Hiring and Staffing Strategies Leveraging Today’s Employment Market Southeastern Accounting Show Wednesday, August 18, 2010 3:20 p.m. – 5:00 p.m. Cobb Galleria Centre; Atlanta, GA Dan Erling, President of Accountants One The Goal Agenda • The Goal • Introductions • Credentials and Elephants • Strategies for Leveraging Today’s Employment Market 1) Understand your Company Culture 2) Write Realistic and Useful Job Descriptions 3) Conduct Behavioral Interviews 4) Obtain REAL References 5) Improve Retention through On-Boarding 6) Utilize our Unique Hiring Market • Q&A • The moment of truth Introductions Credentials and Elephants Our recruiting success rate since 2003 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Contract Direct Hire 2003 2004 2005 2006 2007 2008 2009 The Elephant in the Room The Elephants in the Room I run a Search Firm Unemployment is 10% in GA Strategies for Leveraging Today’s Employment Market Belief #1 CULTURE MATTERS A LOT Technical skills account for only 25% of a successful hire while Corporate Culture accounts for 75% of a successful hire. “The thing I have learned at IBM is that culture is everything.” -- Louis V. Gerstner, Jr. former CEO IBM Strategy #1 Understand your Company Culture Cultural Scorecard 1. Decision-Making Guiding question: How are decisions generally made – by consensus or by leadership? By Consensus 1 2 3 4 5 6 By Leadership 7 8 9 10 Cultural Scorecard 2. Communicating Guiding question: How do people relate to each other: in a formal and detached way, or in a more informal, personable way? Formal 1 2 3 4 5 6 7 Informal 8 9 10 Cultural Scorecard 3. Procedures Guiding question: Are you organized around roles (favors consistent procedures) or around talents and skills (favors flexible procedures) Flexible 1 2 3 4 5 6 7 8 Consistent 9 10 Cultural Scorecard 4. Innovation Guiding question: Does your company innovate and develop revolutionary products, or does it stick to its core offerings, progressing in steady stages? Revolutionary 1 2 3 4 5 6 7 8 Steady 9 10 Cultural Scorecard 5. Employee Makeup Guiding question: Are employees people who seek meaning in their work or are they a resource hired to do what the company wants them to do? Seek meaning 1 2 3 4 5 6 7 Resource 8 9 10 Cultural Scorecard 6. Teaming Guiding question: Do you reward individuals for what they contribute to groups, or do you reward groups for how they nurture individual development and initiative? Individuals 1 2 3 4 5 6 7 8 Groups 9 10 Cultural Scorecard 7. Winning Guiding question: Is your company a world of competing rivals, or a world of cooperation and partnerships? Cooperative 1 2 3 4 5 6 7 Competitive 8 9 10 Cultural Scorecard 8. Profits Guiding question: How much emphasis does your company put on shortterm shareholder value versus long-term economic value for all stakeholders? Short-term 1 2 3 4 5 6 7 Long-term 8 9 10 Belief #2 Time spent on a job description on the FRONT END of a candidate search is time well spent. Belief #2.5 Time spent on a job description on the FRONT END of a candidate search is time well spent. This is more important RIGHT NOW than EVER BEFORE! From Jack Welch: Understand: hiring correctly is critical, difficult work Accept: hiring based on your belief that you’re a great judge of people virtually guarantees failure. Commit: to an objective hiring process. "Hiring good people is hard. Hiring great people is brutally hard. And yet nothing matters more in winning than getting the right people on the field." Strategy #2 Write Realistic and Useful Job Descriptions REALISTIC and Useful Job Descriptions Objective #1 Objective #2 Objective #3 EVALUATION Belief #3 Behavioral Interviews are superior to traditional interviews. From Jim Collins: Greatness is not a function of circumstance. Greatness, it turns out, is largely a matter of conscious choice, and discipline. Strategy #3 Conduct Behavioral Interviews Behavioral vs. Traditional Interview Questions Traditional Interview Are you good with Excel? Behavioral Interview Describe an instance where you used Pivot Tables. Traditional Interview Are you an organized person? Behavioral Interview When has your Whatdid How project you organizational management organize the last style caused you tools doyou project you to miss a utilize? managed? deadline? Belief #4 You can gather information that is true, insightful, and helpful in a reference call. It takes a wise man [or woman] to discover a wise man [or woman]. - Diogenes Laërtius, c. 200 AD Strategy #4 Obtain REAL References Behavioral vs. Traditional Reference Calls Traditional Reference Call On a scale of 1 to 10 how good is ____ with Excel? Behavioral Reference Call Describe how _____ used Pivot Tables. Traditional Reference Call Is ____ an organized person? Behavioral Reference Call When did What project ______’s How did ____tools management organizational organize the last does _____ style cause project he(and / she effectively him/her to miss a managed? ineffectively) utilize? deadline? Belief #5 An on-boarding process is a worthy investment and one that can positively affect retention. From Peter Drucker: “People decisions are the ultimate – perhaps the only – control of an organization. People determine the performance capacity of an organization. No organization can do better than the people it has.” Strategy #5 Improve Retention through On-Boarding Onboarding check list sample (part 1): Department/Payroll Info • W-4 Federal form completed and sent to Payroll • W-4 State form completed and sent to Payroll • Patent Policy Form • Conflict of Interest policy statement • Ensure employee has accessed the Employee Link to confirm Personal Data and to provide Emergency Notification Contact • Confirm with employee the name and phone number of Employee Relations Representative Human Resources • Complete I-9 • Conflict of Interest Employment Form completed • ID number issued by Human Resources • New Employee Orientation scheduled by HR for __________________ Access Information • Establish Email account • Establish access to appropriate PC access and files • Provide access to Company Intranet • Passwords issued • Establish phone extension • Activate voicemail • Provide long distance access code • Add employee’s name to any email group lists, distribution lists, internal/office phone lists and/or website Onboarding check list sample (part 2): Departmental Orientation and Office Access • Inform staff of employee’s arrival • Set up and clean office space • Obtain office supplies • Establish training schedule • Establish office mailbox • Introduce employee to staff on first day Bring on tour of building/office/facilities including lunchroom, emergency exits, and restrooms • Indicate location of parking lot / rapid transit station • Provide keys (office, building, desk, file cabinets etc.) • Provide security codes if necessary • Show location of fax machines, copiers, printers etc.; provide instruction and any access information • Review dress code and office protocol • Explain completion of timesheet • Review pay schedule • Confirm work schedule Relevant Work Related Items • Business cards • Nameplates • Name badge • Pay card • Cell phone • PDA • Laptop • Uniforms • Manuals/handbooks • Tools • Other _______________________ Belief #6 A company can improve their bottom line through staffing strategies. Nothing our company does is more important than hiring and developing superior talent. - Larry Bossidy, Chairman and CEO of Honeywell (retired) Strategy #6 Utilize our Unique Hiring Market Utilizing our Unique Hiring Market • Part-Time Contractors • Temp-to-Hire Solutions • Flexible Contract Staff • Reducing/Replacing Salaries • Upgrading Talent Q&A www.danerling.com The Moment of Truth Hiring and Staffing Strategies 1) Understand your Company Culture 2) Write Realistic and Useful Job Descriptions 3) Conduct Behavioral Interviews 4) Obtain REAL references 5) Improve Retention through On-Boarding 6) Leverage our Unique Hiring Market VALUE?