Friday, May 29, 2015

Resume Design - A Headhunter's Perspective

Resume Design – A Headhunter's Perspective

Forbes Rutherford is President of Rutherford International (www.rutherfordinternational.com), his team has provided specialized HR consulting and executive search services to both national and international property and investment firms for the past twenty five years. He also oversees the management of NEXTalent Inc., (www.nextalentinc.com) a job marketing and recruitment agency that provides clients with a cost effective recruitment process outsourcing (RPO) solution for acquiring talent.

Through his NEXTpath Inc. division, Mr. Rutherford sponsors behavioral research to determine the key success traits common to high performers within the global real estate and investment communities. Through the establishment of these functional benchmarks, Mr. Rutherford has access to a broad cross section of active senior executives and rising stars. He is in a unique position to observe the changing macro trends and oncoming challenges facing the communities that make up international real estate, infrastructure and alternative energy. 

Additional background information may be viewed at the following web links: http://www.linkedin.com/in/rutherfordintl

REmatrix.com www.rematrix.com When a client comes to you seeking a new opportunity, what advice do you give them?

Forbes RutherfordIt’s probably best that we clarify who the client is as it varies with each company. In the context of Rutherford International's executive search services or NEXTalent Inc., the client isn't the prospect but rather the corporation. Our fiduciary responsibility is toward the corporation who has retained our services. That's not to suggest we aren't prepared to play the role of 'trusted intermediary' between the two parties. The purpose of the search was most likely to implement a strategy or resolve a problem, it's beneficial to all concerned that we leave the table in the knowledge that 'fairness' was the basis of the negotiation.

With respect to NEXTalent, again it's the corporation however we have a moral obligation to the candidate to provide them with honest counsel that advances their careers. I didn't design NEXTalent to be just another agency, this sector is driven by 'self-interest' which seems to be an acceptable ethical standard by some employers that have little regard for their employer brand. My opinion about this sector can be read at this link on REmatrix.com, it's an old tirade but is still current given their business model remains intact. It's not likely they'll change until the Internet and machine learning via AI pry's it from their cold dead hands.

NEXTpath Inc. is quite different, the firm operates as a coach and career agent to a community of individuals that have been scientifically identified for having the potential to high-perform in their selected function. These high-performers are our client's, we're their sounding board, we help them with the vagaries of change by directing them to relevant resources for the situation at-hand or by assessing career opportunities that they are likely to busy to consider.

REmatrix.com www.rematrix.com Okay, so when a potential candidate comes to you seeking a new opportunity, what advice do you give them?
Forbes Rutherford
I do get industry professionals coming to me for advice on how they should approach their job search. What I tell them is contingent on whether they’re using an “outplacement” service or doing it on their own. If they’re using third party assistance (generally provided by the former employer) then it’s likely that they have gone through a battery of tests and assessments that are designed to determine behavior, personality and interests. If not, or they’re on their own in this job seeking adventure then I’ll let them use my assessment services. Self-appraisal and self-awareness is important at this phase of their life; by understanding ones strengths and what truly motivates oneself, one can recognize career opportunity more effectively.

Ask a CEO to identify their greatest human resource challenges, I can assure you that one of them will be the challenge of finding motivated talent. If you don’t understand your strengths, what gets you passionate, or the optimum working environment, then the odds of finding the right position will be based entirely on serendipity. Since seventy-five percent of the workforce isn’t happy with their job, I’d say serendipity hasn’t struck the average worker very often. So before offering advice, I ask three fundamental questions, “Do you know your strengths, your interests and what gets you excited each and every day?”

REmatrix.com www.rematrix.com Do most job seekers know what they’re looking for, and how they fit into the industry?
Forbes RutherfordBy and large, the answer is a resounding “No!” Some of course are looking to clone their former position with another firm. They may not have the luxury of time to reassess their career or decompress from a previous position or they’ve taken the position – allegorically speaking – “office leasing is office leasing, it doesn’t much matter who it’s with.” Of course, they’re dead wrong. Job’s are usually chosen this way, not careers. You can tell by the resume if a person hasn’t taken adequate time to think through their career.

