Hiring is not like ticking off boxes, you must find a candidate which can align with your company’s values and mission. It’s all about getting a like-minded ally for your brand.
Bad hires may lead to slow production, issues with coworkers and untold headaches. This will also impact your company financially. Below are some eye-opening stats on which I want to draw your attention before moving ahead.
- Bad hires can lead to loss equivalent to 30% of an employee’s first year salary.
- 41% of companies have experienced a loss of around $25,000 due to bad hire.
- As per Harvard Business Review, 23% of new employees leave the organization within a year. This also comes under bad hire.
Mistake#1: Neglecting references
You must contact the references given by the candidate to know more about that person’s experience and skills. Talking with someone connected with a candidate’s life will also let you know about his or her match with your work culture. Ask candidates about their references and spend some time checking them. You can also check the educational background of the candidates with these references to cross-check them in the resume. References can also give you either positive or negative reviews to help you in making decisions.Mistake#2: Failing to conduct a phone interview
Increase the efficiency of your hiring process through pre-interviews. Such phone calls can cut down some candidates which don’t match with your company’s profile. You can inquire about resume details or candidates’ ability over these calls. Below are some of the questions you may ask during pre-interview.- Can you let me know about your current and previous company roles and how they have prepared you for this role?
- What type of management and work environment do you prefer?
- Are you currently giving interviews with any other company?
- When can you start if you are hired?
Mistake#3: Writing vague and misleading job descriptions
Your job description should clearly reflect the kind of work and skills a candidates should have. This ensures that only suitable candidate will apply for the job. Use keywords which are suitable for the position and industry in the description section. You can also mention the knowledge about certain tools, software or exact certification you expect from the candidate. An effective job description must include:- Job title and its purpose
- Primary roles and responsibilities
- Desired qualification
- Required and preferred skills
- Working conditions
Mistake#4: Speeding up the selection process
This is another big reason for hiring the wrong employee. It usually happens when an employer has the mindset that somebody is better than nobody. This is especially true for start-ups, as they always remain in a rush to hire employees, due to lack of resources. Invest some time in vetting applications, take your time in interviewing resources and check whether their skills match with the company’s profile. You can also go with a second round of interview if needed.Mistake#5: Narrowing search limits
You must expand your hiring search on multiple platforms for a diverse selection of candidates. Through wider search your company can gain a diverse perspective and can get candidates with skills which can match with your brand. Firstly you must advertise the opening internally within your company to allow internal applications for transfer or advancement. Then you can go for any referral through your team members. Finally advertise about the vacancy on various social media platforms, forums, newspapers etc. To increase the diversity in organization you must consider the following factors:- Industry experience of candidate
- Resource education level
- Race of candidate
- Gender