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| Bridging the Gap: Passive Candidate Recruiting: Part 3-1 |
| Recruiting |
| Written by Lou Adler |
| Wednesday, 18 January 2012 04:00 |
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The criteria top candidates use to accept an offer are not the same as the criteria they use to decide to engage in a discussion about a job. Understanding this difference is a fundamental key to improving your passive candidate recruiting effectiveness. It’s best to break these decision-making criteria into three broad categories to help distinguish the differences. Day 1: These are the aspects of the job the candidate will get on the start date. It includes the compensation, location, company, title, and a quick overview of the job. Year One: These are the factors that affect on-the-job performance and satisfaction during the first year. They include the actual work itself; what the person will be learning, doing, and becoming; the scope and importance of the position and the impact it could make on the company; all of the team and cultural fit issues; work/life balance; and the total rewards package, not just monthly compensation. Beyond Year One: These are the long-term components of the job including factors like opportunity for advancement, the company’s strength and resources, the industry and economic issues, visibility of the position within the company, the opportunity to develop relationships with senior management, and the leadership qualities of the hiring manager. While all of these factors are important when deciding whether to accept an offer or not, it’s pretty obvious that for a person looking for a career growth opportunity, Year One and Beyond criteria are more important than Day 1. Unfortunately, most good people focus too much on Day 1 criteria when first contacted by a recruiter. Being an effective passive candidate recruiter requires the ability to “bridge the gap” between Day 1 and Year One and Beyond decision-making. Bridging the gap properly can improve a recruiter’s end-to-end candidate yield – i.e., turning prospects into interested candidates – by 3-5X! This means instead of getting one in ten prospects agreeing to seriously evaluate your offer, you’ll get at least three or four. Alone, this will shorten time to hire. Even better: by developing relationships with those who aren’t appropriate for the job, you’ll be able to instantly search on their LinkedIn connections and find other worthy passive candidates you can contact. Developing a great list of pre-qualified referrals who will call you back can provide another 3-5X boost in productivity. Contacting passive candidates requires a sound process that’s implemented correctly. Bridging the gap is part of this, but it’s important to see this in the context of the whole engagement process. This is shown below. Moving Passive Prospects from Bystander to Interested Prospect
In Part 3-2 of this article, we’ll provide specific details on how to actually Bridge the Gap (Step 5 above). From an introductory and positioning standpoint, this series of steps provides a good overview of when this technique needs to be applied during the initial recruiting process, and what you have to do ahead of time to make sure it works. Equally important is what you do afterwards. Hiring top talent can be a scalable business process, but first you need to have a process that works, and then it has to be implemented properly and monitored constantly. |