MBA Degree online,MBA,PROJECTS,BMS NOTES,BMS PROJECTS, MBA PROJECTS, MBA NOTES, MANAGEMENT FORUM, MBA HELPLINE,FYBMS,SYBMS,TYBMS, MANAGEMENTPARADISE.COM
Invite Your Friends
Award

Go Back   ManagementParadise.com : Your Gateway to Online MBA Degree . Management Students Forum for MBA,BMS, MMS, BMM, BBA, students and aspirants. > Mirror View - Ebooks Links & Miscellenous Reading Material > Articles !!
Articles !! ( Interesting Articles and other reading material you find interesting and want to share with the world)


Article: The Importance of the Personal Touch

This is a discussion on Article: The Importance of the Personal Touch within the Articles !! forums, part of the Mirror View - Ebooks Links & Miscellenous Reading Material category; The Importance of the Personal Touch by Christian Anklin | HVS International Making a candidate feel truly wanted at the ...

Reply
 
LinkBack Thread Tools Display Modes
Sponsored Links
Article: The Importance of the Personal Touch
Old
  (#1 (permalink))
nick18_in
MP future GURU
nick18_in is a name known to allnick18_in is a name known to allnick18_in is a name known to allnick18_in is a name known to allnick18_in is a name known to allnick18_in is a name known to all
 
nick18_in's Avatar
Institute: University of Mumbai
 
Status: Offline
Posts: 1,246
Management Paradise Rupees.: 6,780
Join Date: Jun 2005
Location: Mumbai
Article: The Importance of the Personal Touch - July 19th, 2008

The Importance of the Personal Touch
by Christian Anklin | HVS International

Making a candidate feel truly wanted at the offer stage by personalizing the process.

There is nothing more frustrating for a hiring company than spending several weeks and often months sourcing possible candidates, conducting in-depth interviews, administering rigorous assessments, and negotiating an offer only to lose the preferred candidate at the last minute due to some sort of mishap. In addition to the emotional frustration, this can set the search back several weeks. We have even seen companies change their entire business strategy and steer away from certain ventures because they have become so attached to their ideal candidate and cannot really see anyone else in that position.

There are several reasons for candidates to change their minds at the last minute in the recruitment process. Below are some of the most common ones:

a) Pressure from the family;
b) Counteroffer by the current employer;
c) Third Party Offers;
d) Lingering doubts;
e) Loss of momentum due to bureaucracy
f) Waiting for offer/contract
g) Mistakes in offer/contract

Pressure from the family
The hiring company may at times forget that they are often negotiating with more than one person. Families and relationships tend to be a significant component of many candidates' private lives and, as such, their partners and children have a big say in any major lifestyle-changing decisions. Thus it is important for the hiring party to ascertain whether there are any such concerns and attend to them accordingly.

For any hire that involves a geographical relocation, it makes tremendous sense to invite the candidate to the country/city together with his/her family for at least the weekend. This allows them to familiarize themselves with their future surroundings, get acquainted with the living and schooling choices, and generally to make the move more tangible and thereby less threatening. As common sense as this would appear to be, a good number of companies shy away from spending the necessary amount of money on someone who is not even on the payroll yet. They need to understand, however, that this outlay pales in comparison to the cost of restarting the hiring process should things fall through.

Counter Offer
The counteroffer will always be a tricky situation to handle. The hiring company needs to be sufficiently prepared for this eventuality. At a senior level, the more progressive companies will recognize that it is far easier to increase an existing employee's pay than it is to replace that person. This is where the finesse of an experienced headhunter comes into play, judging the right amount for an initial offer which still leaves enough room to match the often inevitable counteroffer.

However, the attraction of any new position must be much more than simple monetary value. Responsibility, recognition, empowerment and the opportunity for career growth can outweigh the allure of a bigger salary package. Furthermore, we often forget the emotional aspect. It is important for the future superior to stay in constant contact with the ideal candidate throughout the hiring process and especially towards the end game. Introducing the candidate to as many team members as possible will also go a long way in making him/her feel welcome, wanted and needed. These emotional ties may help in convincing a wavering and counter-offered candidate to make that leap.

