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March Madness & Hiring

Written by:  Tim Saumier, CEO

It’s maddening!!!!!!!!!!!!!

March is a crazy time for college basketball and my wife tells my kids that I may be difficult to communicate with given it is my favorite time of year and my favorite sport to follow. march madness4

The funny thing is its not only madness in basketball but is seems to be a crazy time for hiring right now as well. Whatever your political affiliation is, the new administration, along with many other things are driving confidence in to the markets as evidenced by the DOW crossing of 20,000 a month or so ago. I would argue that all of this is artificial but it does drive spending by consumers that drives sales by companies that drives purchasing by companies and hiring of people. It’s a cycle where capitalism is at its best.

One of the companies that the stock guru’s like to follow is Parker Hannifin Corporation based in Ohio. They make motion and control systems used in a broad set of aerospace & industrial businesses. march madness5They credit Parker’s work over the past few years in the areas of “cost containment” and putting themselves in a position to grow when the time is right. They controlled costs in the flatter season and even built a cash reserve that has allowed them to recently announce the acquisition of Clarcor (filtration manufacturer) which will drive a new revenue stream for PH. The original article can be found HERE.

Why do I share this information on Parker Hannifin and what does it have to do with Basketball? While Parker and for that matter other companies in the Industrial B2B space are seeing benefits of their hard work over the past few years, the real question is:

“Do they have the Talent to deal with the next few years as confidence (artificial or not) grows and more relevant people leave the workforce (primarily baby boomers)?”

Parker has 354 openings on their website and I’m sure this is just a fraction of what they really need. As a Industrial B2B recruiter, we had a record year last year and are on track to do it again this year. march madness3

The challenge is not finding the open orders but rather finding and convincing the talent to leave their organization for a new role.

If you are in a hiring capacity here are a four things to consider as we go further in to 2017:

  • Cost – Talent is going to cost you more – the concept of internal equity needs to be tossed out the window. It is no longer relevant.
  • Better Processes – You’re going to need to speed up the process on your side if you are the employer. The best talent has no interest in going to work for a slow moving and indecisive company.
  • Focus on your existing team – You’re going to see turnover increase (mostly voluntary) as the full-court press is coming. People that have been passed over for promotions or given measly raises are now getting called about jobs that are a step up in title, responsibility and compensation (some 20+% increases).
  • Better, not perfect – If you’re looking for the “perfect” individual with a stellar work history plan on not finding them. Stellar histories have faded in the past decade and it’s not the individual’s fault but rather the company in my opinion. We have a saying – “Don’t let perfection get in the way of getting better.”

I could go on and on but you get the point. The reality of it is it may look like good times ahead but it will be maddening to say the least in the next couple of years as companies jockey for the same Talent. It will also be fun to watch. As will be the Basketball – Enjoy.

This is just one man’s opinion. I would appreciate your feedback.  You can find me on LinkedIn and at Twitter you can find me at @timsaumierTI.  Also, you can learn more about TYGES at www.TYGES.com, on Twitter @TYGESInt, or here on our blog.

Our mission is simple:

We’re here to make good things happen to other people.

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Tony Romo Demonstrates Leadership – The Essence of Meritocracy

Written by:  Tim Saumier, CEO

With all that has been happening over the past month relative to politics I thought would share something that struck me this week as a proper approach to dealing with a difficult situation. Hard to believe I’m talking about Tony Romo – For those of you that do not follow football – he is or was the quarterback for the Dallas Cowboys for the past decade. He took the helm from Drew Bledsoe (if you remember from our last write up he was the QB displaced by Tom Brady in New England). Tony Romo is a guy who has been plagued with injuriesromo2 over his career and seemed to be the leader of a team that always fell short of their expectations. Well, earlier this year, Tony Romo was injured again and they had to turn to rookie QB Dak Prescott who was unproven. Fast forward to today and Dak has led the team to 9 wins & 1 loss while Tony Romo has been healing. He has brought leadership and hope to this organization. For the past 6 weeks the media has been trying to drive a wedge into the Cowboys organization by questioning who would be the QB when Tony Romo came back.