REmatrix.com www.rematrix.com Would you comment on resume errors that you’ve seen?
Forbes RutherfordWhole books are written on this subject, but fundamentally, it's not taking the time to think about the content. A resume is simply a marketing tool designed to get you through the door, it’s not meant to land you the job. It’s a living document, which defines your growth in knowledge, states your underlying value in the past and present and the likelihood of your success in the future.

It’s the most important personal document the average person will ever draft, and yet many spend little time in its creation. For example, the professionally written resume, which I find abhorrent, suggests either bad time management or inferior writing skills – if you can’t take the time to design and draft a document to effectively market yourself, how thorough will you be in representing your employer?

REmatrix.com www.rematrix.com Would you comment on the resume format you prefer?
Forbes Rutherford
I’ll give you the abridged version of what I tell candidates. There are three basic formats for resume design – “functional”, “chronological” and a “hybrid” of the first two. When I receive a functional resume, I’m instantly suspicious and look for what’s being hidden versus emphasized. Candidates with significant gaps in their employment history favor the “functional” format.

I prefer a chronological format or a well thought out hybrid for the simple reason that it’s easier to interpret the flow of the person’s career decisions and the growth of their accomplishments in successive positions. When assessing a candidate by their resume, career choices are as important as duties and accomplishments. One can tell a great deal about a person’s judgment and the quality of their decision making by their career choices.

One other reason for a chronological format is “technology.” Large corporations and companies such as mine use data bases that optically scan resumes and drop all the critical information into searchable fields. Functional formats are poorly suited for this type of technology as the information must be manually inputted through a cut and paste process. It’s tedious, and we get to it when we have time, and we have very little time.

Rule of Thumb: A resume is only meant to get you through the door for an interview.

REmatrix.com www.rematrix.com         What are your basic rules for resume design?
Forbes Rutherford
  1. The format you use after graduation shouldn’t be the same format after five years of experience.

  2. Don’t itemize the same duties for each position held. When I’m reading resumes, I find bland redundancy to be a constant annoyance.

  3. Resume should be no more than two pages. A cover letter emphasizing key parts of your resume that relate to the position your applying for is acceptable, and even helpful to the reader. When sending your resume digitally, attach the cover letter at the end of the resume rather than as a separate attachment. Some data bases that electronically scan the document aren’t sophisticated enough to handle two separate documents for the same applicant. You could end up in their system twice or have one of the two documents rejected.

  4. Write the resume or your LinkedIn profile in the knowledge that it will eventually reside in a searchable archive. You may hear from the search firm today, or more likely two years from today on another assignment. Keep your LinkedIn profile current irrespective of your job search activity, applicant tracking systems are designed to parse this profile like any other resume. Trolling LinkedIn is standard fare for talent acquisition professionals.
     
  5. Use contact information that isn’t likely to change especially your email address. Do not use your company address or a cute personal address. The address you use on your resume should be one that you check regularly. Consider a service such as Gmail, Yahoo or Hotmail, which allows you to set up an account and forward mail to your personal home account.

  6. Make it as easy as possible for the employer or search consultant to reach you during the day. A personal cell phone number is best – again, not the company cell.

  7. After your contact information, insert your Career Objective or Executive Summary. This section should be indented from the main resume body, highlighted and no more than twenty words. If you can't state what you do in 20 words or less, you probably don't know what you are doing.
     
  8. A chronological employment history, with proper title and employer name comes next. Accurate employment dates on the left side, not the right. If you’re not sure of the actual employment and departure date, then month and year are sufficient.

  9. Statement of duties and responsibilities with each position, limit yourself to the four or five that take up eighty percent of your working week. Quantify the scope of your duties without divulging proprietary information that’s critical to your former or current employer. If duties and responsibilities’ are similar for each position, avoid redundancy and leave more room for “significant accomplishments.”

