Two words – Bottom Line.
These two words are why hiring the right person the first time is so crucial. Every new employee you hire can either positively or negatively impact your bottom line. The employee can either enable the company to grow and prosper or slow the organization down.
Figuring out how to hire the right person more efficiently is critical. Did you know that 50 percent of outside hires for senior positions fail within 18 months on the job? And 25 percent of the working population undergoes career changes annually?
Hiring doesn’t have to be hit or miss, and developing the right selection process and hiring strategy can ultimately ensure that you are selecting the best person for the job the first time.
- Hiring is both a science and an art. The idea is to add as much science as possible to the process.
- Incorporate processes that address 3 criteria (1) Position Specific Leadership Skills, (2) Cultural Fit, (3) Position Specific Skills, Education & Experience.
- Ensure each of these criteria are fully defined and relevant to the success of the position.
- Incorporate a competency assessment into the hiring process.