Hiring in an era where everything is digital

Hiring in an era where everything is digital

My #Soapbox: Finding Talent Today

Invest in talentTechnology has made many things about our lives better. As a geeky, technology evangelizing, digital dude, I would say technology has made MOST things better. We have quicker communication (sometimes I wish this was not the case). Some work processes are more effective (sadly not all). We can keep costs down in businesses. Scale happens faster. Connections with clients are richer. Analytics more powerful in decision making. And technology has touched essentially every industry. Customer demand shifts, competition from just about everywhere, and an increasingly challenging operational and regulatory environment mean that every company, from the most “manual” to the most high tech are all in essence technology companies. Every business is a technology business now

One issue, though: technology doesn’t seem to have made recruiting that much better. And, unfortunately, in many companies talent acquisition does not seem to have caught up with the skills that modern businesses need. CIOs out there: How many of your wish lists from your teams still include lots of “old skills”?

Many companies still hire a lot off of competence metrics. Just peruse a list of openings on LinkedIn and dozens of them still list long bullets that would have been on job descriptions 10 years ago: where you went to school, what you studied, years of experience, how much you know about x or y. Makes perfect sense and may not change anytime soon for a lot of our roles. But competence is becoming overrated as a hiring driving force. We live in a VUCA business environment — volatile, uncertain, complex, ambiguous — and technology has allowed executives to open up revenue streams they never thought possible. Priorities and objectives can switch on a dime in some companies. We don’t necessarily need the most competent financial guy in history; we need a financial guy who can switch between different approaches as it’s called for.

In short: less bullet points, more real people with curiosity and skills. What skills? I have a short list and welcome your ideas.

Skills for the Digital Era

1. Analytics: All businesses are running on data now, or trying to. Unfortunately, the talent for understanding, analyzing, and presenting data hasn’t kept up with the need for data-driven decision-making in businesses. This is hitting CEOs hard: as CIO Magazine noted, over 60 percent want to do more with data, but don’t have the right people on board. It’s 2017. Every hiring process needs to have a data analysis component somewhere. Hiring the right one can be tough.

2. Accept inevitability of artificial intelligence: It will probably take your job, or a part of your job, someday. But for now we are taking the last major Industrial Revolution and going through another one, but the new one is compressed into the life span of a dog. You can’t hire people right now who have their heads in the sand about this. Maybe they don’t know how to code robots. That is fine. But they need to know this is coming and need to understand what it will mean for business models.

3. Be at least decent presenting: It’s shifting a bit with a more remote workforce, but we still get ideas/pitches across via presentations. Many people are terrible at presentations but techies tend to be even worse than normal. Not every job needs effective presentation skills, but we should be evaluating candidates based on how well they can get across an idea. If you can’t get across a simple idea or advance a concept, what value will you ultimately be to a business? Especially when, again, every business is a tech business.

4. Understand mobile and targeting: You might think this is just for marketing roles. It’s not. The greatest promise of mobile is that you can find specific consumers literally in the palm of their hand. 2017 job candidates should understand the scale/scope of mobile, how mobile works as a targeting device, and what the hiring company’s business model could/should do with mobile. They may not drive the strategy on it, no, but if they don’t understand it, they’re going to enter the role a few steps behind. And this is not limited to consumer businesses.

5. Demonstrate intellectual curiosity: I am amazed at how many people recruiting for roles today are concerned about “job hoppers” and, perhaps related, how many companies do not encourage continuous movement within a company. IBM, despite recent financial challenges, has created a culture that encourages and almost requires regular movement. For those of you who exercise, you know that half the battle is about continuously “surprising” your muscles, switching it up so your body never gets complacent. Your brain is the same and if a company does not commit to providing you opportunities to stretch and grow it, you will get bored. So shouldn’t every interview include questions that probe intellectual curiosity? In an era where 90% of the world’s data was created in the last two years, I want people that are fascinated by change, not just accepting of it. I blogged a while ago about Hiring for Character and Values. And one of the main targets was the curious.

Let me know what you think. What do you view as key to hiring in this digital era? How do you build the best teams around different types of team members?

