Posts Tagged Hiring Decisions

Back to Hiring Basics: Benchmark How and Why the Top 25% Change Jobs

Back to Hiring Basics: Benchmark How and Why the Top 25% Change Jobs

It turns out that anyone can be in the top 25% with the right job, the right company, and the right hiring manager. But this is a rare event despite having spent $400-500 billion in job postings and HR tech in the past 25 years in the hope of matching the perfect job with the perfect candidate.

Continue Reading →

Posted in: Assessing Soft Skills, Current Articles, Recruiting & Closing, Talent Strategy

Leave a Comment (0) →

Chapter 4 - Developing a Bias-Free Hiring Process

Chapter 4 - Developing a Bias-Free Hiring Process

This chapter is about controlling interviewer bias. It is the most important chapter in the book since more hiring mistakes are made due to bias than any other cause. In fact, if you read only this chapter before conducting another interview and use these techniques for overcoming bias, you'll reduce you're hiring mistakes by at least 50%. (See graphic below.)

Continue Reading →

Posted in: Assessing Soft Skills, Controlling Bias

Leave a Comment (0) →

Performance-based Hiring is Win-Win Hiring

Performance-based Hiring is Win-Win Hiring

As part of the fourth edition of Hire with Your Head (Wiley, September 2021) we’re starting a unique book club for those who pre-order the book. Over the next several weeks I’ll be highlighting different themes from the book. This week focuses on the idea of hiring for the long-term rather than the start date in order to achieve consistent Win-Win Hiring outcomes.

Continue Reading →

Posted in: Controlling Bias, Current Articles, Diversity Hiring

Leave a Comment (0) →

This 2-Question BEST Test Beats DiSC, MBTI and PI

This 2-Question BEST Test Beats DiSC, MBTI and PI

Back in the ‘80s I took my first DiSC personality assessment and its cousin, the Predictive Index (PI). Like the Myers-Briggs type indicator (MBTI), these types of assessments involve a series of either/or questions like, “Would you rather attend a beer bust or do root cause analysis?” The DiSC and PI tests concluded I liked to persuade people with a hammer and that I was a weak analyst.

Continue Reading →

Posted in: Assessing Soft Skills, Talent Strategy

Leave a Comment (0) →

4 Clues That You’re About to Make a Bad-Hiring Decision

4 Clues That You’re About to Make a Bad-Hiring Decision

The cost of your company’s bad hiring decisions can be staggering. To calculate this cost, I tell my clients to add the first-year turnover rate to the percentage of people who the company wouldn’t rehire. This number is your company’s Bad Hiring Rate (BHR). Next, I ask them to multiply the BHR with the total increase in payroll for new hires to calculate the cost of bad hiring decisions at your company.

Continue Reading →

Posted in: Performance-based Interview, Talent Strategy

Leave a Comment (0) →

How to Calculate the Cost of Bad Hiring Decisions — and Avoid Them in the Future

How to Calculate the Cost of Bad Hiring Decisions — and Avoid Them in the Future

While inquiring about the status of a hiring manager interview training proposal, a client told me she would get back to me as soon as they got their budget approved for next year. As part of our discussion, I asked how much they included in their budget for bad hires.

My client’s answer was that she hadn’t given this much thought, but she was intrigued by the idea. She also asked how she could figure out the cost of bad hires since it was an obvious and recurring cost, but one that was hard to put a number to. Some of the cost was taken by the legal department, but most of it was in lost performance and hard to even begin to calculate.

Continue Reading →

Posted in: Passive Candidate Recruiting, Quality of Hire

Leave a Comment (0) →