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FOR GLOBAL BUSINESS AND MARKETING LEADERS




              Candidate
           Care:
               A Competitive Advantage
            Treating job applicants well creates ambassadors for com-
            panies’ images and brands, even if they don’t get hired.
            By Robert D. Hennessy
             A decade ago,          management gurus, the business
             media, and business schools chastised corporate           World-class talent seeks its
             executives and boards of directors for their cavalier
             attitudes and, in some cases, complete lack of atten-
                                                                       own level, so hiring companies
             tion toward succession planning. Today, those same        should make sure that those
             executives and boards should direct their attention
             to candidate care—an even more pervasive and seri-
                                                                       involved in the interviewing
             ous issue—to avoid another managerial faux pas.           process are strong employees
             This article will illustrate the importance of making     who represent the company as
             candidate care a part of corporate strategy—not
             only to attract and retain top talent, but also to aug-   leaders in their own rights.
             ment corporate image, branding, and marketing
             efforts.                                                  potential impact of candidate care becomes clear.
                                                                          Too often, candidate care is overlooked by a
             Serious Business                                          board’s agenda. But, securing the flow of intellec-
             Candidate care is the process by which a company          tual capital should be one of the company’s highest
             staffs a position, from the announcement of a job         priorities. Today’s environment is defined by global
             opening to the results new hires deliver throughout       markets, restructurings, mergers and acquisitions,
             the years of their employment. Multiply by several        quantum changes in productivity, mobile talent,
             hundred, or several thousand over time, the               and changing political climates—all of which has
             expense and effort that goes into finding, retaining,     created an unprecedented thirst for intellectual
             training, and maintaining that one hire, and the          capital. The demand for talent will become even
Pharma Workforce
 recruitment


