06/08/2021
Selective hiring: Hiring the right people
The second HR best practice is selective hiring. This enables an organization to bring in employees who add value.
You can’t just hire anyone; you want people who are fit for the job. Companies do their utmost best to hire exceptional people because they add the most value to the business. There also needs to be a prioritization of building a structured and fair selection process. This reflects legal requirements, internal diversity goals, and that a more diverse workforce, better reflects society. This can be hugely beneficial for understanding wider consumer behavior and the needs of different customers.
Research shows that the difference in performance between an average performer and a high performer can be as high as 400%! This holds for different industries and job types, including researchers, entertainers, and athletes.
Bringing in the right people is, therefore, a key to building a competitive advantage.
In today’s digital world, there are a lot of different recruitment tools we can use to make the right selection. More and more companies vigorously keep track of their recruitment metrics to see how well they are doing in this regard.
Commonly used selection instruments are structured and unstructured interviews, IQ tests, personality assessments, work tests, peer assessments, and reference checks. These (pre-employment) assessments are used to uncover three key candidate characteristics.
Ability: Is the person able to do the job? Does the person have the right technical and soft skills? Is the person smart enough to do the job well?
Trainability: Can we train this person to improve his/her skills? Has the person the aptitude to learn and keep developing?
Commitment: Will the person commit to his/her work and to the organization? Will we be able to retain this person once he/she is up to speed and fully productive?