Politicians vs. Leadership
Politicians are not the best role models. But, because of TV and social media we can watch and learn from their mistakes. The world would be a better place if politicians remembered these leadership principles.
- Tunnel vision – do not surround yourself with people who only think like you. Add diversity to broaden your scope.
- Likeability – you cannot always be the nicest person in the room.
- Decisions – do not let your ego get in the way of a good decision.
- Trust – if your team does not trust you, then you are just a bully.
- Followers – 20-30% of the people will follow anyone.
- Communications – talk is cheap – action pays the bills.
- Respect – it is earned over many years but can be lost in seconds.
- Leadership – lying and creating fear is not leadership. It is chaos.
- Courage – make tough decisions even if it means losing some of your status.
- Integrity – stand up for what you believe. Be the role model you want your children to respect.
Questions for Managers
Quick hiring decisions often have huge consequences on management time, money, employee engagement, absenteeism, safety, turnover and more.
Five questions a manager should answer BEFORE making any hiring decision.
- Will this candidate add talent to the team?
- Will the candidate take ownership of their job responsibilities?
- Will this candidate get along with the other team members?
- Given my management style, can I manage this candidate?
- If hired, how will I help this candidate learn, grow, and succeed – quickly?
- The new hire will have a better chance of fitting into your team’s culture.
- More time leading the team and less time trying to fix a poor hiring decision.
- Less turnover and more employee engagement.
Write your answers down and refer to them as needed. Excellent opportunity to improve your hiring skills.
Cost of a Bad Hire
The cost of a bad hire can be significant, both in terms of financial losses and the damage to a company’s reputation. According to the U.S. Department of Labor, the average cost of a bad hire is up to 30% of the employee’s first-year earnings. This means that for an employee who earns $50,000 per year, the cost of a bad hire could be as high as $15,000.
- Direct costs: These costs include the salary and benefits paid to the employee, as well as the cost of recruiting and hiring a replacement.
- Indirect costs: These costs include the loss of productivity, the damage to morale, and the cost of legal fees.
- Opportunity costs: These costs include the loss of potential sales or revenue that could have been generated by a qualified employee.
The cost of a bad hire can be even higher in certain areas, such as sales or customer service. In those areas, a bad hire can have a direct impact on the bottom line. For example, a poor salesperson could lose sales, or a bad customer service representative could damage your customer relationships.
There are a number of things that employers can do to reduce the risk of hiring a bad hire. These include:
- Use a structured hiring process: This process should include a thorough screening of resumes, interviews, and reference checks.
- Use pre-hire assessments: These assessments can help to identify candidates who have the skills and abilities necessary for the job.
- Get input from multiple people: This will help to ensure that all aspects of a candidate’s qualifications are considered.
- Make sure the candidate is a good fit for the company culture: This will help to ensure that the candidate will be successful in the long term.
- Be clear about the job requirements: Make sure that the job description is accurate and that the candidate understands what the job entails.
- Ask the right questions: During the interview, ask questions that will help you to assess the candidate’s skills, knowledge, and abilities. Listen and ask follow up questions.
- Pay attention to the candidate’s body language: Body language can often give you clues about the candidate’s true personality and fit for the job.
By taking these steps, managers can reduce the risk of hiring a bad hire and save themselves a significant amount of time and the company money.
Hiring – 7 Deadly Sins
In many companies, HR professionals are the unsung heroes of the post-pandemic period.
Recruiting is just one of their responsibilities, but it may be the most important. Why? Because it has an immediate effect on the company culture, employee engagement, safety, turnover, etc. The cost of a bad hire (management time and money) can be significant.
|Hiring – 7 Deadly Sins
A primary responsibility for HR is helping managers hire people who fit the job, the manager and the company’s culture. They guard the company’s front door. A little help from a few managers will make hiring your competitive advantage.