As a business owner, have you ever hired an employee who seemed like a rock star during the interview process, only to turn out to be a total disappointment? If so, you're not alone. In fact, I have a confession to make - I've made the same mistake. Hiring the wrong person can cost you thousands of dollars and countless hours wasted. The problem is, relying on your gut instinct when making hiring decisions can often lead you astray. Let's explore why your gut is almost always wrong when it comes to hiring the right talent.
Let me share a real-life story that illustrates the consequences of trusting your gut. I once coached the owner of a dental insurance brokerage who interviewed a salesperson with extensive experience in dental insurance marketing. On paper, this candidate seemed like the perfect fit. However, upon conducting a profile test, it revealed a mere 39% job fit. Despite my advice against hiring this individual, the owner went with their gut feeling and made the hire. Unfortunately, it turned out to be a costly mistake, resulting in lost sales and termination after just 90 days.
To prevent falling into the trap of gut hiring, there are three key strategies you can implement.
1. Conduct Group Interviews:
One effective method is to conduct group interviews. By involving multiple stakeholders in the hiring process, you gain valuable feedback that may challenge your initial impression. Even if you have a small team, consider involving your spouse or a trusted colleague to provide a different perspective.
2. Focus on Behaviors, Not Just Job History:
Rather than solely relying on a candidate's job history, delve deeper into their behaviors. Break down the job description into its core components and ask candidates for specific examples of when they demonstrated success in those areas. This approach allows you to assess their abilities based on tangible evidence rather than relying on job titles alone.
3. Utilize Psychometric Profiling:
Psychometric profiling tools can be invaluable in establishing job fit. These tests provide objective insights into a candidate's suitability for a particular role. By going beyond resumes and interviews, you gain a more comprehensive understanding of a person's potential fit within your organization. While it shouldn't be the sole deciding factor, it can help validate or challenge your initial impressions.
Trusting your gut in hiring can have significant financial implications. According to the Society for Human Resource Management, it can take six to nine months of an employee's salary to replace them. This means that a single bad hire can cost you tens of thousands of dollars in recruiting and training expenses, not to mention lost sales and other wasted resources.
Relying on your gut instinct when hiring can be a costly mistake. By implementing group interviews, focusing on behaviors, and utilizing psychometric profiling, you can significantly improve your chances of making the right hiring decisions. Remember, hiring the wrong person not only drains your resources but also takes valuable time away from developing and guiding your top talent. So, take a step back, reevaluate your hiring approach, and make informed decisions that will lead to a more successful and thriving business.
If you need assistance in refining your hiring process, schedule a complimentary hiring strategy session with me. Together, we can develop a better approach to finding the right employees and reducing turnover by over 50%. Don't let your gut instincts hold you back from building a winning team. Book the call today, and let's transform your hiring process for the better.
Find Out Why Chiropractors as Coaches Can Do More Harm than Good!
In this video transcription, we dive into a topic that may generate some controversy: whether or not chiropractors should be your go-to choice for business coaching. While there are many chiropractor coaches who excel in various aspects of practice management, it's essential to consider alternative options that can provide a fresh perspective and better align with your individual goals. Let's explore three key reasons why a non-chiropractor business coach might be a better fit for chiropractors who own their clinics.