HIRING APPROACH
HARVARD BUSINESS SCHOOL SAYS :
“ Your Approach To Hiring Is All Wrong ”
If you ’ re a CEO , HR director or hiring
manager at any level , your biggest headache is bad hires . This article documents how bad hiring is in almost all companies , and I offer proven fixes to the many problems .
Recent Harvard Business School research was reproduced by SHRM , and yes , the title of the article is : “ Your Approach to Hiring is All Wrong .” I add this : Topgraders ’ approach to hiring is not at all wrong , so I quote the article ( bold ) and then explain the Topgrading solutions ( italics ).
BUSINESSES HAVE NEVER DONE AS MUCH HIRING AS THEY DO TODAY . THEY ’ VE NEVER SPENT AS MUCH MONEY DOING IT . AND THEY ’ VE NEVER DONE A WORSE JOB OF IT .
I don ’ t know if it ’ s worse , because since Adam and Eve hiring has been awful . Our research shows only 25 % of people hired in small and big companies turn out to be the high performers CEOs want .
THE BIG PROBLEM WITH ALL THESE NEW PRACTICES IS THAT WE DON ’ T KNOW WHETHER THEY ACTUALLY PRODUCE
SATISFACTORY HIRES . ONLY ABOUT A THIRD OF U . S . COMPANIES REPORT THAT THEY MONITOR WHETHER THEIR HIRING PRACTICES LEAD TO GOOD EMPLOYEES ; FEW OF THEM DO SO CAREFULLY , AND ONLY A MINORITY EVEN TRACK COST PER HIRE AND TIME TO HIRE .
Companies do ROI analyses of everything they buy … except the most important thing : Talent . Topgraders DO measure quality of hire , rigorously . At TopgradingCaseStudies . com dozens of large and small companies improved the percent HIGH performers hired from 36 % to 85 %.
HIRING TALENT REMAINS THE NUMBER ONE CONCERN OF CEOS IN THE MOST RECENT CONFERENCE BOARD ANNUAL SURVEY ; IT ’ S ALSO THE TOP CONCERN OF THE ENTIRE EXECUTIVE SUITE .
Our research shows the same – the # 1 headache in the C suite is bad hires .
EMPLOYERS ARE MISSING THE FOREST FOR THE TREES . OBSESSED WITH NEW TECHNOLOGIES AND DRIVING DOWN COSTS , THEY LARGELY IGNORE THE ULTIMATE GOAL : MAKING THE BEST POSSIBLE HIRES .
Our Topgrading Cost of Mis-hire Form is the most downloaded ( just google it ) and should be used by all companies . Our research shows even at the midmanagement level , a mis-hire costs five times salary plus 200 hours “ wasted .”
ONCE PEOPLE ARE CANDIDATES , THEY MAY NOT BE COMPLETELY HONEST ABOUT THEIR SKILLS OR INTERESTS — BECAUSE THEY WANT TO BE HIRED — AND EMPLOYERS ’ ABILITY TO FIND OUT THE TRUTH IS LIMITED .
Our research shows at least 40 % of resumes and interview responses contain lies . The Topgrading Truth Motivator shows which resumes are accurate and assures honest responses to your interview questions .
BE WARY OF VENDORS BEARING HIGH- TECH GIFTS . ON AVERAGE , COMPANIES GET FIVE TO SEVEN PITCHES EVERY DAY — ALMOST ALL OF THEM ABOUT HIRING — FROM VENDORS USING DATA SCIENCE TO ADDRESS HR ISSUES . THESE VENDORS HAVE ALL SORTS OF COOL SOUNDING ASSESSMENTS , SUCH AS COMPUTER GAMES THAT CAN BE SCORED TO PREDICT WHO WILL BE A
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