{"id":575,"date":"2007-01-12T14:29:53","date_gmt":"2007-01-12T20:29:53","guid":{"rendered":"http:\/\/selectmetrix.com\/blogs\/2007\/01\/what-if-all-your-senior-execs-left\/"},"modified":"2007-01-12T14:29:52","modified_gmt":"2007-01-12T20:29:52","slug":"what-if-all-your-senior-execs-left","status":"publish","type":"post","link":"http:\/\/selectmetrix.com\/blogs\/2007\/01\/what-if-all-your-senior-execs-left\/","title":{"rendered":"What If All Your Senior Execs Left?"},"content":{"rendered":"<p><a href=\"http:\/\/www.businessweek.com\/careers\/content\/jan2007\/ca20070109_957593.htm?campaign_id=rss_null\" target=\"_blank\">What If All Your Senior Execs Left?<\/a> from BusinessWeek addresses a topic we have been shouting from the mountaintop. First, a great point that I haven&#8217;t considered:<\/p>\n<blockquote><p>Organizations today are running with lean, highly productive staffs. While such streamlining is great for budgets, the fact that workplace productivity levels have continued their upward trajectory has created a dearth of available talent.Losing multiple key executives within a short time can tear a hole in the business plan and hurt both a company&#8217;s bottom line and stock price.<\/p><\/blockquote>\n<p>Companies are highly streamlined today which makes every position important to overall corporate success. Technology continues to drive productivity increases, but I believe the impending Baby Boomer exit will create too great a gap to overcome. Of course, necessity is the mother of invention so some technological breakthrough is probably on the near horizon. Or perhaps a dramatic rise in offshoring to countries with expansive labor forces.<\/p>\n<p>The approach addressed in this article is the solution &#8220;workaround&#8221; we endorse &#8211; hiring the right talent from outside your industry. <a href=\"http:\/\/www.selectmetrix.com\/Articles\/2006\/Article_Selecting_Salespeople_From_Outside_Your_Industry.html\" target=\"_blank\">We even wrote an article on the topic<\/a>. The author of the BusinessWeek article seems to agree:<\/p>\n<blockquote><p>Where should companies find this diverse group of talented people with appropriate knowledge and experience? Companies should be careful not to try to replicate the current senior team. Instead, they should consider creating a &#8220;new team&#8221; made up of internal promotions and a few hires from competitors, with <strong>the majority coming from outside the industry and outside the hiring company&#8217;s comfort zone<\/strong>.<\/p><\/blockquote>\n<p>Amen to that. The best return on your investment is to get ahead of your competition and start implementing this approach now. Stop recycling mediocrity by only hiring from within the narrow scope of your industry. Instead, follow the author&#8217;s advice:<\/p>\n<blockquote><p>The solution, then, is to act now. Evaluate your current team. Identify the holes and the available pool of qualified talent. Determine the core competencies you will need, and consider where you will find diverse talent. Build a leadership program to bring the talent on board, and fund the program for success. <em>Then recruit the best talent in the market<\/em>.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>What If All Your Senior Execs Left? from BusinessWeek addresses a topic we have been shouting from the mountaintop. First, a great point that I haven&#8217;t considered: Organizations today are running with lean, highly productive staffs. While such streamlining is great for budgets, the fact that workplace productivity levels have continued their upward trajectory has created a dearth of available talent.Losing multiple key executives within a short time can tear a hole in the business plan and hurt both a company&#8217;s bottom line and stock price. Companies are highly streamlined today which makes every position important to overall corporate success. Technology continues to drive productivity increases, but I believe the&hellip; <a class=\"read-more\" href=\"http:\/\/selectmetrix.com\/blogs\/2007\/01\/what-if-all-your-senior-execs-left\/\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[2,16,15,5],"tags":[],"class_list":["post-575","post","type-post","status-publish","format-standard","hentry","category-hiring","category-hiring-salespeople","category-sourcing","category-trends"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5Oho-9h","jetpack-related-posts":[{"id":1698,"url":"http:\/\/selectmetrix.com\/blogs\/2008\/08\/the-best-social-networking-in-person\/","url_meta":{"origin":575,"position":0},"title":"The Best Social Networking &#8211; In-Person","author":"Derrick Moe","date":"August 8, 2008","format":false,"excerpt":"I don't think this is a big surprise, but in-person networking is the most important.