As markets continue to evolve and loss of time and money are no longer negotiable, companies that want to gain true competitive advantage need to move away from the “human supply chain model” and begin to understand the importance of hiring the right people the first time.
According to this infographic, hiring top performers can increase revenue, productivity and profit between 40-67% over average performers. Behaviour of successful employees should be used as a benchmark for hiring. Understanding of projects and specific deliverables should be clearly understood by your recruiting sources. Staffing vendors should be incentivized as a partner, not as the „seller”. Only 30% of organizations measure the quality of a hire. But what can you do?
Mystery shop your process to gain firsthand knowledge of where to begin. Moreover, calculate the costs of failures and begin to understand the impact.
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