Never Mis-Hire Again-EVER
If you're doing any amount of hiring, you know how hard it is to understand what people are really like before you hire them.
You try to figure out their character, competency, and attitude but let's face it, it's hard to know how a person acts and thinks based on a couple hour interview.
Bad Hires Cost You Time, Money & Morale
According to the National Business Research Institute (NBRI) depending on the position, a bad hire could set you back anywhere from $25,000 to $300,000.
Researchers examined five main factors to help them estimate the cost of a bad hire:
Loss in productivity
Employment ads for a new hire
And according to an article by the Harvard Business Review as high as 80% of employee turn-over is due to bad hiring decisions.
Hiring the wrong person for any position is an expensive mistake.
Besides the direct costs like salary and benefits, the wrong person racks up indirect costs like decreased productivity, more supervision, and negatively affects the morale of the right employees.
Good Results Come From the Right Employees
No company can grow revenues consistently faster than its ability to get enough of the right people to implement that growth and still become a great company. Packard's Law, David Packard, founder of Hewlett-Packard,
The "right" employee, like the right customer, is the 20% that generates 80% of your revenue, profits and cash flow.
The "right" employee is a major factor in attracting and keeping the right customer.
Most people keep coming back because they have a relationship of trust with someone in your organization.
The cost benefits of attracting and retaining only the best employees which leads to the right customers are driven directly from the relationship between long-term customers interacting with long-term employees and the way they learn from each other.
Motivated ideal employees:
Stay with a business longer
Get to know their customer better
Better service and relationships
Stronger customer loyalty
Increase company's sales, profits and cash flow
You keep hiring the wrong people because you don't have a system to eliminate candidates from the interview process - the ones that don't fit your company.
Even if you have a HR department or a hiring team they may have never thought about what a great employee's strengths would be to fit your company.
Before you even talk to your first candidate or look at a resume you should already have in your mind what you would want in an employee.
How does a great employee think?
How do they treat clients/customers?
What do they do that makes them more ideally suited than an employee that doesn't work for your business?
Create a System to Find What You Want in an Employee.
Now that you have that you can figure out how to design a system to filter themselves out. Sort of a self-weeding garden- questions and processes that will only let the applicants that will fit your business through.
Your job descriptions and job ads should speak to your ideal candidate. Here's Earnest Shackleton's ad for an Antartica expedition in the early 1900's.
Men wanted for hazardous journey. Low wages, bitter cold, long hours of complete darkness. Safe return doubtful. Honor and recognition in event of success.
It may be a little over the top for you and your business but the point is to speak directly to your potential employees about who will fit with your company.
Do you have the right people on the boat to help propel your business where you want to go?
Start the process of finding ideal employees for your business right now by getting the guide "Never Mis-Hire Again -3 Steps to Find and Hire the Best People"
Get your copy of the guide now. Make sure you save the guide to your computer or device so you can refer to it again.
Stop hiring bad employees that cost you time and money.