Be well. Lead On.
Adam

Adam Stanley - Connections blog - Thinking like a disruptor


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Make friends before you need them 

Make friends before you need them 

“Too often, companies fail to cultivate relationships with key decision-makers until a crisis hits, at which point it’s too late. Know the cell phone numbers of such people so that you can call them on Sunday night in real time, not after the fact on Monday morning.” 

— Jaap de Hoop Scheffer, Former Secretary-General, NATO

Make friends before you need them

I guess this is the easiest way I can say this: you either want a life connection or you don’t.

I wouldn’t say that I’m a “networker” per se, although some people observing me might think I am. Rather, I like to forge long-term connections with people around shared interests — and only some of the time is that standard business. Much more of the time, it’s food, wine, theater, technology, or other passions. Hopefully, you have read my blog on this topic: Aim for life connections instead of networking.

The thing that bothers me in any discussion about relationship-building or standard networking is that often, the lesson seems to be that you connect with people when you need them. I disagree. I don’t want to be called when you need me if you had no interest before that. You either want the life connection or you don’t. It’s not contextual to “I need something now.”

The executive recruiter who placed me in my current role is the same recruiter who placed me in my role at Aon several years ago. He periodically checked in on me and had set a recurring event on his calendar marking the anniversary of my Aon start date. Just over three years ago, he reached out to me on this anniversary and we arranged a breakfast. That breakfast led to the introduction to, and unlikely connection with, my current company. It came as a result of a life connection – a relationship – not because I was looking for a role.

I have other recruiters in my “network” who call and email aggressively when they are trying to fill a role, yet never reach out in between. And how many emails do I get from people who worked for me years ago saying something like “Hi, I know it has been years since we have spoken but I am now looking for a job. Can you help?”

Or how about those family members or friends who don’t reach out to you for years, then one day, ask for money or favors? It happens far too often. Thus, my rant.

Make friends before you need them.

People want to feel needed and loved all the time, and not simply when you want their help or need something. And by “people,” I would definitely include myself.

But how do you do this? Here are a few tips.

Always use social media cheats.

Facebook and LinkedIn remind you of special occasions and make it very easy to say happy birthday or congrats to peeps in your circle. Use them. This is a great, quick way to say hello and it keeps your name fresh in their minds. Use the “you might know” feature too. Every social platform has a variation of this. It turns out that your high school football teammate married someone who works at a company you admire. Reach out immediately. Don’t wait until you decide to pursue a job at that company. By that point, it’s too late.

Buy stamps and custom note cards and use them.

I bought each of my nieces and my nephew 36 thank you notes and urged them to use them throughout the year. That is less than one personal note each week but likely about 34 more than they sent last year. Email is easy and crowded. Online billing and electronic advertising have resulted in snail mail being predominantly political crap and charities. Take advantage of the gap and send a personal card. The average white collar professional gets 120+ emails per day; often it feels like more than that. Email gets lost. A card will not and will ultimately mean more than a few email lines or something on Facebook.

Pick up the phone instead of flipping your middle finger.

Commuting is not fun. More than half of Americans spend at least 40 minutes in their round-trip commute. Nobel laureate Daniel Kahneman and his team found that people find as much happiness in commuting as they do in housework. That pretty much means that the commute stinks.

Do you have to drive everyday and often get stuck in traffic? Use that time for calls NOT related to work. Talking work AND dealing with stress, unless you REALLY like your job, will increase likelihood of road rage. Call someone funny that you haven’t heard from in years. Call the woman you heard started an amazing company this year. Call your allegedly best friend you have likely only touched via texts for at least a week. If you are on a train for your commute, commit to handwriting a note or sending an email to someone with whom you have not connected in 6 months.

Say yes more.

Saying yes to more opportunities opens up a world of new life connections, allowing you to expand your world beyond the immediate circle. While sometimes this may mean going beyond that with which you are normally comfortable, it will open you up to more people who you may be able to help and who may be able to help you. Plus, it helps you live a more optimal life.

Go to those reunions. Accept random coffee requests. Return the call of those headhunters and agree to exploratory interviews. Think about how many work events you go to because you feel you have to. Make at least a similar amount of time available for yoga, small venue concerts, and that pottery class you considered twenty years ago. Actually talk to the parents waiting with you when you pick up your kids from school or attend the soccer match.

