Category Archives: Brilliant Mind

A very special episode of T3 – Why Microsoft Overpaid for LinkedIn

Posted on by
1

This week on Saved by the Bell…

Remember those ‘very special’ episodes of your favorite TV shows growing up?  When they took a break from their normal sitcom canned laughs to talk about something serious, like smoking in the bathroom, kissing at the school dance, or cheating on a test!

This week on T3 I’ll give you my take on the biggest news to come out of HR/Talent Technology in a long time! Microsoft’s purchase of LinkedIn sent shock waves across the industry this week. LinkedIn is HR Tech’s favorite punching bag because quite frankly their one of the few super success stories in HR Tech.

Microsoft paid $196 dollar per share for LinkedIn, a massive 50% premium as compared to LinkedIn’s closing price on Friday of $131. That’s the biggest question, why so much?

There is a ton of speculation and we’ll all have fun over the next months and years guessing what Microsoft will do with LinkedIn.  History hasn’t been kind to these types of large takeovers. At the beginning, Microsoft has said they’ll let LinkedIn continue to run LinkedIn. We all know that won’t last forever and sometime next year expect to see massive reorganization and layoffs at LinkedIn! That’s just business. When you pay $26.2 Billion for a company, you expect some returns and quickly!

Here’s what we actually know, LinkedIn is in a very unique position in the market, unlike anyone else! Even though 2/3’s of their entire revenue comes from job board type activities (they call them talent solutions), employers still haven’t lost their minds when their employees decide to go on LinkedIn. “It’s only for professional networking!” Yeah, that played well, like five years ago, but now the cat is out of the bag. LinkedIn is full job board 2.0!

I’m not hating! They’re in a brilliant position and one that Microsoft finally found a way to leverage with Office 365. Can you imagine the synergies between the two products? If Office 365 automatically puts the user into a version of LinkedIn, entire organizations will become part of this giant network.  If every Office 365 user gets some free premium access to LinkedIn the number of monthly users will skyrocket. We could just go on and on with possible things they could do, all of which will make talent acquisition departments more dependent on using LinkedIn.

Quite frankly I’m surprised it took this long for a major player in the tech space to understand LinkedIn’s unique position within the market. No organization wants their employees on Monster, CareerBuilder, Dice or Indeed. None of them care if their employees are on LinkedIn?!? It boggles the mind that HR and Talent executives don’t get this!

On top of this 60% of LinkedIn’s traffic is coming through mobile, another big win for Microsoft when purchasing what is becoming a full blown social network in LinkedIn. It will be interesting to see how Facebook and Google react. I’ve said all along Facebook could end LinkedIn instantly if it decided to jump into this space. Microsoft might have just kicked a sleeping bear. Facebook has more users, more frequency, and more data. All of which could lead it to open up it’s own ‘professional network’.

Microsoft overpaid for LinkedIn because they have a plan on leveraging LinkedIn’s unique position.  Will it work? I don’t know, but it’s going to be fun watching!

Tech Companies Should Move To Detroit!

Posted on by
3

You might have seen this chart recently over at Business Insider:

Screen Shot 2016-06-06 at 11.10.07 AMWe all probably got this. It costs a TON to live in San Fransico! Way too much. You’re crazy if you want to start a tech company in San Fran.  So, what do all those super smart folks do? Yeah, stay west coast and just go a bit more north to Seattle, still expensive, but seemingly cheap in comparison to San Fransico!

It’s one of the main reasons Austin, TX became a hotbed of tech startups and headquarters about a decade ago. Relatively cheap to place to live. Access to a major university (Univ. of Texas), which gives you young, talented, tech savvy folks. Nice weather.

Here’s the magical formula to picking a place to house your tech company:

  1. Access to talent.
  2. Place people want to live.
    1. Good weather.
    2. Hip vibe.
    3. Affordable. (not necessarily an important factor – but increasing in importance!)

Give this magical formula, I’ll give you the number 1 destination of new tech startups!

DETROIT!!!!

