Category Archives: Career Advice

The Cost of a New Hire is $1000-$5000!?

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Ryan Holmes, the CEO at HootSuite, recently posted an article over at LinkedIn. Ryan is, of course, an “Influencer” for LinkedIn, because he’s a CEO and because he works for a cool brand like Hootsuite. Who cares if he knows what he’s talking about, he’s from Hootsuite, muthfucka!! He must be influential!

Anywho.

Ryan was actually talking about Google’s “bungee” program (see if you’re influential you talk about Google!) and how millennials only care about being developed. Because if we know anything we know young people are great judges of what they actually want. So, Ryan and Hootsuite are actually coming up with their own copycat program and calling it “stretch”.

This program basically allows Hootsuite employees to try out other roles within Hootsuite one day per week, and if it goes well to eventually into that role full time. The basis of the program being that “great employees will be great employees in any role, given the change”.

But, one other big thing jumped out from the post. Remember this is a CEO of a major company. He based all of this program on cost of turnover and believes his cost of turnover is $5000 per employee leaving! $5000!? Now, if you spent 17 seconds in Talent Acquisition you know there is no way $5000 covers the cost of a top employee, probably not even a crappy employee.

SHRM, and other organizations, continually throw numbers at HR and TA that say they believe the cost of turnover is usually 1 to 1.5 times the salary of the person leaving. Do you see the problem with the HR math we have?

CEO believes that it cost $5000 to replace an IT Developer in your company making $85,000. You believe is costs $85,000-125,000 to replace that person. THIS is a major problem and disconnect!

It would be easy for me to say, “well Ryan just pulled some bad data from some crappy content put together by a TA tech vendor to help shape their own story”, but it’s truly the reality for most executives. This is why I constantly caution TA pros and leaders to stop using the 1-1.5 times metric and start asking your executives what they think it is.

In my experience, what I find is most executives, for a professional position will usually give you a number around $10,000. The biggest miss of executives is they never calculate the revenue and profit a great employee produces versus a bad employee or having that position left open. This is where the SHRM number comes from.

This is problematic because most executives won’t tie revenue numbers to someone who’s not in sales, wrongly, since everyone in your organization has an impact on revenue and profit. So, you can fight this battle, which you’ll mostly lose, or you can just go with what they believe and build your story from there.

$5,000-$10,000 per lost employee aren’t small numbers, it’s still significant dollars to work with as a TA leader, and you’ll get better buy-in from CEOs like Ryan!

 

Taylor Swift doesn’t believe in a 2 week notice. Should you?

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I’m a Taylor Swift fan. I love that everyone tries to bring her down and she just keeps rolling along writing breakup songs, dating again, writing more breakup songs, dating again, writing more breakup songs…you get the picture, I like breakup songs!

The one thing you don’t want to do if you’re close to Taylor Swift is wrong her in any way! If you do, know that will end badly for you and probably another hit record for her! Check out what happened when some of her dancers wanted to leave for another tour:

Apparently, three of Swift’s backup dancers had left her tour in 2013 to join pal Perry’s tour. All three had worked with Perry before they ever worked with Swift, and pretty much no one not intimately connected with either tour would’ve known the transaction had ever occurred until TMZ reported —in September 2014, a year later—that Swift was mightily ticked off by the dancers’ decision, firing them on the spot after they gave notice.

So, the dancers do what we tell them they should do, give your two-week notice. Taylor, like many employers today, accepts their resignation by kicking them out immediately!

That’s the big question today, isn’t it? As an employee, should you give the ‘standard’ two-week notice? As an employer, should you accept that two weeks or kick them curb like the unloyal swine they are!?

As with everything, it depends, right?

Here are my rules on two-week notices:

1. If the employee completely sucks and was basically dead-employee-walking, might as well thank them for nothing and have them leave immediately!

2. If your employer is evil, no need to really stay around for two weeks and be treated terribly.

The problem with both 1 and 2 is it takes a sane person to make this judgment. That’s the problem usually, bad employees and bad employers aren’t sane!  So, we probably need to add some other rules.

3. If the employee who gave two-weeks can cause harm to the organization by hanging around (recruiting other employees away, stealing trade secrets, messing up client relationships, etc.), even if they were a good employee, probably need to cut bait.

4. If you’re an average to above average employee and want to retain this relationship, you probably want to work out the two weeks.

5. Employees working out the two weeks notice know it’s tough not to look ahead. That being said, try and leave no surprises for anyone after you leave.

I still think most employers believe if you give a two-week notice, you should plan on working that out. You never know – read that again – YOU NEVER KNOW where you might end up in life and who you might run into. Skipping out on the two-week notice and be career limiting and you’ll never know how it might limit you!

On the employer side, if you decide to skip the two-week notice and kick a kid to the curb, I suggest, at a minimum, you should pay out that two weeks. I get that sometimes it just doesn’t work for you to keep someone around who has one foot out the door, but that might not be the case for everyone, so at least make them whole if you don’t want them around.

