Sourcing gets all the attention these days. Last week I wrote about new technologies for sourcing talent and our recent recruiting trends survey (results and a summary will be available here in two weeks), which shows that broadening sources of candidates is the number-one focus for organizations of all sizes.
: Z: \2 l5 k( y1 y- u. m2 ENever before have these words been truer: Finding the right people is difficult. And finding great people takes a strategy, not just more of what you currently do.
+ v) v' ?0 B* q5 rSimply broadening candidate sources and using more people and money to expand your search process may result in finding more candidates, but it is a crude way to do it.
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Henry Ford could have conceivably hired thousands of people and trained them to craft entire cars. But if he had done that, car prices would have actually increased and he could never have achieved the volumes he did. What Henry Ford did was to rethink the process and do it a smarter and better way.
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We need the same approach in recruiting, and that will require you to develop three areas of expertise.
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Start HereResearch which positions are most critical to your organization. I define critical as positions that directly generate revenue; have a significant customer involvement or relationship; or invent or create your organization's products and services. Everyone else, by definition, is less critical.
$ B2 X; o( Q: Z6 L3 v/ gFocus your sourcing efforts on finding those kinds of people. Perhaps as much as 80% of your staff and budget should be devoted to sourcing and recruiting these people, as they will be the primary reason your organization will stay profitable.
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If you are devoting significant resources to finding people for non-critical positions, think about outsourcing that work or find other ways to meet the needs for these people.
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Next is FocusDevelop a focused sourcing strategy. By determining where your best hires have come from and through meeting with key performers, you should be able to identify the best potential sources of the kinds of people you are seeking.
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Focus your recruiting efforts on those channels that you know will deliver good people to you most of the time. Good channels are characterized by three things:
+ d) e0 E* f% ?1 s5 b( l- They have enough members to be a reliable source.
- The members are close to each other and network together.
- It has members who meet your key position requirements.
Good channels of candidates include professional associations, conferences, and sporting events, as well as your own referral programs. Your imagination is the only limit as to where to find potentially good people. But it does mean you have to get out of the office and start networking. Talk to your key incumbents and be sure to experiment.
/ Z$ P4 S" x |7 n* C) b0 A+ IAn organization I have worked with polled its key position holders and found that many were science-fiction buffs who also enjoyed marathon events such as running and biking. They then diverted sourcing dollars and people to sponsor marathon events and ran movie trailers about their company during science-fiction movies. They developed a targeted referral program for this group as well. This targeted effort lowered sourcing costs significantly and also doubled the candidate pool.
, D2 }# e' j4 b' l9 f; F1 NAnother organization treated any employee who invited a colleague from another company who met their basic qualifications and brought along a resume to a free gourmet lunch and a meeting with the function leader. This was a popular and very successful practice that was repeated two or three times a year. Again, success was significant and costs and staff requirements were minimal.