Well, actually it’s Ann Arbor, which is about a 15-minute drive from Detroit’s International Airport, a Delta hub and one of the nicest airports around. Which means direct flights to almost everywhere. Home to the University of Michigan and great talent pipeline (Michigan State is also 50 minutes away). So, you have two Giant universities and roughly 80,000 students within easy driving distance.  A ton of other smaller universities within a 50-mile radius as well (Eastern Michigan, Wayne State, Oakland Univ., Univ. of Toledo, etc.).

It’s super cheap to live. Ann Arbor is a great college city, with access to the bigger Metro Detroit area within a thirty-minute drive. Access to someone of the world’s largest freshwater lakes. Toronto is an easy, cheap flight, or 4-hour drive away.

Okay, you won’t get super nice weather. You’ll get four seasons, midwestern work ethic and so much more for your money you won’t understand why anyone ever went west to begin with!

Oh, I hear you. What about the talent?  The Detroit Metro Area is one of the world’s largest engineering centers in the world! You know about all the auto companies, but what you don’t know is that Google has been growing an empire in Ann Arbor for years, and doing it quietly because they don’t want others hoarding in on the secret!

So, yeah, Seattle is way cheaper than San Fransico. You only have to pay 35% of pay towards rent. In Detroit, you only have to pay about 15% of your pay towards rent!

Detroit! The new San Fransico! We even have a bridge!

Sourcers Are The New Recruiters?

Posted on by
6

Come listen to my story about a man named Tim.

Poor Recruiting Pro, barely kept his family fed. 

And then one day he the internet came along, 

and up on his screen came a bunch of profiles. 

Candidates those are. Money, in people form. 

For those of you that are under 40, you might want to go Google Beverly Hillbillies theme song…

What the hell is going on in this world?

No, really!?

I started my career out as a ‘Researcher’. Little did I know, that was really just sourcing (or at least what we call sourcing today). My job was to find candidates for jobs we had open. I find a candidate. Do a basic screen. Pass them onto a recruiter who sold them to the client/hiring manager.

I then got my own clients/hiring managers and did the full boat. Find the jobs. Find the candidates. Make the offers. Etc.

When I went to corporate Talent Acquisition almost every shop was doing it the same way. Recruiters were assigned departments, business units, hiring managers, etc. They would work with those individuals when they had openings. Post jobs. Screen incoming candidates. Attend campus job fairs. Maybe, just maybe, a little bit of outbound calling – those were the rock stars. And complain how crappy their ATS was, and how awful the hiring managers were.

That was corporate Talent Acquisition, as I know it, from 7 years ago.

During this time, Sourcing became a thing. Everyone needed to now, break up “Talent Acquisition” into Sourcing and Recruiting.  Sourcers found candidates. The premise being we need ‘outbound’ activity happening. Actual candidate hunting. Recruiters then did screening, setting up interviews, offers, etc.

Somewhere over the past five years. Sourcers have become what Recruiters used to be.  They find candidates. They screen candidates. They set up interviews. I know some are even closing the deal with offers.

So, my question is, today, what the hell do Corporate Recruiters do in those shops that have Sourcers?

It seems like corporate recruiters are now advanced admin professionals. They really don’t have any skills to speak of.  I’m honestly asking TA Leaders! If you have Sourcing doing all of the skill-based activities of recruiting, what are you paying recruiters for? It would seem like you could get some really good Admin Pros do all of the work you have Recruiters doing.

Am I off base on this?

This came up because I met with a TA Leader who was paying their corporate Recruiters $85-100K in salary. She was also paying Sourcers a bit less, $65-80K in salary. When I dug into what they were actually doing, it seemed to me the most valuable of the two was easily the Sourcing Pros! The Recruiters did almost nothing of value for what they were being paid.

The hiring managers in this environment even went to the Sourcing Pros to get information on candidates! Basically, the Recruiters set up interviews, made offers, and onboarding.  To be fair, they were also in charge of ’employment branding’ for which they had an outside firm doing all of that work. Sourcing Pros had candidate experience, recruitment marketing, ATS/CRM, job postings, etc.

It seems like this is coming full circle.  We split the function and now the Sourcers are just becoming what Recruiters used to be. A one-stop shop for filling positions.

