Is your hiring process helping or harming the organization?
Many a times when there is an issue with an employee, people blame it on the employee and do not realize that their hiring process could be the root cause.
It has been demonstrated by research, that even the best interview techniques; only provide a 50-60% (or lower) chance of hiring the right person for the job, or a person who will perform all required tasks according to the standards required.
Not hiring the right/best person can have a number of drawbacks, such as:
- Poor employee performance
- A disgruntled employee
- Unsettling influence on other staff
- Higher turnover
- Wasteful expenditure (e.g. training an employee who will leave soon)
- And finally, lower performance and profit for the organization.
The importance for companies to hire the right people for the right jobs and then retain them cannot be overstressed. This leads to happier and more productive employees and a high performance organization. In current times, it is even more important to have a proper process in place, to make sure you are hiring people who are right for job and your company.
Companies can enhance their recruitment by incorporating additional elements, such as structured and behavior based interviews, proper job and culture profiling, psychometrics, assessments centers and work sample exercises. The additional cost of implementing some of these methods will typically be small compared to the benefits from making better hiring decisions and having a company filled with the type of people you want.
Guest post from Amit Puri, Managing Consultant at SandboxAdvisors.com. He has over 10 years of business, career services and HR related experience, with companies such as Bain & Co, Morgan Stanley and Citigroup. Sandbox Advisors is based in Singapore and provides career management and HR consulting services in Asia.
Courtesy of the Recruiting Blogswap, a content exchange service sponsored by CollegeRecruiter.com, a leading site for college students looking for internships and recent graduates seeking entry-level jobs and other career opportunities, and posted on HRM Practices and Notes.
