

There's a great article about recruiting in the September 2007 issue of Fast Company - "The Inevitability Of $300 Socks." Actually, it has nothing to do with recruiting unless you read between the lines. And what a great story is told between those lines! Chip and Dan Heath, the authors of the business best seller Made to Stick - Why Some Ideas Survive and Others Die, make the point in their article that some basic products attain premium pricing when they're seen as ideas rather than mere commodities. The Heaths cite alcohol, jeans and spa treatments as idea-based products and oil changes and fax machines as idea-free. You obtain premium pricing and margins with idea-based products and basic market returns with basic commodities
In the world of recruiting it's a little different. In general, you need to pay premium pricing to attract top performers if you're offering basic commodity-like jobs. But if you could convert your jobs into ideas you might be able to eliminate the premium and still attract a better class of prospects. If you're an employer of choice (EOC) this is certainly the case. While most EOCs offer competitive compensation packages, it's the idea of working in a well-known and professional organization with upside opportunity that top people find attractive. You can obtain the same benefit by converting each job into a similar and unique value proposition.
Here are some ideas on how you might want to create these idea-based jobs:
Here are some other articles you might want to read on how to prepare these career opportunities. Our term for these type of career-oriented job descriptions is performance profiles. Once you convert your jobs into career opportunities as described, you'll have all of the ammunition you need to convince top performers to consider your offerings despite every other situation they're considering. Just tell them you'd like to show them a $300 pair of socks.

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Thursday July 24th, 2008
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