What I’m quickly seeing is that the value of these two positions is quickly becoming uneven.  When “Sourcing” as a concept was introduced, it was to have better efficiency in recruiting. Take a difficult function. Split into two parts, and let folks specialize. Through this specialization and synergy, you’ll get more work then everyone running their own desk.  Great theoretical concept!

What I’m finding in most organizations is that the theory isn’t meeting the actual result.

Are you seeing or feeling the same thing? Hit me in the comments, I’m truly interested.

Your Sunsets Are Numbered!

Posted on by
Reply

I had a couple of things happen to me this past week. First, I traveled to the Cayman Islands for an HR conference and some vacation.

I’m in love with the Cayman Islands. Great people, the most beautiful water you’ll ever see and mind changing sunsets.  I swam with Stingrays and Sea Turtles. I saved my wife’s life from dragged out to sea. I broke bread, several times, with friends, old and new. I was a pretty damn good trip!

I did Disrupt HR Cayman (My presentation starts at 18:18 on the video link) and talked about how Failure is the New Black, but shouldn’t be. Believing failure is okay is the worst snake oil being sold by leadership gurus today. Don’t believe the hype!

The sunset thing got me thinking. The other thing that happened is I had a friend unexpectedly pass away this past week as well.

So, I’m watching these great sunsets and thinking about my friend and understanding a little about you can’t take all of these sunsets for granted. But we do.

We take for granted that we will definitely see another sunset.  So, what does this all mean?

I could tell you the same crap you hear from everyone that talks about this: make sure you tell people you love them, do what you wish now, etc., etc., etc. But I won’t, because you won’t listen. Instead, do this:

  1. Drink expensive alcohol. You’ll drink less of it, and enjoy it more.
  2. Wear really good shoes. They’ll feel better, look better and last longer.
  3. Eat food that you like. I’m not a foodie. Sometimes people eat crap trying to impress others, but it quite honestly tastes awful. You’re not impressing anyone. Shake Shack tastes great. I’m that kind of foodie – burger and fries foodie.
  4. Hang with people who want to hang with you. We spend way too much time in life hanging with assholes.
  5. Go to the other side of the Island. There’s beauty everywhere, and yet we tend to go where we know.  Some of the greatest moments in my life happen when I go to where I know nothing.

How’s that for life-changing advice that you didn’t ask for?

Now get back to work and make some money!

The Tim Sackett Commencement Speech

Posted on by
4

It’s that time of year when universities and high schools go through graduation ceremonies and we celebrate educational achievements.  It’s also that time of year when you get bombarded with every great commencement speech ever given.  There is clearly a recipe for giving a great commencement speech.  Here are the ingredients:

1. Make the graduates feel like they are about to accomplish something really great, and not just become part of the machine.

2. Make graduates believe like somehow they will be difference makers.

3. Make graduates think they have endless possibilities and opportunities.

4. Make graduates think the world really wants and need them and can’t wait to work with them.

5. Wear sunscreen.

I think that about sums up every great commencement speech ever given.  Let’s face it, the key to any great speech is not telling people what they need to hear, but telling them what they want to hear!

I would like to give a commencement speech.  I think it would be fun.  I like to inspire people.  Here are the main topics I would hit if I were to give a commencement speech:

1.  Work sucks, but being poor sucks more. Don’t ever think work should make you happy.  Find happiness in yourself, not what you do.

2.  You owe a lot of people, a lot of stuff.  Shut your mouth and give back to them. Stop looking for the world to keep giving you stuff.

3.  No one cares about you. Well, maybe your Mom, if you had a good Mom.  They care about what you can do for them.  Basically, you can’t do much, you’re a new grad.

4.  Don’t think you’re going to be special. 99.9% of people are just normal people, so will you.  The sooner you come to grips with this, the sooner you’ll be happy.

5.  Don’t listen to your bitter parents.  Almost always, the person who works the hardest has better outcomes in anything in life.  Once in a while, a person who doesn’t work hard, but has supremely better talent or connections than you, will kick your ass.  That’s life. Buy a helmet.

6.  Don’t listen to advice from famous people.  Their view of the world is warped through their grandiose belief somehow they made it through hard work and effort. It’s usually just good timing.