  10. Significant Accomplishments are successes that surpass the norm and where possible should be: quantifiable in dollars saved, earned, budget or project size; number of subordinates managed; percentage increase in market share; or square footage built or leased, etc. Why quantify your accomplishments? Look at a page of text with a few numbers dispersed among the letters, your eyes will always view the numbers first – a resume is no different. You want the interviewer to see the numbers.

  11. Managing Proprietary Information - Get permission if you need to use information that is borderline proprietary. Why? I’ll ask you if you had permission to use the numbers. If you don’t have it, it’s an indiscretion I wouldn’t want you repeating with my client.

  12. Emphasize personal performance metrics in comparison to peers in relation to division, department or personal performance.

  13. Assign responsibility for stated accomplishments to your team when it’s accurate to do so, but don’t avoid claiming your right to personal achievements in some misconstrued belief that there is no “I” in team. There is no “L” in Team either, but every team has a leader. A resume is your time to blow your own horn, not to do so is a contrivance.

  14. Education – emphasize degree and successes if you’re writing the resume at the early stage of your career; but as the year’s progress you’re going to be judged on you success and accomplishments. Continuing education is critical – individuals that are intellectually sedentary aren’t overly attractive especially if the company you’re applying to considers itself a “learning organization.”

  15. Community Volunteerism – “if you want something done, ask a busy person.” Some companies avoid individuals that are socially active in their communities; my advice is to avoid these companies as prospective employers. To be motivated daily, your values at work need to parallel your values at home.

  16. Interests – Painting, gardening, writing poetry and long walks in the woods are not the kind of interests an employer wants to see for a position that requires a high degree of social interaction. If you’re applying for a position that calls for behavioral traits that are inconsistent with whom you are as a person, then perhaps you need to reevaluate your employment goals.

  17. Key Words – At the bottom of the resume, create a box labeled “SEO Meta-Tags” and insert “nouns,” which describe your functional duties. This is not advice you will read in most books on resume design but it’s a feature at the end of the resume that will increase the likelihood of your information being found by a CRM/ATS search engines. Most large corporate and headhunter data bases use search engine algorithms’ that locate key words and organize the search result based on relevancy. The greater number of key words found in a document, the more likely your name will he highlighted on the output.

Friday, November 7, 2014

NEXTalent Inc. Drives Down the Cost of Recruiting

NEXTalent Inc. Drives Down the Cost of Recruiting

Dear Visitor,
Twenty eight months ago, NEXTalent Inc., a sister company to Rutherford International Executive Search Group broke onto the national corporate recruiting scene becoming the talent supplier to a number of Canada's top REIT's, REOC's and corporate service firms.

Utilizing the back office and research tools of Rutherford International, NEXTalent Inc. is designed to be consultative “success based” talent acquisition firm that offers clients a variety of competitively priced programs utilizing cutting edge technologies and in-house recruiters.

NEXTalent Inc. is not a traditional recruiting agency, we offer an innovative hybrid approach to talent recruitment with a singular client-driven purpose to drive down the cost of hiring by passing technology and science based process efficiencies through to the client. Clients have a achieved a 60 percent savings over traditional agency fees through our methods. 

