A new study out of Northwestern’s Kellog School of Management indicates that hiring managers are more likely to hire employees with whom they feel a common bond over a more qualified candidate with whom they share no common interests. The study was primarily focused on hiring managers in law firms, investment banks and consulting companies. According to the Forbes article that summarizes the study, 70% of law firm hiring managers valued personality compatibility above all else while the figure hovers around 60% in investment banks and 40% in consulting companies. The takeaway message for job-seekers: have a personality. If you’re into sailing or rugby or making miniature furniture, slap it in at the end of your resume. All of the data points to relatablity being a key factor and presenting yourself as both a good worker and a multifaceted person will definitely increase your chances of making a connection with a hiring manager. It’s true being defined one way or the other is a two edged sword, but it’s much better than presenting yourself as worker drone 1010100110001. To read the full Forbes article, click the link below.
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You have thirty minutes to gather all the information you need to make the perfect hire. You’re aware of the negative impact that a bad hire has on a company and you want to leave confident knowing you made the right decision. Where do you start? Our own John Younger offers up his top three interview questions that reveal everything about the candidate.
At Accolo, we’ve always thought ourselves to be on the right track to innovation within the RPO industry. Bringing you a better hire faster and for cheaper has always been the name of the game; but our eyes have are always on the horizon, towards the future of hiring. What I mean by this is that Accolo, buy virtue of our innovation, already delivers the hiring metrics that Recruiter.com says will be crucial to have in 2013.
So what are these metrics? I’ll break it down for you like this:
Hire Precision: This means that we provide you with an exhaustive list of which channels were used to get the best candidates for your needs. This correlates to the #1 metric of 2013 which is “Source of Hire”. With the sourcing information that we provide, you can see which method (referrals, social networks, Monster, etc.) is getting you the best results.
Hire Efficiency: Cost is always a big issue in business and an even bigger one in the uncertain years ahead. Metrics of cost (such as cost per hire) are going to be important in 2013 and are a feature that Accolo has provided its clients for some time.
Hire Technology: One of the greatest advantages of using Accolo is our emphasis on utilization of employee referrals. In many cases, the people that already work for you can be your biggest ally in getting empty positions filled quickly with quality hires. This key metric for 2013 is already offered through Accolo and is one of the fastest growing resources in the recruiting world.
Hire Performance: The next metric for next year is quality of hire. Making the best hire possible has always been our priority for our clients. The stats on how good of a fit we’ve provided for previous clients is available in our completed jobs database and our success rate puts us up there with large scale industry leaders.
Hire Intelligence: The last metric for 2013 is leveraging a “Talent Pipeline” or a large pool of quality candidates that can be picked up relatively quickly. Accolo is an innovator in Cloud Recruiting Technology which will give you access not only to our Hiring Knowledge Database, but also to one of the largest candidate pools out there. By utilizing a variety of strategies from traditional recruiting to job boards to social media, Accolo brings a torrent of applicants your way and refines the stream to only a handful of highly qualified individuals for your interviewing pleasure.
To read the full article about 2013 Hiring Metrics, click the link below.
In recent years, the issue of Health Care has been a serious hot tamale of an issue. As well intentioned as free services for everyone may be, there will be a bracket of people hit the hardest. According to this New York Times Article, the companies that will get hit the hardest will be ones that use lots of workers for lower wages such as restaurants and other service industry companies. Small business owners, such as Dairy Queen franchise owners, might take a hit hardest of all. In certain cases, employers will have to make up the difference to the tune of 6000 dollars per individual employee healthcare plan. This is all still in the works however (government gridlock and all) and the full effects of the modifications won’t be known until they go into full effect.
For some deliciously fluffy and cream filled Friday business happenings, today’s story is a sickly sweet update on the liquidation of the Hostess company. The manufacturer of such beloved and artery clogging confections as Snowballs, Ho Ho’s and (of course) The Twinkie filed for bankruptcy earlier this month. The company’s executives are looking to ride the wave of consumer nostalgia to a big cash payout. Preliminary discussions suggest that the pastry company’s executives are looking for bonuses in the neighborhood of 1.8 million dollars to ride out the liquidation process. According to a Huffington Post article, the unloading of Hostess’s brands is a time sensitive issue, the brand becoming less valuable the longer they remain off of the shelves of convenience stores and super markets. To get more details on potential buyers of this iconic company, click the link below.