7. Find out who you care about in life, and make them a priority.  In this world, you have very few people you truly care about, and who care about you in return.  Don’t fuck that up.

8.  Make your mistakes when you’re young.  Failure is difficult, it’s profoundly more difficult when you have a mortgage and 2 kids to take care of.

9.  It’s alright that sometimes you have to kiss ass.  It doesn’t make you less of a person.

10.  Wear sunscreen.  Cancer sucks.

So, do you feel inspired now!?  Any high schools or colleges feel free to email me, I’m completely wide open on my commencement speech calendar and willing to give this speech in a moments notice!

Failure Is The New Black #DisruptHRCayman

Posted on by
Reply

So, last night in the Cayman Islands DisruptHR Cayman went down!  If you don’t know what DisruptHR is, you need to check it out!  It’s the brainchild of my good friends Jennifer McClure and Chris Ostoich. Jen does most of the heavy lifting on this now, and it’s a global phenomenon sweeping across the HR world!

The concept was born from TEDx. You get 5 minutes to present an awesome idea, 20 powerpoint slides that automatically move every 15 seconds. Fast and furious. Alcohol is involved. Anything can happen. It’s the most fun you’ll ever see HR people have!  Contact Jen and bring this concept to your conference or event – it’s a great evening event to open or close a conference, or just to have in your city to energize the HR community!

Don’t think about grabbing DisruptHR Detroit!  I already have bought the franchise, so to speak! If you want in, connect with me and we can discuss a time and place!

I did my DisruptHR Cayman presentation on Failure is the new Black!  Safe to say, I truly believe all of this talk about failure leading you to success is a bunch of bullshit! Failure leads you to more failure, which eventually leads you to give up, not success! But don’t worry about, I’m in the minority, you can still suck up all that failure crap from every leadership guru on the planet!

Was I successful in my 5 minutes?  I don’t know, but you can check it out for yourself at DisruptHR’s website in a week or two. The brilliance of DisruptHR is that they video all the crazy ideas and put them up on the web, so you can’t hide!

Great stuff, check it out. They already have 250 videos of DisruptHR presentations for you to see!

Would You Be Willing To Pay For Interview Feedback – Take 2

Posted on by
4

“I believe you have to be willing to be misunderstood if you’re going to innovate.”

– Howard Marks

Yesterday I wrote a post called Would You Be Willing To Pay For Interview Feedback that caused some people to lose their minds.  I asked what I thought was a simple question: Would you be willing to pay for interview feedback?  Not just normal, thanks, but no thanks, interview feedback, but really in-depth career development type of feedback from the organization that interviewed you.  You can read the comments here – they range from threats to outright hilarity! Needless to say, there is a lot of passion on this topic.

Here’s what I know:

– Most companies do a terrible job at delivery any type of feedback after interviews. Terrible.

– Most candidates only want two things from an interview.

1.  To Be Hired

2. If not hired, to know a little about why they didn’t get hired

Simple, right?  But, this still almost never happens!  Most large companies, now, automate the entire process with email form letters.  Even those lucky enough to get a live call, still get a watered-down, vanilla version of anything close to something that we would consider helpful.

When I asked if someone was willing to pay for interview feedback, it wasn’t for the normal lame crap that 99% of companies give.  It was for something new. Something better. Something of value.  It would also be something completely voluntary.  You could not pay and still get little to no feedback that you get now — Dear John, Thanks, but no thanks. The majority of the commentators felt like receiving feedback after an interview was a ‘right’ – legal and/or G*d given.  The reality is, it’s neither.

The paid interview feedback would be more in-depth, have more substance and would focus on you and how to help you get better at interviewing.  It would also get into why you didn’t get the job.  The LinkedIn commentators said this was rife with legal issues.  Organizations would not be allowed to do this by their legal staff because they would get sued by interviewees over the reasons.  This is a typical HR response.  If you say ‘legal’ people stop talking about an idea.  They teach that in HR school so we don’t have to change or be challenged by new ideas!

