
Who
Brief Summary
“Who” by Geoff Smart and Randy Street explains the importance of hiring in companies to achieve success. The authors share what types of interviews give the best results when searching for candidates. You will learn why hiring is key, according to leading managers and executives of various companies.
Topics
Key points
Key idea 1 of 9
For many people, hiring someone is complex and requires a lot of time, patience, and money. Yet, let's get things straight!
You might think that if a person isn't suitable for a position, the company fires them and looks for another candidate, right? Fortunately or not, things don’t work that way. The process of hiring a new employee should be error-free. Hiring a professional will save the company some money. Research conducted by the authors has shown that a typical hiring mistake costs the company fifteen times the average monthly salary. This sum encompasses costs related to the employee’s erroneous decisions and the efforts for their dismissal and replacement.
Imagine you're hiring a marketing specialist with a monthly salary of $120,000. If their candidacy isn't suitable for certain reasons or actions, it will cost the company $1.8 million. Top management expert Peter Drucker assures us that the mistake of hiring an unsuitable person happens often. Half of all hires are done by mistake.
Business people rely on intuition, as they could lack personal experience in hiring. This process requires the skills and analysis to make error-free decisions about hiring. However, people are sometimes impressed by charismatic candidates and hire them based on instincts. It’s like amateur literary critics assessing a novel by saying, "I like it" or "I don't like it."
Some hiring managers are into "testing the strength" of candidates. Yet, often, such pressure doesn't allow people to open up immediately. As a result, they hire those more resilient to stress but with fewer professional skills. Guess the result. Eventually, they need to search for new candidates.
These aren't the only hiring options, though. Let's get to the recommendations!
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