Tips to avoiding costly Hiring Mistakes
A bad hire can lead to a
number of repercussions like a costly turnover and too much time. It can also
negatively impact the organizational performance of a business and, therefore,
its long term goals.
The Society for Human Resources Management quotes,
Unlike the earlier times when the market competition was low
and it was easy to source quality candidates, it has now become imperative to
create proper hiring strategies and correct implementation to attract, onboard
and retain top talent. Companies that hire students face the condition of turnover only in two cases:
2. Failing to test or research the skills of the candidate
“There are many factors that come into play when determining whether
someone is a suitable candidate, including their skill set and background, as
well as how well they fit within the corporate culture. To avoid the risk of
costly hiring mistakes, there are key steps companies need to take - starting
with getting a clearer picture of who their ideal candidate is.”
Having a good candidate is directly attributed to how
specific business is about what its ideal candidate looks like. Most of the
times, recruiters cast a wide net in hopes that the high caliber candidates
will simply come to them. This does not work. There needs to be a more specific
picture of what that candidate looks like, the exact skill sets he/she should
have and what will be expected of them.
This practice in fact helps both the hiring managers and the
students. Studies have found that the disconnect between the expectations of an
employer and the candidate leads to bad hires. Candidates also reported asking
for more clear instructions as to what the role and responsibilities are.
“Candidates want to know what to expect - both from the position and company,” notes Halverson. “It’s important that they’re able to get a clear understanding of what working for a company would be like before applying - let alone committing - to a job.”
Most often, hiring in entry level jobs are influenced by personal perceptions which in turn lead to hiring blunders going forward. Lou Adler also explained the same in a LinkedIn article. To cut this out, Organizations should clearly define roles and responsibilities, as well as the required skill-set for undertaking those responsibilities - not just which ones they require, but why and how they will be utilized on the job. Moreover, the success of those skills also needs to be tracked.
“By outlining the attributes, characteristics and duties of the candidate ahead of time, employers will be better positioned to hire someone who fits the bill,” says Halverson.
Such ingredients are needed to create a
performance-preferred job description which enables employers to minimize bias
attributed to a lack of context and, in turn, reduce their risk of making
costly hiring mistakes.
Moreover, there are online assessment platforms in India which help Companies to hire job-ready
HireMee is one such platform which is trusted by 3800+
colleges and 2100+ corporate. It offers 100% customization of the test platform
and the content. You can also schedule the test by sending a test invitation to
candidates at a time you want. It supports all major types of tests like MCQs,
Fill Ups, True/False, Essay writing and even has a hands-on coding simulator
where you can test a student's coding abilities. With advanced AI-proctoring to
ensure test integrity and Real-time reports (HTML/PDF/Excel sheets), HireMee
ensures you get to choose only job-ready candidates.
Let us know what you think about the tips discussed in this article.