Tip of the Spear Ventures

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The War for Talent – Pandemic Focus

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The Point: There is a “War for Talent” right now as we come through (hopefully!) the pandemic. Call it a result of the “great resignation” or whatever you’d like, there is a shortage of qualified applicants for each job opening. Nowhere is the war for talent with a pandemic focus greater than at the leadership level! So we started asking ourselves here at Tip of the Spear, “What exactly is this war for talent, and more importantly what can the C-suite do to offset this war during the pandemic?” So, in this post we’ll explore the war for talent with a pandemic focus and provide several tips, techniques, and tricks for success… Enjoy!

The Zeroing Agency at Tip of the Spear Ventures Corporate Culture and Ethics to solve the War for Talent - Pandemic Focus

Happy Holidays… You’re Fired!

Joshua (name changed to protect the innocent) was a Chief Revenue Officer (CRO) for an SMB company. He was a true “success” story if ever there was one, having rose through the corporate ladder over his 20-year career starting as an entry-level business development representative and ultimately sitting in the sales c-suite chair. And just like that, it was over! A private equity firm came in and bought the company from a baby boomer leader 6-months prior. While they “talked” of keeping him in the CRO Chair, the “walk” was parting ways with him during the holidays (“Happy Holidays… You’re Fired!”)

The War for Talent during the Pandemic – Where’s Your Corporate Culture and Ethics?

The relationship between corporate culture and ethics is complicated, but there are many ways to improve it. While it is true that ethical companies have a higher level of satisfaction with their work, there are also some ways to make the culture more effective. First, signal an ethical environment within the organization. Doing so conveys the message that voicing your values is a viable option and will increase employee morale. Second, you can create a better working environment for your staff by making your workplace more pleasant.

Whether or not your company is committed to ethical behaviors is important, but your espoused culture is often different from the real one. For example, aggressive sales personnel may be rewarded, while conservative sales personnel are not. This could result in problems with revenue classifications. Moreover, the pressure of the real culture could have prompted Texas Instruments to correct these problems. Considering this, the relationship between corporate culture and ethics is a complex one.

What’s the Bond between Corporate Culture and Ethics?

To create a healthy bond between ethics and corporate culture, you should start by identifying your company’s core values. Then, write an organizational mission statement or code of ethics. Remember to reference your company’s culture in this statement, as well. Even if your business is already established, you might still need to create a mission statement for the new company. Ultimately, you need to change your corporate culture to help the employees work better together.

When it comes to a firm’s value, ethics are a crucial factor. If the culture is not ethical, it will detract from the value of a company. A strong corporate culture encourages employees to perform at their highest levels, but an unethical culture discourages employee morale and creativity. A company’s value will be decreased by 1.4% if it does not promote ethical behavior. The importance of ethics cannot be overstated.

Show Me a Compensation Plan, I’ll Show You Behavior/Performance

A company’s culture influences employee behavior, compliance, and integrity. Developing an ethical corporate culture is essential for a company’s success. But it doesn’t necessarily have to be a big deal. While a strong company culture can benefit the bottom line, ethics are a critical component of a company’s culture. The more ethical the workplace, the better the company will be. In addition to fostering a positive workplace environment, an ethical company culture will also promote a more productive and innovative work environment.

In addition to its importance in society, corporate culture affects the company’s performance. A healthy company culture emphasizes the values of people. It is an essential part of a company’s culture. It also affects the company’s reputation. Having an ethical culture is essential for the success of an organization. The best way to do that is to encourage employees to do what is right. It will improve morale and productivity.

The War for Talent – How to Improve Inherent Corporate Culture and Ethics

There are many ways to improve corporate culture and ethics. The top executives should be held accountable for their actions, while managers and lower-level employees should be held accountable for their actions. They should also be evaluated for their moral values, and rewarded for doing the right thing. The key is to ensure that all employees are rewarded for doing the right thing. However, this is not easy. But if everyone works hard and is ethical, it will be much easier to increase the company’s profits.

The way top management conducts itself is also important for a company’s morale. Senior management should be an example of ethical behavior. They should be an example to all employees. If they aren’t, it will be difficult to promote a good corporate culture. A good culture will inspire confidence and trust in employees. This will help the company avoid ethical problems. This is important because the wrong culture will only make you look bad.

Lastly, there is the connection between corporate culture and ethics. Some organizations have a very good and ethical culture. Others are very un-ethical. While many people don’t want to be a criminal, they will not do anything that would violate the law. This is why corporate culture and ethics are so important. They are linked and can influence each other’s behavior. By making sure that everyone understands the importance of these issues, they will be more likely to do the right thing and be successful.