I welcome your interest, so please don’t hesitate to call me on my private number at 855-256-5778. I work in Eastern Standard Time.
Who We Are:
NEXTalent Inc. is a hybrid between the strategic application of executive assessment utilizing actuarial mathematics and behavioral science working in combination with the tactical or transactional application of proven recruiting processes.  We overlay these services with the expressed mission and intent to reduce your talent acquisition costs without compromising your access to candidate quality or time to completion.
"Expressed mission and intent to reduce your talent acquisition costs"
Our methods encompass direct recruitment, supplier management, process and business network analysis, human intel, convergent advertising platforms and employer branding campaigns to effectively identify and evaluate expertise. We recognize that employers require expediency; it is part of the value proposition in hiring a consultancy. With this recognition, we advise clients on how to scale their recruiting needs recommending different price points along the recruitment value chain.
What We Do:
A. Talent Advisory and On-boarding:
Our full recruiting service applies executive search methods including functional specific scientific assessment tools that have an 85% predictive accuracy for identifying high performance. Our assessment of competencies span over 3000 executive, management and staff functions including investment and real estate. Whether experienced or a neophyte, our due diligence enables us to predict a person’s on-the-job performance with enough accuracy to offer an industry leading warranty.
"Our assessment of competencies span over 3000 functions"
Furthermore, we offer rapid on-boarding and learning path designs which have been proven empirically to reduce time to proficiency by 30% to 50% relative to normal training methods.
B. Employer Branding/Job Ad Marketing Campaigns:
This method works on the established theory that a passive candidate must be touched by your "job ad" a minimum of five times without the assistance of a recruiter before they are motivated to apply to a position. Our approach is designed to achieve this goal. We leverage the "Semantic Web", we market through convergent advertising platforms, employ opt-in targeted email lists and develop employer branding campaigns to effectively identify and evaluate expertise.
"Savings greater than 60% relative to standard recruitment agency fees"
Depending upon assignment difficulty, our job ad marketing campaign clients have achieved a 'talent acquisition' savings greater than 60% relative to standard recruitment agency fees, while improving their experience and success rate.
C. Job Board Advertising:
This service is the lowest price point on our recruitment value chain, yet offers exceptional value insofar as clients are able to take advantage of NEXTalent's web traffic including priority placement of their position on REjobnet.com, an international real estate job board that pulls real estate job feeds from 53 countries.
We would welcome the opportunity to explain these services to you in more detail. I can be contacted at forbes@rutherfordinternational.
Sincerely,
Forbes J. Rutherford / Group President & CEO / LinkedIn
Rutherford International Executive Search Group Inc., / NEXTalent Inc. / 855-256-5778

Musings About Talent Aquisition and Employment in Canada's Real Estate Industry



Musings About Talent Acquisition and Employment In Canada’s Real Estate Industry
by Forbes Rutherford, Rutherford International Executive Search Group Inc.

http://ca.linkedin.com/in/rutherfordintl/ 

A. Selection Ratio and Cost per Hire
1. War for Talent

What concerns me with respect to the future is the scarcity of high performing talent at all levels of the corporation. Identifying talent and then transferring institutional knowledge through effective succession planning has become a strategic imperative.
 

2. When to Use and Not Use a Headhunter
To determine your talent acquisition approach consider the following:
  • the strategic and/ or tactical importance of the position;
  • the urgency to fill the position;
  • and ultimately the cost to hire.
If the role is strategic and has a direct impact on profit and loss, consider an executive search partner. If the responsibilities of the position are tactical but the need is urgent, consider a standard recruiting agency. If time is on the side of the employer, then an effective job marketing campaign should suffice in order to keep the cost per hire at a minimum.
 

3. Driving Down the Cost per Hire Through SEO and Employer Branding 
The cost per hire is a direct charge on a firm’s bottom line. This cost, however, has dropped dramatically with the advent of job boards, in-house recruiters, social networks, career advertising and search engine optimization. Much like traditional recruiting agencies, we package these tactical recruiting tools among others into our direct methods. Unlike other agencies, however, NEXTalent passes these savings on to the client.

B. Cost to Fire is Rising Exponentially
1. Cost to fire is rising exponentially relative to the cost to hire. 

As much as cost per hire is rapidly declining, the cost per fire is rising exponentially. The associated contingent liabilities that attach to the bottom line are considerable and lingering. Enabling our clients to hire right is fundamental to reducing your overall cost to fire.
 

2. Impacting the Bottom line Through Science Based Hiring 
You can improve a person’s education through courses and mentoring, you can improve their experience by exposing them to more responsibility; however you cannot improve or modify their behavior. While minor adjustments can be achieved, the behavioral DNA of an individual is relatively hardwired by the mid-twenties.

