Prep for the Turnaround: Hire Right the First Time
July 13, 2009
RIGHT FIT = SKILLS + INSTINCTS
You meticulously reviewed the resume. Used your best behavioral interviewing techniques. Checked references until you were blue. But the new hire still turned out to be a dud. What was missing? He looked great on paper and blew the interview out of the water. But once on the job he not only didn’t play well with others and ran with scissors, he didn’t fulfill the responsibilities of the job even though his skills indicated he could. What happened?
More importantly, how do you make sure that never happens again?
To quote an article from Landscape Management — featuring friend and fellow Certified Kolbe Consultant Jason Cupp — “There is solid evidence suggesting that defining an employee’s or candidate’s natural instincts will often provide the information you need to make your best job placement decision. While employers can choose from many assessment tools, the Kolbe Index is a simple and accessible tool to outline and reveal a person’s initiating and supporting instincts.”
Bingo! The missing link: instincts.
When a hiring manager can rate candidates in an unbiased (by gender, age, race, national origin…) way based on matching their natural instincts to the instincts required for the job, they have the ability to identify the required methods of operation of the ideal candidate. In addition to skills listed in a resume or motivators discovered in behavioral interviewing. The power to predict performance — based on those instincts that drive actual, observable behaviors — can save another bad hire, which saves an enormous amount of time and financial resources. Can you afford afford not to do this triple-check?
COST OF A BAD HIRE
I’ve read several articles, blogs and tweets recently talking about hiring and the cost of making a bad choice. Some of the information I read included results from a 2007 survey by Right Management reporting that the cost of a bad hire ranged from one to five times annual salary. Twenty-six percent of respondents reported that replacing an employee that doesn’t work out cost their organizations three times annual salary and another 42 percent said bad hires cost two times annual salary.
“How do they figure that?” I wondered, which prompted me to throw together this perhaps unsophisticated yet telling formula:
Total cost of a bad hire =
% of salary paid
+ portion of benefits paid
+ direct management time (supervisor’s time spent with employee face-to-face)
+ indirect management time (time on planning for arrival, coordinating training, etc.)
+ management stress time (time spent not focused on work, putting off the inevitable)
+ IT time for computer, phone, and other systems set-up (and take-down for security purposes after the firing)
+ HR time setting up benefits, payroll, etc.
+ % salary of colleagues’ time spent/wasted on the time-sucker
+ cost of time to rebuild postpartum team morale
Yes, I’d say this adds up to somewhere between one to five times the annual salary of the departed disappointment. So the question then is…
Is it worth investing a small amount up front to ensure a candidate’s fit with the role, the team, the organization?
Don’t Take My Word For It
June 3, 2009
Dear Meredith,
Thanks so much for taking the time to further discuss my Kolbe results. While I’m very happy to be “out of transition”, I’m even more excited to understand my natural strengths.
Our discussions on how my strengths relate to our larger [cross-functional think tank] team and my own team were extremely eye-opening. I love knowing that I no longer need to “assume” or “perceive” people are a certain way from the way they act - rather, I understand they have different natural strengths which are beneficial to making a team successful. Just because someone is quiet and reserved does not mean they are not interested or engaged, they just have a different way of approaching a task.
I immediately shared our discussions and my results with my manager as we are going through a large number of job role changes in the next few weeks. She felt like she better understood who I was and what I needed to be a successful contributor to the team. Our conversation ended with deeper understandings and a renewed sense of excitement for my job. I look forward to our continued discussions during my time with the [cross-functional team]!
Thanks,
Michael A.
Mega Retail Corporation with a long, political approval process for using testimonials from their employees… so we’ll just leave their name out of it…
Do More With Less…No, REALLY!
June 3, 2009
Doing What You Do Best, Every Day
Kolbe Wisdom is a field of study that helps us tap into our natural method of operation. When we do we actually can accomplish more in less time and with less stress. I use the Kolbe A Index assessment with individuals and teams to understand how each person uniquely tackles problem solving and taking action — and after all isn’t that what we all do… every day… all day… especially on the job? — and use that to make them more productive, more efficient and more effective. Kolbe is backed by 30+ years of scientific research and validation, and unlike personality assessments, your Kolbe A results are true for your lifetime.
Bottom Line:
Kolbe identifies your hardwiring and with the help of a Certified Kolbe Consultant — that’s me! — we can develop a path for your team or for you personally for a lifetime of success. Kolbe gives you the freedom to be YOU and as a result do your best work on the job… at home… at play…
Kolbe with Teams
Make the most of every person, every moment, every PENNY. When managers and leaders do the work to put the right people in the right seats and empower them to work from their natural strengths, the team will be more productive, efficient and effective! Oh the stories I can tell…!
Kolbe with Individuals
It’s about doing what you do best every single day. With Kolbe we uncover how you operate which helps us understand the functions of a job you do most naturally (and therefore more efficiently!)… then work to pinpoint what motivates you, that is what does “meaningful work” look like for you personally… and outline the best environment for you to be your most productive, efficient self, including the kinds of partners you need to take on who complement your strengths. It’s career coaching and leadership development based on what you do naturally.
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