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Instead Of The Cost Of Hire?Measure The Cost Of A Bad Hire

If your company has a turnover of 20% per year and all of your new hires are mediocre, it will only take 5 years for all of your entire workforce to be mediocre. The cost of a “bad hire” for a software engineer can exceed a million dollars, for a CEO it could be as much as $1.4 Billion (Ask …

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Becoming an Employer of Choice – Part II

FIRST STEPS IN BECOMING AN EMPLOYER OF CHOICE (EOC) Do a preliminary survey of top management to identify possible support or resistance.   Do a benchmark study of current EOC firms that you wish to emulate. Place special focus on firms that have “recently” begun/successfully completed the transition to an EOC. Do an external PR analysis of the company’s image …

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Becoming an “Employer of Choice”

Have a shortage of candidates? An “Employer of Choice” (EOC) like HP, for example may get as many as 1,000 resumes a day! Becoming an EOC isn’t easy but it certainly can help solve your shortage of applicants. An EOC is a conscious corporate-wide employment strategy designed to re-make a company image as “a great place to work.” EOC is …

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“Intraplacement”: Reduce Retention Problems By Increasing The Internal Movement Of Your Employees

Intraplacement is a dynamic process that uses the tools and strategies of external search and applies them to internal candidates. Internal candidates are superior to external candidates because they usually have a much higher success rate in their new jobs than external candidates. This is because they already know “our” culture and they have already performed well in it. But …

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42 Things You Can Do to Improve the Quality of Your Employment Function

This is a list of employment practices a recruiter might consider as you attempt to move into 21st century HR: Do a survey of all hires and ask them why they accepted the job (and what were their concerns).   Do a survey of all rejected offers and find out what were the deciding factors in their decision. Consider your …

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Rethinking Interviews – The “Fut R View”: A Better Way To Hire

Most interview strategies were developed long before the “Internet” age when the speed of change in business was rather slow. However, if your business is in a rapidly-changing environment, you will need new tools that can tell you more about the future possibilities of a candidate than what they did years ago. Does your business require “outside-the-box” solutions that didn’t …

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