When you start your own business, there are many things you need to think about including the mortgage, your capital and where to get affordable supplies. Aside from that, you should also be thinking about how to select the perfect employees to help you achieve success.
Manpower plays a very critical role in a business since they are the heart and soul of the company. Employees can also make or break your company as there would be instances where they would be representing you. Leaders of leading companies even consider their employees an investment from which they expect great financial returns in the long run.
Forbes contributor Alan Hall echoed this notion saying that every single famed businessman achieved success by having great employees to back him up. David Williams, another writer for Forbes, even estimated the cost of a bad hire to amount to at least $25 to as much as $50,000. This includes the costs of the entire hiring process including the trainings involved.
Unfortunately, many entrepreneurs are not yet enlightened on the right criteria in choosing the perfect employee, which includes having the best skills and experiences, and the candidate’s ability to match the job description. According to Hall, the ideal criteria should include 7 C’s, namely:
Skills and education is not the only thing you need to consider when selecting the perfect employee. You should also determine via interview and background check if the candidate’s attitude and state of mind is compatible with the company and the rest of your team. This is so you could avoid conflicts in the workplace that may be caused by different insights and beliefs which can greatly affect your business’ daily operations.
You should also consider the person’s character before hiring them and determine if theirs are compatible or aligned with yours. Most employers would need members of their staff who are team players, selfless, honest and value integrity.
Much like their character, employees who have different or contradicting culture with you and your company may be difficult to deal with and may even become disruptive to the entire business operations.
You should determine if the candidate has the right educational background as well as a set of skills appropriate for the position he’s vying to fill in.
Applicants for a certain job position should also prove that they are capable of delivering even the more complicated tasks that require critical thinking and creativity. Aside from that, they should also have willingness to accept the responsibility, potential for growth as well as the ability to take on the task.
You should remember to hire someone who plans to stay with your company. As mentioned earlier, bad hires (which can be caused by impermanent and un-committed employees) tend to cost so much for the company. Hiring your company personnel is like choosing a business to invest in, you should consider those which would have greater returns in the long run.
Who could forget? Most employees want the job for the money. As a responsible employer, you should give your new hires what they’re due but you should also make sure that the people you add to your team agree with your compensation package. This is because if they are amenable with the pay—or are having second thoughts about it, they may become demotivated and unappreciated in the future resulting to a bad hire.