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Business Building Tips and Guide
by Ray Brun


How Small Businesses Capture Talent

Some time ago, a friend of mine chartered a boat to go shark fishing with a few of his work buddies. In anticipation of the trip, all he could talk about was battling the raging seas and chasing, fighting, and catching his elusive and dangerous prey. I dealt with his jabbering insanity just fine: I too have watched Jaws way too many times.

As the story goes, the charter left the dock and motored towards a perfect pink sunrise on turquoise water that was as smooth as glass: so much for battling the mighty ocean. However, my friend consoled himself with thoughts of the big, bloody battle ahead.

Once the boat reached ‘the hot spot,’ the mate started throwing chum over the side of the boat, and an oily trail began to ooze towards the horizon.

 

Ray Brun
Ray Brun, Business Building Tips and Guide
Author,
Business Coach, Entrepreneur,
TAB Owner/Facilitator

Within half an hour, the first fin appeared; and then another, and yet another. Soon, the boat was surrounded by sharks, and the mate was actually beating them off the chum pot with a broom; like some crazed housefrau shooing away mice.

At this point, the captain turned to my buddy and his friends and in a matter-of-fact tone asked, “So, which one do you want to catch?”

Now, perhaps my friend stretched his fish story a tiny bit; but for the most part, I believe him. I also know enough about fishing to realize this story is by no means exemplary of the every day fishing trip. There are times when it takes hours to see any action, and then there are days when you get skunked. That, as the old saying goes, is why they call it fishing and not catching.

When I think of the ideal hiring situation, I picture myself on that boat. Instead of sharks, I am continually surrounded by hungry, qualified job candidates. Nearly all of them are keepers, and I get to pick the one with the exact dimensions I want. Granted, beating off the rejects with a broom might bring on some negative legal consequences, but other than that; it’s a darn good scenario, and it’s one that can really happen.

Getting the people you want boat side means making your business into a ‘hot spot.’ You need to brand it as a place where high performers want to be and to work. It means shoveling out a steady trail of desirable bait that’s heavy on realistic employee incentives and that oozes with the magnetic culture of your company. Bottom line, you’ve got to know what winners want from the job and then recruit for them by dangling the bait they’re after.                   (Continued below)


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Global consulting firm, Watson Wyatt, conducted an extensive Human Capital study of 405 firms in order to identify which human capital related function has the most impact on the market value of a firm. The results were compelling. If a company has an excellent recruiting function, it will increase the total market value (the dollar value of all the stock) of the firm by over 10%. For the smaller, private business, the payoff often means survival.

Smaller businesses can compete with larger ones without having a big recruiting budget. It’s not that big firms win out over the small ones: it’s that faster firms win out over slower firms. If you want to attract and hire great people, you have to think in terms of speed. You want to act fast, but hire slow and smart. In other words, fill all open positions with a sense of urgency, but still take the time to hire those individuals that will bring the right skill set, values, and behaviors to your company. Hiring successfully means investing the time needed to properly interview, conduct style assessments, and complete reference and background checks.

The great Internet explosion has made access to a colossal number of recruitment resources not just easy, but commonplace. Millions of “passive” (already employed) individuals have posted their resumes on job boards on the Internet. Not only does this provide business owners with a wider casting range over desirable employees, but it also significantly increases the risk of sinking the hook into the wrong person for the job. This is why it is more important than ever for business owners to take a strategic approach to recruitment.

Excerpted from Ray’s newest book- How Small Businesses Capture Talent:
164 Strategies for Recruiting and Hiring

© 2008 Ray Brun, MBA,SPHR, (Sr.Prof.HR Mgr.), CPBA (Certified Professional Behavior Analyst)
Owner, facilitator of TAB East Bay North - www.TABeastbaynorth.com
Author of " How Small Businesses Capture Talent," 164 Strategies for Recruiting and Hiring Winners

 

Ray Brun’s newest book-
How Small Businesses
Capture Talent,
164 Strategies
for Recruiting
and Hiring
Winners

Reqruiting and Hiring Guide for Small Businesses, by Ray Brun

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