Readers of this blog know that I have postulated that the model for high end sales has changed; accelerated away from the traditional models to a trust based model. This also applies to networking; no selling, only building a trusting relationship. A colleague questioned me recently as to why I thought this was the case. Is it really simply the economy that’s driving this change? My response that was “no, it’s more than just the economy, although the economy is certainly accelerating the change.” So what are the drivers?
The “habit” developed from my early years working at large corporations. They shut down the whole week between December 25th and January 2nd. One reason was that maintenance had to be performed on the manufacturing machines. Another reason was that customers were shut down for factory maintenance. It was a great week even if I had to go into work, because almost no one else was there. Peace. Quiet. Concentration. A wonderful chance to reflect on the year past and the year to come.
Have you ever noticed that organizational change initiatives are sometimes “sabotaged” by objections about which you had no clue? All of a sudden, out of the “clear blue sky,” comes a storm of reasons why a particular change can’t be made. They all seem pretty trivial. What’s behind them? When you ask, the silence is deafening.
The great corporate counselors I have encountered gauged the business owner’s or executive team’s tolerance for risk, presented their ideas for balancing the risk with the business goals and then helped the decision makers move the company forward. It’s the same with the the best financial professionals I’ve met. Rather than simply account for transactional history, or be a roadblock to funding projects, they managed to understand the company strategy and advise the decision makers on the BEST way to fund a project along with all the known consequences for the corporation.
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Most have heard that hiring is a PR event. You should make sure that, whether you hire the person or not, they leave your company wishing they got the job. That way, they will speak highly of your company to others that might want to work there. This is especially true in small industries and communities where everybody knows everybody else.
The last thing you want is people telling future potential employees how bad the company or hiring manager was when they interviewed and that they would never work for that hiring manager or company.
Not good PR if you plan on attracting top talent to your company. In fact, a great way to ensure top talent will work for your competitors.
I don’t think some (not all) companies or managers recognize the same principles apply when laying people off or even firing them.
You have to wonder what the insurance companies were thinking. Many, maybe most, small businesses are struggling with cash flow issues; and we all know that. One might expect the insurance executives to be sending out the word to agents and brokers that in light of the “predatory government regulatory atmosphere,” there shall be no premium increases for small business clients. Apparently that hasn’t happened. Instead monumental premium increases are hitting small businesses.
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Hiring is one of those processes in many companies that is often ignored, until it is needed. My partner Barry Deutsch and I have spoken to hundreds of CEOs and key executives in the last three years, and there is a theme that most of these CEOs and key executives agree upon, which is, they don’t really have an effective, repeatable hiring process with highly competent people throughout the hiring process.
If you are in HR or executive search, how many times have you heard a hiring manager say when referring to a hire that is under performing and about to be let go, “I don’t know why they aren’t performing, I told them during the interview exactly what that job is. I can’t figure it out.”
Most of you just thought to yourself, “Too many. More times than I can count.” or “Just about every time we had to let a person go before their probation period was over.”
Why? What went wrong? It should be obvious from the hiring manager’s comment, “I told them exactly what the job is.” The key word is “told.” My guess is that the candidate probably even replied, “No problem, I’ve done that before and can do it for you.” Well, with that level of assurance from the candidate, who wouldn’t hire them? After all, if the candidate couldn’t do it they would tell you, “Sorry, I haven’t a clue how to do any of those things, but I’m a fast learner.” and you still would have hired them. Right?
A “frustrated” business owner I know recently exclaimed that “business would be fantastic if it wasn’t for the &^*#$@ employees!” We both knew he didn’t really mean that the way it sounded, and he was expressing the frustration of trying to run a business on the one hand while dealing with a wide diversity of demanding people (employees AND customers) on the other hand. Nobody said business would be easy.
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Has this ever happened? You screened hundreds of resumes, conducted extensive interviews, and found what you believed from the resume and interviews, the candidate that is perfect for the job. Exactly what you are looking for, maybe even better. You have high expectations for this new hire.
Then they come on board and fall flat on their face. Within 3 – 6 months you are saying to yourself, “You’re NOT the person I hired” (a great title for a book).
You step back and start asking yourself, “What went wrong? How could this have happened?”