Use Recruiting to Make Your Competitor Feel Some Pain

by | Nov 9, 2021

Do you think of recruiting as one of your competitive advantages?

Of course, you want to recruit better than your industry peers, but what about inflicting some direct pain on your closest competitors?

Among the broader recruiting industry, this is known as a “hire to hurt” strategy.

Targeting a competitor’s top talent makes you stronger while your competitors simultaneously get weaker. It’s a two-for-one deal.

Who does this?

It’s a surprisingly common practice among the best companies.

A survey of trends at the top 10 firms (on LinkedIn’s most desirable employer list) revealed that increasing their recruiting business impact was their second highest objective of these companies.

Since you’re rigorously contending with other firms on every other front (i.e. what you’re offering the consumer), why not use some of that competitive energy to win the recruiting battle, as well?

A high-performing real estate company’s most valuable assets are the agents they employ.

Take those away and you’re inflicting some real pain.

The Simple Psychology of Real Estate Recruiting [2nd Edition]

Unlock the secrets of effective real estate recruiting. Revised to include actionable frameworks for sharper execution and to help you turn psychological theory into a repeatable recruiting system.

The Attrition Variables

The Attrition Variables

While these attrition constants still have the greatest influence, there are some emerging attrition variables worth noting. People also tend to leave companies when: They feel like they’re not doing as well as others in their peer group outside the company. They feel like they’re not as far along as they should be at a certain point in life.

The Attrition Constants

The Attrition Constants

If you’re not focusing most of your retention effort on these issues, you’ll miss the mark. If you’re not focusing most of your recruiting effort on exploiting these weaknesses among your competitors, you’re missing the best opportunities.

The Persistence Mindset

The Persistence Mindset

A leader equipped with this mindset can have a profound effect on the life and career of each individual they engage. It works because an agent is getting a real-time glimpse of what it would be like to work on your team. But it only becomes believable when it is persistently applied over time.