Taking a risk and doing something different can be both liberating and empowering. If you normally hesitate when asked, for example, to volunteer for something, saying yes might lead to rewarding personal and professional results today and later on when you need help.

Maintain an events and occasions calendar.

This can be especially relevant if you change jobs frequently. Use Google or a private email server for this given birthdays are for life. Record special dates of coworkers, former coworkers or cool people you meet. Don’t be creepy, but sending a note that says “Hey. Just realized the annual blah Blah blah event is coming up. It was such a pleasure sitting at the table with you and Sally last year I thought I would reach out to see if you were attending this year. Want to join me again?” Simple and not creepy.

Call someone today.

When a job comes up or there’s a chance to start a new company or any other opportunity is “public,” it’s already too late. The core people are already known and in the system contextually. When you need help, or are in the midst of a crisis, it is so much harder to find help in the moment. If you want to be one of those core people for any opportunity, or to be able to connect with help in a crisis, you absolutely need to make friends before you need them.

Be well. Lead On.
Adam

Adam Stanley - Connections blog - Thinking like a disruptor


Adam L. Stanley Connections Blog

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Change while times are good

Aim for life connections instead of networking

Change while times are good

Change while times are good

I’ve fallen and I can’t get up

Many of my American readers will have seen the commercial with an older woman who has fallen in the bathroom and needs help. “I’ve fallen, and I can’t get up,” she calls out. Luckily, she has Life Alert, a device that allows customers to, in the event of an emergency, simply press a button on a small pendant and call for help. The commercial’s premise is that because this woman had thought about her weaknesses BEFORE she had the fall, she was able to be rescued and live to tell her story.

When do most businesses try to change, or shift something up? (A new revenue stream, new reporting structures, reduction in headcount, etc.) Usually — not always, but definitely the majority of the time — change management efforts come when the company is doing poorly. When things have fallen and they can’t get up! This is logical. Usually change is a reaction to less-than-expected performance, or the belief that the company needs to be shaken up to get back on track.

I came across this thought from Trevor Edwards, the President of NIKE Brand, recently. It speaks to the same idea:

“Most change is driven by poor performance, but rather than waiting for a crisis — consider disrupting the status quo when the numbers are strong. Trying to revamp your business in a crisis can lead to bad decisions. Your thought process will be clearer when things are going well.”

I couldn’t agree more. I also think it applies to both personal and professional life.

Making changes in your personal life

Personally, a lot of people try to make changes when they feel they are at rock bottom. They’ve lost a job, a relationship has ended, a family member or friend dies suddenly, and emotions send them grasping for change. But when you make a change at that point, you’re entirely reacting to the most recent negative event. If you got fired for a specific performance issue, you may over-focus on correcting that performance issue as you look for new jobs. But you may have been great at that aspect of a job; the evaluation may have been subjective, or you may have really been terminated to help the company meet a growth target. Likewise, running away from a job, or any other relationship, because things are bad can lead to a disastrous “boomerang” effect. You may hate the new [fill in the blank] more than the former.

Negativity reduces context. That’s a good reason to consider personal improvements when you’re already feeling good about life. It will give you more perspective.

Applying this to companies

Change in good timesOn the professional front, I use the term “tour of duty” a lot. It’s a different way of thinking about the standard employment contract. Basically, you are bringing people in for specific jobs. They do those jobs and they either roll off or they transition onto another team/project. Josh Bersin, a people development thought leader, calls this a “team of teams” approach. You see it commonly in the military and in the consulting industry, and it’s becoming more commonplace elsewhere.

It makes sense because oftentimes, job roles are very unclear. They’re clear at first — the hiring was a response to an immediate need of a hiring manager — but after that need becomes less of a priority, the person hired is still on the books. Sometimes, they can become a 8-to-10-year employee and not have a clear role for much of that time. This limits flexibility of the organization. You can’t do strategic pivots, and you can’t do effective change management, if you have a lot of people locked into intractable, potentially unnecessary roles.

The elephant in the room here is terminations. When we talk about companies changing in the bad times instead of the good times, usually the main way that happens is terminations. These happen for a variety of reasons: companies trying to clear money to prove growth, trying to deal with a performance issue that’s been lingering, or a host of other financial reasons.

