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Why You Should Hire For Potential, Not Experience

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Great Fastcompany article By Dinah Wisenberg Brin

When you’re hiring, look past the experience candidates come with, to the potential for them to grow into the perfect fit for your company.

An electronics retailer hires a CEO who seems to possess the ideal credentials and skills, only to find him ill-prepared to handle changing market dynamics.

A small brewery, in contrast, picks a project manager lacking in relevant industry experience, based on a hiring consultant’s feeling that the man will succeed. The new hire quickly ascends to a key role in a strong management team that turns the company into a conglomerate.

What’s the difference in the two hires?

Read article to continue

If you want to accelerate talent, contact John Inman at john@johninmandialogue.com or at 425-954-7256

A bad hire is not just bad for business—it’s costly too.

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An outstanding webinar from PI Worldwide. Highly recommend if you would like to reduce bad hires. If you have questions on how to apply within your organization, contact me at john@johninmandialogue.com or at 425-954-7256.

Cost of a bad hire

On average, experts estimate the cost of a poor hiring decision is equal to 30% or more of that hire’s first year’s probable earnings. Factor in productivity loss and lost opportunities, morale implications, turnover and recruiting costs and the price tag starts to swell quickly.

Fortunately, organizations can prevent the costs associated with poor hiring decisions by recognizing the challenges at different steps of the talent acquisition process.

Listen to PI Worldwide’s recent webinar: Avoiding the 7 Mistakes that Lead to A Bad Hire for expert tips and best practices on improving your talent acquisition process.

Sincerely,

Michelle Kozin

Vice President of Learning & Communications

PI Worldwide

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