A recent study of over 5000 hiring managers indicated that there was a serious failure in hiring in the executive to middle management ranks. These managers, who hired more than 20,000 people over three years, reported that almost half the people they hired (46%) failed within the first 18 months of hire.
During that time, only 19% will achieve some level of success
26% will fail because they can't accept feedback
23% fail because they can't understand and manage their emotions
17% lack the drive to succeed
15% have the wrong temperament for the job
11% lack key skills
82% of managers reported that in hindsight, their interview process with these employees elicited subtle clues that they would be headed for trouble. But during the interviews, managers were too focused on other issues, too pressed for time, or lacked confidence in their interviewing abilities to heed the warning signs.
Te study found no significant difference in failure rates across different interviewing approaches (e.g., behavioral, chronological, case study, etc.). 812 managers experienced significantly more hiring success than their peers. What differentiated their interviewing approach was their emphasis on interpersonal and motivational issues.
This begs the question, how well are you evaluating potential hires prior to their joining your firm? Are you evaluating them in these key success areas? Do your hiring managers take the time to evaluate people on these criteria, or purely on skills competency?
Jeff Altman
Concepts in Staffing
jeffaltman@cisny.com
© 2005 all rights reserved.
Jeff Altman, Managing Director with Concepts in Staffing, a New York search firm, has successfully assisted many corporations identify management leaders and staff in technology, accounting, finance, sales, marketing and other disciplines since 1971. He is a certified leader of the ManKind Project, a not for profit organization that assists men with life issues, and a practicing psychotherapist.
For additional job hunting or hiring tips, go to http://www.newyorkmetrotechnologyjobs.com
If you would like Jeff and his firm to assist you with hiring staff, or if you would like help with a strategic job change, send an email to him at jeffaltman@cisny.com (If you’re looking for a new position, include your resume).