The reality is, as an HR Pro, I’m never going give someone ammunition to sue my organization.  If I didn’t hire someone for an illegal reason, let’s say because they were a woman, no person in their right mind would come out and say that.  Okay, first, I would never do that. Second, if I did, I would focus the feedback on other opportunity areas the candidate had that would help them in their next interview or career. No one would ever come out and say to an interviewee, “Yeah, you didn’t get the job because you’re a chick!”

This is not a legal or risk issue.  It’s about finally finding a way to deliver great interview feedback to candidates.  It’s about delivering a truly great candidate experience.  So many HR Pros and organizations espouse this desire to deliver a great candidate experience but still don’t do the one thing that candidates really want.  Just give me feedback!

So, do you think I’m still crazy for wanting to charge interviewees for feedback?

Would You Be Willing To Pay For Interview Feedback?

Posted on by
1

I get my ideas in the shower. I have a busy life, so it seems like my down time is that solid 5 to 10 minutes I get in the shower. I usually shower twice a day—once first thing in the morning, then before I go to bed. That’s 10 to 20 minutes daily to think and clean. I like going to bed clean. I like waking up with a shower. You’re welcome. You now know my daily cleaning habits. Thanks for stopping by today!

I’m not sure why ideas come to me. My wife says I’m not completely “right.” I get weird things that come into my head, at weird times. This morning I decided to stop fighting the candidate experience freaks (those people that think candidate experience actually matters, which it doesn’t) and finally help them solve their problem. You won, freaks. But I damn well better get a lifetime achievement award at the next Candidate Experience Awards!

Here’s your solution: Charge candidates a fee to get feedback on their interviews.

<Drops mic, walks off stage, give me my award.>

Yeah, that’s what I just said. Let me give you the details; apparently, a couple of you just spit out your coffee.

Candidates want great feedback on their interviews, desperately. When someone really wants something, that certain thing becomes very valuable. HR shops in organizations have the ability to deliver this very valuable thing, but they don’t have the resources to do it well. By well, I mean really well: making that feedback personable, meaningful, and developmental.

Are you willing to spend 15 minutes debriefing a candidate after an interview… a candidate you don’t want? Of course not. What if that candidate paid you $10 for that feedback? That’s $40 per hour you could make just debriefing candidates. Couldn’t you go out and hire a sharp HR pro for like $30 per hour to do this job?

Yeah, that’s why I deserve awards. My ideas are groundbreaking. It’s a big burden to carry around.

Think of this like an airline. Airlines figured out that certain people are willing to pay an extra $25 to get on the plane first, or to be first in line. This is all you’re doing. You’re not taking advantage of anyone; you’re just offering a first-class candidate experience for those willing to pay for it. For those unwilling to pay for first class, they’ll get your coach experience. They’ll get a form letter that says thanks, no thanks, here’s a 10% off coupon on your next use of our service, or whatever you do to make that candidate experience seem special.

A first-class candidate experience for $10. Do you think candidates would pay for that? You’re damn straight they would! Big companies would actually have to establish departments for this! Goldman Sachs, give me a call, I’ll come set this up for you! GM, Ford and Chrysler, I’m like an hour away, let’s talk, I can come down any day next week.

It’s easy to dismiss a crazy idea that some guy came up with in the shower—until your competition starts doing it, it becomes the industry norm, or Jobvite orHireVue or Chequed builds the app and starts selling this a service. My Poppi (that’s what I called my Grandfather) always use to say, “Tim, it only costs a little more to go first class.” People like first-class treatment. People want first-class treatment. People will pay for first class treatment.

Would you pay for great interview feedback, so great it could be considered personal development? How much?

Michael J Fox’s Perspective on Co-Workers #WorkHuman

Posted on by
7

Michael J. Fox was one of the closing day keynotes at the WorkHuman conference this year, and he killed it like you expect. One of the key takeaways I took from his talk was in regards to all those people you work with on a day to day basis.

Mike Fox laid out two things you should think about when you think about how you interact with your co-workers:

1. Enjoy the people you work with for what they can positively contribute to you and your organization.  This is all about focusing on the strengths of those around you. If you constantly focus on what someone can’t do, you make them miserable and you stress yourself out as well.  People perform better when you allow them to do what they’re good at. When you recognize them for what they bring to the organization, not what they don’t bring.

