WiseTalk Summary on Disrupting Talent Management
On February 26, 2015, Sue Bethanis hosted Steve Cadigan, a Silicon Valley talent, people and culture expert, founder of Cadigan Talent Ventures LLC, a Silicon Valley-based talent strategies advisory firm, and former Vice President of Talent at LinkedIn. Steve helped us understand why traditional talent sourcing and hiring methods are in need of disruption, shared his vision on how disruption can benefit both prospective employees and employers, and shared innovative ideas for changing the way employers source talent.
Favorite Quote:
“If you want to win the war for recruiting, you have to change the game.”
Insights:
- The process of recruiting and building an organization is still in its infancy of what it can be and could be. The traditional model is “I have a need”, put a job description together, hire a recruiter, and the recruiter hunts for talent. Steve thinks the reason this model perpetuates is due to priority and ownership. He believes talent drives value creation but rarely sees the right investment of priority, attention and time from executive teams. It’s the last thing on their agenda, the people systems are an afterthought bolted onto an ERP solution, and boards of directors rarely have people serving on them who have a strong understanding of the powerhouse muscle of talent. He believes ownership of talent belongs with the whole company, not just human resources, especially in Silicon Valley, where the biggest thing a company needs to be great at is building a great team. It should be a core responsibility and the biggest muscle being working on.
- Steve believes the employee-employer relationship is changing, and power is shifting to employee, particularly in Silicon Valley. Potential employees have more information available to them, more choice, and can decide where they want to go to. He argues that an employer brand in a company that’s growing is almost as important if not more important than your product brand. Consumers want to buy from someone who treats their employees well and is providing a good work environment. Brand can’t be spun anymore. It’s the collective voice of Glassdoor, Twitter, Pinterest, LinkedIn, bloggers, all of which is the manifestation of the voice of your employees.
- In an increasingly transparent world, instead of investing in a huge recruiting team, Steve argues the better investment is to try to make your organization the desired destination for the best people in the world. This is different from needing a few hours to source and interview every week. This is about what kind of environment, culture, organizational structure, communication plan, relationships, how the workspace is designed, etc., which contribute to a differentiator in answering the question, why does someone want to come work here? Steve believes if companies do that well, and they know what kind of person they’re looking for, they’ll create a magnetic pull for talent. Hunting for talent in the traditional sense won’t allow a company to scale fast enough.
What we found most interesting:
Inherently, Steve thinks recruiting is broken because, as has been proven time and again, the traditional hiring process is not the best indicator of job performance. The best hires he’s made were those hired through internships, where the candidate is interviewing the company and the company is interviewing the candidate.
To learn more about Steve’s experience, and hear some of the innovative ideas for recruiting, hiring and building company culture, listen to the recording here.
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