more intense and will continue                                                                 ple are often well known and their opin-
unabated into the foreseeable future.                                                          ions are respected. Whether they get the
That is why candidate care must                  How to Interview                              job with a company or not, they are still
become a mandatory and ongoing seg-              Pharmaceutical companies reach out to         valuable consumers of its products and
                                                 many people through their hiring prac-
ment of the strategic planning process,                                                        services and can speak favorably about it
                                                 tices. The following are recommenda-
at the very highest levels of pharma             tions—some strategic and, some tacti-
                                                                                               when given the opportunity. Hiring com-
companies and their boards.                      cal—that pharmaceutical companies             panies should consider, too, that they may
    Just as a company’s raw material             can use to enhance and optimize their         want to re-approach some candidates as
supply is an integral part of the strategic      candidates’ interview experiences:            future potential hires, so they should take
planning process, so, too, are the supply                                                      particular care when developing these
                                                 Describe your history and opportunities
of human raw material and the sources                                                          relationships and not burn any bridges.
                                                 accurately. The best people will have
of leadership. But, whereas there are            researched your company and have
usually substitutes for scarce raw mate-         done their due diligence.                     Enhance the Brand
rials, there is no substitute for intellec-                                                    In the pharmaceutical industry, a com-
tual capital and leadership.                     Develop an offer-closing strategy early.      pany’s products are the key components
                                                 Know what you can and can’t do to close
    If a company is slow to recognize the                                                      contributing to the company’s overall
                                                 gaps. Would you consider using COLAs
strategic value of candidate care, its           (cost of living adjustments), stock
                                                                                               brand or image. But, the best brand
competition will do the job for them;            options, and/or sign-on bonuses? Can          awareness programs involve more than
they seek the same skills and the same           you offer an early performance review?        products alone. The company itself—and
leadership qualities in many of the same         What are the details of your relocation       its reputation—also help to define the
people. Considering that the supply of           and healthcare packages, 401K/savings         company’s brand. For example, think of
intellectual capital is finite at any given      programs, etc.?                               the many products and brands offered by
time and in any geographic area, inat-           Be prepared to sell the opportunity.          General Electric. Yet, its most notable
tentiveness to candidate care will place         Explain why a best-in-class executive         brand is the company itself, GE. It is
companies at a distinct disadvantage.            would consider leaving a worthwhile cur-      apparent that successful candidate care
                                                 rent assignment to relocate his or her        programs can have a positive impact on a
Create Ambassadors                               family and join your company. Share           company, its reputation, and its brand.
“Individuals being recruited into an             with candidates why you decided to join           Feedback from the market suggests
organization, whether successful or not,         the company.                                  that most companies have significant
become ambassadors for that company              Limit the number of people on the             room for improvement in their candi-
for a period of time,” says William S.           interview team. Use only people who           date care programs, as one top-five
Poole, past president of Novo Nordisk            can really sell the company.                  global pharma company learned when it
(US) and of Biovail US. “As every sales                                                        conducted a three-year survey of its
                                                 Keep self-serving “politicians” off the
person will tell you, all it takes is one        interview team (if you have them).            interview process.
unhappy customer to undo the good of                                                               “It generally took two weeks to build
having 100 happy customers. To this              Manage the total interview process so it      an itinerary and schedule the first inter-
point, I believe it is essential for the hir-    does not take so long that candidates         view,” reports a company representa-
                                                 are no longer motivated.
ing company to move quickly, methodi-                                                          tive. “It took up to a month between
cally, and on time throughout the hiring         In a timely manner, have senior man-          interview rounds. It generally took up to
process. Having candidates hanging in            agement available to discuss feedback.        one month from the last interview to
limbo or being kept in the dark about            Listen. These people are offering free        make an offer. Almost half of all inter-
decisions, meeting times, or feedback for        market insight. But it’s a lost opportunity   view schedules were revised twice, and
weeks, or perhaps months, after first            if the interviewer monopolizes the dis-       the majority of schedule changes were
being contacted is simply inexcusable            cussion.                                      requested by the company.”
and just not good business.”                                                                       Most candidates feel that process
                                                 Avoid interruptions, especially
    Pharma companies interview many              telephone calls. Turn off your cell           takes too long. Fortunately, this com-
people but hire only a few. “Companies           phone.                                        pany could improve its process if it
turn down 98 percent of the people who                                                         had a better understanding of candi-
apply,” says Lou Manzi, vice president of        Start on time!                                date care.
human resources at GlaxoSmithKline.
    Manzi emphasizes the consequences           to fix their images if they would take bet-
of the “tell ten people of a bad experience     ter care of them in the first place.
rule.” It’s what happens when someone               Job candidates can become important
has a bad experience; they tell ten people      spokespeople for the companies they seek
and then those ten people tell ten more         employment with, because they gain spe-
people, and so on. Thus, many people are        cific and intimate knowledge of the
negatively affected by one person’s bad         organization and its employees during the
experience. Companies can avoid having          interview process. This is particularly true
                                                at the executive level, because these peo-
Pharma Workforce
                                                                                                               recruitment

