|
The Hiring & Selection Process
We have found that hiring the right people for
the right job has enormous potential in
resolving
the top three problems for most CEOs: Hiring,
Developing and Retaining the right people.
Hiring is critical given that:
Ø
Demographic trends show a serious shortage of
management and leadership
talent by 2020. Certain areas of the country are
already seeing a brain drain.
Ø
On average, CEOs tell us that 50-60% of their
staff are mediocre performers.
Ø
Employee turnover costs a few weeks pay to many
times the annual salary for
the position.
There are many books on the subject of
hiring—and for good reason. Hiring errors cost
7-9
weeks of pay for an entry-level person, about a
year’s salary for a professional person and
several years’ salary for senior
executives and senior sales people. We do not
present the
following few pages as a complete or thorough
guide to the subject of hiring, but offer it as
a place to begin. STM stands ready with our
assessment tools and experience to support
your hiring process from recruiting through
interviewing, but it is ultimately your decision
to
hire or not to hire the candidate. You must
define and use an appropriate process to
generate
the right outcome every time.
The hiring objective is: Hire the person who
will be successful and stay with us for the long
haul.
Do you agree?
Our experience is that more often the hiring
objective is: Hire the best person who
applies
for the job. Is that wise? Is it possible
the whole group is below par? We frequently
hear:
Just fill the position!
This STM process explores in detail the process
of determining the need to hire an employee,
recruitment, screening of prospective
candidates, conducting the interviewing process,
selecting the appropriate candidate, making a
job offer, and hiring an employee. Not all
of these suggestions will make sense for your
organization, but before dismissing a
recommendation out of hand—consider the impact
on the bottom line of eliminating one
hiring error, or retaining one more employee in
whom you have invested so much time, money
and energy.
|
Welcome to 
