Every sport has rules, even pickup games. We even have rules for our
kids - when they can watch TV, play video games, go to bed, etc.
Business has rules for just about everything - important things like
capital expenditures, accounting, SEC reporting, and product design and
testing; or less important things like how to dress, when to come to
work, how to earn vacation, and how to fill in expense reports. What's
surprising is there aren't any rules for what's supposedly the most
important thing a company needs to do - hire and retain top talent.
To fill this void I decided to go on a mission to find, collate, and disseminate The Official Rules for Hiring Top Talent. Here's the basic list.
The Condensed Version of The Official Rules for Hiring Top Talent
- Clarify expectations before you start looking.
Make sure everyone on the hiring team knows what the person taking the
job needs to do. It's more important to focus on what the person must
accomplish, rather than the skills the person needs to have. This way
you have a better chance to find someone both competent and interested
in doing the work.
- Create an Employee Value Proposition.
Before you start looking ask the hiring manager "Why would a top person
want this job?" If you can't come up with at least six credible and
down-to-earth reasons, you won't be able to hire a top person, so you
might as well stop looking.
- Implement top talent-centric sourcing programs.
Make sure your active and passive candidate sourcing plans are based on
how top people in these groups look for work, not on how average people
look. If you have boring ads that are hard to find, you won't find any
good people. If you have compelling ads that top people can find using
Google, you're playing the game correctly. If you're calling a top
passive person on the phone, make sure you leave a powerful message to
ensure the person will call you back. You need to score a 75% callback
rate to be in the game.
- Everybody on the hiring team must know real job needs.
Top people will opt out of the process if they meet members of the
interviewing team who don't really understand the job or are weak
interviewers. Not knowing the job is equivalent to taking the ball away
from your own team.
- Be prepared and on time for all interviews.
Not only is this common courtesy, it's also common sense. Aside from
turning off a potential star, unprepared interviewers also tend to vote
"No" more than "Yes," since it's a safer decision. Unfortunately, one
"No" vote can offset two "Yes" votes.
- Use the official scorecard for assessing the full range of job success factors.
More research has been done around assessing leadership, job fit,
potential, and the ability to achieve results. Competency modeling
isn't it. Here's The Official Scorecard to use that measures the 10 best predictors of on-the-job success in a balanced way.
- No one interviewer has a Yes/No vote.
Use the interview to collect information, not make a Yes/No decision.
The best way to do this is to assign each interviewer a few factors on The Official Scorecard
to evaluate during the interview. Interviewers tend to do a better job
when they're assigned a narrow range of factors to evaluate.
- Use facts to reach consensus, not intuition, emotions or feelings.
All of the interviewers need to share their information on each of the
10 factors. If there is more than a one point disagreement on any
factor, additional interviews must be conducted.
- No 2s!
A Level 2 grade is a person who is competent in one of the factors, but
not motivated or requires too much supervision. While they sound good
in the interview, managers need to exert extra energy to achieve
average results. Hiring Levels 2s is the quickest way to lose the
hiring game since there's no time to develop your best people.
- Foster disagreement and discussion.
Start the debriefing session talking about positives and start with the
lower ranking members of the hiring team. Discussions about negatives
or high level managers pontificating about strengths or weaknesses
prevent open and meaningful dialogue.
- Use an official scorekeeper. Accredited recruiters need to lead the formal debriefing session. This keeps everyone honest.
- Sell on opportunity, not compensation.
Top people are more interested in the growth opportunity as long as the
compensation is competitive. If you can't present your opportunity as a
great career move, instead using money as the primary lure, you've
already lost the game.
- Use The Official Multi-factor Close Scorecard to eliminate the competition and minimize counter-offers.
The best people consider multiple factors when comparing opportunities.
This includes things like job stretch, career growth opportunity, the
impact the person can make, the hiring manager as mentor and leader,
the quality of the team, the company culture, the company's strategic
vision, its growth prospects and work/life balance, as well as the comp
and benefit package. Make sure you develop a table comparing all
opportunities across these factors before formalizing the offer.
- Don't make any offer formal until the candidate has it accepted first.
If you make your offer too soon you won't hear about the candidate's
concerns. This is a surefire way to lose a candidate to another offer.
By gaining agreement on each of the factors involved in closing, you'll
be able to better match the candidate's real job needs and profoundly
increase your close rate.
- Don't sell, buy.
Don't use the interview to sell the job. Make the candidate earn the
job instead. It has more value this way. During the interview describe
one of the performance objectives and ask the candidate to describe
comparable accomplishments. During this process listen four times more
than you talk.
- The hiring manager must be involved and open-minded.
One of the top three reasons top people select one job over another
relates to the quality of the hiring manager. Part of this is the
relationship developed between the manager and candidate during the
process. Great managers who are heavily involved in the recruiting
process have a far greater percentage of candidates accepting offers
than those that aren't involved.
- The recruiter is a partner in the process and a core member of the cross-function hiring team.
Basically this means the recruiter has a starting position on the team
and should act as the on-field coach. The recruiter needs to earn the
right to become a starter because of competency, not job title.
- Conduct all necessary due diligence.
All offers must be conditional based on completion of in-depth
reference checks, a comprehensive background verification, drug
testing, and behavioral and cognitive testing.
- Everyone who is involved in the hiring process must follow the rules. This is the most important rule of them all.
- The winner is the company and/or recruiter with the highest ratio of top hires to total hires. Start keeping score and you'll discover that the team that follows these rules has the highest batting average.
While this isn't a complete list, the real question is: "Are rules
like this required to hire top talent, and are these the right ones?"
As part of this, don't overlook the underlying premise that these are
rules for hiring top talent, not for hiring average people. One problem
that too many executives, managers, and recruiters encounter is that
everyone has their own "pet" rules, and unfortunately many contradict
each other. Breaking this log jam is the first step in making hiring
top talent a rule-based scalable business process. In the process it
will also eliminate just about every stupid hiring mistake a company is
likely to make. In the long run this might be the biggest win of them
all.