We all get how impressive the hire from a name brand company might be. However, more often than not, making the vanity hire turns out disastrous for both parties. Why?
Too often hires are made based on a particular set of skills or a person’s pedigree. Not taking into account the importance of cultural alignment or the objectives of the business. Your hires should be made on the basis of what is best for the company backed by evidence of performance.
Today we are talking about how to Accelerate Company Growth with a Business Aligned Hiring Roadmap.
Today’s Quote:
"I've found that luck is quite predictable. If you want more luck, take more chances. Be more active. Show up more often."
- Brian Tracy
Our guests today: Kelly OConnell, Executive Vice President & Shelley Iocona, Founder & Principal of ON ITS AXIS.
ON ITS AXIS is a Product and People firm. We help organizations validate new digital product ideas and build the teams that allow them to successfully take them to market.
They have found that just as the launch of a successful product begins with a customer-centric roadmap, Talent Acquisition that is grounded in understanding how a company can most efficiently deliver client satisfaction and adapt to changing client needs is critical to a company's ability to efficiently scale.
Today we are going to discuss:
Why is this important?
The strength of the company is the people delivering the product in the marketplace. The winning company will have the strongest team. When managers struggle to hire it directly impacts team productivity and company growth potential.
It is important for organizations to approach hiring with a business objective roadmap rather than focusing exclusively on skills and perceived fit.
What challenges Hiring Managers face?
The most common challenges we observe in the market are:
Although understandable, particularly for high growth teams, hiring to a standardized and generic target profile is problematic because too much of a focus on matching skills and current team fit can lead to uniformity in the workforce that can unintentionally limit both the potential candidate pool and the potential for innovation in the workplace.
These challenges can result in several problems including
Additionally, there is often a corresponding negative impact to the existing team culture when organizations approach hiring in this way:
What needs to be in Place?
A structured, and efficient interview process.
Align hiring triggers to business model objectives, structure team OKR’s to directly correlate to key company goals and at each hire to modify the generic role job description and interview scoring rubric to address the most essential team gap at that given point in time.
This doesn’t mean that companies should ignore skills and culture. They are important but we see them as part of the larger talent acquisition and internal performance management plan.
Companies that most rapidly grow, are capable of executing nimble pivots in response to changing customer expectations.
Team members must be able to grow and evolve within the company. Rather than hiring for proficiency in a laundry list of current skills, instead, we encourage companies to establish predictive hiring indexes that will help them to assess a hires potential to learn and evolve to changing expectations within the company.
How do we fix it?
We encourage clients to Hire to fill the most impactful skill-gaps on your existing team and be willing to transfer internal team members into new roles that better serve them and your business objectives.
Creating a business aligned hiring roadmap not only helps organizations avoid several of the pitfalls previously shared but it also has the added benefit of helping organizations attract and retain both gen Z and gen Y employees.
Rick’s Nuggets
Key Takeaways:
How to Cultivate Relationships to Build a Strong Pipeline of Talent with Kate DeWald of OnCue
Your Strongest Hire is Gone in 8 Seconds with Henna Pryor of Pryority Group
How Your Book Can Attract Talent with Alicia Dunams of Bestseller in a Weekend
Diversity Hiring Fire Drills with Venesa Klein of Calibre One
Bias in Interviewing Starts with the Resume with Dr. Michael Neal of Build My Team
Managing Expectations when Fundraising & Hiring for ROI with Brian Franco of Meritage Partners
A Superstar Culture is Achieved by Having a Systematic Hiring Process with Robert Glazer of Acceleration Partners
Should Political Views be Reason Not to Hire with Bianca Lager of Social Intelligence Corp
How to Create an Accurate Brand That Connects with Your Future Hires with Eric Morley of Blue C Advertising
Are You Really an Entrepreneur? With Gino Wickman of EOS & Traction
How a Hiring Operating System is the Key to 10x Your Business with Rick Solo (Han’s little brother?) of Stride Search Inc.
Why Interview Training is so Critical in Today’s Hiring Market with Adam Stonehocker of Gemini
Developing an Outward Hiring Mindset with Jonathan Domsky of Untangled Coaching
When to Hire Freelancers vs Full Time Talent with Shahar Erez of Stoke Talent
You Only Need to Interview One Person to Fill a Role with Jodi Brandstetter of Lean Effective Talent Strategist LLC
Beating The Job Description Dead Horse with Mark Herschberg of The Career Toolkit
Why You Come Across as “Dick” When You Interview with Molly McGrath of Hiring & Empowering Solutions
Hiring Lessons Learned From Special Forces with Michael Sarraille & George Randle of EF Overwatch
Remote Interviewing Done Right with Brenna Loury of Doist
Purpose & Company Values Win Elite Talent, Not Paychecks! with Greg Besner of CultureIQ
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