Companies are hiring again! The challenge? Despite all the tools available to help companies hire right the first time, hiring managers continue to rely upon traditional hiring practices or “flavor of the month” hiring gimmicks. Unfortunately, it costs employers thousands of dollars when hiring the wrong person for just a couple of hours! And, can cost millions of dollars when someone is unwilling or incapable of doing the job and the company loses a valuable client or top employee.
These are not new myths. No formal scientific study was conducted. They are simply ones that have withstood the test of time during the past several decades.
Myth #1: It’s cheaper to re-invent the wheel. Many companies falsely believe they can invent their own tools to attract employees due to numerous social media sites. Yet, sole reliance on your own efforts will reduce your ability to attract qualified applicants. Designing your own applicant tracking system can cost 10x to 1000x more money than selecting a top-rated one with the features you need, like SEO (search engine optimization). Keep in mind: Applicants will review the top three listings on page 1, skim pages 2 and 3, and not look at any other pages. While some may argue they don’t want a lot of candidates, picking candidates from a small pool normally means settling for less than the job requires. A well-designed system will provide better applicants for less cost, and allow you to focus your efforts on the best, most likely to succeed candidates.
Myth #2: The perfect candidate exists. Perfection is an illusion. Looking for five “must have” qualities without good decision making tools is a waste of time. Currently, many of us spend less than 6 seconds skimming a resume (or searching for confidential key words); decide “yes or no” within the first 4.3 minutes of an interview; and overlook reference and background checks. How good can our decision-making process be? Top talent will bypass potential employers, if those businesses are unable to understand and follow their own selection system, or use inappropriate tools. Remember, these candidates may be your future clients, vendors and/or suppliers!
Myth #3: I’ll know the person when I meet him/her. Really? Too often we hear, “I can tell the character of a person by looking into the whites of their eyes!” Seriously? If the person does not speak the “hot buttons,” they will not be considered. Many candidates today are well-trained to tell you what you want to hear! It will not make them the right person to achieve the results required to grow your company or keep current clients. Use of qualified assessments (per Department of Labor guidelines) will reduce hiring candidates that simply don’t fit the job, or simply cannot or will not do the job! Review the Technical Manual to ensure proper use.
For additional information on how to hire right the first time: BizSavvyHire.com
For a copy of Testing and Assessment: An Employer’s Guide to Good Practices, U.S. Department of Labor contact JLSeibly@SeibCo.com
Jeannette Seibly is an international business advisor and executive consultant for privately-held companies with revenues of $1MM up to $30MM. She has created million-dollar results for 25 companies, and 3 millionaires!
©Jeannette L. Seibly 2012