Leadership

How to Hire Better Talent

November 23rd, 2020 by Amy Suitter

How To Hire Better Talent

Selecting the Right Candidate

Successfully finding and hiring the best people is largely based on selecting the right candidate during a hiring process. We often see postings with a laundry list of requirements relating to very specific experiences, industries or even technical requirements such as software skills. These items are typically taken right off the job description. This leads to the assumption that someone who checks all the boxes or has performed a similar role will be the best person to hire. Why is this likely the wrong approach? Let’s consider these six options.

1. What are the odds that the perfect “experience” candidate is also the best potential performer? Even if the candidate that checks all the boxes is out there, it would be like arranging the moon and the stars for that person to also be the best performer or talent available. It is very often not the case.

2. Often the job description does not address what you are looking for the person to accomplish. Make a list of desired outcomes for the prospective hire. This provides a better screening guideline.

3. What factors do you consider when you promote someone from within? Do you look at years of experience and check lists of requirements or do you consider their performance? Why not look at the same factors for external candidates?

4. You want to expand the field of candidates, not limit it. The best candidates typically evolve out of a larger pool, rather than a limited one. Despite the pandemic, we are still in a talent short market, and painting yourself into a corner with a long list of requirements will not help you hire the best person.

5. Don’t “fall in love” with a particular attribute or experience. E.g. Worked for a specific competitor or company, degree from a certain school, or other singular “WOW” factor. These biases or perceptions often have little to do with actual performance.

6. Finally, don’t disqualify a great candidate because of a particular factor. Just because you had a bad experience hiring someone from a certain company or with a certain background, it doesn’t mean that it applies to all candidates with that attribute. We all have a tendency to project our past issues forward, but it is important to stay objective and be open-minded, so we aren’t screening out someone that may be a great fit.

How to Hire Better Talent

Do you have a strategic HR function?

August 4th, 2020 by Amy Suitter

Do you have a strategic HR function?

Where is HR in your company? We often hear the euphemism “seat at the table” as a descriptive term to determine whether a human resource function truly participates in steering company strategy. Does your HR function have a “seat at the table”? The human resources function plays a key role in the operating of a company. These traditional roles include; managing policies and discipline, employee administration, benefits and payroll. They resolve people issues and support managers in hiring, training and managing labor practices. They are often the fixer of other people’s problems. They are often the advocate or voice for employees. Everyone will agree these are critical functions to do well. Many companies operate just fine with a tactical but not strategic human resources function. Many of these companies get exactly what they want and expect from HR. In order to get to the next level it is likely that a more evolved HR function will be necessary. The need might be driven by increased competition and rising performance expectations or a need for more consistency throughout an organization. Organizational development facilitated by a professional is invaluable from the standpoint of succession planning and talent optimization. Organizational effectiveness and culture leadership can make the difference in sustaining the culture of an organization through these large changes. You may need executive compensation advice, improved HR technology or a more sophisticated performance management system. In reality, you probably need it all. We will further explore by asking questions to understand your current state and then offer five characteristics of a strategic HR function

Start by asking these questions

1. Where does HR report? It is often the case HR reports to either Operations (largest number of employees) or Finance (budget or compliance reasons). Often in these situations HR is not at the decision table. You may have good reasons for your structure but HR should ideally report to the top of the house for it to carry the right strategic weight.

2. Is your HR leader trusted and respected by the senior leadership team? This person needs to have iron clad relationships with the other senior executives.

3. Is HR primarily a compliance function? Are they obstructing needed change and growth? HR needs to proactively lead talent strategies to help the company move forward.

4. Can your HR Leader perform GAP analysis? Are they using KPI’s to measure success? Are they a business person as well as an HR person? Do the goals within human resources support the overall goals of the organization?

5. Do you view your HR function as modern? Do they look around the corner and at future trends? Do they embrace technology? What is the “employee brand” of your organization? What is their role in advancing the culture of the company?

