Leadership: How one good apple can save the whole barrel

The private equity firm was in a world of hurt. They paid over $100 million dollars for this fast food restaurant chain and it was now losing over $40 million a year. Their investment was now effectively worth zero. They called me in to find a new CEO for the company. We interviewed many candidates, but one stood out above the rest. Why? Our questions about leadership brought out his greatest strength. You could tell from his answers he was more than a manager, he was a leader. He came from a very large fast food chain where, frankly, he wasn’t all that well liked by senior management. They were uncomfortable with his “style”. But, his “style” created a team where every person who worked for him loved him and would work their fingers to the bone for him. Not surprisingly, he took the worst region in the company and made it into the most profitable region in the company. This guy worked harder than anyone. Despite being an EVP, he wouldn’t hesitate to grab a rag and wipe down a table when he visited a restaurant. He had example after example on how he turned around his region through hard work and leadership.

When he met with our client, in 15 minutes they knew they had found their new CEO. He took the job and within two years had the company back in the black. How? Was he a management genius? No. He was successful because he was a leader, not just a manager. His team believed in him, his banks believed in him, and his private equity investors believed in him. He was able to get the performance he needed from his employees and the financial backing he needed from the financial community. Good leaders hire good leaders and he was no exception. He hired a good team and the rest is history. He was with the company for over a decade and sold it to a financial buyer for over $600 million. (Needless to say, he’s now “on the beach”.)

Lesson: Don’t confuse management with leadership. Ask candidates for examples of where they’ve demonstrated leadership. Would their subordinates say they were a strong leader? Why? Have a hiring process designed to attract and retain top quartile talent throughout your organization and your opportunities will become endless.

Is your hiring methodology designed to attract top talent? If you want to assess the quality of your hiring process, download a free copy of our 8-Point Hiring Methodology Assessment Scorecard. CLICK HERE to download.

You should also join our Hiring and Retaining Top Talent group on LinkedIn. There are many great articles and discussions on  hiring. CLICK HERE to join.

Author’s Bio

Mike is the founder of Hagerthy & Co, an executive search, training and consulting firm. For information on how to arrange for their complimentary Hiring Process Assessment go to www.hagnco.com/page13.html#HiringProcess

Hiring Top Talent – Determining A Cultural Fit – Audio Recording

The number one reason candidates fail in their brand new job is that they cannot deliver your expected results. The second reason is that they cannot adapt to your unique culture and environment. Adapting to your culture must be measured to ensure a successful hire. Unfortunately, measuring the ability to adapt to your culture is one of those items everyone talks about, but is not sure how to do it effectively. In this Audio Program, Barry and Brad break down the specific tactics on how to measure whether a candidate can replicate their past accomplishments and achievements in your unique culture.on.

To download or listen to the recording CLICK HERE, then scroll down to the recording

The roast beef story . . .

A newly married couple was beginning their first Sunday meal preparation. The young woman began preparing a wonderful roast of beef while the man was preparing the vegetables. As they worked, the man noticed that the wife sliced off both ends of the roast and then rolled it in spiced flour. Curious, he asked, “Why did you do that?” “Do what?” “Slice the ends off the roast,” he responded, “Does that make it juicier or something?”

“Well, I don’t really know. Mom always does that when she cooks a roast.” So they called her mother and were amused to hear that she also didn’t know why the ends should be cut off the roast. It turns out it was because “your Grandmother always did that and so I do too.” Of course they called Grandmother and heard a hearty laugh when they asked her “why do we always cut the ends off the roast of beef before cooking it?” After Grandmother got control of her laughter, she exclaimed, “I can’t believe you guys are doing that! The only reason I did that in the early years is because your Grandfather and I had only one roasting pan and it was too small for a roast big enough to feed us all.”

How many things are we doing in our businesses that are no longer necessary, no longer efficiently done or are downright damaging to our processes because “that’s the way we’ve always done it?” Do you have a practice of reviewing all of your processes from time-to-time to make sure that they are needed, effective and efficient?

Here’s something to consider in both your personal and business life. Implement a practice of annually or twice a year sitting down and thinking about what you will “Stop,” “Start,” and “Continue” doing from that point forward. Pay special attention to what you will stop doing. As employees, we often will fight this practice since we worry that if we don’t have to do something, then our employers won’t need us. Especially now, with the reduction in force that most companies have experienced, it is critical that we unburden the remaining employees by making it mandatory that they find tasks they can stop doing without jeopardizing customer service. As employees, we need to embrace the concept that we can add value by eliminating unnecessary or less than critical work.

Be ruthless in stopping less than critical work. Be stingy about what you decide to start doing. Make sure the new tasks are goal achieving, effective and integrated efficiently with the rest of the system. And celebrate what you decide to continue doing – that means (hopefully) that those tasks are critical to success, effective and efficient.

Is your culture one of team work and does everyone in your company agree? Have them take our Company Cultural Assessment. CLICK HERE to download your assessment.

Is  your hiring methodology designed to attract top talent and weed out those candidates that embellish? You can download our 8 Point Hiring Methodology Assessment Scorecard and find out. CLICK HERE to download.

About the author

Dave Kinnear is a sought after Business Advisor and Mentor. He works with highly successful executives through one-to-one mentoring and coaching meetings. Individuals who are presently running successful businesses and executives in transition work with Dave to ensure meeting corporate and/or career goals. Through his affiliation with Vistage International, Dave convenes and facilitates Advisory Boards comprising Business Owners, Company Presidents and Chief Executives dedicated to becoming better leaders who make better decisions and achieve better results.

