Explain search for the purple squirrel

Assignment Help Business Management
Reference no: EM13217859 , Length: 500 Words

ttracting and selecting the right talent is critical to a company's success. For tech companies, the process is even more critical since it's the knowledge, skills, and abilities of their employees that determines these companies' efficiency, innovation, and ultimately, financial achievements. So, how do companies like Google and Facebook and even IBM and Microsoft attract the talent they need? As you'll see, these companies use some unique approaches.

In trying to attract qualified candidates with technical skills and knowledge to consider a career at IBM, the mature tech company brought its Watson computer that beat two former Jeopardy champions in a televised match to Carnegie Mellon's campus where students got a chance to challenge the computer during a symposium on Watson.

Modis, a global provider of IT staffing and recruiting, has an interesting philosophy about searching for talented tech types. As pressure has mounted on businesses to find qualified employees, the search for the "perfect" candidate has become increasingly competitive. This company calls this "search for perfection the quest for the ‘purple squirrel.'" Sometimes you just have to realize that, like the purple squirrel, the "perfect" candidate isn't available or doesn't exist. But that doesn't mean you don't try to find the best available talent. How do some of the big tech names spot talent?

For "mature" tech companies like IBM, Microsoft, and Hewlett-Packard (H-P), the challenge can be especially difficult since they don't have the allure of start-ups or the younger, "sexier" tech companies. So these businesses have to "pour on the charm." Take IBM, for instance. After its Watson computer beat two former Jeopardy champions in a televised match, the company hauled the machine to Carnegie Mellon, a top school, where students got a chance to challenge the computer. IBM's goal: lure some of those students to consider a career at IBM. H-P is using the pizza party/tech talk approach at various schools trying to lure younger students before they get "snatched away by other tech companies and start-ups." Microsoft, which was once one of those start-ups, has sent alumni back to schools to promote why Microsoft is a great place to take their talents. And it also hosts game nights, final-exam study parties, and appbuilding sessions and other events to try to lure students.

For companies like Facebook and Google, the search for talent is still challenging because of the increasing demand for and limited supply of potential employees. So even these companies have to be creative in spotting talent. Google, for instance, found they had been looking at resumes too narrowly by focusing (as expected) on education, GPA, and even SAT scores trying to find those candidates with the highest IQs. But they found that some of those so-called geniuses weren't as effective on the job as expected. So, they began to "take a wider view." Rather than looking at resumes the "traditional way, from top to bottom," it began to look "upside down" at resumes, trying to find some "rare, special attribute that could point the way to greatness." Facebook found that old-fashioned hiring channels weren't getting the talent it needed fast enough. So it tried online puzzles and programming challenges to attract and spot talent. It was an easy, fast, and cheap approach to get submissions from potential candidates. Despite these unique approaches, it's also true that younger tech companies, like these and many others, have a built-in appeal for candidates primarily because they're what's "in" and what's "hot" right now. Also, in many of the younger tech companies, there's no entrenched bureaucracy or cultural restrictions. If an employee wants to come to work in cargo shorts, t-shirts, and flip-flops, they do. In fact, 409410what attracts many talented employees to companies like these is the fact that they can set their own hours, bring their pets to work, have access to free food and drinks, and a variety of other perks.

1. What does this case imply about the supply of and demand for employees and the implications for businesses?

2. What's the meaning behind the "search for the purple squirrel" in relation to spotting talent? Is this relevant to non-tech companies, as well? Discuss.

3. Put on your "creative" hat. You're in charge of HR at a tech start-up. What suggestions can you come up with for "spotting talent?"

Reference no: EM13217859

Questions Cloud

Principles and processes of strategic management : How are the principles and processes of strategic management applied to such organizations and what are the implications of physicians as a group being in large part the determinants of the allocation of healthcare resources?
What is the cash value of reduced pollutants : Infrastructure Difficulty in siting new plants Cost and efficiency losses (5-8%) in transmission Power quality and dependability issues Higher Efficiency Efficiency is reduced by fuel processing Fuel is relatively inexpensive and plentiful (now) L..
Explain why the nephew became a monster : find 3 scenes in each aspect and write review. use at least 2 resources.  maxist, the king's male son will become next king. if do not have male son, the king's brother will be the next king. feminist, Richard killed the women's husband because he wa..
What is the average friction factor in the duct : Air enters an adiabatic duct of L/D = 40 at V1 = 170 m/s and T1 = 300 K. The flow at the exit is choked. What is the average friction factor in the duct?
Explain search for the purple squirrel : What's the meaning behind the "search for the purple squirrel" in relation to spotting talent? Is this relevant to non-tech companies, as well? Discuss.
What is a parting line or parting surface : 1. What is a parting line or parting surface? 2. What is fluidity? 3. What type of shape modifications or allowances are generally incorporated into a casting pattern?
Find the power being transmitted : As the hollow steel (G = 77 GPa) shaft shown rotates at 180 rpm, a stroboscopic measurement indicates that the angle of twist of the shaft is 3°. Determine
Why cooling strategies different in these two applications : Lawn mower engines normally have finned surfaces directly attached to the engine block, with no radiator, in order to achieve the required cooling. Why might the cooling strategies be different in these two applications?
Why the resource is valuable to educators and to parents : As an early childhood educator, it is crucial to identify resources around the community to create a quality early care and education program. Our communities provide resources for families and early care and education programs to support children..

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd