The need to find a replacement is one of the many reasons losing a valuable employee is so difficult. Hiring people is almost a coin toss because you could be lucky and find someone great or be unlucky and have the exact opposite happen. So there is a lot riding on how well you execute this task. Because they employed the wrong person, companies throw a lot of money out the window each year. While there are lots of reasons for this to occur, the fault usually lies with the employer. While candidates can lie, the company should be responsible for checking everything. In the end, hiring people successfully is on you.
Most people and employers automatically think of interviewing when it comes to hiring people. That is just a vestige of what was done for many decades if not centuries. The good news is that the research shows that interviewing isn’t as important a part of the process as we used to think. When it comes to your open position, you might want to select the best candidate. To accomplish this goal, you need to think of interviewing as a simple cog in the wheel of your total hiring process. There is too much room for error in judgment when you rely solely on interviews. Plus we all know that everyone wants to put their best foot forward.
The costs of hiring the wrong person are enormous over time. The scary thing is that a lot of companies have been found guilty of doing this. Getting the best employees is not possible to do because no one has the right skill set to do it.
Also, you have to consider that replacing a bad hire is very costly in terms of both time and money. Now imagine the cost if you have a high turnover rate. If you do have a high turnover rate than you have to look at your hiring process plus your own business. The best thing to do is to hire a competent hiring company that take care of this for you.
Wherever the exchange of value happens, you need to make sure that the offer you are making is a solid one. If you don’t buy something it is most likely because it wasn’t an offer that you felt was good enough. At the end of your deal, however, you’ll be making a major offer of employment that will be based pretty much on salary. Obviously, there are other things that will be included as well. It’s really all about the offer, so if you need the best of the best for your company, your money needs to be where your mouth is. This is an aspect of hiring new employees that lots of businesses don’t focus on properly. The benefits to your company when you make a successful hire that proves to be the right person for the job are tremendous. People like this are assets for your business long into the future. The opposite is the likely outcome when you don’t get the hiring process right. That is why you must take the hiring process very seriously and get it right.