Research shows that only about 1 in 5 new hires is considered to be unequivocal successes. This is an alarming low rate of success for a process that is essential to an organization’s success!
Why does the hiring process have such a poor success rate? Some key reasons are:
- Overreliance on what the candidate’s resume states
- Failing to properly take into account that a resume is a candidate’s self-created advertisement about themselves & therefore may contain:
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- Elevated job title
- Embellished skill set
- Overstated responsibilities
- Incorrect dates of employment to cover up gaps
- Unclear or overstated educational credentials
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- Failing to properly take into account that a resume is a candidate’s self-created advertisement about themselves & therefore may contain:
- Interviewing & evaluating candidates is not a core competency of hiring managers, and thus they do not know how to effectively:
- Pose questions that produce revealing answers & important insights
- Ask probing follow-up questions to drill down past an initial answer
- Conduct behavioral interviews related to the key elements of past performance that need to be carefully & comprehensively evaluated include:
- Fully assess soft skills, such as professionalism & interpersonal skills
- Determine leadership skills & style, collaboration & teamwork
- Disregarding the old adage that “past performance is the best predictor of future performance” is as true today as ever!
- Assessing a candidate’s past performance requires looking past the accomplishments on their resume by knowing how to probe deeply
- Most companies do not have the internal resources (talent & time) to most effectively:
- Market the opportunity
- Mine for candidates
- Evaluate candidates
- Present a pool of fully qualified candidates to the hiring executive
THE SECRETS TO MAKING BETTER HIRES
- Have a well written job description, which means it not only describes the role’s functions & responsibilities, but also the skills, attributes, & experience needed to be successful
- Review the prior & current job holders to pinpoint what made them successful or caused them to fail.
- Identify a large number of potential candidates – not merely candidates who are actively in the job market, but also those candidates who are receptive despite not actively looking (“passive candidates”)
- In conducting searches for clients, I typically identify a minimum of 50 potential candidates with whom to do an initial screen, & often go through 100 before having determined the slate of candidates to present for client interviews.
- Thoroughly evaluate candidates to determine which ones best match your specifications, including:
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- Competencies
- Cultural compatibility
- Character
- Compensation
- NOTE: From my experience, an alarming number of those involved in the process lack the skills needed to effectively evaluate candidates. In great part, this is due to their:
- 1) Never having been properly taught how to do so
- 2) Having limited experience in the interview & selection process
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- Whenever possible, have multiple individuals participate in the interview & assessment process
- Include individuals from the company functions with which the position most interacts.
- Consider having 2 (or 3 at the most) interviewers do the interview together, which has multiple benefits.
- Have a standardized evaluation tool for completion by each interviewer
- Do so even for those who will not be included in the final selection step.
- Have an open, candid group discussion of candidates (especially those being considered for an employment offer) with all of the appropriate individuals whose input is needed
- Ideally, one individual should serve as the facilitator.
- Utilize assessment tools to improve the selection decision making.
- Examples include those that assess specific competencies, behavioral styles & emotional intelligence.
- Do not end the process until you have a candidate about whom you are excited.
- Hiring mistakes are costly in multiple ways.
Author: Salvatore LoDico
The HR Godfather TM
Senior Partner, Spuhler Associates/Founder & CEO, Trinity HR Consulting, Inc
Spuhler Associates is an experienced, highly successful provider of retained search consulting services for management & executive level positions in multiple industries throughout the U.S.
“ALMOST ANYONE CAN FIND A BLACK & WHITE ZEBRA. WE FIND PINK & PURPLE ONES!”
To schedule a conversation about your needs & how our Team’s expertise can help you, email Sal@spuhlersearch.com or call me at 856.905.1762.
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