Many a times when there is an issue with an employee, people blame it on the employee and do not realise 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:
Ø Poor employee performance
Ø A disgruntled employee
Ø Unsettling influence on other staff
Ø Higher turnover
Ø Wasteful expenditure (e.g. training an employee who will leave soon)
Ø And finally, lower performance and profit for the organisation
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 organisation. 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 behaviour based interviews, proper job and culture profiling, psychometrics, assessments centres 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.
Source: Sandbox Advisors
