If you’re a keen reader of my blogs, you’ll have noticed me mention our upcoming podcast starting next week. Why am I starting a podcast? You can read about why every business should start a podcast here.
One of my fave business podcasts is called ‘Searching for Mana’ by Lloyd Wahed. He chats to a number of thought-leaders about their view on the secret to creating a positive company culture.
So, what’s the magic recipe to any thriving business? A stellar team. But assembling a crew that clicks can feel like finding the end of a rainbow: never-ending! But don’t fret, we’ve got your back at InfluxJuice. Here’s how to hire smart and build a dream team that propels your business forward.
Culture Eats Strategy for Breakfast
While skills are important, cultural fit reigns supreme. Julian Sawyer, co-founder of Starling Bank, emphasises the importance of “engaging smart, friendly people.” Joe Parkin, Head of Digital Channels at BlackRock, echoes this sentiment, highlighting a shared sense of purpose. Anna Brailsford, CEO of Code First: Girls, champions diversity and inclusion, showcasing how “carving out spaces for women to feel empowered” strengthens company culture.
Building a team that shares your values and vision isn’t just about warm fuzzies. It boosts resilience and creativity. Your team must be united by a common passion – they’ll weather storms together and dream up innovative ideas that propel your business forward.
Shifting the Focus: Beyond Just Metrics
In today’s data-driven world, KPIs (Key Performance Indicators) and OKRs (Objectives and Key Results) dominate performance measurement. Yet, successful businesses recognise the importance of a human-centric approach. Ask yourself: “Am I hiring the right people?” The answer goes beyond numbers.
Hiring misfits is costly. A 2014 Oxford Economics study found a single bad hire can cost a company a whopping £30,000. That’s not all. Hidden costs include lost productivity during the onboarding of new employees and the damage caused by inexperienced hires (Hinkin & Tracey, 2000).
Smart hiring fosters positive relationships within your team. Research by Schinoff, Ashforth & Corley (2019) shows that employees with friendly workplace bonds are happier, more engaged, and less likely to job hunt. Satisfied employees translate to greater productivity and an overall win for your business.
Hiring Smart: 5 Actionable Tips
Here are 5 action-packed tips to put smart hiring into practice:
- Craft a Compelling Job Description: Save yourself time sifting through unqualified applicants by creating a detailed and informative job description. Highlight the role’s responsibilities, the ideal candidate profile, and your company culture.
- Involve the Team Manager Early On: Who knows the team dynamic better than the team manager? Get them involved from the get-go to identify applicants who’ll seamlessly integrate into the existing team.
- Leverage the Power of Behavioural Assessments: Tools like Personal Profile Assessments (PPAs) can reveal how candidates typically approach tasks and identify areas for development. This goes beyond qualifications and offers a deeper understanding of their working style.
- Harness the Power of Your Network: Implement a referral program. Happy employees are your best brand ambassadors. Incentivise them to recommend qualified friends and colleagues who share your company’s values.
- Partner with Talent Acquisition Specialists: Headhunters excel at unearthing high-calibre “passive candidates” who aren’t actively job searching but possess the skills and experience you’re looking for.
Ready to Assemble Your Dream Team?
Hiring smart is an investment that pays off handsomely. With these tips, you’re well on your way to building a team that propels your business to new heights. But the conversation doesn’t end here…
Share your thoughts in the comments below:
- What challenges have you faced in the hiring process?
- How do you foster a strong company culture?
- Have you tried any of these hiring tips? What were the results?
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