Known Talent isn't Always the Best Talent

The best talent may not always come from usual sources or have a similar appearance to prior leaders. Teams should broaden their aperture on talent who meets or exceeds the expectations for the position.


Independent of your approach to sourcing talent, internal or recruiting partner, a key first step is to source attractive candidates who meet the position specification. While this is obvious when talent acquisition is employed, many senior roles are filled by “known entities”.


“Known entities” are people familiar with the hiring manager. In many instances, they lack several requirements in the position spec. The one item they have is a relationship with the hiring manager. This factor can override key qualifications.


Another benefit of “known entities” is typically speed to fill. Given a relationship exists, there may be a “rush to judgement” on their candidacy and bypass steps other candidates would experience.

I would encourage leaders to evaluate talent from the market and anyone who is known prior to selecting the new hire. This approach will hopefully uncover specific strengths and weaknesses of the pool.  It will also highlight the gap between the known talent and those candidates sourced with the spec as the “North Star”.


As an executive recruiter for nearly 20 years, I’ve only placed a “known candidate” who I thought was perfect for the role ~10 times. In most instances, we’ve found the best candidate through a thorough review of the market.


Clearly both models work. However, I would encourage leaders to include a broader, diverse pool prior to pulling the trigger. You are likely to be pleasantly surprised by the value they can bring to the assignment/organization. They also have the potential to build a strong relationship with the hiring manager as well.


Dwain Celistan

Managing Partner,

Inclusive Leadership Practice Leader

What Do Inclusion Trends Look Like Right Now? Tell Us.

DHR Global is conducting its annual Inclusive Leadership Survey to better understand how organizations are evolving their leadership, culture, and inclusion strategies in today's changing business environment.


The survey takes approximately four minutes to complete. All responses are completely anonymous to ensure your privacy and confidentiality.


Last year, more than 200 executive leaders participated in this research. Their insights revealed that over 50% expect investment in inclusive practices to increase, while 41% reported shifting how inclusion is discussed across their organizations.


As an executive leader, your perspective is invaluable. We invite you to participate in our brief survey: https://www.surveymonkey.com/r/K67MLQX



If you have already completed the survey, thank you for contributing your insights. If not, there is still time to participate, and we would greatly value your perspective.

Why Your Input Matters:


Before you begin, take a look at last year's report for key insights into how leaders are approaching inclusive leadership, talent development, and organizational culture.


This year's survey will help identify how these trends continue to evolve and provide leaders with actionable insights into how organizations are approaching inclusive leadership today.

Diverse Slates Are the Best Slates

When I tell a client I'm going to bring them a diverse slate, the reactions vary. Some are excited, some have little to say, and a few are politely skeptical. Once they meet the candidates, though, almost all of them come away impressed. We didn't lower the bar to get there. We just looked harder.


It's harder at the top

I won't pretend this is easy. Building a diverse slate for a leadership role is much harder than doing it for mid-level or entry-level positions. The pool is smaller, the best people are in demand, and the pipelines most organizations lean on don't reflect everyone who's out there.


If you go to the usual networks and the usual names, you'll get the usual slate. Getting something different means searching the whole market: across geographies, across industries, and into communities that searches often overlook. It takes more research and more time. It's worth it.


It also means going after people who aren't looking. Most of the candidates on my slates are passive. They're busy doing strong work and aren't thinking about leaving. If your search only reaches the people who raise their hands, you're probably missing your best candidate.


The spec doesn't move

This is the part I want to be clear about. A diverse slate does not mean a lower standard. Every candidate I present, however we found them, must meet or exceed the position specification. That applies equally to everyone on the slate, and it isn't up for negotiation.


Quotas and box-ticking have nothing to do with it. The goal is to find the best people available and make sure the search is broad enough that you see them all. The candidates I'm talking about are already performing at the level of the role. They aren't stretch hires waiting for someone to take a chance on them.


What changes for clients

Many of my clients never ask for a diverse slate. They come to us with a spec, a timeline, and a sense of the culture they want, and diversity may not come up at all.

When we present a slate that is both diverse and fully qualified, they're consistently pleased. Often, something also shifts in how they think about strong leadership. I'd argue that's the most valuable part of this work. It fills the role, and it changes the way a company thinks about talent.


The numbers

Across our firm, roughly half of our recent placements have been diverse candidates. In my own practice, over many years, the figure is about 70%. That didn't happen by luck. It comes from searching the full market, holding every candidate to the spec, and not cutting corners on sourcing. To me, it shows that a diverse slate and the best slate aren't competing ideas. Usually, they're the same slate.


The broader research points in the same direction. McKinsey has been studying diversity and company performance for close to a decade. In its 2020 report, companies in the top quartile for gender diversity on their executive teams were about 25% more likely to outperform on profitability, and for ethnic diversity, the figure was 36%. By the 2023 report, the advantage had grown to around 39%, and companies that were strong on both gender and ethnic diversity did best of all.


Leadership teams don't become diverse by accident. They get there because someone made sure the pipeline had range before the first interview was booked. The slate is where that starts.


If you're hiring leaders

Whether you work with a search firm or hire in-house, a few things are worth insisting on. Ask for a diverse slate and treat it as a strategy rather than a gesture. Hold every candidate to the full spec. Look beyond the networks you already know.


Accept that a broader search takes a bit longer and keep track of who ends up on your slates and who you hire, so you can see whether anything is actually changing.

The talent is out there, across every background and community. The real question is whether your search is set up to find it. In my experience, when it is, the diverse slate is almost always the best slate.

Best Regards,


Dwain Celistan

Managing Partner, Inclusive Leadership Practice Leader


+1 312.782.1581

dcelistan@dhrglobal.com

 
 
Recent Client Engagements

Below are a few of the recent searches I am working on. Projects in bold are completed.

Publicly Traded

  • Sr. Director of Talent Management
  • Dir HRBP 

Consumer Goods

  • Plant Manager, China
  • General Manager, China
  • HR Leader, China/ APAC
 
 

Family Owned

  • Head of Commercial 

Nonprofit

  • CFO
 

Private Equity

  • Key Partner Executives (2)
  • President of Shared Services
  • Sr. Director of Accounting
  • Finance Leadership Project
Speaking Engagements

TALI Career Transition: Spoke on job search


Podcast Interview with Bone Leadership


The interview, Pathway to Opportunity for Clark Atlanta MBA students: Provided a presentation on interviews and prep


From Resume to Offer: Interview-Ready Impact and Landing Your Next Leadership Role for NAAIA: Shared insights on effective resumes, cover notes, and interview prep/delivery