From the Top
All companies need leaders and specific
skill sets to accomplish their missions. It     Interview Checklist
is management’s job to ask the follow-
                                                Companies looking for high marks for their candidate care program should be pre-
ing questions:                                  pared to answer the following questions about their interviewing and hiring process:
» Where is the future talent base, and is
    the supply sufficient?                      ❑ How do you define or describe your company’s brand equity?
» What is our strategy for securing             ❑ When candidates are scheduled to visit your company, what documents do you send
    tomorrow’s leaders?                           candidates before their visit?
    These may seem like simple ques-            ❑ What “story” does this package tell the candidates?
tions, but they have difficult answers
that must be addressed.                         ❑ Does the agenda clearly state the name and title of each interviewer?
    A myopic school of thought suggests         ❑ Are interview times beyond normal office hours—evening or very early-morning
that candidate care is the sole responsi-         meetings, weekends—considered in the scheduling process?
bility of human resources. A parallel           ❑ How and by whom are candidates greeted when they arrive?
can be drawn with the marketing func-
tion. Certainly it is axiomatic that a          ❑ How long can candidates expect to wait to be “processed” to gain entrance?
company’s marketing strategy must               ❑ Is there a seamless transition from the time candidates have completed security
transcend the marketing department                check-ins to their first appointments?
and be a total corporate concept. So            ❑ Have the interviewers prepared their questions prior to the interview?
must candidate care, because once an
                                                ❑ What is the value proposition for prospective candidates?
issue involves a total corporate effort, it
becomes a board priority.                       ❑ How are candidates made to feel comfortable? Is the physical setting appealing?
    The commonly accepted premise               ❑ What percentage of the time allotted for interviewing is spent on small talk? Do the
that all business activities are directed         interviewers talk excessively about themselves?
toward increasing profits and share-
                                                ❑ Who is responsible for leading the assessment of candidates’ functional and
holder value obviously includes candi-
                                                  cultural fit, and for coordinating the feedback?
date care. In support of this view, man-
agement and the board of directors              ❑ Is there seamless transition between interview times?
must continually evaluate the talent
involved in candidate care, from inter-
viewers and search firms to trainers and      date care. In fact, the board should chal-      new skills. In addition, other companies
human resources specialists.                  lenge management to educate all                 may be poaching your talent. So who
    Companies seeking to increase prof-       employees on candidate care and the             has final accountability? Because it is
its and enhance shareholder value             impact it can have on shareholder value         strategic and affects shareholder value,
should remember that world-class tal-         and the company’s reputation.                   the board of directors is responsible.
ent seeks its own level. It behooves them         Still, some people may resist because           When done right, candidate care pro-
to ensure that employees representing         they fear new talent and new skills, or         grams have a positive impact on both a
them in the interview process are strong      because they feel that change takes too         company’s brand and its profits. They
leaders in their own rights. Otherwise,       much effort. In such cases, management          require a high degree of professionalism
prospective leaders might be turned off,      should communicate that improvements            from many different employees. So, once
which no company can afford.                  in compensation, benefits, and the              a board establishes candidate care as a
                                              working environment are linked directly         strategic priority, management should
Employee Buy-In                               to executive leadership, a sustainable          promote the right internal behaviors.
Once the strategic value of candidate         pipeline of talent, and, therefore, candi-      Companies that fail to understand this
care is recognized, it takes strong leader-   date care. More often than not, execu-          will not only lose the opportunity to hire
ship to explain it to employees and to        tives can identify pockets within the           the best leaders, they will have to compete
make it an effort ingrained in the corpo-     company where resistance to change is           against those leaders when they are hired
rate culture. Overcoming resistance to        prevalent and take action. As resisters to      by the competition. It’s just one more case
the idea that the company must make           candidate care are identified, they             where doing right by people is simply
efforts to attract and retain top execu-      should be mentored and/or removed               good business.
tives may require aligning candidate care     from the candidate care pipeline.
with profits in the minds of employees. If        Assume everyone buys into the sig-           Robert D. Hennessy is president of The
they understand that executive leader-        nificance of candidate care. Keep in             Hennessy Group, an executive search firm
ship has a direct influence on profits, and   mind that candidate care is not a one-           specializing in the pharma and biotech
                                                                                               industries, with offices in Pennsylvania
that profits, in turn, are key to enhancing   and-done exercise. It is ongoing because         and Europe. He can be reached at [215]
shareholder value, then most employees        the talent pool is always changing,              497-9950, ext. 201.
will understand the importance of candi-      becoming more mobile, and developing
                  © Reprinted from PHARMACEUTICAL EXECUTIVE, April 2005                                 Printed in U.S.A.
www.thehennessygroup.com


                                                     TESTIMONIALS
It was a real pleasure to work with The Hennessy Group to fill the controller position at Adams Respiratory Therapeutics. Your
consulting team’s approach was refreshing.

I appreciated the level of detail and the way you focused on our specific requirements for this high profile position. You and
your team were extremely professional, and highly focused, which made every facet of the search productive and ultimately,
successful.

(Michael J. Valentino, President and Chief Executive Officer, Adams Respiratory Therapeutics) November 2004

I am writing to express my personal experience with The Hennessy Group. It has been my pleasure to know Bob Hennessy for
over ten years. I have had the pleasure of working directly with Bob and his team on a number of assignments and have never
been disappointed. From the initial phone call and outline of my needs, he and his team conducted themselves with integrity,
openness and a sense of urgency to find the best person available.

I would recommend the services of The Hennessy Group to anyone who enjoys working with a professional, poised and effec-
tive team. Quite frankly they deliver what they promise and within budget.

I have used these services while President of Novo Nordisk Pharmaceuticals North America and for Biovail Pharmaceuticals
North America.