Recruiting Secret #5

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Everyone wants to know the secret to great recruiting. Candidates want to know how to get into companies. Recruiters want to know each other’s secrets to finding great talent. No one seems to be sharing their secrets, so I thought I might as well fill everyone in…

Recruiting Secret #5

I haven’t read a cover letter to a resume since 1999.

If you are sending a cover letter with your resume, the recruiter that is receiving that letter thinks you’re a moron. If you’re being told to develop and send a cover letter, the person telling you to do that is a moron.

Cover letters died when ATSs began accepting applications and resumes. At this point, even if you are able to upload a cover letter, no hiring managers are ever going to see that, and most recruiters will never read a sentence of it either!

Recruiting Secret #11

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Everyone wants to know the secret to great recruiting. Candidates want to know how to get into companies. Recruiters want to know each other’s secrets to finding great talent. No one seems to be sharing their secrets, so I thought I might as well fill everyone in…

Recruiting Secret #11 

Hiring managers, on average, don’t hire older workers because they fear they know more than them. 99% of supervisors can’t handle that situation, and feel threatened for their job. Even though, hiring people that know more than you is the secret to success for high performing leaders.

 

 

I’m a Jealous Asshole.

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Don’t blow out someone else’s candle to make yours brighter. – Chelsea Handler


I had someone close to me tell me recently they were jealous of me.  It was hard for them to do, I know. It always hard to put yourself out there and be vulnerable.

I’m jealous as well. I’m jealous all the f’ing time. I hate that about myself.

I’m surrounded constantly be really, really talented people. That’s a gift and a curse. I know many of these folks on a really personal level and I know they work their ass off to get what they have, but it doesn’t stop me from being jealous of them.

Why should you care?

Jealousy kills so many talented people. Not literally killed, but emotionally and from a talent perspective.  It’s easy to say, “just focus on you! Be the best ‘you’, etc.”  It’s much harder to actually do that.

I have a couple of friends I can reach out to, tell them I’m being a jealous asshole, they’ll listen and they’ll try and help. I appreciate that. I trust them completely not to share my crazy jealous fits.  They’re so childlike, they’re embarrassing.   Everyone needs friends like these, and you need to be this friend!

It sucks being a jealous asshole. My wife says I’m never jealous, but I hide it from her. We do that kind of stuff for the people we love the most.

Don’t blow out someone else’s candle to make yours brighter, might be the best advice I’ve heard in a very long time. It won’t stop me from being jealous, but I hope it stops me from trying to bring down someone else when I’m jealous.

 

 

 

T3 – Pilot (@Pilot_Inc)

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This week on T3 I review the new startup coaching technology PILOT. PILOT is the brainchild of Ben Brooks. I’ve known Ben for years, he’s a super smart HR Pro/Leader based in New York who has an exceptional corporate HR background. From Ben’s corporate experience he realized there was a gap in the market when it came to professional, personal development for most people, and PILOT was born.

PILOT is an innovative career improvement company revolutionizing the way individuals command their careers. With leading advice and resources that were previously only available through expensive one-on-one career coaches or control-focused HR departments, PILOT combines an easy-to-use technology platform with focused, real-world advice that empowers individuals to take control of their professional success.

Basically, PILOT is a more efficient, cheaper way to have a professional business coach in your life. One that helps you drive your career forward and holds you accountable to results. For organizations, it becomes retention insurance! If your best people are being developed, they will leave, that’s been proven.

5 Things I really like about PILOT:

1. PILOT is designed like development should be designed, to ensure the person takes ownership of their development. Too often corporate development puts the ownership back on the LOD department or the hiring manager, not the individual. That is where PILOT starts.

2. PILOT’s Job Renovator measures an individual’s job satisfaction, then shows them how to become more satisfied with their job, by staying, not leaving! This is why PILOT should be considered Retention Insurance. Most business coaching type programs almost exclusively get people to find satisfaction by leaving. Ben understands this from working on the corporate side, and saw the power in getting people to stay and find a better way.

3. Each individual gets a pdf blueprint of their action plan on the steps they’ll be taking along the way of their career development.

4. PILOT is designed around your schedule. They’ve discovered about 80% of the participants will actually schedule their sessions on the weekend, for professional career development. The people who are serious about moving the needle in their career find time to make this a priority.

5. PILOT is a great combination of technology and real-life coaching with accountability, check-ins, and reassessment built into the program.

In terms of cost PILOT is a fraction of having a live business coach, plus from a corporate perspective, the system is actually working with you to re-engage your leaders and employees to find more out of current position, stay with the organization, and build their career with you. For those who have had a professional coach (like I have), so often those engagements end by you leaving the organization to meet your professional goals. PILOT is the first developmental tool I’ve seen that truly works for both the individual and the corporations best interest.