5 Strategic HR Roles

1. Human Capital Expert – Maximizing the contribution of everyone within the organization. Talent acquisition and management strategies, training and leadership development, succession planning.

2. HR Strategist – Adapts both workforce and leadership structure to align with the future. Organizational development and effectiveness, measure results, survey, correct course as necessary.

3. Culture Keeper – How is the culture communicated? Are we “Walking the Talk?” Is the culture reflective of where the company wants to go? Does it represent what is “right” vs. what is expedient?

4. Change Manager – change occurs via people. Is the HR Leader the change leader (or one of them) within the organization?

5. Advisor/Consultant to CEO – Ensure HR goals and strategies are aligned with organizational goals and strategies. Key consultant and confidante within the senior leadership team.

Information from this article was a collaboration between WilliamCharles and Steve Crandall. Steve Crandall is an Executive HR professional, leadership coach and Master Trainer (L.E.T) Learn more about Steve at https://www.crandallpartners.com/principals-bio.

How to Approach Succession Planning

February 22nd, 2018 by Amy Suitter

Succession Planning

FUTURE GROWTH AND CONTINUITY

Many companies consider succession planning a key strategy for future growth and continuity. What considerations are necessary to this process? Many organizations consider succession planning to merely be an activity identifying replacements for incumbent positions. I find this to be self-limiting, and indeed, increasingly ineffective because of the fast rate of change, turnover and organizational fluidity. Instead, many organizations have developed a broader process by which a bench can be built without specifically targeting future positions. Job rotation immersions, talent utility pools, cross functional training and other activities can build the skills of future leaders without committing them to a specific function. This gives the organization flexibility for the future while giving high potential staff recognition and a challenge to develop a broader skill set.

Are you saying that there shouldn’t be specific target replacements for positions? Of course, this often makes sense. Say for instance that the Finance area has a CFO who is about to retire and the Controller, just below this position, is performing well and has the capacity to succeed the incumbent. This would seem natural and a given career opportunity for the Controller. However, in many other cases, especially regarding top management positions, it is generally unwise to predict how the future will unfold and lock in a specific transition. Unless the change is imminent, things can change very quickly and alternatives are important. Even in this example, while the Controller might be a logical successor, if might also make sense to ask, given this vacancy – is this the model we need going forward and can the Controller rise to that- if it is significantly different. Succession planning is about developing options for filling positions and development of staff which gives multiple opportunities – not locking in a particular map.

Some might be concerned that if we develop a good bench, but don’t have positions available, we may lose our good work and talent to someone else. That’s always a possibility, but not a good reason not to invest in development and career opportunities for staff. Without it, your high potential people will leave anyway because they don’t see a future or commitment to their growth. They are always marketable. So, the burden is on the organization to see to it that positions are developed, or indeed invented, to challenge their best talent.

Do these same principles apply to private or family held organizations? Yes and no. To the overall staff, the principles apply the same. For the owner(s) and next generation succession, roles of family in the organization are very different. Research shows that only around 30% of all family owned businesses survive into the second generation, only 12% will survive into the third, and only 3% make it to the 4th generation and beyond, according to JSA Advising, a family business consulting firm. While there are many reasons for this, in my experience the most prevalent are:

• Failure to accurately assess the skills, potential and interest of next generation family members.

• Failure to develop and deploy a transition plan from current generation to the next: roles, responsibilities, governance, etc.

• The mistaken assumption that the criterion for succession is being a family member. A good, but often painful exercise is to ask, “If the next generation were not related to the family, would I hire these people?”

• Failure to candidly deal with wealth and control succession, along with management succession.

Sounds like a pretty precarious environment! It can be, but doesn’t need to be. In my practice, the companies that have most successfully moved control to the next generation have done so because there was deliberate hard work and thinking on the front end, new management was qualified, committed and well trained, departing management/owners were actively willing to release the reins, and the organization was healthy enough to handle these changes.