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SELECTION, HIRING AND CAREER DEVELOPMENT
Key to your organization’s long-term success is the selection,
hiring and retention of first-rate talent. When filling leadership
and management positions, the ideal is for the firm and candidate
to enter into a mutual long-term commitment. However, for such a
commitment to be workable and mutually successful, a good candidate-position
match is crucial. Today’s market is highly competitive for
premium talent and employees are an investment that warrants careful
research. Hiring should be a practical and data driven process,
with the most responsible positions given the most thorough and
careful pre-hiring assessments.
Every company knows the costs, in dollars and disruption, of hiring
a key executive and having the individual leave after a brief period
of time due to inadequate assessment of the candidate or ill thought
out matching of candidate with position. Such mismatches create
multiple problems including those which derive from the position
being vacant, from resultant operational disconnects and added costs,
and from the additional search costs necessary.
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hiring shows up not merely in poor decisions but also in poor morale.
When the less competent employees reach critical mass, their low
performance standards become the de facto standards of the organization.
The longer established employees who are well equipped for the job
abandon their old high standards and conform to the new, lower ones.”
- Frank Schmidt, Ph.D.
University of Iowa
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