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:
Where You Are Screwing Up Your Hiring That Causes Boardroom Conflict with Rod Robertson of Briggs Capital
The Dangers of Screening Too Soon in the Interview Process with Joel Patterson of The Vested Group
Lessons Learned from Hiring Friends & Family with Wing Lam of Wahoo’s Fish Tacos
The Reality of Vanity Hires with Greg Toroosian of Elevate Hire
The Pivot to a Remote Interview Process with Vince Thompson of MELT
The Answer to the Widening Skills Gap is an Apprenticeship Program with Nicholas Wyman of IWSI America
Hiring 250 Remote Employees in 2 Weeks with Brock Blake of Lendio
The Method for Hiring Trustworthy Leaders Not Incompetent Managers with Tim Spiker of The Aperio
Data Driven Insight into Your Video Interview Process with Scott Sandland of Cryano.ai
Entrepreneurs & Suicide Prevention with Sally Spencer-Thomas of United Suicide Survivors International
Leveraging Your Company Values to Land the Unobtainable Talent with Darius Mirshahzadeh of The Greatness Machine Podcast
The Secrets to Building a Transparent & Fair Compensation Structure with Louis Beryl of Rocketplace
The 3 Critical Elements to Executing Your Talent Strategy for 2021 with Scott Hamilton of Executive Next Practices Institute
Why Giving Fuels Growth & Engagement with Charles Antis, Eric Morley, Wendy Ellis & Wing Lam of California Love Drop
Virtualization is Downgrading the Mental Health of Your Employees with Jodi Duva of Cox Business
Why the 30, 60, 90 Day Job Posting Wins Hires with Dan Moore of Vaporware
Employee Engagement is Driven by Performance Management & Personal Development with Michael Caito of MAP
Your Remote Workforce Will be Breached with Chuck & Anne Marie Lerch of HI Tech Hui
The Secret Talent Pool of Hiring Veterans with Jerri Rosen of Working Wardrobes
Your Local Hiring Market is Going to Disappear! Bradley Clark of RecTxt
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