The US-based mobile security solutions company Location Labs boasts of 95% retention rate. It shows that it is doing an amazing job of hiring the right employees.
Location Labs is, of course, an exceptional case. Hiring disasters are not uncommon, and honestly, there is no spot-on trick for avoiding so. Nevertheless, you need to be careful while hiring your talent. Or else, your manpower cost could skyrocket. A Society for Human Resources Management (SHRM) study reveals that the true cost of a bad hire is as much as five times the person’s salary!
Here are 5 tips which could help you to hire the right fit for your organisation.
List Your Expectations in a Job Description
What position(s) you want to fill? What qualifications, skills, experience and qualities do you expect for this position? What would be the employee’s duties and responsibilities? What outcomes would he be required to deliver? What would be the appropriate compensation package? A job description would answer all these questions for you as well as the candidate. It will align your expectations to the candidate’s expectations and will attract only those who fit into the criteria.
Improve Hiring Precision with a Pre-screening Assessment
Now that you have a list of potential employees in the convergence of the job description, it is also equally imperative to conduct a pre-screening evaluation. Remember, what you see on the paper (resume) is not necessarily what you need (the right fit). A quick phone interview would give you a fair idea about the candidate’s communication skills, attitude and personality, which resumes can’t tell. This way, you can eliminate a few more unfits. FULL ARTICLE