The supply of talented individuals, many of whom were trained by some of the world’s most innovative companies, has never been so plentiful or affordable.
Unfortunately, some of the world’s largest companies such as Microsoft, Starbucks, and Caterpillar has had to announce layoffs in the past few years. What that means however is that there are talented employees out there looking for new opportunities.
The time is now to bring trained superstars on board. Please find below the five keys to hiring the right people:
- Identify your current and future internal stars first.
- Align your hiring decisions with your need for current and future talent.
- Temper your expectations; high performance isn’t always portable.
- Don’t let eagerness short circuit your selection process.
- Underpromise and overdeliver.
Remember that promoting from within is important. If you have employees who are looking to get to the next level, it is important not to overlook their goals. If there is an opporunity for them to grow within the company and they are capable, find a way to promote them.
Promoting within is usually less expensive and a lot less risky than hiring from the outside. According to University of Michigan Professor Dave Ulrich, external hires cost about 20-30% more than internal hires.
Don’t buy a Porsche when you need a minivan. The bottom line is it is easy to get enamored with a superstar because of his reputation or employment history, but you need to understand your needs and then fill those roles with the right people at the right pay level.
High performance isn’t always portable. It is imperative that hiring organizations understand that stars, producing top-quality results requires collaboration and flow of information among a network of other top performers. If these stars lack high-quality support and information-sharing with other star colleagues, they will have a harder time maintaining their high level performance.
Don’t skip important steps in the hiring process. Even though leaders might view reference and/or background checks as a bother, if you are going to make a big investment – don’t shortcut this step. Employment experts estimate that nearly one-third of all resumes contain false or exaggerated information.
Under promise and over deliver. If you land a big fish, don’t expect everyone to be thrilled. He or she must be willing to re-earn credibility regardless of their prior accomplishments.
Whatever your business challenge is, we can help you starting today.
Simply click the link below to schedule your free 30 minute, no obligation, phone consultation. We’ll focus on your #1 challenge, and at the end of the call we’ll give you at least one practical strategy so that you can move forward immediately.
Schedule your free 30 minute
business consulting session today!
Or you can follow the link and our business coaches can provide a Complimentary Business Evaluation for your business.
Start increasing your bottom line today.