Showing posts with label cost effective strategies. Show all posts
Showing posts with label cost effective strategies. Show all posts

Friday, February 20, 2009

Worthy Disabilities!-Recruitment and Retention

Disability has no bearing on individual competence and talent , hence exploring this latent talent pool can make the difference between corporate success and failure...

Key learnings:

  • Disability recruitment is an effective talent- recruiting strategy. The threats of dwindling performance or escalating costs are irrelevant
  • Reverse recruiting is a logical step towards disability recruitment and hence recruiters have to make a deliberate attempt at it.

Talent is oblivious to caste, creed, gender or state of physical well-being. Hence, it is omnipresent. Because it is not in the traditional "pool" can deprive organisations of the huge talent lying in seemingly less promising pockets.

The disabled section of the worker population represents one such pocket of talent that rarely attracts the attention of talent- seekers. Most talent managers do not even consider the disabled population of workers as a potential source of talent. Therefore a very significant chunk of talent remains underutilised. Increasing evidence on the subject indicates that people with disabilities can be as effective as their physically fit colleagues. Disabilities are extremely job-specific and do not hold universal relevance.

In defence

The case of Northrop Grumman, a Los Angeles-based defence contractor, demonstrates how organisations can benefit from the disabled. Northrop, like other companies did not have a disability recruitment programme . The initiative took off when Karen Stang, an employee at Northrop, recommended a friend's son for a job. His gesture to help a friend's son injured in war proved to be a milestone for the company's employer proposition. The company appreciated Stang's concern and launched "Operation Impact". The initiative was aimed at employing war -wounded soldiers as the company catered catered to the clothing needs of the armed forces. From its initial placement agenda for disabled soldiers, Operation Impact has expanded its horizon and is now seeking disabled workers from all quarters. This has served both the philanthropic as well as the business needs of the organisation.

Northrop Grumman has set an example for other corporates to follow. Stalwarts like General Electric Co and Raytheon Co. have incorporated disability recruitment in corporate recrfuiting strategy. According to Mathew Ross, the human resources chief at XL4 Software Solutions, organisations are on a constant lookout for new and unexplored talent pools. And the disabled segment of worker population remains fairly unexposed . Thus, organisations have to broaden their horizon and take a more open view of bolstering their staff by integrating the unfortunate but extremely talented pool of disabled workers.

It is rather astonishing to see that even the world's most progressive economy. the US, reports an unemployment rate as high as 65 percent among its disabled population. This apart, a survey of employers across the globe revealed that only two percent of the surveyed population mentioned "disabled population" in the category of groups pertaining to the "equal opportunity" rights. The level of awareness and empathy is rather dismal. Therefore organisations have to work towards clearing the misconceptions that people hold about the disabled and treat them like any other source of talent.

A corporate treasure

A survey of employers employing a significant chunk of disabled worker population has shown that the performance output of these workers is the same or better than that of their physically fit colleagues. The issue of inferior performance is a mere hallucination Apart from performance concerns, a few employers also believe that accommodating workers with disabilities can prove to be more expensive for employers. The cost factor, experts say. is a mindset since it does not in effect cost much to accommodate employee disabilities. Employees with disabilities seldom need assistance at the work place. It is only in the case of certain exceptional disabilities or work requirements that call for special provisions on the part of the employer. Hence, both cost and performance concerns hold little relevance in the context of disability recruitment.

For organisations that are pursuing the cause of disability recruitment the concept of "reverse recruitment" is becoming increasingly popular. The term underscores the need to work backwards on the job-talent graph. Typically recruiting managers have a job in mind with a clear set of skills and competencies that are specific to the given job . This job sketch is then used to recruit talent . However in the case of disability recruitment, the job and skills take a backseat and recruiting managers look for a job based on the skills available to them. While the concept of reverse recruiting makes the job more challenging for recruiters as the pressure to recruit "a given skill set " is huge , the task is not as daunting as it sounds. Recruiters need to educate themselves about the need to integrate the disabled worker population into the mainstream and work towards achieving the same.

