Wrong approach, predictable outcome

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It has been a while since something has bothered and perplexed me that much. Recently I have been involved in a lengthy recruiting process for an important and challenging role as a senior executive.

The role as such is a challenging and very interesting endeavor, it implies business restructuring, reorganization and a lot of work. So in one word the role is interesting but challenging and involves a lot of personal sacrifice.

The recruiting process

It started somewhere 8 months ago with an urgent request to meet because the project is kind of urgent and they want to have the person on-board asap. Been there had a nice pleasant discussion and left with the “we’ll get back to you asap”.

After ~ 6 months of still no feedback until suddenly, the project is urgent again. I went there again to have an interesting, nice meeting with one of the shareholders that seemed down-to-earth and straight to the point type of guy.

During this entire time the discussion was, we want to know you and to see how you can bring value to our business. Up to this point the discussion has been rather normal, they want to see if you fit their organization. Keep in mind we are talking about a TOP MANAGEMENT recruiting process. Their statement was we want the best possible executives for our business.

The do’s and the don’ts

When we’re talking about professional TOP MANAGEMENT recruiting you have to present and deliver the best possible business behavior, no lack of communication, no rescheduling, no being late during scheduled discussions, no nothing that can put you in a bad light.

The most important aspect is to communicate adequately with your potential candidates, the candidate does not have to ask you if the project is still alive and he is still a valid candidate in the selection process.

One more very important thing, please do not forget that the economy is not in it’s booming phase where recruiting is not an issue. The 21st century economy is transforming itself slightly into an gig-economy. Considering this please keep in mind the following:

  • good people are hard to find
  • good people are not cheap to get nor to employ
  • the salary is not the only discussion point, the total benefits package is
  • work-life balance is very important for top executives, especially for GenX executives (more details here )
source : https://www.thebalancecareers.com/common-characteristics-of-generation-x-professionals-2164682

The outcome

The recruiting process was heading towards its end with me agreeing to almost all conditions and requirements. Until this moment I was under the impression of a one-way discussion, with me not being really able to tell my demands and requirements.

I could reduce everything to one request , that could transform this process into and win-win and not into an win-loose. I requested some flexibility towards the entire process, that was strongly denied

My position was and still is that I don’t risk everything that I have today for something that might be and that I have no control whatsoever.

So after being shot down due to no flexibility from their side, my question is how urgent and how important is the recruiting process for this top executive role ?

It appears that even though we are in the 21st century physical workplace presence is more important than getting things done.

To wrap it up, the company has started a new lengthy recruiting process for the same TOP MANAGEMENT role, again very much time and resources wasted, formal is more important than getting things done.

To wrap this post up , this kind of an approach I have witnessed many times during my consulting missions.

Dear shareholders, equity funds, stakeholders

don’t just talk the talk, please do also walk the walk.

Research papers

The summary of my published research papers can be found at the links below: 

 

Research paper : Management Accounting as a Knowledge Based Organization Value Driver for the 21 st Century Business

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A published paper on management accounting and knowledge based organizations can be found here on ResearchGate.net

https://www.researchgate.net/publication/318792456_Management_Accounting_as_a_Knowledge_Based_Organization_Value_Driver_for_the_21_st_Century_Business

Abstract

The 21st century information and information technology revolution has made its mark on classical business functions like business support services. Management accounting, a still young business activity has transformed from reactive cost determination focus to proactive value creating and considerate resource business driver. Management accounting is on the way to asserting itself as a proactive business value driver for the modern 21st century business organizations. The present paper is presenting the arguments that support the transformation of management accounting from the “bean counter” score keeping role to value driver supported by knowledge, the prime commodity of the 21st century business environment. Management accounting is the business partner that delivers reliable and accurate data and information for the business decision process that is more and more influenced globalization, internationalization and accelerating and dynamic markets. Can modern companies afford to disregard the dormant value drivers from within their own business organization?

Research paper : Economic Value Added – A General Review of the Concept

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A published research paper on EVA

Full text can be found on ReseachGate.net here

https://www.researchgate.net/publication/318792542_Economic_Value_Added_-_A_General_Review_of_the_Concept

 

Abstract

Business organizations of the 21st century, a century driven by globalization, internationalization and speed, must compete on changing and evolving markets. One of the main goals of every business is to create value for its shareholders, value that is generated by the proper usage of existing resources. The notion that can be utilized to successfully illustrate the increase in economic value is the economic value added concept.. The Economic Value Added concept known also as EVA is an add on to value, value based management and economic value.. EVA is a method and a tool for quantification and measurement of the value created by a business organization

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