Perhaps one of the most important aspects of any company’s inner workings is hiring. A lot of companies prefer to hire internally, but this isn’t always possible. Furthermore, it’s important to have a pool of candidates from which executives can choose; that way, they’ll be more likely to chose the right person for the job. Of course, just because people are at the position of authority in a company doesn’t mean that they’re ready to hire others. Knowing how to hire the right people is a skill, and it’s a good idea to use professional firms to find the right candidates. While you may know what to expect from internal hires, it’s much better to use
If you have ever had to hire for people for your management team, you know how painful a process it can be. If you run a business, you know how much employee turnover can hurt your bottom line. Nearly 57% of all companies and organizations say they think this is a real problem. As many as 22% of people who start new jobs will leave those positions within 45 days. The reasons organizations give for this issue range from poor performance to issues surrounding temperament. When the wrong person is hired for a position, the Department of Labor estimates can cost an organization anywhere between 30 and 150% of the new hire’s salary. When you are looking to hire someone for a management role, your best bet really is to go to an executive placement agency.
- You will get top notch candidates