Posts tagged "hiring mistakes"
What’s sabotaging your growth?
Driving profitable growth is at the top of every leader’s priority list. Yet, according to Bain and Company, only 10% succeed in achieving sustainable profitable growth.
While growth is the life-blood of every business, at some point, your company will experience the double edge sword of growth.
Either your company will grow faster than your internal capacity to handle it. Chaos, breakdowns and burnout are the result.
Your company hits a wall and growth flattens. As a result, panic often sets in and leaders make rash decisions – either prolonging the stall or causing the company to spiral downward.
One CEO Spills the Beans
As mentioned in our article “The Shocking Costs of Hiring Mistakes … And The Secrets to Avoiding Them,“ too many hiring decisions are based solely on past experience and current skills without any regard to the real drivers - – mindset and “fit” – – of top performance.
With permission to reprint his article “Hire for Will; Teach the Skill,” Ron Alvesteffer, CEO, SEI Service Express, Inc., shares how his company hires top-performing employees – – his secret to achieving SEI growth goals and cultivating an exceptional organizational culture. Enjoy his wisdom!
(Reprinted with permission from March 27, 2013)
Hire The Will; Teach the Skill
by Ron Alvesteffer
It’s a phrase I often use with leaders at SEI, particularly when they’re recruiting for talent at our organization.
… And The Secrets to Avoiding Them
One costly hiring mistake that I have observed with leaders is the unconscious avoidance, denial and/or toleration of under-performing employees.
Shocking costs of hiring mistakes
More commonly known as the cost of a mis-hire.
According to Tony Hsieh, CEO, Zappos, hiring mistakes have cost his company as much as $100 million! That’s alot of dollars immediately subtracted from the bottomline.
For many companies, that one mistake can make the difference between surviving and thriving, between mediocrity and high performance. Mis-hires and under-performing employees are the #1 profit leak in companies today.
Why Does This Issue Perpetuate Unknowingly in Many Companies?