LinkedIn is one of the most important social networking tools to emerge for businesses in the past few years. I’m sure that all of you (our readers) are familiar with the platform, especially because of the ways in which Accolo uses the site to find good candidates. Networking is clearly the strength of sites like LinkedIn and Facebook, but how then should one approach promoting their brand and company in this context? Today’s article from Australia’s Corporate Zest discusses the ways in which to promote your company’s interests to other LinkedIn users. Basically, the key is the cultivation of strong business to business relationships and business to bloggers/press through good old fashioned salesmanship. Think of it like the world’s largest cocktail party, the key is getting noticed and remembered, to build relationships with other users that will ultimately translate into real business relationships. Thus, being a spammy on these sites will get just as far as talking some poor stranger’s head off about your product and team. As this article says, the key is lasting relationships and the best tool for the job is LinkedIn. To see the 5 ways to best utilize your social network platforms, click the link below.
I bet a lot of you out there have had a Scarface type fantasy at least once in your life. The money, the power, the mansions, the tiger: everything you could want. Yep, besides the whole dying thing and the weird thing with his sister, the guy had it all. Miami has always had this air of extravagance around it, and it still hovers in lavish hotel lobbies and the private islands like coconuts hang from the palms. Today, the once floundering way-too-gigantic mansion market is picking up again in this swarthy city and the buyers are foreign, primarily from Russia and South America. The Russians love Miami for the weather (obviously beats the winter back home), the culture and the privacy. According to this CNBC article, these Russian millionaires are “paranoid” about security and find solace in the city’s abundance of gated communities and security services. Undoubtedly, moving mansions is a tough sell (20+million is a lot to drop on anything) and the fact that hundreds of millions of dollars worth of property has been sold this year by just the company featured in this article is comforting. The idea of a Tuscon-esque villa on a private island without an eccentric accented man in some manor of sweat suit is like PB with out the J. To learn more about Miami’s massive mansion market, click the link below.
Many advise applicants to steer clear of the “salary discussion” until their prospective employer has brought it up first. “Keep that stuff at an arm’s length or maybe several arms” they say, but they are woefully wrong. While the timid of this world have convinced you that the meek shall inherit the raise, hard social science begs to differ. According to this article from CNN Money, making jokes about desiring an exorbitant salary gives you an advantage in salary negotiations. In the study, a hypothetical applicant makes a joke about wanting a one million dollar salary and receives a higher initial salary than the vanilla job candidate across the board. The theory is that the employer’s fixation on this higher value will actually drive up the salary that they offer you. From what I’ve been reading lately, it seems as if standing out is gaining more and more importance in this crowded world of ours. The bottom line is that making a joke disarms the interviewer and brings things to a more personal level. Don’t get too chummy (NO DEAD BABY JOKES) but keep in mind that a cheerful disposition will set you apart from the morose candidate every time. To read the full article and see how to boost your starting salary, click the link below.
Wednesday: hump day. For today’s half way there addition of the Accolo blog, we have a lovely op ed from CNN Money from one Nina Easton. It addresses the employment gap that exists today in the US labor market. Right now, there are millions of specialized jobs that go unfilled due to a shortage of applicants with the right skill set for the job. In short, there are many whiling and few able to get the job done. EVERYONE FREAK OUT! Just kidding. As Easton’s piece suggests, the answer to this shortage of skilled workers lies in more worker training by businesses. The article elaborates on why companies should shell out the money for training much more inspiring fashion so i’ll just put the ol’ computer down and leave you to it.
As a soon-to-be college graduate, I encounter a broad and phenomenal anxiety in my peers whenever the conversations turns to what exactly is going to happen when we all eventually enter the real world. There is a sense of hopelessness among some, anger with others or a tired resignation that is both visible in demeanor and pronounced in speech. So what’s going on? What has young people crippled with this fear of failing to launch? Robert Goldfarb (author of today’s New York Times article) says that the pessimism is a result of a hiring gap that exists in the American job market. He interviewed both CEOs and students to ascertain what newly educated job seekers and captains of industry could agree on. Unfortunately not much as it turns out. Read on to see which skills the bosses are looking for in today’s economy and why a broad education is looked at differently now than 10 years ago.
Good news everyone! The United States trade deficit, our nation’s ever lingering bad dinner guest, has slimmed dramatically more than expected to a mere 41.5 Billion dollars. While it is unfortunate that this is the trade deficit and not the nastier one that starts with a 16 and ends with a trillion, it’s still good news. The main reason that I think this is cool is because the decrease is directly related to the US’s highest ever quarter for exports. It also has to do in large part with Americans buying American and relying less heavily on foreign goods. So what have we been selling? I definitely have got to give it up to the commercial aircraft, the farm equiptment and the heavy machinery producers. Most economists are wary of predicting any continued growth in this accelerated pattern, citing irregularities such as the jump in cost of soy beans due to the drought. Whatever the case, lets say USA USA for today and celebrate the shrinking trade deficit.