(William S. Poole) December 2004



                                                 INDUSTRIES SERVED
                 Pharmaceuticals – Ethical & Generic              Biotechnology
                 Biologicals                                      Medical Devices & Supplies
                 Diagnostics                                      Drug Delivery
                 OTC and Consumer Health                          Scientific and Laboratory Products


                                                   FUNCTIONS SERVED
                  General Management                              Manufacturing & Operations
                  Marketing, Sales & Business Development         Supply Chain
                  Research & Development                          Finance
                  Board of Directors                              Human Resources
                  Clinical, Medical & Scientific Affairs          Information Technology
                  Regulatory Affairs & QA/QC




                  1010 Stony Hill Road                              Copenhagen Europe Center
                  Suite 250                                         Vesterbrogade 149
                  Yardley, PA USA 19067                             DK-1620 Copenhagen V
                  Tel: 215-497-9950                                 Tel: +45 33 27 04 07
                  Fax: 215-497-9952                                 Fax: +45 33 23 73 03

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Candidate Care

  • 1. FOR GLOBAL BUSINESS AND MARKETING LEADERS Candidate Care: A Competitive Advantage Treating job applicants well creates ambassadors for com- panies’ images and brands, even if they don’t get hired. By Robert D. Hennessy A decade ago, management gurus, the business media, and business schools chastised corporate World-class talent seeks its executives and boards of directors for their cavalier attitudes and, in some cases, complete lack of atten- own level, so hiring companies tion toward succession planning. Today, those same should make sure that those executives and boards should direct their attention to candidate care—an even more pervasive and seri- involved in the interviewing ous issue—to avoid another managerial faux pas. process are strong employees This article will illustrate the importance of making who represent the company as candidate care a part of corporate strategy—not only to attract and retain top talent, but also to aug- leaders in their own rights. ment corporate image, branding, and marketing efforts. potential impact of candidate care becomes clear. Too often, candidate care is overlooked by a Serious Business board’s agenda. But, securing the flow of intellec- Candidate care is the process by which a company tual capital should be one of the company’s highest staffs a position, from the announcement of a job priorities. Today’s environment is defined by global opening to the results new hires deliver throughout markets, restructurings, mergers and acquisitions, the years of their employment. Multiply by several quantum changes in productivity, mobile talent, hundred, or several thousand over time, the and changing political climates—all of which has expense and effort that goes into finding, retaining, created an unprecedented thirst for intellectual training, and maintaining that one hire, and the capital. The demand for talent will become even
  • 2. Pharma Workforce recruitment more intense and will continue ple are often well known and their opin- unabated into the foreseeable future. ions are respected. Whether they get the That is why candidate care must How to Interview job with a company or not, they are still become a mandatory and ongoing seg- Pharmaceutical companies reach out to valuable consumers of its products and many people through their hiring prac- ment of the strategic planning process, services and can speak favorably about it tices. The following are recommenda- at the very highest levels of pharma tions—some strategic and, some tacti- when given the opportunity. Hiring com- companies and their boards. cal—that pharmaceutical companies panies should consider, too, that they may Just as a company’s raw material can use to enhance and optimize their want to re-approach some candidates as supply is an integral part of the strategic candidates’ interview experiences: future potential hires, so they should take planning process, so, too, are the supply particular care when developing these Describe your history and opportunities of human raw material and the sources relationships and not burn any bridges. accurately. The best people will have of leadership. But, whereas there are researched your company and have usually substitutes for scarce raw mate- done their due diligence. Enhance the Brand rials, there is no substitute for intellec- In the pharmaceutical industry, a com- tual capital and leadership. Develop an offer-closing strategy early. pany’s products are the key components Know what you can and can’t do to close If a company is slow to recognize the contributing to the company’s overall gaps. Would you consider using COLAs strategic value of candidate care, its (cost of living adjustments), stock brand or image. But, the best brand competition will do the job for them; options, and/or sign-on bonuses? Can awareness programs involve more than they seek the same skills and the same you offer an early performance review? products alone. The company itself—and leadership qualities in many of the same What are the details of your relocation its reputation—also help to define the people. Considering that the supply of and