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When you consider the costs of recruitment and the expenses associated with a new hire, it is important to be aware of the key mistakes to avoid:
• Who you know – When faced with a new hiring decision, many turn to what or who they know – family, friends or past acquaintances. There is undoubtedly some benefit in ''knowing what you are getting.'' However, there is also no guarantee of success. What's more, it can limit your own objective decision making.
• Recruiting in the mirror – This is perhaps the biggest mistake made by hiring managers. Not only do they go beyond objective decision making, they also actively objectify their own persona onto the potential employee, e.g., ''He reminds me of myself...'' This is a dangerous trap to fall into as the whole purpose of the interview and having a range of applicants is to be truly objective.
• Aiming for perfection – Look for someone with an 80% match against the job specifications. You often find more success, engagement, longevity and loyalty with individuals who can grow by 20% within the first few years of the role in your organisation. This is called the ''stretch'' and this is where you can challenge an employee to perform to a higher standard. Ensure he meets all the mandatory requirements (the 80%) and ask yourself what more he can bring to your team/organisation and what you can give to the individual.
The success of a hire is as much down to the organisation as the individual and how we nurture and manage our talent. A well-managed and objective interview process ensures you start with the right characteristics, experience, qualifications and individual who can perform well in your organisation.
• Be objective; resist the urge to hire someone a colleague knows
• Consider qualifications, experience and right characteristics
• Ensure all candidates are given a fair chance in the interview
Source: James Collin, Special to Jobs & Careers
The writer is Financial Services Recruiter, Cobalt Recruitment