Good reminder from Robert Sher that CEOs need to do what is best for the organization and not let weak executives continue to serve.
I understand the appeal of looking for job candidates who have done the job before, but a “been there done that” approach to hiring often leads to less than optimal results.
How much does a bad hire cost companies? It’s more than just money according to this infographic by Mindflash. Hiring the wrong person also causes lost time, productivity, and morale. The infographic also provides some suggestions for improving the hiring process. While these are important, one of the keys to hiring great people is to have a great recruiting process. This starts with the CEO, who in my mind should serve as the Chief Recruiting Officer.
CEOs should own recruiting and treat it as a core piece of the company’s strategic plan, not a tactical fire drill. Hiring right doesn’t mean taking your time, however. If your process is set up correctly, you should be able to hire someone within two weeks – that’s resume in hand to offer letter. Superstars won’t wait around for a company that drags its feet.
Also see a slide show version of this infographic at FastCompany.com.
Starting April 4, I am teaching my CEO class again in conjunction with the Rice Alliance Austin Chapter and the Austin Technology Council. The class is designed for CEOs with more than 20 employees who are seeking ways to grow via the right tools, people and processes.
Guest post by Veena Vadgama, Vice President of Marketing for Network Instruments Making a decision to reduce headcount or shut down operations is a scenario no CEO ever wants to face. But how a CEO delivers this news and treats his or her employees after the announcement can say a lot about the company’s culture. […]
In case you missed them, here are my most-viewed blog posts of 2013:
- Support oddballs in your company culture
- Texas vs. California: Texas Wins
- CEOs: Employee engagement matters
- How executives hire: Starbucks CEO Howard Schultz on finding motivated employees
- The million dollar hire
- 5 Responsibilities of a CEO: Own the Vision
- When do you hire for job experience vs. raw talent?
- 10 Steps to a Nine Figure+ Exit
- The No Asshole Policy and Company Culture
- 5 Responsibilities of a CEO: Make Good Decisions
I was recently reminded of how important a single personnel decision can be. I traveled to San Francisco to make a presentation on behalf of a non-profit organization I’ve worked with for a couple of years. With non-profits, just as in for-profits, it is critical to get the right people in the right places. While […]
Some companies, if you wanted to put it into a single word, they have a conqueror mentality, and we have an explorer mentality. And the people who like our mentality of exploration and pioneering, they tend to stay here, and have fun here, and that’s self-reinforcing. Jeff Bezos, Founder and CEO, Amazon In the wake […]