healthcare packages, 401K/savings company’s brand. For example, think of intellectual capital is finite at any given programs, etc.? the many products and brands offered by time and in any geographic area, inat- Be prepared to sell the opportunity. General Electric. Yet, its most notable tentiveness to candidate care will place Explain why a best-in-class executive brand is the company itself, GE. It is companies at a distinct disadvantage. would consider leaving a worthwhile cur- apparent that successful candidate care rent assignment to relocate his or her programs can have a positive impact on a Create Ambassadors family and join your company. Share company, its reputation, and its brand. “Individuals being recruited into an with candidates why you decided to join Feedback from the market suggests organization, whether successful or not, the company. that most companies have significant become ambassadors for that company Limit the number of people on the room for improvement in their candi- for a period of time,” says William S. interview team. Use only people who date care programs, as one top-five Poole, past president of Novo Nordisk can really sell the company. global pharma company learned when it (US) and of Biovail US. “As every sales conducted a three-year survey of its Keep self-serving “politicians” off the person will tell you, all it takes is one interview team (if you have them). interview process. unhappy customer to undo the good of “It generally took two weeks to build having 100 happy customers. To this Manage the total interview process so it an itinerary and schedule the first inter- point, I believe it is essential for the hir- does not take so long that candidates view,” reports a company representa- are no longer motivated. ing company to move quickly, methodi- tive. “It took up to a month between cally, and on time throughout the hiring In a timely manner, have senior man- interview rounds. It generally took up to process. Having candidates hanging in agement available to discuss feedback. one month from the last interview to limbo or being kept in the dark about Listen. These people are offering free make an offer. Almost half of all inter- decisions, meeting times, or feedback for market insight. But it’s a lost opportunity view schedules were revised twice, and weeks, or perhaps months, after first if the interviewer monopolizes the dis- the majority of schedule changes were being contacted is simply inexcusable cussion. requested by the company.” and just not good business.” Most candidates feel that process Avoid interruptions, especially Pharma companies interview many telephone calls. Turn off your cell takes too long. Fortunately, this com- people but hire only a few. “Companies phone. pany could improve its process if it turn down 98 percent of the people who had a better understanding of candi- apply,” says Lou Manzi, vice president of Start on time! date care. human resources at GlaxoSmithKline. Manzi emphasizes the consequences to fix their images if they would take bet- of the “tell ten people of a bad experience ter care of them in the first place. rule.” It’s what happens when someone Job candidates can become important has a bad experience; they tell ten people spokespeople for the companies they seek and then those ten people tell ten more employment with, because they gain spe- people, and so on. Thus, many people are cific and intimate knowledge of the negatively affected by one person’s bad organization and its employees during the experience. Companies can avoid having interview process. This is particularly true at the executive level, because these peo-
  • 3. Pharma Workforce recruitment From the Top All companies need leaders and specific skill sets to accomplish their missions. It Interview Checklist is management’s job to ask the follow- Companies looking for high marks for their candidate care program should be pre- ing questions: pared to answer the following questions about their interviewing and hiring process: » Where is the future talent base, and is the supply sufficient? ❑ How do you define or describe your company’s brand equity? » What is our strategy for securing ❑ When candidates are scheduled to visit your company, what documents do you send tomorrow’s leaders? candidates before their visit? These may seem like simple ques- ❑ What “story” does this package tell the candidates? tions, but they have difficult answers that must be addressed. ❑ Does the agenda clearly state the name and title of each interviewer? A myopic school of thought suggests ❑ Are interview times beyond normal office hours—evening or very early-morning that candidate care is the sole responsi- meetings, weekends—considered in the scheduling process? bility of human resources. A parallel ❑ How and by whom are candidates greeted when they arrive? can be drawn with the marketing func- tion. Certainly it is axiomatic that a ❑ How long can candidates expect to wait to be “processed” to gain entrance? company’s marketing strategy must ❑ Is there a seamless transition from the time candidates have completed security transcend the marketing department check-ins to their first appointments? and be a total corporate concept. So ❑ Have the interviewers prepared their questions prior to the interview? must candidate care, because once an ❑ What is the value proposition for prospective candidates? issue involves a total corporate effort, it becomes a board priority. ❑ How are candidates made to feel comfortable? Is the physical setting appealing? The commonly accepted premise ❑ What percentage of the time allotted for interviewing