Third Party Offers
Star players will always be in high demand, and in a competitive market for talent it is likely that your candidate may be approached by other parties during the selection, assessment and hiring process. The key is to have an open and transparent conversation with the individual so that they can make the hiring parties aware of any time pressure resulting from third party offers. If there is a real danger of losing a preferred candidate to a competitor, every effort must be made to fast track the process. In this case, it is extremely important for the superior to get involved directly and signal the need for immediate action and approval within his organization and especially to the Human Resources department. At times, we have found the HR department to be so far removed from the active headhunting assignment that they fail to recognize the urgency to get salary packages approved or offers sent out.

Lingering Doubts
The candidate may have justified or unjustified preconceptions about a hiring company, causing a sense of lingering doubt that will be greatly exacerbated by any mishaps or delays. No matter how much their potential superior professes their commitment to hiring and valuing the candidate, waiting three weeks for this physical offer letter to arrive in the post will put that commitment in doubt and shed a bad light on the organization as a whole. These types of delays will also cause a general loss of momentum. The excitement of accepting a new position can be severely worn down by an extended waiting game and quickly turn into frustration. This will be further compounded by any mistakes in the offer letter. Imagine waiting patiently for your offer letter only to find that they have misspelled your name. What if the fiercely negotiated terms of your salary package are not reflected in the final contract?

Communication between all parties is the key to avoiding such fiascos. This entails both the communication between the hiring department and their HR department, as well as with the candidate. To begin with, the HR department needs to be fully appraised of all the agreed terms. As a further safeguard, both the client and the headhunter should proof read the offer before it is send out to the candidate.

The Personal Touch
The most important element to ensuring that everything runs smoothly at offer stage is constant communication between the client and the candidate. I cannot overemphasize the importance of the follow up call. This not only keeps the momentum going; it reassures the candidate while s/he is waiting for the formalities to be handled. If you know that there will be a delay, keep things going by setting up meetings with further team members. Feel free to send the candidate an email with some additional information about the company or maybe a recent press release. The smallest things will ensure that the opportunity is kept alive in the candidate's mind, and this will go a long way in securing that important hire. No matter how rational the candidate may be, human beings are steered by emotions. As any good hotelier should know, it's that personal touch that really counts.

[About the Author: Christian Anklin is a Senior Associate at HVS Executive Search in London, the leading executive search firm specializing in the hospitality industry. A graduate of Lausanne Hotel School (EHL), Christian has authored several articles on a range of hospitality recruitment and compensation issues. Christian is President of the Great Britain Chapter of the Alumni of Lausanne Hotel School (AEHL).]
Advertisement


Best Regards,
Nikhil Gadodia
Consultant -->
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.

Consultant -->
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.

My Blogs
HR Related :
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.

Mixture :
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
  Send a message via Yahoo to nick18_in Send a message via MSN to nick18_in Send a message via Skype™ to nick18_in 
Friends: (1)
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply

Tags
article

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

» Announcements
» MBA Events
Great Lakes to organize...
Last post by chintan_1985
2 Hours Ago 10:17 PM
ITM Management...
Last post by alpanagupta22
1 Day Ago 04:55 PM
» Stats
Members: 79,752
Threads: 59,765
Posts: 158,385
Top Poster: MP-ROBOT (10,225)
Welcome to our newest member, thegeekmom
Powered by vBadvanced CMPS v3.0.0


Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.2.0
vBulletin Skin developed by: vBStyles.com
vBCredits v1.4 Copyright ©2007 - 2008, PixelFX Studios
ManagementParadise is not responsible for the views and opinion of the posters. The posters and only posters shall be liable for any copyright infringement.


1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323