When an “A” Candidate Isn’t an “A” Employee

Has this ever happened? You screened hundreds of resumes, conducted extensive interviews, and found what you believed from the resume and interviews, the candidate that is perfect for the job. Exactly what you are looking for, maybe even better. You have high expectations for this new hire.

Then they come on board and fall flat on their face. Within 3 – 6 months you are saying to  yourself, “You’re NOT the person I hired” (a great title for a book).

You step back and start asking  yourself, “What went wrong? How could this have happened?”

Here is what went wrong – just because a person was a great CFO, operations manager, sales manager or VP HR, doesn’t mean they are the right CFO, operations manager, sales manager or VP HR.  This is the main premise of our Success Factor Methodology hiring process.

Hiring managers too often assume that because a person excelled at their last company, they did all these great things, they told you they could do your job, that this means the person will excel in your company. We believe this is where the concept, “past performance is a good indicator of future performance,” falls short. First off, it is only an indicator, nothing more. An indicator is not the right criteria for a good hire. Secondly, it also depends on how qualified the person interpreting the indicator is at interpreting the indicator. It has been our experience that most hiring managers are not competently trained in hiring or interviewing to do this. The few that are generally do hiring so rarely that they need a refresher course before starting the hiring process again.

There is a better way.

The Success Factor Methodology overcomes the biggest hiring mistakes that cause the problem.

Start by properly defining the job. This is the number one biggest hiring mistake companies make. They don’t properly define the job, so the whole hiring process is in jeopardy from the beginning. Since the job isn’t properly defined, then exactly what is the hiring manager screening and interviewing on or for? Generally background, experiences and skills.

This makes sense because that is exactly what most job descriptions are, simply a list of candidate attributes. Not a job description,  but rather a candidate description. This leads directly back to the problem. Hiring managers assume that  if they have this background they are an “A” candidate, and they may well be an “A” candidate. However, since the job isn’t properly defined, the real question “Will they be an “A” employee?” isn’t known.  This is the only thing you care about.

To properly define the actual job, start by defining outcomes. Ask yourself, “A year from now what will this person have done/accomplished in order to be considered a great hire?” or “What defines success in this role?” This is how we came up with the name, Success Factor Methodology. We simply started asking our search clients the questions, “What are the factors you will use to define success in this role?”  Once we had 4 or 5 of these we combined them into a Success Factor Snapshot. Now the Success Factor Snapshot becomes the job description. After all, this really is the actual job.

Once this is done, then go out and find a person that can explain how they will use their background, experiences and skills to deliver this success.

When you find a person that can explain how they will use their background, experiences and skills to deliver the 4 or 5 Success Factors, you have found both an “A” candidate and an “A” employee.

You can download some examples of Success Factor Snapshots for free to help you by CLICKING HERE.

Our best selling book, You’re NOT The Person I Hired, with over 10,000 copies in circulation, describes how you can implement the Success Factor Methodology. CLICK HERE for more details.

Join our Linkedin Hire and Retain Top Talent group for more discussions and articles on this topic. It is free to join just CLICK HERE.

Non-Monetary Rewards and Recognition Part 1 Radio Show

There are seven non-monetary steps you can take to retain your best talent. Your best people may not leave today, but they may start looking if they don’t feel appreciated. Many managers never take the time to demonstrate how much they appreciate their team. Only a very small percentage regularly read books on leadership, take a workshop or seminar on developing people and then wonder why their best people just gave notice.
Part 1 Barry and I discuss 4 simple things all managers can start doing now that costs nothing but has a  huge impact on retention. Implement even one of these 4 and your best talent will stay with you not your competition.

CLICK HERE to download.

Are You Ready for Your Best Talent to Start Leaving?

What would you do if your top performing subordinate left tomorrow? Would the pain be unbearable?

Do they possess your entire customer history in their head?

Would key customers follow them to a new job?

How much would productivity decline?

Would others follow  – like a domino effect?

Can you afford the costs of replacing and developing a new person in this role?

You get the general idea- it would be disastrous if one of your top performing subordinates left? Let’s go one step further – What if multiple top performing subordinates left? Perhaps, Armageddon?

What is the likelihood this might happen in the next year?

There is a tremendous pent-up demand of employees to start actively trying to see if the grass is greener somewhere else. The demand has built up to the level of boiling-over due to very few jobs being available in the last 2 years. Many candidates have felt that they are lucky just to have a job. As the economy rebounds and the job market returns (which it will – although it’s difficult to predict whether that will be in 3 months, 6 months or a year), many candidates will have an opportunity to explore whether the grass is greener somewhere else – an opportunity that has not been available for 2-3 years.

Are you Retention Proofing your company?

Do you have a systematic plan for defining roles, challenging your best people, making sure they are learning and growing, structuring non-monetary rewards and recognition, tuning up your performance management process, and improving your culture?

If you’re not working on all these areas right now, the risk is starting to increase exponentially over losing key people in the coming job market rebound.

If you’d like to see if you’re prepared to keep your best people, request our RETENTION CHECK-UP. This is a 5-10 minute conversation with one of our partners to determine what retention best practices you should be implementing right now.

Barry Deutsch

Don’t forget to join our HIRE AND RETAIN TOP TALENT LinkedIn Discussion Group to participate in the discussion around retention proofing your company to keep your very best talent.