T3 – Talent Tech Tuesday – is a weekly series here at The Project to educate and inform everyone who stops by on a daily/weekly basis on some great recruiting and sourcing technologies that are on the market.  None of the companies who I highlight are paying me for this promotion.  There are so many really cool things going on in the tech space and I wanted to educate myself and share what I find.  If you want to be on T3 – send me a note.

The Grass Isn’t Always Greener

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This is HR’s go-to advice for employees who put in their two-week notice, especially if that employee is heading to a competitor:

“Just remember! The grass isn’t always greener!” 

HR is mostly right. I’d say here’s the actual breakdown of ‘greenest’:

  • 50% is actually about the same shade of green. You’re moving to just move. You’ll find the job, the people, the money, everything is almost the same. The only change is the name and maybe the location by a bit.
  • 30% is going to be a nice shade of light brown, meaning the grass isn’t green at all, it’s dead! HR wants to believe this number is higher but it’s not, but it’s high enough to give some folks some pause before making such a big decision.
  • 10% is way greener! Like green M&M green. Dream job green! Everything is better and you’re so happy you made the move. You found your dream job!
  • 10% isn’t grass at all. Someone replaced the grass with some other material, like in Phoenix where grass can’t grow so they pave the front yard and paint it green, or just put in rock and cactus. This is completely something you didn’t expect. You were hoping for a better job, and you got something that isn’t better but not worse, it’s not even the job you expected, so you can’t really compare.

So, you have about a 10% chance of getting what you think you’re getting. Not good odds, but like I said, most employees way overthink their odds on this and probably believe they have a 70-90% of bettering themselves when they move. Most will just stay the same or get slightly worse.

Why do we believe moving is better?

1. You’re being sold. Sold by a recruiter and a hiring manager that you’ll be moving from a trailer park to Disney World. You really, really want to believe that’s true, so you buy!

2. You over-value that what we don’t know, over what we already have. This happens in so many areas of our life. Relationships. Jobs. Table at a restaurant.

3. You over-value what others have, over what you have. Think about this for a minute. You’re so eager to get out of this job, yet others are so eager to get this job. What does that say? You’re brilliant and everyone else is an idiot? Probably not. The truth is usually somewhere in the middle.

Everyone keeps telling me all these ‘new’ young workers just want to jump from job to job. They don’t have loyalty, etc. The reality is much less about their desire to move, and more about them being more naive to the realities of changing jobs.  We all loved changing jobs until it backfires and you leave something good, for something crappy.

Once that happens, you’re less likely to change jobs the rest of your career, even if you’re in a bad job! Don’t underestimate what you currently have. It’s probably way better than you’re making it out to be, and the new gig isn’t as good as it sounds. That’s not sexy, that’s just reality.

 

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

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“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?

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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?

4 Tips for Hiring Candidates Who Have True Grit!

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In our ever constant struggle to find the secret sauce of finding the best talent, many organizations are looking to hire candidates who have grit. What the heck is grit? Candidates who have grit tend to have better resolve, tenacity, and endurance.

Ultimately, executives are looking for employees who will get after it and get stuff done. Employees who aren’t waiting around to be told what to do, but those who will find out what it is we should be doing and go make it happen. Grit.

It seems so easy until you sit down in front of a candidate and try and figure out if the person actually has grit or not! You take a look at that guy from 127 Hours, the one who cut his own arm off to save his . That’s easy, he has grit! Susy, the gal sitting across from you, who went to a great state school, and worked at a Fortune 500 company for five years, it’s hard to tell if she has grit or not!

I haven’t found a grit test on the market, so we get back to being really good at questioning and interviewing to raise our odds we’ll make the right choices of those with grit over those who tell us they have grit but really don’t!

When questioning candidates about their grit, focus on these four things:

  1. Passion. People with grit are passionate about something. I always feel that if someone has passion it’s way easier to get them to be passionate about my business and my industry. If they don’t have true passion about anything, it’s hard to get them passionate about my organization.
  1. Doer. When they tell you what they’re passionate about, are they backing it up by actually doing something with it? I can’t tell you how many times I’ll ask someone what their passion is and then ask them how they’re pursuing their passion and they’ve done nothing!
  1. What matters to them. Different from passion in that you need to find out what matters to these people in a work setting. Candidates with grit will answer this precisely and quickly. Others will search for an answer and feel you out for what you’re looking for. I want a workplace that allows me to… the rest doesn’t matter, they know, many have no idea.
  1. Hope. To have grit, to be able to keep going when the going gets tough, you must have hope that things will work out. The glass might be half full or half empty, it doesn’t matter, because if I have a glass, I’ll find something to put in it!

I’ve said this often, but I believe individuals can acquire grit by going through bad work situations. We tend to want to hire perfect unscarred candidates from the best brands who haven’t had to show if they have grit or not.

I love those candidates with battle wounds and scars from companies that were falling apart, but didn’t. I know those people had to have grit to make it out alive!  I want those employees by my side when we go to battle.

Check out Angela Duckworth’s book Grit: The Power of Passion and Perseverance for more on this subject!