Have you ever been disappointed in a “can’t miss” hire? You’re in good company. The national average for successful hires is about 48% but that statistic can be improved by following a few simple principles.
But first, why fight it? Isn’t turnover inevitable, so perhaps we should just get used to the whole hiring – separation process?
In addition to the financial cost of turnover (about 1-1/2 times the employee’s salary), there’s an additional cost in remaining employees’ morale and stress to the manager or business owner wondering where the time will come from to train yet one more employee in “the way we do it”.
Part of the problem is that most managers hire on knowledge and skill first. However, the number one predictor of a successful hire is energy, the applicant’s love for learning and being busy.
It’s critical to have the right people for your performance team. Consider Jim Collins’ comment, “…if you have the right people on your bus, you don’t need to worry about motivating them. The right people are self-motivated“.
We’ve been able to help a number of companies change their approach to recruiting to where they’ve a staff with which they can build a solid future.
Isn’t it time to talk?