Lean Connections

Yes, the rumor is true, and you can consider this your official confirmation. 

The War for Talent is about to come roaring back any time now.  And the C-suite team will tune in to its effects more rapidly and deeply than before, but this time unsure of any reasonable end in sight. So, HR leaders at all levels who’ve been advocating for their own “seat at the table” are about to get lots of opportunities to demonstrate their strategic thinking skills and their ability to deliver bottom-line business impact. 

I suggest this first quarter of the new decade as an opportune time to rethink and clarify the nature of HR’s outside executive recruiting partnerships.  In what ways are we receiving value from these relationships? How much net value, compared to our investment, are we getting? Are there ways in which we might improve upon both the nature and quality of that return?  Are we asking ourselves: What, really, are our expectations from those upon whom we rely to identify and procure new generations of talent for our organizations?

The word “relationship” itself is fraught with peril (see Dr. Phil, Elizabeth Gilbert), but in limiting ourselves to the context of executive search only, we should be able to steer clear of at least the big rocks in the river.  Or maybe  - in light of massively shifting global business and economic cycles; relentless demand for continuous performance improvement; constantly increasing pressure for innovation in products and services; accelerating obsolescence of managerial talent, and more  -  there is indeed one big rock we can’t ignore: Is our current executive search model broken (doesn’t work all that well) and unsustainable (can’t keep doing what we’ve been doing if we demand different results)?

Are we shopping for candidates by roaming the aisles at Macy’s, or do we focus on finding that unique and special gem at Harry Winston’s? Do we choose firms who can simply deliver a candidate as the need arises, or do we prefer working someone with whom we can share our long-term growth strategies? Someone who might then more prospectively cultivate the kind of talent we’ll want to entice with our value proposition a year or two down the road? Are we looking at our recruiters through the lens of purchasing or procurement, as just another one of the vendors in the supply chain? Or do we seek out dedicated professional relationships with specialists who invest their time and themselves in understanding our business and our issues?  And, despite my obvious personal bias, who is to say which of the choices we make about these relationships are the most appropriate for your organization, at your current point in your corporate life-cycle, and within the context of your industry and competitive situation?  More soon.

Tune in for part two of this post –  Recalibrate Your Executive Search Expectations

And that’s the way I see it.  Adam Zak

(Author note: this blog post was originally published this morning on the new Human Capital Institute’s (HCI) Talent Acquisition Community blog.  I’ve been invited to write a guest posting which will appear on the HCI site every couple of weeks or so.  Please be sure to visit the HCI Web site for lots of other great articles related to talent acquisition and many other topics on the cutting-edge of HR thought leadership).

Outstanding talent, ideally LeanThinking talent, is your greatest source of competitive advantage in the best of times and in the worst of times. Every CEO must have strategies to attract, retain and develop the best and brightest in order to win the war for talent and accelerate business results – especially in a down economy…

Attracting talented Lean managers and executives is a challenge which will only grow more significant as we begin our economic recovery in North America. So make sure you apply a Lean-focused results and value approach to hiring, developing and retaining the best possible leadership for your organization.

•   Make some ONE accountable – because if it’s not in anyone’s job description or performance review, don’t expect to see anyone doing much about searching out, developing and looking after the best of the best.
•   Define those jobs which are strategic to your organization in terms of leadership development and retention – because a talent-management strategy without this focus is no strategy at all and will fail you.
•   Think about and strive and reward to implement these key leadership practices for maximum results within your organization:

Build trust and candor. Great people are inspired by great leaders, and great leaders are honest and trustworthy. Know the potential successors to all direct-reports and make positive connections as frequently as possible. Too often leaders kill trust and candor by being judg¬mental, or more concerned with looking good than acknowledging others. Being a control freak or, on the flip side, avoiding control and blaming others, is a sure way to turn off your talented employees. Yes, it’s the Toyota Way, and it works.

Be accountable for talent. Every individual on your management team must consider identifying and retaining your best employees as “Job One” (with apologies to Ford). All of your HR strategies should be integrated throughout the organization. As with continuous improvement initiatives, you get what you measure. Hold people accountable for hiring well, and for suc¬cession plan execution. Integrate your plan with your corporate strategy and evaluate quarterly. All the top organizations with whom we’ve worked have a talent “war room.” Do you?

Actively protect and promote future potential. You’ve got high-potential players. Why should senior leadership keep “the list” of key employees a secret? After all, we’re not talking Skull & Bones here. Particularly if you’re trying to build a culture of trust and respect for people. Make sure that your top talent knows who they are and then help them to develop. Invest more heavily in the growth of already-excellent talent and extraordinary leadership; almost no amount of spending on “C” players will ever get you a solid ROI.

CEO is the Chief Talent Acquisition Officer. CEOs must take a leadership role in attracting top talent from other organizations. Be a visible evangelist; develop a personal brand beyond your role in the company. Be the kind of leader for whom people want to work. As a leader, be personally accountable for attracting a few key people regularly and serve as a sensei to some of them. Expect the same of other top executives.

Demand only the best. Create tough standards for new talent, and cut your losses when they don’t measure up. When people are performing in an outstanding manner, continue to increase expectations of per¬formance. Strong performers thrive on recognition and ever-increasing challenge, and the opportunity to show what they’re made of. Don’t disappoint them.