There are hundreds of books on how to write resumes, but only few on how to actually review resumes. Here are some quick tips that will dramatically improve your resume evaluation skills.

1.) Be critical. An objective yet critical eye is imperative to evaluating resumes properly.  A resume is a basic tool for making an initial assessment and for identifying some of the key points that require further investigation.  If you accept everything as fact, you will never identify the points you need to probe in an interview nor will you really know which resumes stand out and which ones are filled with subtle red-flags.

When data is presented, ask how the 25% improvement in on-time performance was achieved? What specifically did the candidate have to do with achieving these results?  How was the turn-over rate reduced from 33% to 17% and again, how specifically was the candidate involved in achieving these results?

2.) Dismiss subjective assertions. If you want to test a resume for substance,  make a copy of the resume and use a red pen and strike out every unsubstantiated assertion.  If the copy is filled with red ink, it’s a good indication that this individual is sharing little substance and is hoping to trick you with a load of self-serving comments.  As a training exercise go through the following summary from a sample resume and simply strike every assertion that is based solely on the writer’s own perception.

Competitive, pragmatic and responsive Sales & Marketing management executive with a proven track record of success. Creative & persistent problem-solver who thrives on challenges, excels under pressure and gets the job done. Bright, bottom-line oriented team builder who possesses outstanding interpersonal and excellent communication skills. Hands-on leader and catalyst, organized & thorough planner, and capable negotiator especially effective dealing with senior management. Accustomed to a fast pace & multiple projects while consistently maximizing business opportunities, relationships and profits.

What do you have left?  If you say “absolutely nothing except that this person is likely a sales & marketing executive” you are correct.  The biggest mistake is to trust resumes like this.  Such resumes provide far less information than meets the eye. Well meaning, but untrained resume reviewers will believe they’ve got a star on their hands, when in fact such information should lead to greater scrutiny instead.

The best resumes share one secret ingredient.  They provide information and data that allows the reviewer to make the very assertions the writer wants to make - instead of them being spoon fed.  It’s very powerful when a reviewer can make the very assertions the writer was hoping to make. Why? Because people rarely disagree with their own assertions.  So having a reviewer make wonderful assertions about a candidate is far better than the candidate making them.

3.) List all questions and doubts. As you review a resume look for any points that create doubt, confusion, uncertainty, and misgivings.  These feelings point you to the very issues that need to be probed.  Do not sweep them aside. Too often hiring managers set aside lingering questions and/or doubts.  The candidate has created these feelings and you deserve to have them cleared up.  A poorly written resume will provide you with plenty to evaluate, if you still want to interview the candidate that is.   Don’t be satisfied with anything less than satisfactory explanations.

When possible, get additional feedback and verification, potentially from third parties if it can be done discretely and without exposing the candidate.  If nothing else, have the candidate provide references and contact these individuals to probe the issues you need clarity on.  They will provide an additional data point.

4.) Look for hard data. A resume should be non-fiction.  It should rest largely on data, details, and information that can be verified.  For instance, “managed a division of 2,000 employees” is something that typically should be easy to verify. An “MBA and experience with a start-up” are also things that can be verified.  As is “a 25% growth in revenue over 12 months.” Such concrete information should make up the bulk  of a resume.

5.) Find one glaring falsehood and you’re likely to find several more. When a candidate claimed he had been conferred a Bachelor’s degree from UCLA and it proved to be false, we combed through the rest of the resume and found out he had never worked at one company he claimed to have worked, and in another instance held only a Director title while his resume claimed he had been a Vice President.  It’s always good to verify a few easily verifiable points, such as the educational degrees.   If anything comes back fishy - it’s good to dig deeper or pass on the candidate entirely.

6.) Read the story behind the story. Often resumes have an underlying theme. Typically it’s a theme that seeks to address concerns or insecurities the candidate has about them self.  A resume that cites all kinds of education but where there is no discernible degree may be trying to hide a lack of education or an insecurity about their intellectual abilities.

A resume that fails to give the year of college graduation and starts with a Director position 15 years ago, is hiding something as well.  Most people will think the candidate is trying to conceal their age, which is immaterial.  However, the candidate may actually be hiding the fact they have plateaued. In one such instance, we learned that the candidate had 29 years of work experience but had never held a title beyond Director.  This is a red-flag that has nothing to do with age.  It goes to the question if they are capable of handling a Vice President position and if not, why not?  The missing information obscures a potential weakness that needs to be evaluated.  Without a full background this potential red-flag may have been missed.

Another example are dates of employment that are seamless by year only.  This can potentially hide involuntary departures or significant gaps of time between employment.  Of course such circumstances occur, but a confident professional is not afraid to explain the circumstances surrounding each departure.

The key is to determine that such employment gaps were not the norm.  A candidate attempting to hide such gaps is potentially hiding the fact that such gaps were more frequent and possibly hiding something material, such as a drug dependency, illegal behavior, inability to get along with other co-workers, incompetence, etc.  If you can identify an underlying theme it will typically point you to areas that deserve greater scrutiny.

