When the demand for A-Grade people is greater than the supply, why do so many companies still spend most of their time, effort and energy targeting the 17% of people who are actively looking – when most A-Grade people are part of the 83% who aren’t[1]?
A key reason is that companies continue to rely on a ‘surplus supply of candidates’ mentality when approaching recruitment. They think of hiring A-Grade employees as a ‘numbers game’ – with the objective of getting as many people as possible to apply so there will be a better chance of finding a good person. This approach is fundamentally flawed.
Because A-Grade candidates are in scarce supply, companies must consider the hiring process from the perspective of an A-Grade candidate who is currently employed, highly engaged and has multiple job opportunities to choose from.
A-Grade people don’t look for work the way average people look for work. A-Grade people won’t just fire off their resume at the first hint of a job. They want to learn about the potential upside first. They aren’t interested in sideways/lateral moves – they are interested in career progression. They are less interested in a stale position description outlining the day-to-day tasks – and more interested in growth, a chance to maximise their abilities and to become better at what they (want to) do.
If you want to recruit A-Grade people, you need an A-Grade approach. We recommend your recruitment process incorporates the following:
Start with a Performance Profile outlining the key objectives that the successful candidate will need to achieve
Identify how your company (and the job opportunity) is different in a way that matters to an A-Grade candidate
Plan your promotion strategy. Use your networks – don’t just rely on job boards
Have an efficient and effective screening process in place
Conduct thorough competency-based selection interviews and assessments
Conduct thorough background and reference checking
Onboard and retain your new hire for success
Measure success based on your hiring managers’ ability to recruit A-Grade people (not their ability to hire fast and or cheap!)
There are any number of stats and calculators around that show how much it costs businesses when they make recruitment mistakes and turn-over executives.
Many would argue that bringing in external talent to replace a CEO is an example of failed succession planning. However for many SME’s and small-cap listed …