Wednesday, 10 July 2013

Interviewing and attracting passive talent...

This is a subject I’ve been meaning to write about for a while, but I’ve been prompted in to action after seeing the following Tweet last week:


‘Passive talent’ is a phrase I’m sure anyone involved in recruitment & hiring will be very familiar with, but for the benefit of those new to hiring, it’s a catch-all phrase to describe high calibre potential employees who are not actively looking for a career move, but who might move if the right opportunity were to find them.

It’s widely accepted that around 80% of the workforce in the UK (or 79% worldwide according to those in the know at LinkedIn) fall in to the category of being ‘passive’, whilst the remainder are those who are proactively searching for a move.

When searching for the best available talent for a vacancy, it therefore makes sense to be fishing from both ponds, rather than just posting an advert online and hoping that the best candidate will fall within the 20%. Another widely held view is that the 80% contains a higher proportion of quality candidates – those who are most effective in their given role, and are therefore well rewarded and happier in their existing employment.

All common sense so far, but when it comes to actually engaging with ‘passive talent’ many employers fail to adapt their communications and interview questions accordingly to reflect the fact that they are the pursuers and not vice versa - as highlighted so well in the Tweet above. Incidentally, accordingly to her Twitter bio, Amybeth is a 'Senior Talent Sourcer' for Microsoft in the US - a business and brand which I'm sure doesn't exactly struggle to attract potential hires.

These candidates do not expect to answer why they want to work for your organisation or why they want to leave their current employer (certainly at first stage interview). They might not want to do either…  yet!

They must have some level of interest to have made it through to interview, but there is still work to be done to move them from being merely interested on an exploratory level to being prepared to leave a job they were otherwise happy in to join your firm.

If the individual has been introduced via a recruiter/head-hunter you have an advantage. The recruiter should be able to provide more information on what makes the applicant tick – what would appeal to them, and what their current position might lack.

Things to consider:
·   
    Standard interview questions: do these need adapting? Instead of ‘Why do you want to work for us?’, how about: ‘What would you be looking for from an organisation if you were to move from your current employer?’

·   The interview process: does the direct line manager typically get involved at first stage interview? If not, this needs to change. The candidate will want to see who they would be working for if they’re to take the process any further. Could you also bring in someone who would work in the team alongside the individual, who can champion the business to them on  a peer-to-peer level?

·   Selling the opportunity: have the interviewers been briefed on how to sell the company and the opportunity they can offer? Do they all know there is more of a need to do so?

In summary, I’m not suggesting you should have to jump through hoops to entice someone to your organisation, but by recognising an individual is already content in their current position and making a few tweaks accordingly to the interview process, you are more likely to secure the best available talent for your business when the opportunity arises.


Do you have any tips/advice for employers looking to attract passive talent? Or any related experience you’d like to share. If so, please add to the comments below…

Wednesday, 3 July 2013

#AskBalance - Career Advice for accountancy and finance

Back in April, we started a new 'ask the expert'-style feature at Balance Recruitment - #AskBalance

First up as our resident expert was Tony Vickers. Tony heads up our accounting division recruiting in to Commerce & Industry. He has this year been crowned 'Best Permanent Consultant' at the Global Recruiters Awards, and 'Recruiter of the Year' in the Recruiter Awards for Excellence.

See below one of the questions answered by Tony, and click here to see the full feature. 


I'm a qualified accountant looking for my first role in industry.  What are my options?

Completing your accountancy training in practice is a solid grounding for a move into industry.  Whether you qualify as an ACCA or ACA or in a small, mid tier or top 4 practice; there are plenty of options for you.  The most common move for someone at a newly qualified level would be to take a role either in internal audit, group finance or financial accounting.  It is less common for newly qualified accountants to take a first step into a commercial/analytical role which tend come once you have cut your teeth in industry in a more traditional accounting role.  Generally those FTSE 250 businesses tend to favor people with a ‘top 4’ background however this is not always the case with those training in a smaller firm tending to gain a greater breadth of experience which is valued.