Regardless of why the company is embarking on terminations, it’s almost always a bad play. Research has shown layoffs don’t have short or long-term benefits. They’re simply just a reaction to a bad revenue cycle.

If you consider the approach of “change while times are good” and you structure your hiring more as “tour of duty,” I think a lot of these issues can be alleviated. Sadly, the nature of most companies these days isn’t to reward employee longevity. So from an employee side, loyalty has been declining for years as people think they may be better off thinking as independent contractors moving from one project to the next.

Consider the example of Jason Fried, the CEO of Basecamp. They were doing super well in 2014, onboarding 100s of new clients every day. He still decided to radically shift the company and its reporting structures, saying at the time:

“Change is great – as long as it’s not forced change. Forced change is often resented change. When you’re forced to change because things aren’t going well, you’re often rushed and unhappy. When you decide to change when things are going great, you can do it on your own schedule and your own way. That’s what we decided to do – we decided to make this change right now while business has never been better.”

Amen, sir.

Change in good timesTop 3 reasons to change while times are good

Busy executives, especially those who are driving innovation in the digital economy, will continue to struggle with organizational change in the midst of transformation change. BUt the fact is, they are completely interdependent. You cannot lead a major business transformation without a people transformation and vice versa.  So, constantly looking at your organization and looking for ways to restructure, rethink, reduce, and redeploy will make you more successful.

In short, there are three major benefits to changing while times are good:

  • Priority of focus: The changes occur on your time/schedule, as opposed to a rushed process to meet certain accounting goals.
  • Sensitive to employees: Changing in boom periods allows for thoughtful change that’s ultimately considerate of individual impact.
  • Smarter: When you change in a good cycle, the decisions will be better and rooted in a clearer thought process.

I know this isn’t always possible, and sometimes in the good periods you just want to ride the train of revenue growth and not think about what can be changed, but I hope the above is a compelling context for why your best quarters are exactly the time to shake things up.

Be well. Lead On.
Adam

Adam Stanley - Connections blog - Thinking like a disruptor

Adam L. Stanley Connections Blog

Technology. Leadership. Food. Life.

AdamLStanley.com

Follow me on Twitter | Connect with me on Linked In |

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Big Data is Big Miss

Information-based analytics trump Big Data

Big data along with its cousin the cloudI don’t use the term “big data,” which long ago became an overused buzzword anyway along with its cousin “The Cloud”. It’s not that I dont think data is important. Its just that Big Data by itself is like a basket of whole wheat flour without eggs, butter and milk. Just like you can’t eat just the flour, you can’t consume Big Data. You need a recipe to take the raw ingredients and a means to transform it into something yummy.

Recently, the Altus Group CRE Innovation Report showed that 89% of the firms surveyed faced major impediments to collecting and utilizing data to drive improved asset and investment management decision-making. This is in line with previous research that big data may actually be slowing down decision-making, as opposed to making it more effective.

The No. 1 goal of any CIO right now shouldn’t be achieving some big data-tied deliverable. It shouldn’t be implementing a massive data warehouse or finding a big data platform that can gather millions of information points for future analyses. Rather, it is about being smarter. One of my mentors, another executive at Cushman & Wakefield, says that an organization is often like a large brain using about 10% of its capacity. Harnessing the power of the rest should be the goal of any analytics program. So much of the information you really need for effective decision-making lies in the heads of thousands of professionals in dozens of different offices (or homes … or coffee shops … or cars) all over the globe.

The primary goal of a CIO, then, is finding ways for those professionals to come together, share the information they have, and solve complex problems. That may well involve a platform approach, but it’s not necessarily a big data platform.

I prefer to start with the questions, as most good strategy does. In our business, it all begins with: What are some of the models we might be able to build that help our clients more effectively manage their real estate assets? Once we have the right questions defined, we build the data models and refine existing — or create new — data collection mechanisms. In this way, instead of “big data” we can focus on “information-based analytics” that more immediately drive value in decision-making.

Silos are a large part of the problem

The Altus report found a lack of integrated data approaches. 80% of firms surveyed said their business could eliminate or reduce data silos through better integration and standardization. Four out of every 5 people complaining about silos, especially in an era where firms compete largely on data, is a very telling number. But it is also a sad reality. Many organizations are formed from a series of acquisitions. Over time, legacy systems build up and a patchwork quilt of interfaces is developed to keep them humming in unison.