7.) Grade the degree of clarity and focus, as well as the quality of the overall presentation. A resume communicates much more than a person’s background.  It exposes how well a person presents themselves in writing.  How well they know themselves.  Is the resume easy to read, well organized, displayed in a comfortable and logical format? Is the information substantive or hollow fluff?

It’s so important to glean more than the information the writer is trying to sell you.  This document is an example of how well this person organizes their thoughts, conveys their points, communicates with others, as well as, how well the candidate knows them self and how confident they are in sharing who they are.

8.) Play devil’s advocate. Just in case your assumptions about a person are wrong. Try and find evidence to the contrary.  Also seek independent references where possible.  A reference might be able to address some of your concerns.  It’s amazing how a strong, objective reference can either solidify your initial feelings or get you to look at the candidate in a completely different light.

One key skill to reviewing resumes is to always be open to the possibility you’re assumptions are wrong.  You set yourself up for disaster if you do nothing more than make a quick assessment and then only look for evidence that matches your incorrect assumption.  Be objective as you gather additional information.

Allow the information to guide you to wherever it takes you. Ultimately it’s about getting it right, not you being right.

Financial markets are in turmoil and the credit crisis is creating economic havoc. Credit has tightened to the point that even good companies are finding it nearly impossible to get the necessary credit to run their day-to-day business. While this scenario is playing out in the capital markets a similar crisis is developing in human capital markets.

Talent more crucial than ever

Cash may be king, but when it comes to human capital - talent is king. And in bad times, talent is even more important. Talent has become the key differentiator between success and failure.  Ultimately, companies without sufficient talent will fail.

Yet companies looking to fill key leadership positions are finding it ever more difficult to locate and attract serious talent. This is a systemic problem that has developed over decades. Without an immediate, concerted effort to remedy this situation, many companies will find it impossible to attract the necessary talent and will fall into downward cycle to a place called “mediocrity.”  Once there, companies will be in a constant battle to just hang on.  Victims of a profound talent squeeze. The only cure for individual companies is an intense focus on talent acquisition, talent development, and talent retention. And it must begin now!

Demand is up, supply is down, it’s that simple

The need for talent has grown dramatically as the global economy has expanded. But little has been done to replenish or grow the talent pool. In some industries and job functions the talent pool has been diluted to the point of crisis. And this situation will only get worse. Just one example is the lack of sufficient, talented, aviation and aerospace engineers. Across the board, companies are finding it difficult to fill key engineering leadership positions.

It’s gotten to the point where a decreasing number of talented engineering executives are simply being shuffled around, while nothing is being done to rectify the lack of engineering management talent. Recently Airbus announced it finds itself unable (shockingly!) to find sufficient qualified engineers and engineering managers within the EU and that it is engaging in a global effort to recruit talent from around the world.

What happened?

Talent dilution! And talent dilution coincided directly with advancements in transportation and telecommunications that made executives extremely mobile.  In 1959 when the first passenger “jet” aircraft took to the air in North America, the executive search business was a tiny cottage industry. Twenty years later when over 2,400 jet passenger aircraft were flying over North America, the search business had turned into a billion dollar industry.  Twenty five years later, with 3,500 jet aircraft flying in the skies, the executive search industry had grown to over $7 billion in annual revenue.

Connect the dots

As it became easier and easier to poach talented executives, companies became weary of needlessly training talent for fear of losing them to competitors. In the spirit of “if you can’t beat them, join them” many companies began cutting their investment in talent development and over time, relied more and more on external recruiting to fill leadership roles.

This trend was only exacerbated when corporations began aggressively cutting extraneous costs. Let’s face it, costs that aren’t directly enhancing profits inevitably become expendable.

Even companies that rarely use executive search began slashing development budgets, thus putting their companies in a precarious situation. It’s just not sustainable to rely almost entirely on internal promotions while simultaneously cutting development efforts. Over time, fewer and fewer positions are filled with real talent. Instead positions are filled with long time, well connected bureaucrats relying exclusively on their relationships rather than their talent.

For companies that do rely heavily on external recruiting and no longer produce talent in-house means these companies have willingly sacrificed their self-reliance.

While the shift to external recruiting has worked reasonably well for several decades; today the need for talent outstrips supply. Without replenishing the talent pool, there just aren’t enough talented executives to go around. And companies need to adapt.

Act now!

