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Human Resource
February 2005
They’re Back! Is College Recruiting Reaching a Tipping
Point?
By Peter Langlois
Who are they? Company recruiters from a vast array of
businesses are once again descending in hordes upon college campuses
across the country in a massive hiring effort according to my sources,
which include numerous major newspapers across the country and placement
personnel at colleges. The impetus behind these efforts is the need to add
talent as the conservative approach to business gives way to optimism with
the Economy expanding and the impending retirement of at least a
significant number of so-called baby boomers looming large. This is not
merely a hiring blitz, but rather execution of human resource strategy at
the highest levels, and is expected to become an integral piece of
recruiting ongoing.
Whether a student is graduating with an accounting,
liberal arts, finance or hospitality-culinary degree doesn’t really matter
in the eyes of most recruiters. They recognize that by achieving a degree,
students have set themselves up to be potential lifelong learners. These
recruiters recognize that long-term, their companies can develop such
talent to meet their future needs. They fear that without an influx of
young talent they will not be competitive. I find that in direct contrast
to what many restaurant companies pursue: immediate contribution from
grads and an unwillingness to invest in what is now undoubtedly the most
critical asset in business, people.
While I agree that we should be doing everything to
prepare students in hospitality to make contributions as quickly as
possible (After all I built
www.RestaurantU.com with that in mind) it is naïve to think that
extensive training and orientation to company cultures is not a necessary
investment. Yet, I hear all too often from restaurant recruiters that it
is so difficult to patiently wait out the time until new college hires
make contributions. This portends huge problems for our ever-expanding and
people-intensive industry.
If we are competing for people at all levels with
retailers and the expanding medical segment, we’re doomed to lose out with
such an approach that seeks instant gratification. These two industries
are doing everything possible to poach our current management and
employees, and are super-active on college campuses offering students
alternatives and well-defined career paths. If you haven’t heard of
WalMart, Blockbuster, or Tenet stealing our folks, you’re not paying
attention.
Who needs to get this? CEOs must have the vision to
invest in such talent and exercise patience to develop young people. The
old school stealing of talent from another hospitality-restaurant company
has enormous consequences for turnover and building a transient workforce,
when what we really need is the improvement in skills that can only come
with reiteration and longevity. We’re basically cannibalizing our own
people rather than bringing in fresh and generally better-educated young
talent. That seems a formula for disaster in my eyes.
But, no need to just take old Peter Popper’s word on
this. Have you read a good book lately? Would you like to read the kind of
book that keeps you awake at night, worrying about the future? You might
want to pick up a copy of “Impending Crisis: Too Many Jobs Too Few People”
by Roger Herman, Tom Olivo and Joyce Gioia. This is a story that analyzes
the implications of demographics. It’s oh so logical. Yet as a thriller,
Stephen King has nothing on the scare these folks will give you! When is
the last time you wet your bed?
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