiting, outsourcing, recruiting outsourcing, STREAM
Posted in Strategy | No Comments »
Monday, August 23rd, 2010
After a severe financial crisis and signs that the economy has turned the corner, we’re all eager for a recovery, however cautious, to get under way. But, what happens if that isn’t the case? There are signs that some risks could flare up again, which would require a fast change from any plans you currently have in the works. Since traditional corporate recruiting tends to have a fairly long lead time, this could leave you in a tough position.
I ran into a story on FINSwire that claims some investment banks may be instituting pay cuts and layoffs in the coming months, with up to 20 percent of them being cut. This is not a trivial amount. And as we all know, action in the financial services industry has a way of affecting everyone else.
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Tags: economy, financial crisis, financial services, financial services industry, risk, risk management, STREAM
Posted in Strategy | No Comments »
Wednesday, August 18th, 2010
Could it be this bad? A 60 Minutes story, according to Harvard Business Review, claimed: “A new breed of American worker is about to attack everything you hold sacred …”
Cross-generational tension is nothing new, of course. Generation X and the Baby Boomers have always struggled to find common ground, and the Boomers had to cope with substantially different worldviews – and treatment – from its predecessor generation. HBR continues:
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Tags: Baby Boomers, Generation Gap, Generation X, Generation Y, generations, hiring, Millennials, STREAM
Posted in Strategy | No Comments »
Monday, August 16th, 2010
After struggling through the worst financial crisis and recession in decades, it’s easy to stay back on your heels. Businesses have become accustomed to protecting budget and market share: they’ve been playing defense for more than two years. So, it’s hard to change your mindset and starting thinking about winning again.
But, you don’t have a choice.
The companies that will accelerate into a recovery, win new business opportunities and seize market share will be those that play to win – today. For corporate recruiters, this starts with talent management, as noted by Jeff Schwartz, global leader for Deloitte Consulting’s organization and change service line.
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Tags: Corporate Recruiting, economy, financial crisis, recession, STREAM, talent pool, talent pools
Posted in Series Index | 1 Comment »
Wednesday, July 28th, 2010
Hiring managers need an education, and it’s your job to deliver it. The ebbs and flows of the talent market – along with the economy as a whole – don’t always have what you would consider to be a predictable impact on their expectations. In today’s market, in fact, hiring managers look to high rates of unemployment and a relatively small number of open reqs and draw, what for them, is the obvious conclusion: it’s pretty easy to hire right now.
Unless you’re in the corporate recruiting field, this is an understandable line of thought. There aren’t many positions, and there are a lot of people jockeying for them. This must mean that a company has its choice of candidates and that hiring managers can expect that those you bring in for interviews will be the best of the best.
If only it were that easy …
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Tags: candidates, hiring managers, job market, STREAM, talent market, unemployment
Posted in Intelligence | 1 Comment »
Wednesday, July 7th, 2010
Now that we’re feeling the economy start to turn, it’s all too tempting to try to undo the staff and budget cuts of the past two years. The squeeze from the market isn’t as potent, and companies are again thinking about investing for the future. With this shift comes many, many requests for a few extra budget dollars – especially for headcount. Before you start asking for corporate recruiting bodies, though, evaluate your options. You’ll find you can get the desired result, but at a far lower cost.
The staffing rush that’s bound to begin soon (if it hasn’t already) is principally the result of confidence in the recovery. Even though we still have a long way to go, the light at the end of the tunnel is visible, if not yet bright. To prepare, and because confidence has a tendency to loosen budgets, companies are beginning to reassess their talent needs.
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Tags: Corporate Recruiting, ROI, STREAM
Posted in Intelligence | No Comments »
Monday, July 5th, 2010
Employees are becoming more comfortable with the idea of switching jobs. At the peak of the recession, workforce aversion to personal risk was high, especially as unemployment pierced the double-digit threshold. Now that conditions have calmed, and many believe a recovery is in progress, many employees are likely to seek greener pastures, especially if they can secure more income, flexibility or other perks in the process.
This presents both risk and opportunity. Talent availability is poised to spike, as top players look for ways to recoup missed promotions and raises that were rendered impossible by the after-effects of the financial crisis. At the same time, there’s increased likelihood that your own company’s talent will head for the door.
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Tags: candidates, financial crisis, HR, human resources, recession, STREAM, talent, talent market, talent pools, unemployment
Posted in Intelligence | No Comments »
