Novemeber 2013 Newsletter
Using Character Traits to Save Your Company Money During Recruitment
The industry rule of thumb is that “the wrong person costs your company three times his or her annual salary.” This interesting article details many of the costs associated with hiring the wrong person, some of which you may have overlooked. Most companies have a hard time finding the right employee for the job. There are three common mistakes these companies are making.
First, they hire individuals for what they know, but fire them for who they are.
Second, companies tend to hire employees quickly and fire slowly. Companies should spend time to ensure they hire they right person. But, if they still end up with a candidate who isn’t fit for the job the company should fix this problem as soon as possible, instead of letting the problem grow.
Finally, companies base their decision on previous experiences instead of behavioral traits. Behavioral traits show who the candidate is as a person: what drives them, how they make decisions, how they work and interact with others.
There are no rights or wrongs when dealing with behavioral traits, just natural preference. Each job has its own set of traits that are best suited for that position. Four key traits are:
Human Resource Solutions will be glad to answer any questions you may have regarding this, or any other, employment issue you are having. Contact Us!
The industry rule of thumb is that “the wrong person costs your company three times his or her annual salary.” This interesting article details many of the costs associated with hiring the wrong person, some of which you may have overlooked. Most companies have a hard time finding the right employee for the job. There are three common mistakes these companies are making.
First, they hire individuals for what they know, but fire them for who they are.
Second, companies tend to hire employees quickly and fire slowly. Companies should spend time to ensure they hire they right person. But, if they still end up with a candidate who isn’t fit for the job the company should fix this problem as soon as possible, instead of letting the problem grow.
Finally, companies base their decision on previous experiences instead of behavioral traits. Behavioral traits show who the candidate is as a person: what drives them, how they make decisions, how they work and interact with others.
There are no rights or wrongs when dealing with behavioral traits, just natural preference. Each job has its own set of traits that are best suited for that position. Four key traits are:
- Motivation – what drives the person. Some jobs require people who are motivated by ego, others by ideals or by what’s best for the group.
- Think – how a person gathers information and reaches a decision. One job requires people who are slow and thorough; another needs those who prefer split-second decisions.
- Act – how a person does his or her job. One job may require people who work best alone, while other jobs need those who work best in a group. Some jobs attract people who love variety; other jobs need those who prefer routine.
- Interact – how a person interacts with others. Some jobs need people who are confrontational; another job needs someone who is accommodating.
Human Resource Solutions will be glad to answer any questions you may have regarding this, or any other, employment issue you are having. Contact Us!
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