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:
Hiring Now is a Strong Indicator of an Innovative Business with Jay Connor of Learning Ovation
Hijacks The Show! Worst Messages, Job Descriptions & Accountability with Kelly Robinson of RedDot Media
The Key to Hiring is Knowing Y.O.U. & Your Audience with Stephanie Paul of The Executive Storyteller Academy
Unlimited PTO… The Pretend Time Off with Addam Gordon & Ulises Orozco of PTO Genius
Removing Bias in the Hiring Process with Bruce Marable of Employee Cycle
The Most Effective Video Interview Structure: The Interview Part III with John Driscoll of Naked Development
Finding & Building Great People in an Off Premise Work Environment with Bonnie Harvey & Michael Houlihan of Barefoot Wines
Modern Elders Are The Secret Untapped Pool of Talent with Kelly Robinson of RedDot Media
Best Building A Cultural Document Tips You Will Hear This Year! with Jeff Wald of WorkMarket
Startups Fail Due to Lack of Prioritizing Marketing (& Hiring) Soon Enough with Andrew Miller of GrowthExpertz
Trouble Pulling the Trigger on the Hire with Steve Pfrenzinger of Pfrenzinger Agency Inc.
Hiring Trusted Talent with AJ Bruno of QuotaPath
Why do You Need to Hire a Leader? with Ed Tyson of PerSynergy Consulting
Your IT Challenges with Off-Boarding Start with Improper On-Boarding with David DeFrancis of IT Proactive
How to Manage Remote Teams with Shiran Yaroslavsky of Cassiopeia Tech
How to effectively screen applicants to ensure employee retention with Shawn Sheikh of Pivot CMO
IT Infrastructure in a Remote Work Environment with Greg Keller of JumpCloud
Using Assessments to Eliminate the Resume with Josh Millet of Criteria Corp
The Most Effective Video Interview Structure: Phone/Video Screen! Part II with John Driscoll of Naked Development
Embracing the Change of Your Remote Workforce with Rod Trujillo of International Rubber Products
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