A Newsletter for the Friends and Clients of Turning Point, Inc. Dec. 2007, Vol.1


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LEADERSHIP NEWS YOU CAN USE
This issue's featured article is from the Top Echelon Knowledge Base.

"Fearful Hiring - Part One"
By Anthony Beshara

The Risk
Hiring anyone is a risk. It's a big risk because no matter how often we do it, and how good we are at it, there is always a risk of not finding a person that works out. Hiring is a reflection of our business acumen. We are judged by who we hire and how successful they are. The company's future depends on our hiring decisions.

Our experience in the everyday placement and recruitment business shows us that most people try to take the risk out of hiring by being too careful. It might be more appropriate to say that we see organizations being too careful about the wrong things in the interviewing and hiring process. They try to be so careful in not making a mistake, that not making a mistake becomes more important than finding the best candidate for the job. Like the Dallas Cowboys in their loss to San Francisco in the Division Playoffs a number of ago, employers operate more out of fear of loss than the vision of gain. Vision of gain means taking risks. Any hiring practice that is based on the fear of not making a mistake usually results in a safe hire but one that rarely makes an excellent employee or real leader. The hiring process focuses more on the "why nots" than the "whys". Safe candidates get hired and more often than not are no better than average employees.

Being Too Careful

Being too careful has a few signs within the search process. The first is that the criterion for the position is ridiculously heavy. Restrictions on the requirements, narrow requirements, and requirements that are far beyond necessary to do the job, are set out as ideal. The requirements become so stringent that only a perfect candidate could fit them. There are no perfect people so therefore no perfect candidates. Kill over is a good way to describe it. The key here is to set reasonable criterion based on the function of the job, not someone's intellectual wish list. Those wish lists could insure not making a mistake if. ...if a person that fits all of them could be found. Be reasonable about criterion and requirements. Make a list of musts in functions and previous experience. Try to set out to measure quality of experience rather than quantity, Keep it simple. Be reasonable.

A Committee?

Another indication of being too careful is the institution of a hiring committee. You know what a camel is?… It’s a horse gone to committee. Other than the highest levels of positions in a company, ones that report to boards, a hiring committee will inevitably hire mediocrity. The nature of a committee is to get consensus. Consensus in hiring means not so much hiring someone that everyone likes and thinks can do the job, but hiring someone whom everyone doesn't dislike or whom everyone dislikes the least. The lesser of all evils usually gets the job. Involving more than three decisions in the hiring process will tend to create a committee effect. The game then becomes to find a candidate who can pass the test of the committee rather than the best candidate for the job. Keeping everyone satisfied becomes more important than filling the job with the right person.

Knee Jerk Reactions

A third sign of being too careful is to have a knee jerk reaction to what ever qualities the last employee who failed, was fired, or left, did or didn't have. Often when employers have a bad experience with an employee, whatever obvious attributes, fallings, or conditions that employee had became overridingly important issues in the candidates to be considered. For instance, we recently had an employer tell us that he didn't want any candidate except those originally from Texas. The employee who was leaving, thus creating the opening, was from Ohio. His father had died and he was moving back to Ohio to be closer to his surviving family. We greatly appreciate this employers frustration, but being from Ohio or Texas, has nothing to do with either candidate being qualified or for that matter why he would eventually stay or go. There is a human tendency to overreact to whatever last burned us. We have heard requests to interview people who were married, because the last one wasn't, non-degreed because the last one was degreed, short because the last one was tall (....really true 1), someone who was on their last job a short period of time because the last person had only one 10 year job before they had been hired. People sometimes overreact to one single issue and tend to think that reason is they only reason the last employee didn't work out. Single issue interviewing or hiring is just not reasonable, especially if the issue has no relation to the job function. The lesson is not to overreact to any aspect of the employee who is leaving. We should learn from our mistakes but not overreact to them.

In the next issue we will discuss other indications and results of fearful hiring.


Turning Point, Inc.
405 2nd Street South
Suite A
Safety Harbor, FL 34695
(727) 725-8876
(727) 669-8263 (fx)
www.TPISearch.com
tpi@TPISearch.com
GET INVOLVED WITH THE WEALTH ADVISOR INSTITUTE (WAI)
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To find out more about sponsorship or membership opportunities, please click here or contact Mitch Vigeveno, 727-725-8876 or Mitch@TPISearch.com.

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TURNING POINT PLACEMENTS!
Over the past few months, Turning Point has filled the following positions:
-Director of Recruiting for a Broker-dealer in South Florida.
-2 Vice Presidents, Recruiting for a New York based Broker-dealer.
-Relationship Manager with a major Trust company.
-Managing Principal for the Salt Lake City office of a Fortune 300 diversified financial services organization.
We send our heartfelt thanks to our clientele and hope we can continue to serve your mission-critical hiring needs in the future! 
 
 
TURNING POINT in the MEDIA
Turning Point's President, Mitch Vigeveno, was recently quoted in the Investment Advisor magazine's 2007 Career Guide Oct supplement. Additionally, Mitch received a full side-bar in Broker-Dealer magazine.  Click here for that article on hiring and retaining top producers.

Payroll changes: Past Month Change, Month-over-Month Change and Year-over-Year Change (The first number is the actual change in October from September, the second is the percentage change from in November 2007 from October 2007 and the third number is the percentage change in November 2007 from November 2006. All are seasonally adjusted.)
  • Financial activities: -20,000, -0.2%, -0.1%
    • Real estate and rental and leasing: -10,800, -0.5%, -0.2%
    • Finance and insurance: -9,100, -0.1%, 0.0%
      Staffing Industry Analysts, Inc. Report, Dec 7, 2007
    CANDIDATES:
    Looking for some great people?  We have placed quality professionals in all the positions listed below as well as many others. Call us at 800-598-3366 and let us help you find exactly the right professional for that critical position with your company!

    Salaried / Sample Positions
    • President
    • Vice President
    • CEO
    • CFO
    • Chief Marketing Officer
    • Regional Sales Director
    • Wholesaler
    • Customer Service Manager
    • Not-for-Profit Executive Director
    • COO/Operations Manager
    • CCO/Compliance Officer
    • Chief Lending/Loan Officer
    • Branch Manager
    • Recruiter/Business Development
    • Portfolio Manager
    • Financial Consultant/Advisor
    • Registered Representative
    • Director of Development/Advancement
    Contracting Services
    Need some temporary expertise?  Turning Point, Inc. can help you find it.  Please review our services for Contract labor services by clicking
    HERE.

    Quote of the day:
     
    "I have found power in the mysteries of thought."
    Euripides (484 BC - 406 BC), 438 B.C.
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