It’s no big secret that on average, companies loose three times the salary of a new hire that doesn’t stay with the organization. The cost of losing an employee actually starts long before the individual leaves. It’s the cost associated with disengagement, when passion and energy are no longer invested in the workplace. The bottom line is that, while economic realities do play a role, if total compensation satisfies one’s requirements, an employee is not likely to leave for this reason alone. Here are some tips to help you when you have to make your next hire.
Know who you're looking for
Experts say bad hires are often the result of the job description not matching the job criteria. The result: a new hire joins the organization and it quickly becomes clear that he or she does not possess the skill-set to effectively execute the job. The key is to create a job description that is laser-focused on the actual skills and competencies required for the job.
Hire the specialist, not the generalist
Conventional wisdom among hiring managers says hire the generalist who can adapt to whatever situation you have. However, the truth of the matter is that if you really look at it closely most people only really excel at one or two skills. When you are putting together a team you need to hire people that will have a specialist skill to compliment the areas in which the rest of your team might be lacking. It’s no good to have a couple of people that are all generalist but no real expert to help your organisation grow.
There is no such thing as the ‘perfect’ candidate
This a mistake made often by hiring managers in that they believe that somewhere out there is a job-seeker who would be perfect for the position. This perfect individual will have endless motivation, outstanding skill and will be just thrilled to accept the job at the salary on offer. The reality is unfortunately that there is no such thing. Don’t bypass well-qualified candidates right in front of your face because you are holding out for the ‘mythical’ one.
Get a helping hand
Before you get your hackles up about recruiters fees, consider the value that the right new hire can deliver over the next 5, 10, or 20 years in your company. Niche recruiters like Communicate Personnel know where to find top talent, can screen candidates and can guide you through the process of interviews, salary negotiation, saving you lots of time and money.
Take time with proper on-boarding
Employee orientation and training should be a vital part of a new employee’s probation period, ensuring they understand company policies, what’s expected of them, and how they’ll be measured on their performance.
Are you looking to make a new hire, want to avoid making a hiring mistake that will cost you time and money? Communicate Personnel is a specialist recruitment agency, with the very best recruiters. We specialise in the sourcing of top candidates in the Finance, IT, Engineering and Supply Chain and Freight industries, both for permanent and contracting placements throughout South Africa, and the African continent.