2. If you can’t enjoy the person you work with, be thankful you’re not them. We are all going to have people in our life that we have to work with that we frankly just don’t like. Could be personality, or skills, or attitude, etc. Mike Fox said you can still find a positive out of this by focusing on the fact you’re grateful that you don’t have their challenges, and by helping those people be the best version of themselves.

I love this philosophy!

Mike Fox was very big on this concept that judging others will get you nowhere. It’s such a big part of culture. I know I do some this myself, and it’s not something I’m ever proud of. The reality is judging others says more about your inadequacies than it does about the persons you are judging. It was a great reminder.

It was a great reminder. In HR and TA we tend to believe ‘judging’ is part of our job description, but it’s not. The best HR and TA Pros I know don’t judge candidates or employees but find what is most useful of those individuals and try and put those people in positions to be successful.

Finally, Mike spoke about fear. Fear others have when they look at him. They look at him expecting to find fear in him and instead see their own fear in his eyes. That statement made me pause. He’s not fearful of his situation. He’s happy life gave him this enormous platform to change lives.

Perspective. We shouldn’t assume we know others based on our own beliefs and fears. Here’s a guy who is facing an uncertain future, but he’s embraced the joy of living one day at a time. The real secret, he didn’t share, is we all are facing life one day at time, he’s just figured it out way before us!

 

Death of the Millennials

Posted on by
3

I was at a conference recently and one of the keynotes actually gave a presentation on how to work with millennials. I thought to myself, “how 2009 of this person to do this!” I’ve vowed at this point to never sit through another presentation on millennials in the workplace. Millennials are now dead to me.

Just as Baby Boomers, GenXer’s, GenZs, The Founders, etc., are all dead to me. All of us are people. All of us are in the workplace. All of us have to work together and get along. Focusing so much on one group over another just perpetuates dysfunction and confusion. I actually heard executives talking about kids graduating high school and believing they also are ‘millennials’. Just stop!

That all being said, IBM came out with an infographic about the myths, exaggerations and uncomfortable truths of millennials, last week, which sparked my little rant. I wanted to share these five myths and add some commentary:

1.Millennials’ career goals and expectations are different from those of older generations.

Turns out we all still, for the most part, want the same thing. Good job. Good pay. Stability. Don’t buy into the hype that any of your workers want to jump around from company to company. They don’t.

2.Millennials want constant acclaim and think everyone on the team should get a trophy.

Again, every generation wants feedback and told they’re a rock star, even when they’re not. As we age, we start to gain a little better self-insight that we might suck. When we’re young we think we’re awesome, even when we’re not.

3.Millennials are digital addicts who want to do everything online.

I have 8 aunts who are all in their 60’s, pushing their 70’s, all of whom spend most of their day on digital devices gaming and on social sites. This is the world we live in. My Mom would rather order a pizza online then pick up a phone. Welcome to modern day life.

4.Millennials, unlike their older colleagues, can’t make a decision without first inviting everyone to weigh in.

No one wants to be the one who made a decision that went wrong. In most corporate settings all workers play the CYA game by sharing decision-making responsibility. We all say we want to make decisions until we’re actually given that responsibility, then we turn into bowls of jello on the floor hoping we didn’t ruin our careers!

5.Millennials are more likely than others to jump ship if a job doesn’t fulfill their passions.

Guess what? Young people today have a ton of debt. That means you have to work and make money to pay down that debt. Then you decide to buy a house, get married, have a litter of puppies, etc. Passion is awesome. If you get a job you’re super passionate about, good for you, you’re winning at life. 99% of people will work in a job they like, make decent money, pay their bills, and probably will be passionate about other parts of  their life. I think they’re winning as well.

For the record, the last Millennials entered the workforce two years ago. Can we start talking about these snotty-nosed, spoiled brats who are beginning to enter the workforce right now with their Snapchatting and their video and their ability to brand themselves and never-ending gaze to the glow of their smartphone!? They’re calling themselves “The Founders”.

Go have fun with that. They named themselves…