But these patchwork quilts do not have to constrain or define your analytics strategy and practices. Instead, I try to think like a startup. Startups often gain that disruptive edge because their decision-making is better and faster, and they can move to market (and refine once there) quicker than an enterprise, legacy company. In the course of this happening, startups are often building their own analytic systems — as opposed to relying on third-party vendors. Why can’t this happen in legacy companies? The reason you hear most is “process”. And that is in fact a major problem. Sometimes we let process overwhelm actual notions of productivity, which is a bad play for all involved. Process should only exist to better business performance, not to hinder it or run your people in circles.

Data integration and standardization is obviously a challenge for firms, but the bigger challenge is a concept we don’t discuss as much: data model and taxonomy standardization. If one business unit thinks in terms of cost per square utilized foot and another one thinks cost per square gross foot but both simply refer to their data as cost per square foot, the analysis will be off because the data is off. Disparate systems with a common data taxonomy can get you pretty far. On the other hand, one global system with multiple data taxonomies can lead to bad analysis. You may have won the battle but you will lose the war.

Big data along with its cousin the cloudThis may sound corny, but it’s totally true: data is power, but only if used for good. Stephen Dubner, famous from Freakonomics, has been discussing this idea for years. We have a tendency in business towards more, more, more, but in this case it doesn’t work. That’s another reason I don’t like the term big data. Just collecting data essentially for the sake of having it, with no end goal in mind around improved decisions or processes, is complete folly.

The challenge for our industry is this: how do we take the lessons of the investment shops, insurance brokerages, and even the residential real estate business and translate it into what we do, while at the same time not losing the connection with tremendous local leaders?

I think we’ll continue to see more approaches around data — look at a model like Zillow and the amount of data they crunch — but my hope is that this idea of “big data” fades into buzzword obscurity and we focus on the right things at the CIO level. We should be connecting stakeholders and moving towards information-based analytics.

Be well. Lead On.
Adam

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Adam Stanley - Connections blog - Thinking like a disruptor

Adam L. Stanley Connections Blog
Technology. Leadership. Food. Life.

AdamLStanley.com

Follow me on Twitter | Connect with me on Linked In | “Like” me on Facebook

Peer accountability is critical to success in teams

I started to make this blog post one of my #SoapBox rants. It is in fact a topic about which I am passionate. Largely because I have seen really bad behaviors and would love to do my part to get rid of them. I’ve blogged about Trust, Empowerment, and Accountability, but never really dug deep into accountability. While I think many organizations are starting to do a really good job at defining expectations and holding people accountable, it is still too often the manager that is calling the tasks and managing the tough conversations. A few people have really argued that peers can play as active a role in this and they should. And I agree.  So this post is about holding  each other accountable, across silos and organizational hierarchies.

————————–

There is a dirty little secret in many organizations that teams oftentimes don’t want to collaborate, driven perhaps by the idea that while we do a lot of our work in teams, we still promote individuals. If you follow the two-pizza rule and assume most teams are 8-10 members dispatched to work on a business need, in a given fiscal year probably 1-2 of those people (at most) will get advanced. If you’re in the 7-9 who don’t get advanced and that keeps happening, you might eventually become a bit disgruntled about the idea of constant team-building.

accountability - adam stanley

Here’s the other problem with teams besides the motivation aspect: how they’re run. Oftentimes, teams are very driven by process — which is a good thing, as it sets rules and expectations for how the work will get done — but there’s a large concern over who owns the process, i.e. the team lead. This is also good in one respect (accountability), but bad in another — and ironically, it’s also accountability.

I saw this recently in an organization. One of the leaders designed a portfolio dashboard for project management in his group. It was pretty awesome — there was easy-to-access, intuitive information about timelines, budgets, due dates, and roles. Here was the problem: the tool was created by someone not responsible for creating that tool based on the operating model and org structure (it should have been the PMO). Because the team wasn’t getting what they wanted from the PMO, they did an end-run and created a better solution. Of course, this type of action can lead to a decent amount of politics and finger-pointing over responsibility, as opposed to a focus on being the most productive we could be.

