General Business

Our September Newsletter

No more summer, no more sun, nothing left, but run, run, run!!

Welcome back everyone! The beginning of September has always been a time of renewal and change… and the realization that all the planning and scheming of the first 8 months now needs to pay off.

Some say that these next four months are the only ones that really count… it’s a sprint ’till year end. But for any smart hiring manager or great HR department this is the time when the pressure to hire can make for sloppy decisions. One point that can help in good hires is an awareness of something called the “fundamental attribution error.”

If you haven’t heard of this then you may be hiring the wrong people, for the wrong reasons.

In a recent article by Anna Secino for “Working Knowledge”, Article link http://hbswk.hbs.edu/item/7281.html, the online magazine for the Harvard Business School, she interviews Francesca Gino (Associate Professor), who was part of a research study asking why businesses hire candidates solely on past job performance. They discovered that companies hire people who have done a job successfully in the past and assume that they must be able to do the job they need to fill in the future. But is it correct to assume that past performance guarantees future success?

“Across all our studies, the results suggest the experts (recruiters and hiring managers) take high performance as evidence of high ability and do not sufficiently discount it by the ease with which that performance was achieved”.

Any agency or corporate recruiter will tell you this has been going on since the dawn of time and probably for a couple of understandable reasons. We like people who are successful. We need to make quick decisions. Detailed, in-depth questions may look like stalling. Or, we take the easy way, knowing that we can always CYA by saying “They looked good on paper.”

The fundamental attribution error allows for a recruiting team to hire people by believing too much in what’s on a piece of paper. Don’t believe the hype and don’t let the pressure of the next four months affect your diligence. Good hires take time and lots of questions – if you’re not doing this is your 3rd party agency? Now that is a good question!

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5 Tips to Consider When Being Downsized

It hits like a ton of bricks. Until you or someone close to you has been let go from their job you can’t describe the feelings or the pain it causes. It is a huge blow particularly to your ego and it is scary. Most people will experience this at least once in their career and the older you get or the longer you were with the company, the harder it hits you.

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Competing Big or Small in Commercial Real Estate

Competing Big or Small
If you are part of a smaller Commercial Real Estate firm competing against large Global organizations, these tools and data services will make you stand out in the crowd. Although all of the large Global firms are implementing these and many other tools, change is slower and involves far more time to adapt. Planning the right blend of the right tools and data is relatively straightforward. Executing this for a team of 20 is relatively straightforward. Implementing for a global team of 1,000 or 5,000 is substantially more complex and timely.

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Commercial Real Estate Technology Trends 2013

With a few of our consultants having had extensive experience in the Commercial Real Estate industry in roles including; Operations, Information Technology, Marketing, Finance, Research and Human Resourcing. Many of our clients are asking what changes and trends we see for the future in this industry.

Attend a technology or marketing conference and you will see hundreds of new technologies and tools that apply to the world of Commercial Real Estate. Navigating the technology world is challenging but it is essential that leaders in Commercial Real Estate ensure that they maintain focus in the following areas.

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Why You Should include Flat Fee Recruitment in Your Talent Management Strategy

Reducing cost per hire is a goal in any Talent Management Strategy. In recent years, online and social media recruiting has eliminated the need for expensive print ads, yet companies are finding that those savings by traditional recruitment firms have not been passed down to them.

Outsourced Flat Fee consulting is a relatively new concept here in Canada but it is growing in popularity in Europe and the UK.  It is intended for those employers who do not want to pay high recruitment fees, but at the same time do not want to handle the recruitment process themselves.

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