Tom Sweeney

It's a coming of age tale….

Archive for September 22nd, 2009

Nortel to auction carrier networks division without initial bid

Posted by sweens on September 22, 2009

By Ottawa Business Journal Staff

Tue, Sep 22, 2009 3:00 PM EST

Nortel Networks Corp. has decided to auction off its carrier networks business and, unlike its previous division sales, is doing it without a “stalking horse” bidder this time.

The ailing telecom firm said its principal operating subsidiary, Nortel Networks Ltd. and its U.S. subsidiary Nortel Networks Inc. are planning to sell by auction the assets of its carrier networks division associated with the development of next-generation packet core network components.

The assets consist of software to support the transfer of data over existing wireless networks and the next generation of wireless communications technology, and include relevant non-patent intellectual property, equipment and other related tangible assets, the company said.

The purchaser will likely also get a non-exclusive licence of relevant patent intellectual property, Nortel added in its release.

The announcement marks the third Nortel business to be sold off since the company filed for bankruptcy protection in early 2009. However, this auction process is slightly different from the previous deals as it does not include an initial “stalking horse” bidder with a firm offer.

Bids will be accepted for the carrier networks business until the deadline of Oct. 16, with the auction to take place two weeks later.

The federal government on Sept. 17 gave the green light to the $1.13-billion sale of Nortel’s wireless business to Ericsson, and the company is now awaiting the final approvals for the $900-million sale of its enterprise solutions division to auction winner Avaya, which was also the “stalking horse” bidder for the business.

http://www.ottawabusinessjournal.com/295481941870324.php

Posted in News | Tagged: , , , , , , , , , , | 1 Comment »

TRANSACTIONAL VS.STRATEGIC RECRUITING: PART 2

Posted by sweens on September 22, 2009

Further to my last blog post, I would like to continue the discussion on the difference between transactional and strategic recruiting, with focus this time on strategic recruiting.

Strategic recruiting is not a numbers game. It is as the terms suggests, strategic. In a strategic recruit the emphasis is on the overall fit of the candidate to the opportunity and non-technical factors are heavily weighted in the overall hiring decision. Where a candidate sees themselves in five years or whether or not they are comfortable leading a team are just as important in a strategic recruit then their technical abilities.

For example, you may have the most technical candidate in front of you, but their communication and leadership skills could be dreadful. This candidate would not be a good fit for a senior developer role where they are going to be required to lead and mentor junior developers. Hiring this candidate is simply setting the candidate up for failure.

I would suggest that when an account manager is ‘taking’ this order from their client, they need to get a lot more detail in terms of what the hiring manager is actually looking for then they would for a position that would be considered a transactional recruit. This step is often a problem between recruiters and account managers and can lead to missed opportunities. Recruiters need to know the soft details for strategic recruits in order to find that true fit candidate.   Knowing these soft details can usually allow a recruiter to screen their candidates in to the opportunity during an interview, rather then having to screen them out.

It usually takes more time to present on a strategic recruit then it does on a transactional recruit as well. This is for many reasons but I would mainly argue that the emphasis is on finding the right candidate and it can take a bit longer to narrow your field down in order to find that one true candidate. I have also found through personal experience that the best candidates for strategic recruits usually come from candidates who are presently working. This means that finding them is done without the use of traditional job boards with a focus on referrals or non-traditional search platforms like LinkedIn. Using these tools usually takes a bit more time to deal with your candidates as they likely are not in a full-out job search.

All in all, both strategic and transactional recruiting can be effective strategies of recruitment. Firms either specialize in both or one over the other. The challenges with both are some clients may want a transactional approach to their open positions where as the recruitment cycle is that of a strategic one (or vice versa). As I said last time, transactional or strategic recruiting can be a product of the location or client base where the office is located and firms who have recruiters in one city recruiting positions in another city should take this into consideration when they look at their recruiting cycles.

Posted in Recruitment | Tagged: , , , , , , , , , , , | 3 Comments »