Companies are gambling with their future if they do not act. There are a number of things companies must start doing now:

1. Shore up the talent. Good enough just isn’t anymore. And companies cannot rely on the open market indefinitely to recruit talent. So get the talent you can, while you can.
2. Make mentoring and coaching skills a key requirement for all executive hires. These are unique skills that not all of us possess. Great executives with mentoring skills will help grow and groom other talented executives. This is only possible if a serious focus is placed on such competencies during the recruitment phase. Unfortunately, when talented executives without mentoring skills leave, companies are typically forced to go outside for replacements because nobody was groomed to take over. This is a travesty.
3. Adjust to the rising cost of talent. The cost of talent today is a bargain compared to what it will cost when talent becomes even more scarce.  The market determines the rate for talent, not a company’s internal salary scale.  Companies need to refocus their compensation parameters from a simple cost consideration to a value consideration. Get comfortable paying people commensurate to the value they provide the company.
4. Start investing more time, effort, and money on internal development.  Just putting a high-level priority on grooming talent can create a fundamental shift in the amount of time and effort spent on such activities. And recruiting and elevating natural mentors is a very efficient way to grow talent.
5. Talent retention is imperative. Everyone knows that it’s much easier to hold on to an existing customer, than it is to gain a new customer. So too with talent.  Acquiring new talent is much more difficult.  So work hard to keep talented executives motivated, challenged, well compensated, with a real opportunity for advancement.

It wasn’t so long ago when companies would throw gobs of money into developing managers. Management training programs, job rotations, international assignments, institutional mentor programs, education assistance - all were once common. Over the years many companies have pared down such programs due to the inherent high costs and in part to keep other companies from poaching these expensively, well trained executives.

Why stress? We’ll find talent on the open market

It just seems easier to go on the open market and recruit people who already have the requisite experience and expertise. And that has worked reasonably well for decades - but as the demand for talent has risen and the number of talented executives has shrunk it’s become harder and more costly to recruit talent on the open market.

The pendulum is shifting and the importance of developing talent internally is growing. There are benefits to developing managers that goes beyond a well trained executive - development is becoming a recruiting tool. How? Great talent is looking to grow. They want to learn and develop new skills and gain necessary experiences.

Talent wants more than money and a title

In many cases, money and title alone are no longer enough to draw talent. Joining a company that offers great development opportunities is a huge draw for talented individuals. Creating a development minded environment will draw motivated and talented people to your organization, while repelling those that aren’t. For companies and driven professionals, it’s a win-win.

The real question is how do companies create development programs that are both effective yet cost efficient? Of course the simplest solution is to bite the bullet and throw money at the problem. However, the reality is that a good chunk of the work developing talent does not require expensive training programs, but rather “attention” and “time” from talented superiors.

The value of natural mentors

While costly training and education programs should continue to be performed selectively, many development needs can be met with a powerful yet cheap method, one that many companies seem oblivious to – that being naturally gifted mentors. No doubt every company should work tirelessly to encourage mentoring. Yet, most companies have few if any exceptional mentors and natural mentoring skills aren’t easy to learn.

Case in point. I know a truly exceptional senior executive working for an international corporation who really understands how to motivate, lead, and grow people. She has a knack for identifying talent and giving them challenges that allow them to grow. She informally advises and counsels many staff members on an ongoing basis. Much of what she does comes naturally to her. She treats people like she wants to be treated, she gives people opportunity to tackle challenges, similar to the way she was exposed to challenges along the way. Most of all she is willing to take risks and give her direct reports duties that her peers would never give up.

After being voted the company’s most admired manager several years in a row, the company was anxious to figure out how she did it. So in typical corporate fashion they had industrial engineers tagging her every step. Thinking all along that there was some magic bullet. Something they could institutionalize. She laughed as she told me…it’s really so simple, but for it to be credible with the company it has to be complex.

Don’t take their word for it

One surefire way to develop internal mentoring capabilities is is to diligently push for external hires to possess good mentoring skills. During interviews don’t just take the word of the candidates. Seek specific examples and then follow up with in depth references.

Obtain concrete information about how well an individual actually mentors people. How many direct reports have been promoted? How many have been recruited to bigger positions elsewhere? How long were those individuals under the sponsorship of your candidate? Have positive results within your candidate’s organization correlated with the development of key staff? How do the more talented staff members assess their boss’ mentoring skills? Can these staff members provide concrete examples that shed light on their boss’ mentoring skills?

Skills that keep on giving

Good, natural mentors possess valuable traits - they are good communicators, willing to share insights and give people chances, confident to hand over important work to direct reports and junior staff members, know how to provide constructive criticism and active support, and care deeply about the welfare of those who work for them. These people have qualities akin to teachers and coaches. And these are skills that companies would be wise to add to the requirements for most key vacancies.

When you have people like this in your organization it’s amazing how much developing is going on that doesn’t cost the company a dime. It’s just a natural part of the way such people work. From my experience, such people also rub off on the people they mentor. In other words, good mentors seem to create good mentors in the process.

Unfortunately, mentoring skills are usually the last thing companies look for when hiring key executives. Yet, there is never a better and faster way to develop important competencies as when a company is filling a vacancy. Ensuring that openings are filled, not only with talented professionals, but ones who have strong, natural, almost instinctive, mentoring skills is important and over time will reduce the need to go to the open market to bring in talent.

The writing is on the wall

Companies can no longer rely solely on the open market to supply all the talent necessary to propel a company forward. Companies must focus on developing more people internally. Bringing talented mentors into the organization will go a long way to ensure that existing employees with potential are properly developed and prepared to fill key vacancies. It’s time to create balance between external recruiting and internal promotions…and the key is to develop potential from within.