Tag Archive | Employees

Hiring Winning Employees Is Easier Than You Think

hiringAs an entrepreneur, you’re entirely reliant on the people around you to do a great job and keep your brand strong. But sometimes, the people you hire aren’t what you’d hoped for.

They seemed great at an interview, but now they’re in your company and doing the work, they’re not living up to your expectations.
Elon Musk, the entrepreneur behind SpaceX and Tesla, has been mulling the question of how to hire the perfect person for years according to http://uk.businessinsider.com. Back when he was first starting out at Paypal, he put a lot of emphasis on a person’s technical skills.

This, he thought, was what gave them the most value. Soon afterward, he discovered that raw technical ability wasn’t enough: for projects to really work you needed people who were able to work in a team, even if that meant sacrificing a little talent in the process.

Over time, Musk developed his interview techniques. He began to realize that some people could talk the talk at interview, but couldn’t walk the walk when it came to their actual job. As a result, he began asking more probing questions. One of this favorite was to ask about any significant challenges that a person had overcome during their career.

To Musk’s delight, this proved to be a good tactic for discovering the quality of prospective employees. Those who had overcome challenges knew all the intricate details of how the problem was solved. Those who had just been bystanders didn’t.

Of course, as an aspiring entrepreneur yourself, you want to make sure that you’re hiring winning employees. Here’s what to do.

Don’t Hire For A Position, Hire The Person

Many entrepreneurs are simply interested in filling a particular role to carry out a particular function. But this might not actually be a good idea. As an article on http://www.careercamel.com, points out, companies are suffering enormously from high turnover rates. Hiring new people every few months is horrendously expensive and burning a hole in their bottom line.

As such, other companies are changing tack. Instead of hiring for a position, they’re hiring the person. The difference is that hiring the person means that you want them to stay in your organization. Companies that engage employees and give them the opportunity to advance will see more of their staff sticking around for the long haul.

Ask Them To Complete Written Work

Job interviews are almost universally ineffective, thanks to the fact that the people hiring prefer to hire individuals who are just like them. Therefore, it’s a good idea to ask candidates to do something a little different, like complete a writing assignment.

Some companies, like Barefoot Cellars, have gotten rid of the interview process altogether. Instead, they sit candidates down in a room and get them to listen to a presentation on how the company operates. Next, they give them a written assignment to complete before the end of the day: 5 pm. This is where they get to see the real ability of the candidates, not just their polished and refined CVs.

 

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Could Your Employees Be A Detriment To Your Business?

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Your business success largely depends on the team you build. You need the right people who are going to help your business improve and prosper. It’s crucial that you take the hiring process seriously and make sure you find someone who’s perfect for each role.

You might think any employee is better than no employee, but that’s not always the case. In fact, there are many ways that employees can hurt your business. A poor hiring choice can result in damage to your profits, reputation, and business productivity. Here are some of the ways your employees could be a detriment to your business.

When The Costs Outweigh The Benefits

To get the best employees, you need to offer competitive salaries. Those with the right experience will have multiple options. Offering the right wages can ensure the best candidates pick you over your competitors.

But you need to consider if your payroll is paying off. In some cases, employees might not give you a good return on your investment. If workers aren’t contributing to your business in a way that helps improve your company’s success, consider letting them go.

For instance, your business could hire a whole manufacturing department. But if training them and supplying them with the right equipment costs too much, it might be more cost-efficient to outsource the job. You can avoid dwindling profits and still get the task handled.

Unmotivated Employees

It’s only natural that you expect all your workers to be hard-working and committed to their job. But when workers suffer from a lack of motivation, it can severely impact business efficiency. They’ll get less work done and hold your business back.

Firing a lazy employee isn’t always the best option. It’s important that you communicate with them first. Perhaps they’re dealing with some personal issues and need some time off. Maybe they aren’t feeling challenged by their role anymore and need a new one. Figuring out a solution together is much more beneficial for all parties involved.

Keep in mind that motivation also starts with you. Find ways to reward your employees for good work, and they’ll repay you by keeping up their performance.

Fraudulent Employees

Business fraud is often committed by employees inside a company. It can take many forms too. Workers might fake an injury for compensation or find ways to take money from the company.

A fraudulent employee can cause lots of damage to your business, so get rid of them ASAP. Find a PI service or investigator website to help collect evidence and take legal action against them.

Stopping fraudulent employees in their tracks can protect your business assets. You can also gain reparations for damages they have caused.

Negative Employees

Some employees just lack motivation or experience. But in worst case scenarios, you may have to deal with downright negative employees.

You might have workers who are rude to clients or customers. They will reflect on your company poorly and lose you a lot of business. You may also have bullies in the workplace. Cases of workplace bullying or discrimination can result in legal action against your business.

If you have a negative employee, fire them immediately. Even if you don’t have a replacement, getting rid of negative behavior will prevent your business from suffering further.