A Newsletter for the Friends and Clients of Turning Point, Inc. Jan 2008, 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 Two"
By Anthony Beshara

In the last issue we discussed fearful hiring. We cited our experience as to why people do it. They become too careful in their interviewing, operating more out of fear than vision. They forget that all hiring is a risk. We cited two of the indicators of fearful hiring, one being the practice of setting two narrow of parameters, requirements and restrictions on the position. In search of the perfect candidate who doesn't exist. The second one discussed was hiring by committee and the third was the knee jerk reactions we see employers have to single issues or aspects of the last employee who didn't work out. In this issue we will share with you other indications of fearful hiring.

Elongated Process

One reaction to an employee who doesn't work out is to elongate the interviewing process by involving more people in the interviewing process. A little of this might be fine. But once a candidate gets beyond three people in a firm that actually interview him, the effectiveness of the interviewing process becomes diluted. The fact is that there is a tendency for the process to go from being an interviewing process to a popularity contest. Logistics of numerous interviews usually results in marathon interviewing that goes not only into weeks but even months. It ends up involving so many people and so much time the process can fizzle out. On top of that, any good candidate is just going to go so far in his effort to interview and secure a position. Due diligence is one thing but most solid candidates will interpret marathon interviewing as a distinct inability to make business decisions. He will rightfully question the firm's decision making process about hiring and assume they make other decisions just as lethargically. Bad sign. As one candidate asked, "Does it take this long to get paid"?

"No" Is Safe

Another result of gauntlet marathon interviewing where too many people are involved is that people who are not responsible for the position or even have anything to do with the job, end up with some authority in who gets hired. Most people have a tendency to be negative about hiring people especially if the position doesn't directly benefit them. It's just too easy to say "No". It's safe too. You see, if someone tells you not to hire someone or communicates the same message by saying they wouldn't hire the person and you don't hire the person, they will be right in their opinion. Really, there’s no way of knowing. Now if they recommend hiring or give a neutral imprimatur and the person doesn’t work out, they might be accused of encouraging a poor decision. The psychological fear that they will be blamed will cause them to lean toward being negative about everyone.

Consensus Mistake

Marathon interviewing where too many people are involved in the process doesn't keep us from making hiring mistakes. In fact it often eliminates good candidates because, like the committee process, consensus becomes the goal. The rule is to only involve people in the interviewing process who have a direct benefit in the performance of the candidate. The authority to hire should be directly with the immediate supervisor. Input may be given by others but it should only come from those who have some responsibility for the function of the job. Involve people who are directly effected by the function and performance of the job and who is in it. If they can directly benefit, their opinion will mean something. Involving others just muddles the water.

Time - the Enemy

Another indication of fearful hiring is to set up a procedure that is so fool proof or elaborate that it takes a ridiculously long time to get someone interviewed and hired. Trips to the home office sometimes fall into this category. This is a nice thing to do and most candidates appreciate it. Companies institute such practices to keep from making mistakes. Sincere but unnecessary. So often by the time schedules for the candidate and all of the people necessary to make the decision can be coordinated, a good candidate is going to take another job.

The worst result of fearful hiring is that people just get tired of an elongated ridiculous process. What starts out as a sincere, meaningful, careful, interviewing process, takes so much of everyone's time and effort, people just get tired of it and end up "picking" somebody, ...anybody. We see less qualified candidates get hired simply because the people involved in the interview process just got tired of the whole thing and picked someone else. Whoever was left standing usually get the nod. Guess who thinks they made a mistake a few months later? Acknowledging the risk in hiring keeps fearful hiring from taking place. Recognizing that there is no perfect candidate and that one might indeed make a mistake in hiring is just part of business, puts the whole thing in perspective. Be reasonable, logical and interview and hire out of vision rather than fear.


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:
-District Manager with the Retirement Services subsidiary of a Fortune 100 diversified financial services firm.
-Managing Principal for the Phoenix, AZ 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 December from November, the second is the percentage change in December 2007 from November 2007 and the third number is the percentage change in December 2007 from December 2006. All are seasonally adjusted.)
  • Financial activities: -4,000, 0%, -0.2%
    • Real estate and rental and leasing: 2,000, 0.1%, -0.2%
    • Finance and insurance: -5,900, -0.1%, -0.3%
      Staffing Industry Analysts, Inc. Report, Jan. 4, 2008
    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:
     
    "Self-respect is the cornerstone of all virtue."
    John Herschel (1792 - 1871)
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