Disability recruitment needs concerted and well-intended effort on the part of employers. The task is gravely challenging and therefore may be self-limiting in case of small organisations. However, seeking external help from consultants can prove to be a profitable proposition for organisations seeking talent.

Ref: TheManageMentor.

Friday, February 13, 2009

Exit Interviews Help in Retention Efforts

In today’s virtual corporate world, companies are turning more toward exit interviews in order to retain good workers.


Exit interviews give an opportunity for a company to find out why there is a problem and fix it. Companies can also learn a tonne of information if they conduct the exit interviews correctly. Further, they can also be used as a catalyst for change. Interestingly, a growing number of HR professionals in India are acting on the information gathered during exit interviews and also responding to the feedback from exit interviews.


According to a study, larger companies, in India and abroad, tend to do a better job than smaller companies do with exit interviews. Because, they have HR departments who take it more seriously. The HR practitioners are schooled in how to do the exit interviews. In the case of smaller companies, they either know what is going on and don't want to fix it. Or, they can't.

An exit interview is a very good opportunity to find out how to recruit and retain employees. At some companies exit interviews are done for two reasons: One is to communicate information to an employee about what happens to their benefits and checking account. The other reason is to get information about the experience they had working for the company. These companies try to separate on a good note.

To make an exit interview successful, the trick is to make the exiting employee comfortable. An effective exit interview can be done by:

  • Making it clear that the information will not be used against exiting workers.
  • Explain that their insight can help improve the organisation.
  • Bosses should consider using a third party to conduct the exit interview. Even an employee who is leaving may feel uncomfortable discussing certain topics, such as office politics, with his or her current supervisor.
  • The company should never ignore an exiting employee's claim of mistreatment or discrimination. The bosses should ask the right questions, which are open-ended and general at first, but specific later.

Studies have found that some companies don't follow through with the information gleaned from exit interviews. The information that the organisations get may never end up as data. They never look for trends. To avoid this, it's important to think systematically with exit interviews. Conduct exit surveys, exit interviews, and in some cases, do follow-up interviews.

There is strategic value in exit interviews, as companies can better understand as to why employees leave. This helps them to become good employers in future.

Ref: TheManageMentor

Monday, January 26, 2009

Hiring Practices During a Recession

During a Recession, hiring practices generally don’t change, but companies are much more careful in evaluating the need for additional staff — be it executive or otherwise. When possible, they tend to look more closely before adding outside hires. In many cases, companies consolidate responsibilities and do more with less staff. Early signals of this are when companies don’t replace positions left vacant by normal attrition. As business trends continue in the manner that they have during the last two quarters of this year, and into 2009, companies feel the pressure to reduce overhead expenses. This could be reduction in facilities (more virtual employees), reduction in workforce, accompanied by increased responsibilities and reduction in compensation packages. Of course, companies still seek the right executive talent to manage “the new order” going forward.

Companies Hiring Right now

Currently, we are seeing some hiring in the public sector, technology, alternative/green energy and life sciences/medical sectors. To a lesser extent, there are some midcap companies in the industrial sector that are continuing to grow as larger concerns exit markets, leaving a void for lower cost, higher value options. Indicators also point to a resurgence in finance & accounting roles across industries.

From Entry-Level to Executive

Right now, it’s tough for both executives and entry-level employees, but particularly challenging for executives to match employment opportunities that exist in better times. Generally speaking, the higher the price tag, the longer the job search. Revenue producers, at all levels, are highly coveted in this business environment. As for entry-level job seekers, there are still opportunities for the determined.

Strategies

Flexibility to the needs of the prospective employer would be advised. What the prospective employee can contribute to the bottom line is the key to success in a job search during these times. The use of one’s business and personal network should be a vital strategy—get the word out. Be aware of current events in the industry or sector being sought—the volatility of business is at a high point. There is no excuse to be unaware with so many communication tools at one’s disposal.

Trends in the Current Employment Markets

Retention of current, valued employees has taken a greater importance. In many companies downsizing has already occurred. As business units operate with leaner teams, every member of the team takes on a more important role in the organization. The loss of top performers is highlighted even more in tough times, as productivity could experience a decline, along with adding the cost of replacement. Some might say that with crisis comes opportunity.