Tony Romo addressed it in a 6 minute press conference this week – It’s worth the WATCH

I’ve never been a fan but I have a new found respect for Tony Romo who demonstrated true leadership, what it means to be humble, and sharing with people what I believe is a true failure in our society today. He shared that professional football is a meritocracy. What is meritocracy – According to Wikipedia: “it is a political philosophy holding that power should be vested in individuals almost exclusively based on ability and talent.romo3 Advancement in such a system is based on performance measured through examination and/or demonstrated achievement in the field where it is implemented.” He goes on to say that you have to earn it each and every week in the NFL.

My question is, “What if we all took that approach and attitude in life?”

Yes we should be recognized for what we did yesterday but we should never expect to be given something for nothing. We have to come out each day and bring the best attitude & effort we can and EARN what we want. Instead, over the last decade our society seems to be moving steadily toward one where people expect something for nothing. In a sense, welfare. Don’t get me wrong, I believe there are people that need to be helped and we are called to help them but we need to not only give to them but to walk with them and help them get on their own feet. There will always be people that will need assistance (some short-term & some long-term) and it is our responsibility to care for them. The people I’m talking about are the ones that think the world/their family/society/the government/their employer owes them something. You are not owed anything except the wonderful opportunity to get out of bed each day and make a choice on what you will do with your day.

So I end this month’s write-up with a tip of the hat to Mr. Romo. romo4Thank you for taking time to share this with everyone.

This is just one man’s opinion and I’d appreciate your thoughts.

PS – it’s great time of year to stop, reflect and remember to be thankful. While things may seem insurmountable at times, be thankful for the small things. Have a wonderful Thanksgiving.

You can find me on LinkedIn and at Twitter you can find me at @timsaumierTI.  Also, you can learn more about TYGES at www.TYGES.com, on Twitter @TYGESInt, or here on our blog.

Our mission is simple:

We’re here to make good things happen to other people.

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Scarcity – Steve Ballmer, The LA Clippers and Recruiting

Written by:  Steve Sanders, VPGM Industrial Practice

A while back my boss shared a blog post about scarcity and it really resonated with me. The blog post discussed how Steve Ballmer of Microsoft had purchased the NBA franchise L.A. steve ballmerClippers for a heap of money and how many people think that he overpaid. The author of the blog was making the point that there are only 2 NBA franchises in L.A. and the result is that the commodity is very scarce. Steve Ballmer recognized this and snapped them up because the odds are slim that he will ever get another chance to own one of the NBA franchises in L.A.

I was thinking about how this applies to hiring and recruiting.

In most cases, my clients bring me into the search process after they have exhausted all their own resources via job postings, career board searches and maybe even some networking using a social media platform. By the time I get the call, the client has done their best to fill the role without engaging me. I like this as a recruiter because it meansscarcity2 there is urgency and the client is convinced that the only way to make the hire is to call in an expert search agent. In terms of scarcity, this also means that the person that the client is looking for is scarce in terms of their talent and experience.

I like this as well because it means the client is prepared to follow through with the steps in the process quickly, help me sell the opportunity and make an acceptable offer of compensation. If the client has a sense of urgency and is prepared to follow through and be a partner in the process, then it all boils down to my ability to find and engage the right people. At that point, I control my own destiny as a recruiter.

As a Hiring Manager, you need to ask yourself if you are committed to the hiring process before you call in a search agent. Once you engage someone like me then you are admitting that the person you need is a scarce resource and needs to be treated as such. Much like the L.A. Clippers franchise, you might have to overpay a bit because there are only a few of these people out there and just the fact that they are talking to you means that you need to treat them differently than someone whose resume came to you from a job board.

As a candidate in the job market, you need to think about what it is that you do or have done in the past that makes you a scarce resource. If you can identify what it is that makes you scarce then you can use that as a selling point when you are in job search mode. If you are happy in your job and not in job search mode, you need to at least be thinking about how to gain experience that makes you a scarce resource. If something changes in the future and you become more of an active searcher then this scarcity will determine your success or failure as you search for a new position.

I welcome your feedback, as well as, any questions/concerns that you may have about your career’s trajectory.  I would enjoy helping you as a Career Coach; who knows, perhaps our combined insight will unlock something better for you and your family.  You can find me on LinkedIn.  Also, you can learn more about TYGES at www.TYGES.com, on Twitter @TYGESInt, or here on our blog.

Our Mission is simple:

We’re here to make good things happen to other people.

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