Sadly in many cases, the way we structure teams is typically representative of the way we structure whole organizations. Hierarchy defines decision-making authority in the most formal sense. Since hierarchy may never die — despite what we’ve been told about millennials — we should, in a way, get used to this.

Think for a second about how ineffective this can be. You’ve probably seen this cycle a dozen or more times in different jobs you’ve had, but here it goes: an employee escalates an issue to a team manager, who then must go and talk to a peer manager. The peer manager has to go talk to the employee, who presents his/her perspective to the peer manager — who now has to go back to the team manager and explain the perspective. The team manager can now go to the employee. It’s like a massive version of reply all chain threads, but in real life and not in your inbox. It kills time and saps productivity, and yet, that’s typically how we deal with team management and issue escalation.

Escalations and circles of perceived accountability should be the exception and not the rule. I think of my work this way: 95% of real change comes from the direct reports of my direct reports. They do the actual work. I should be focusing on strategy and growth. If I’m spending all my time quashing escalations, we’re all in a free fall.

There’s a potentially better way to run teams, though: universal accountability.

The basic principle is simple, but very hard to execute: anyone on a team can hold anyone else accountable if it’s in the best interest of the team. And yes, that means you can cross hierarchical lines and call out someone that outranks you.

man-with-business-teamIn a post on the Harvard Business Review blog, “The Best Teams Hold Themselves Accountable”, Joseph Grenny summarized a theory based around this series of logic:

  • In the weakest teams, there is absolutely no accountability: You’ve probably seen this a few times wherever you work, or in previous jobs.
  • In mediocre, middle-of-the-road teams, the boss/team lead is the source of accountability: This team might get a few things done, which is good, but there’s a tendency towards HIPPO Management (highest paid person’s opinion) and other flaws of ideation.
  • In high-performing teams, peers manage each other: This is hard to arrive at because of how people tend to contextualize bosses and hierarchy, but actually drives the best results.

How can you apply this to your team?

  1. Focus on team composition a lot more

You need to think a little more thoroughly about team composition. Oftentimes teams are thrown together based on a few silos that have ownership of a product or service or project. There can often not be much thought given to who’s involved and what role they’d play. As a result, you have a random smattering of individuals and a team lead. That team could come together and achieve some great business results, but I wouldn’t necessarily throw $20 on that happening in Vegas. It’s more likely that role confusion will lead to overlapping responsibilities, which will lead to team members chasing their tails, and ultimately the team lead will be on the hook for the flaws.

2. Hire the curious as much as (or more than) you hire the smart

Universal accountability will tend to work better on teams with a high degree of self-awareness and curiosity, as those teams are more willing to embrace changes to conventional team management models. Cass Sunstein, a professor at Harvard Law, has written and spoken extensively about what makes teams smart or dumb — and while he embraces universal accountability, he admits the bigger driving force of a successful team is ‘C-Factor,’ or the ability to embrace new ideas while working together.  Hire people that are comfortable with change and ambiguity as long as they are learning. Hire the curious.

3. Reward problem solving without escalation

Perhaps as importantly, publicly scorn premature or unnecessary escalations. When I was a kid, my parents often told me “everyone hates a tattletale”. Of course, they did not mean to say I should never tell them if something awful happened to me. They simply wanted me to learn to self-heal and self-resolve conflicts as much as possible. Little did I know then they were teaching me a life lesson. The more you can solve problems direct with the source, the more effective you will be. Celebrate the problem solvers.

4. Model the behavior

You likely have issues with your peers as well, and your frustration is very visible to your teams. Show them you hold your peers accountable and they are more likely to model this behavior with their peers.

In an average day, you will only have so many productive hours outside of meetings and required client events, so you need to make the most of them. Every hour spent dealing with someone else’s drama or problems is an hour you could be driving value.  Try to build a culture of universal accountability and see how much more you can get done.

Ever been on a team where Universal accountability was the norm?  Could it work in YOUR organization? As always, I would love to hear your thoughts.

Be well. Lead On.
Adam

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Investing in talent for the long-term

Adam Stanley

 

Adam L. Stanley Connections Blog

Technology. Leadership. Food. Life.

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