According to a recent study by Leadership IQ, 46% of hired employees will fail within 18 months, while only 19% of hires will become successful in their new role. By any standard, this track record is poor. Human Resources and leaders of every part of the organization continue to search for ways to be more successful in hiring practices as the cost of ineffectiveness is costing millions of dollars each year.
The challenge is clear. Hire better and hire right!
It’s time to rethink the hiring process and make some changes. We’ve whiffed on promising practices of competency-based hiring, on IQ-based hiring, and more recently hiring on “fit.” Strike three.
It’s time to step back, take a breath, and really think about what we want in a new hire.
According to the Leadership IQ survey, hiring managers spend too much time focusing on a person’s competence and too little time assessing a person’s motivation, coachability, and emotional intelligence. These qualities are, in essence, the true character of the person.
When I’ve asked managers to consider, given the choice between hiring a person with a high level of competence and a low level of character, and another with a moderate level of … Read More >