is spent on small talk? Do the that all business activities are directed interviewers talk excessively about themselves? toward increasing profits and share- ❑ Who is responsible for leading the assessment of candidates’ functional and holder value obviously includes candi- cultural fit, and for coordinating the feedback? date care. In support of this view, man- agement and the board of directors ❑ Is there seamless transition between interview times? must continually evaluate the talent involved in candidate care, from inter- viewers and search firms to trainers and date care. In fact, the board should chal- new skills. In addition, other companies human resources specialists. lenge management to educate all may be poaching your talent. So who Companies seeking to increase prof- employees on candidate care and the has final accountability? Because it is its and enhance shareholder value impact it can have on shareholder value strategic and affects shareholder value, should remember that world-class tal- and the company’s reputation. the board of directors is responsible. ent seeks its own level. It behooves them Still, some people may resist because When done right, candidate care pro- to ensure that employees representing they fear new talent and new skills, or grams have a positive impact on both a them in the interview process are strong because they feel that change takes too company’s brand and its profits. They leaders in their own rights. Otherwise, much effort. In such cases, management require a high degree of professionalism prospective leaders might be turned off, should communicate that improvements from many different employees. So, once which no company can afford. in compensation, benefits, and the a board establishes candidate care as a working environment are linked directly strategic priority, management should Employee Buy-In to executive leadership, a sustainable promote the right internal behaviors. Once the strategic value of candidate pipeline of talent, and, therefore, candi- Companies that fail to understand this care is recognized, it takes strong leader- date care. More often than not, execu- will not only lose the opportunity to hire ship to explain it to employees and to tives can identify pockets within the the best leaders, they will have to compete make it an effort ingrained in the corpo- company where resistance to change is against those leaders when they are hired rate culture. Overcoming resistance to prevalent and take action. As resisters to by the competition. It’s just one more case the idea that the company must make candidate care are identified, they where doing right by people is simply efforts to attract and retain top execu- should be mentored and/or removed good business. tives may require aligning candidate care from the candidate care pipeline. with profits in the minds of employees. If Assume everyone buys into the sig- Robert D. Hennessy is president of The they understand that executive leader- nificance of candidate care. Keep in Hennessy Group, an executive search firm ship has a direct influence on profits, and mind that candidate care is not a one- specializing in the pharma and biotech industries, with offices in Pennsylvania that profits, in turn, are key to enhancing and-done exercise. It is ongoing because and Europe. He can be reached at [215] shareholder value, then most employees the talent pool is always changing, 497-9950, ext. 201. will understand the importance of candi- becoming more mobile, and developing © Reprinted from PHARMACEUTICAL EXECUTIVE, April 2005 Printed in U.S.A.
  • 4. www.thehennessygroup.com TESTIMONIALS It was a real pleasure to work with The Hennessy Group to fill the controller position at Adams Respiratory Therapeutics. Your consulting team’s approach was refreshing. I appreciated the level of detail and the way you focused on our specific requirements for this high profile position. You and your team were extremely professional, and highly focused, which made every facet of the search productive and ultimately, successful. (Michael J. Valentino, President and Chief Executive Officer, Adams Respiratory Therapeutics) November 2004 I am writing to express my personal experience with The Hennessy Group. It has been my pleasure to know Bob Hennessy for over ten years. I have had the pleasure of working directly with Bob and his team on a number of assignments and have never been disappointed. From the initial phone call and outline of my needs, he and his team conducted themselves with integrity, openness and a sense of urgency to find the best person available. I would recommend the services of The Hennessy Group to anyone who enjoys working with a professional, poised and effec- tive team. Quite frankly they deliver what they promise and within budget. I have used these services while President of Novo Nordisk Pharmaceuticals North America and for Biovail Pharmaceuticals North America. (William S. Poole) December 2004 INDUSTRIES SERVED Pharmaceuticals – Ethical & Generic Biotechnology Biologicals Medical Devices & Supplies Diagnostics Drug Delivery OTC and Consumer Health Scientific and Laboratory Products FUNCTIONS SERVED General Management Manufacturing & Operations Marketing, Sales & Business Development Supply Chain Research & Development Finance Board of Directors Human Resources Clinical, Medical & Scientific Affairs Information Technology Regulatory Affairs & QA/QC 1010 Stony Hill Road Copenhagen Europe Center Suite 250 Vesterbrogade 149 Yardley, PA USA 19067 DK-1620 Copenhagen V Tel: 215-497-9950 Tel: +45 33 27 04 07 Fax: 215-497-9952 Fax: +45 33 23 73 03