Growth5 Blog

Wednesday, July 29, 2009

Is Hiring Easier Right Now? Not Really

This Entrepreneur article titled, Find the Right Person in 6 Steps brings up some good points about hiring in today's economic environment. The article points out that just because there are more applicants for each position you post, it doesn't mean any of them are the right person for the job.

"...hiring the right person is more important than ever. A single bad hire can cost between $60,000 and $120,000--that’s not exactly the way you want to spend precious dollars in a difficult market."

Here are the six steps for finding the right person:
1. Define the requirements carefully. It’s important to detail the specific job requirements and desired personal characteristics. Needless to say, it’s also critical to determine if the candidate will be a cultural fit as well.

2. Look for repeated patterns of success. Find the applicants who have repeatedly made a mark and exceeded expectations, time and time again. Drill down in the interview to ask those questions; find out how they measure their own success and whether their employment history tells a story of a superstar.

3. It’s the network. You should rely on inbound candidates even less than you ever have. Your friends and their friends know the fantastic players who are searching for their next opportunity; tap into them and save yourself a lot of paper time.

4. Find a recruiting platform that allows for pre-screening. Use a recruiting system with pre-screening questions and candidate rating capabilities. This allows you to focus on the exact capabilities you need and only review the candidates who have passed the initial screening, saving yourself massive amounts of time.

5. It’s still about the passive seekers. If there's someone you meet an event but is working elsewhere, see what you can do to bring them aboard. The reality is, the truly premium talent is still scarce, and always will be. If your bar for talent is as obscenely high, passive seekers can make or break your search.

6. Don’t settle. These tips work in both a good and lousy economy. But let’s be honest: When the good times roll, it’s easier to find someone and say “good enough.” But in a down economy, you should never do this. Take the time you need to find the right candidate, either active or passive, and make the right hire.
Related: Interesting article from This is going to be BIG on if it makes sense to pay for job postings anymore ("post and pray"), how social network profiles are a great place to start your search, Craigslist, Indeed.com, etc...

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