Hiring and Retaining Top Talent Blog

Why do most companies suffer from poor hiring success?

Studies demonstrate that in most companies, executive and managerial hiring is not much more accurate than 50%. Now imagine the failure rate increased substantially below the managerial level since the rate of sophistication regarding hiring declines quickly below the executive and senior management level.

Why do companies accept what is essentially random results in hiring? There is not a single process in most companies where 50% success is acceptable. How about the payroll checks you write to your employees? How about the bills you send to your customers? You wouldn’t accept in those processes - so why do you accept it in the hiring process?

One reason we hear frequently in our workshops, clinics, and webinars is that executives and managers don’t know what to do and have never been shown a more effective approach to improving hiring accuracy. Most executives and managers cross their fingers praying the candidate will make it through the 90 day probationary period. This is no way to run a successful company. Very few organizations have done the depth of research we’ve conducted into the Top Ten Hiring Mistakes. The Executive Summary of this Research Project is available for downloading from the Free Resources Section of our website.

As you’ll see in our Research Project and the related techniques for solving the Top Ten Hiring Mistakes, overcoming the most common hiring mistakes leads to extraordinary success in hiring top talent at every level in your organization. Working on the top three should have an immediate impact on your hiring success. These top three include finding top talent, defining success, and using the right interview questions to measure success.

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