(About the Author: Juan Morales is managing director of the Miami office of Stanton Chase International. The 450-member organization conducts local, regional and international executive search campaigns for many top companies worldwide. Stanton Chase currently has 66 offices in 41 countries. There are 12 offices in North America. For more information, visit www.stantonchase.com)

Saturday, December 27, 2008

Technology-Over the Top!!

Technology may have made things easier for recruiting managers, but it s beginning to show its evil side as managers go overboard with it... .....

  • Technology is a tool that can be used to aid the recruiting process
  • Technology cannot replace human touch and therefore cannot be used to build relationships

Technology has indeed been a blessing. The reaction time to any problem has been slashed over a hundred times and leaders, managers and the worker fraternity in general is more connected now than ever before. However , like all good things, the positive streak of technology too can fade if it's taken too far. Critics who play down the role of technology, have always condemned the way technology has eroded the personal touch among people. In addition, they blame it for the way managers use it for the sake of speed and not quality. Amidst the brickbats, technology has emerged as a force to reckon with and has undoubtedly redefined the way business is done.

Technology is secular. It has touched every aspect of business however little it may be. And the human resources function is no exception. In fact the role of technology in the arena of staff management has been incredible and today the function has become completely technology-driven. The function right from the recruiring stage to the exit interview and everything that comes in between is largely driven by technology. While this may be seen as a revolution of sorts by some, for many such aggressive takeover is beginning to take its toll on the efficiency with which the function is meant to be executed. And according to analysts the first casualty is the recruiting function.

Impersonal recruiting

A recent forum on "Technology and Its Application in the Human Resources Function", conducted at the Town's hall , at Vancouver , presented a rather scary picture of what awaits us in the near future . A few speakers at the forum unintentionally spelt horror for the recruiting function. They were rather candid about the way they recruit and the role of technology in their recruiting process. One of the speakers went to the extent of saying that thanks to technology there is no real need of meeting the candidate or even speaking to him. Recruiting managers can make their decision by simply exchanging mails !

The trend is indeed horrifying. How can one replace personal relationships that we by virtue of being humans share with everything that we come in contact with? Reducing the potency of a relationship to a mere click of a button can be damaging to the very basis on which an organisation is built . If every recruiting manager were to select recruits on the basis of the mails exchanged then the concept of a "competitive edge" or a "differentiating factor" will not be there at all since everybody would be doing exactly the same thing. Moreover in such a technologically- intensive scenario , the need for any other staff management initiative too would seem redundant as people would barely interact personally and even if they did it would only happen in case of a system crash.

The scenario can be nerve- wrecking and therefore it's time recruiting managers wake up and understand that technology is only a tool and it can by no standards be used to replace relationships.

Focus

Do not stray. When recruiting managers lose perspective of the core issue , the entire exercise fails. In this case, recruiting managers must understand that recruitment is like sales, and they are the salesmen. Their main job therefore is to sell the job And sales is a process that needs human interaction. Hence handing over this process to technology can sabotage the defining purpose of the activity and therefore may not give the desired outcome. Understanding that technology is a mere tool to accomplish the objectives of the sales activity, which is recruiting in this case would help recruiting managers keep technology in its right place.

A typical sales activity needs four basic pre-requisites for its success. These include:

  • Establish and nurture a relationship
  • Identify customer needs
  • Strategies to overcome difficulties in meeting the needs
  • Complete the sale

Each of these factors is relevant even as we see recruiting as a sales strategy. Hence recruiting managers must use technology in the third stage where difficulties hampering the activity need to be overcome by use of means that are both time and cost-effective.

Understanding how technology can aid the process of recruiting will help recruiting managers maximise their efficiencies. However, if they let technology drive the process then the intended benefit may fizzle out and the process efficiency would be affected adversely. The best solution therefore would be to integrate the benefits of technology with the recruiting process in a way that helps maximise its efficiency.

Ref:TheManageMentor