\u00a0 From the Career News newsletter (sorry, no link): While the execs expected the importance of online networking to grow from 24% now to 38% in two years' time, that's still less important than developing personal\u2026","rel":"","context":"In &quot;Communication&quot;","block_context":{"text":"Communication","link":"http:\/\/selectmetrix.com\/blogs\/category\/communication\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":735,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/03\/flexible-hours-expected\/","url_meta":{"origin":575,"position":1},"title":"Flexible Hours Expected","author":"Derrick Moe","date":"March 8, 2007","format":false,"excerpt":"CareerJournal.com's Bend Without Breaking: Women Execs Discuss Flex Schedules is an interesting take on a woman's leadership challenges.\u00a0 This quote is what caught my attention: Michele Coleman Mayes, senior vice president and general counsel of Pitney Bowes, says one of the main rules she learned early in her career --\u2026","rel":"","context":"In &quot;Hiring&quot;","block_context":{"text":"Hiring","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1019,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/06\/a-lack-of-productivity-overseas\/","url_meta":{"origin":575,"position":2},"title":"A Lack Of Productivity Overseas","author":"Derrick Moe","date":"June 20, 2007","format":false,"excerpt":"We don't work in the international hiring arena so this may be old news to some of you. I just read the latest Herman Group enewsletter regarding the Global War for Talent (sorry, no link). Apparently productivity is a real problem overseas (emphasis mine): In some countries, notably Mexico and\u2026","rel":"","context":"In &quot;Trends&quot;","block_context":{"text":"Trends","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/trends\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":836,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/04\/compensation-limitations-part-deux\/","url_meta":{"origin":575,"position":3},"title":"Compensation Limitations Part Deux","author":"Mike Cardinal","date":"April 18, 2007","format":false,"excerpt":"As you would expect, my interpretations of the articles referenced by Herd Enuff's comment are much different than the musings of the young lad known as the Velvet Hammer. I'm assuming the young lad chooses to ignore the aforementioned differences between the private and public sector for a reason. Perhaps\u2026","rel":"","context":"In &quot;Compensation&quot;","block_context":{"text":"Compensation","link":"http:\/\/selectmetrix.com\/blogs\/category\/compensation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1515,"url":"http:\/\/selectmetrix.com\/blogs\/2008\/04\/scratch-and-sniff-resumes\/","url_meta":{"origin":575,"position":4},"title":"Scratch And Sniff Resumes?","author":"Derrick Moe","date":"April 14, 2008","format":false,"excerpt":"First off, the word \"wacky\" should not be used in any form of writing.\u00a0 Second, this Yahoo Hot Jobs article - Wacky Job-Seeker Stunts - lists some . . . zany gimmicks for attempting to land a marketing\/advertising position: Puts up posters of himself in your company parking lot. Attaches\u2026","rel":"","context":"In &quot;Anecdotes&quot;","block_context":{"text":"Anecdotes","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/anecdotes\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2148,"url":"http:\/\/selectmetrix.com\/blogs\/2009\/10\/jobless-recoveries\/","url_meta":{"origin":575,"position":5},"title":"Jobless Recoveries","author":"Derrick Moe","date":"October 29, 2009","format":false,"excerpt":"Jobless recoveries is an all-too-frequent phrase in our modern economy.\u00a0 The 3.5% growth in 3rd quarter GDP is a bit misleading as the government poured money into the economy (cash for clunkers, first-time home buyer program, etc.).\u00a0 The hiring trend continues to be abysmal as somewhat expected as it is\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"http:\/\/selectmetrix.com\/blogs\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/comments?post=575"}],"version-history":[{"count":0,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/575\/revisions"}],"wp:attachment":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/media?parent=575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/categories?post=575"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/tags?post=575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!-- WP Super Cache is installed but broken. The path to wp-cache-phase1.php in wp-content/advanced-cache.php must be fixed! -->