Master the Art of Closing Candidates - Presentation Transcript
Master the Art of Closing Candidates
Dan Nielsen
Recruiting Initiatives Leader
Towers Perrin
Agenda
Opening words about Closing
Developing a Closing approach
Closing skills at each stage of the process
Role playing – reacting to candidate
statements
“Closing” words
2
Closing: gathering and interpreting
information and using it to fill the role
Objective: Fill the role
Helpg der
Hin ng
fillin ? filli ?
role role
All
Information: Act
Ask clarifying questions
3
Always be closing
Permeates every part of the process
Starts before you have a candidate in play
Applies to all parties and circumstances
Goes beyond “selling”
Heightens awareness of potential obstacles
4
Effective closing works in the best
interest of all parties
Helps candidates and hiring managers define, focus
on, and achieve realistic goals and desires
Helps recruiters and hiring managers avoid candidates
who are not desired or will not move
5
Timing is everything
Watch your pace
By default, move processes swiftly
Recognize times to slow the pace
Focus on right activities at each stage
Prospect development
Interviews
Post offer extension
6
Developing a Closing Approach
Step 1 – Craft a powerful Employment
Value Proposition (EVP)
The EVP is the foundation for all future efforts
Your EVP should articulate a crisp message on why a
candidate should join your:
Industry
What sets
Company you apart in
Unit each
category?
Job
8
Draw on broad information to create
the EVP
Business plan
Sales/marketing materials
Intra/internet research
Interviews with:
Leadership
Hiring managers
Long-time employees
Recent hires - especially from competitors
Don’t lose sight of “intangibles” such as on-site gym,
proximity to public transit, continuing education, etc.
9
Document and disseminate your EVP
internally and externally
Internal document has External “marketing”
details to prep piece used for
interview teams prospect outreach
10
Step 2 – The importance of resume
screening
Challenging commute Breaking
company loyalty
and relationships
Company with Glen Ross may be difficult
different culture 101 S. Hanley
Hyde Park, NY 12538
XYZ Consulting Firm, Bayside, NY July 1998 – Present
Executive Vice President
• Lead consultant on $3 million of annual revenue
• Foremost company expert for Sarbanes-Oxley related issues
Title your firm Expect a relentless
doesn’t offer counter-offer
11
Step 3 – Phone interviewing sets the
tone for your relationship
Engage the candidate with your value proposition
Touch upon the fundamentals of the selection process
Career aspirations Decision drivers
Skills, interests and Obstacles to joining
abilities
Current/desired
Pros and cons of current compensation
role
Directly address any potential barriers from the resume
or the phone interview
12
Deal with compensation head-on from
the start
Gather facts about current compensation
Ask if current employer compensates fairly
Why do you believe that?
What would be fair compensation?
Address disconnects regarding compensation
expectations
13
Patiently wait for answers and clarify
ambiguity
Wait out any silence that comes after your question
Listen critically for what is said, not said and implied
Follow up until you have a clear, acknowledged
understanding with the candidate
Recognize when candidate doesn’t have reasonable
motivations for moving
14
How might you react if your candidate
made these statements?
“My next review is in December.”
“I worked with my boss at a former job and
followed him to my current company.”
“I have no one to delegate work to here.”
“I don’t have faith in my company’s Senior
Leadership.”
“I rode my bike to work today.”
15
Step 4 – Prepare the interview team
Review strengths/weaknesses of candidate
Assign selling points to ensure the applicant gets a
broad perspective of the firm
Direct probing questions on the primary issues
Candidate’s ability to be successful
Any negative impressions from the hiring team
Confirm threshold criteria needed to make the hire
16
Step 5 – Debrief both sides, continuing
to confirm the basics
Agreement on key criteria
Desire to work together
Compensation expectations are aligned
Discuss start date with candidate
17
Step 6 – Avoid surprises
Thoroughly confirm total rewards issues with candidate
Draw out anything the candidate considers
remuneration or other rewards
Even if every element isn’t matched, candidate
needs to know you had complete information
Stock/options Retirement
Parking/commute costs Paybacks
Perks Blackberry/laptop
Office vs. cube Expected raise
18
How might you react if your candidate
made these statements?
“My boss will be totally shocked when I resign.”
“I got passed over for a promotion last year.”
“I’m getting pulled into a new project at work.”
“How quickly will I hear back from you?”
“How much vacation will I get this year?”
“This is my first time resigning.”
19
Answer all questions and focus
negotiations where you have flexibility
Role, Responsibilities, Title
Relocation, Non-Compete
Answering
these Benefits, Vacation
questions…
Target Bonus %
Goals
…focuses negotiations on
Base Salary and Hiring Bonus $
20
Step 7 – Develop a “cushion” between
expectations and actual offer
Creates “insurance” against last-minute cuts to an offer
Feeds the excitement that accompanies acceptance,
and helps sustain candidate through counter-offer
Revisit initial discussion about compensation
A third-party recruiter can add value at this stage
21
Use “If I/will you?” questions and clarify
answers
Recruiter If I get $77,000 for you will you accept?
Candidate I was hoping for more than $77,000.
Recruiter If the offer is $77,000 will you reject?
Candidate I was hoping for closer to $80,000.
Recruiter So, at $77,000 will you reject?
Candidate Yes.
Recruiter If I can get $80,000 will you accept?...
Objective is to get permission from the candidate to
accept
Keep overall focus on the role and opportunity
22
Pick the best way to extend the offer
Ideally, the recruiter can simply call back and
congratulate the candidate on getting the job
The only surprise should be that the offer is a bit higher
than expected
If an acceptance is not yet confirmed, the hiring
manager is usually the best person to extend the offer
23
Never revise an offer that’s been
extended without an acceptance
Don’t let a candidate say “try again” without their
expressed acceptance
If I make this change, will you confirm a start date?
If I make this change, is there anything that would
stop you from joining?
24
Step 8 – Help the candidate control the
resignation process
Ask how other resignations have gone
Ask if they are notifying their boss of a decision, or
starting a dialogue about it
Role play by asking what happens when (not “if”) the
boss:
asks about the terms of the offer
offers to match or beat the compensation
asks what it would take for the candidate to stay
asks the candidate not to discuss the resignation
before a counter-offer is made
25
Step 9 – Create accountability and
maintain contact after the resignation
Ask the candidate to call you or the hiring manager
immediately after the resignation
Schedule “spontaneous” outreach calls from interview
team to candidate until start date
26
“Closing” Words
Add real value to your business with this
approach by improving:
Acquisition of top talent
Acceptance rates
Offer/interview ratio
Contact me with questions
Dan.Nielsen@towersperrin.com
314.719.5898
27
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