SUMMARY

In this post, we’ve explored the “War for Talent” taking place right now as we come through (hopefully!) the pandemic. Call it a result of the “great resignation” or whatever you’d like, there is a shortage of qualified applicants for each job opening. Nowhere is the war for talent with a pandemic focus greater than at the leadership level! We’ve explored how the key to successfully offsetting this war is corporate culture and ethics, powered by a comprehensive compensation plan. While this might not have saved Joshua’s CRO position at the aforementioned SMB organization, it should be a lesson the SMB organization pays attention to as they drive forward (Joshua should also ask these important corporate culture and ethics questions during his interviews for future employment!)

Sam Palazzolo, Managing Director

The Leadership Challenge: Recruiting like Harbaugh – 5 Tips!

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The Point: There is a war for talent taking place, with the best candidates going to those organizations that effectively outflank/outwork their business competitors in the recruiting game. So with NCAA College Football’s Signing Day finally here, we thought it would be interesting to compare/contrast The University of Michigan Football Coach Jim Harbaugh’s tactics that could leave you/your organization with a similar top recruiting class… Enjoy!

The Leadership Challenge: Recruiting like Harbaugh – 5 Tips!

Tree Climbing, Sleepovers, and Sledding… Oh My!

Jim Harbaugh’s transition from the NFL (where he acted as head coach for the San Francisco 49ers until unceremoniously being shown the exit in 2014) to the NCAA (currently acting as The University of Michigan’s Head Football Coach) has been well documented. An almost fairy-tale return to his alma mater brought about a return to glory (Full Disclosure: I’m a Michigan Man and Jim was one of the legendary Michigan quarterbacks under head coach Bo Schembechler). He is known for wearing his fiery emotions like a badge of hotheaded honor and $8 khakis he purchases from Walmart.

What Jim is perhaps not given credit for is his recruiting prowess. With an “at all costs” mentality, he has brought this football program legitimately back onto the college football scene (It’s estimated that he’ll bring in the #5 recruiting class according to ESPN this year). Some might argue that his techniques border on the strange and unorthodox (In his pursuit of players he has climbed a tree in a recruit’s backyard, had sleepovers, and offered to go sledding). Say what you will and want, but call him effective in recruiting for the following FIVE (5) reasons presented in “Tip” format for you to implement to offset the leadership challenge recruiting moments!

Tip #1 – Recruiter Energy

Let’s face reality… Your Human Resources department is probably detached from your business at hand. It’s not that they don’t know what you/your company does, it’s that they don’t KNOW what you/your company does. As such, they display a typical “play it safe” and “no skin in the game” exhibition when it comes to recruiting. If I’ve seen it once, I’ve seen this played out a hundred times.

Jim is known for his endless energy, raising the recruiting bar and setting precedents to new heights. While your recruiting efforts might not be able to change the players you have conducting the role, there should be an emphasis placed on examining how the recruiting role is changed so as to be conducted with energy.

Tip #2 – Transparent Culture

Typical recruiting tactics have taken the form of that of the applicant heretofore. Both parties want to put their “best foot” forward. However, who’s selling who in the recruiting war? Is the candidate selling the organization or vice versa? Your recruiting efforts shouldn’t shy away from your organization structure nor how you do things (and you should be profoundly proud of both as a leader!)

Tip #3 – The “Finest” of Goals

Harbaugh has gone on record as stating “We’re going to bring the finest student-athletes and character that we can to the University of Michigan.” And so it goes almost without saying that you similarly should be in pursuit of “finest” when it comes to recruiting team members mental capacity and character. Anything short of “finest” shouldn’t be pursued.

Tip #4 – Performance

While most envision the recruiting initiative done/successful once a candidate accepts an offer to join the organization, this is only the beginning for Harbaugh. There is the expectation that performance in the role recruited for not only meet, but exceed expectations. This takes thorough employee engagement and leadership feedback against a backdrop of organizational goals that the employee can immediately tie their performance back to (Your employees know what’s expected of them and can view their actual performance versus goal, right?)

Tip #5 – Expand Your Footprint

Technology has made it relatively easy to expand your geographic footprint in a search for talent. Unlike Harbaugh who has to attract student athletes to a specific geographic location (Ann Arbor, Michigan), you have the luxury of identifying best candidates without geographic boundaries (Are you fully taking advantage of A+ candidates that reside outside your geographic vicinity?)

SUMMARY

In this post, we’ve taken a look at the recruiting process/procedures of Jim Harbaugh and provided 5 Tips on how his success/focus should be yours. If there truly is a war for talent, you can’t afford for a bad recruiting effort to diminish your organizational talent. Remember, your business no matter how technical in nature you might want to believe it is, is still a people business. Having the finest people in the right roles is one of the variables of success you should consider/focus on.

Sam Palazzolo