Through Rutherford International's talent acquisition advisory approach, we apply science based hiring methods utilizing advanced assessment tools that have an 85% predictive accuracy for identifying high performance.

C. Economic Realism 

Having conducted executive search assignments in real estate spanning major global markets since 1986, one becomes intimately familiar with economic cycles. You don’t live through a full real estate cycle without learning that there is a correlation between gravity and finance. By its very definition, markets do cycle. We cannot assume otherwise.
 

Even a modest shift in capital fundamentals and inputs such as energy will test management's effectiveness to control an asset’s NOI.

D. Institutional Knowledge Transfer 

1. An Aging Demographic  
We have an aging managerial and executive demographic. I'm not convinced key executives pushing into their late 50s will hang around through the next financial correction. Talent gaps weren't apparent in the 2008 financial crisis as most executives remained. They weren't prepared nor ready for gearing down with their nest eggs severely eroded. However the markets have made them whole, it's not likely they'll be caught again. In fact, many are liquidating and lowering their risk threshold in preparation for gearing down or outright retirement. I expect we'll see a significant exodus of talent and institutional knowledge from corporations at all levels over the next five to ten years. Capturing this institutional knowledge along with hiring a workforce that is resilient to change is fundamental to a corporation's ability to sustain its market position.

2. The New Guard and Managing Generational Expectations 

In general Canadian real estate professionals under age 47 (not the case in the United States) have yet to experience a rapid cracking of real estate fundamentals. When they do, there will be few old guard left. There is no reason to assume, however, that the new guard can't navigate through a downturn. They are bright, aggressive, collaborative and better educated. The question management needs to ask itself in preparation for the future is, 'Do I have an organization that measures its worth by its resilience to adapt, or is it caught up in its entitlements?' This is a behavioral question, the answer is easy to determine."

E. Succession Planning and Benchmarking Winners

1. High Performance Attributes as Defined by the Function 
Navigating effective organizational succession planning within a transitioning industry through internal promotion and external hiring requires an understanding of the unique combination of high performing behaviors required for each key function within the top and bottom tiers of an organization.
 

2. Benchmarking High Performance Through Behavioral Science Research 
Rutherford International’s NEXTpath division is the leading sponsor of a North American wide behavioral research study to benchmark the high-performing competencies found in critical real property functions. We currently offer access to psychometric benchmarks which span the high performing competencies of 3000 executive, management and staff functions including some real estate (retail leasing/development/project management), construction and investment functions. Grounded in thirty years of behavioral science research with statistical validity founded on actuarial science, the predictive accuracy of our benchmarks for determining a person’s on-the-job performance is 85 percent.

F: Changing the Talent Management Paradigm 

1. Wading Into the Deep End of the Talent Pool
The Rutherford Group of Companies consists of a vertical of specialized executive search, talent management and recruiting firms that complement each other at various stages along the recruiting value chain. Each firm offers clients a varied approach to talent acquisition at a different cost per hire.

By adapting your point of entry onto the recruiting value chain, our methods let you ‘test the waters’ before jumping completely into the talent pool. Depending upon urgency, your first point of entry can be the running an ad on our international job board (www.rejobnet.com) for as little as CA$499.00.

2. Phased Talent Acquisition Including Proactive Recruitment 

Alternatively, you can engage our talent acquisition firm (www.nextalent.ca) to implement a job marketing and employer brand management strategy to target market your position to relevant candidates; or if timing is critical we offer a full service recruiting campaign with our experienced recruiters.

Not every assignment requires a full service recruiting program. Properly staged, the cost savings of the NEXTalent program offers significant savings. A job advertising and employer brand marketing campaign through NEXTalent Inc. is equal to the cost of an average career ad in the Wall Street Journal.





For Additional Information, please contact:
Forbes Rutherford - forbes@rutherfordinternational.com or 855-256-5778 EST.