Challenges to Successful Selection
managers today face certain challenges when it comes to measuring talent for
successful selection. Below is a look at some of these challenges.
First of all, over 90% of recruiting begins online through job boards and social
media. What this means is that most of the information that the hiring manager
or recruiter is using for their research on a particular candidate through the
use of sources such as Google, job boards, Facebook and LinkedIn will in most
cases have been posted by the candidate themselves. This is especially if the
sourced information is employment related.
Secondly, candidates tend to throw resumes at related positions in the hope that
they will stick. This means that when most people apply for jobs, they assume
that these positions require similar skills and/ or experience which they used
in another job.
For instance, a candidate with a sales background will apply for a position as a
sales manager, while a former manager will apply to work as a trainer in their
field. You will also find those with previous experience in customer service
applying for sales jobs, while outside sales positions will attract candidates
with a background in inside sales. The same applies for previous business owners
who will apply for jobs in their respective areas of expertise.
Another challenge facing hiring managers is that they tend to end up wasting too
much time and money reviewing resumes in search for the right talent. This is
despite having access to tons of information that is available online. A common
scenario is where a recruiter posts an ad for a CFO position and receives over
seven hundred emails within 24 hours. The recruiter will thereafter be forced to
spend countless hours just going through these resumes looking at the hard
skills and educational histories of the applicants. This is even before they
begin to check for measurable talent.
Blind spots created in the hiring process due to the emotional bias of the
recruiter or hiring manager is another challenge to successful selection. This
is because in some cases hiring decisions will be influenced by the emotions of
the recruiter. This may be as a result of the personality match between the
candidate and the recruiter, where the candidate was referred by a friend of the
recruiter or even where the interviewer is simply impressed or aligned with the
educational background of the candidate.
Once a candidate is hired, they take at least ninety days to become effective,
if ever. This is a challenge seeing as much of the time spent focuses on getting
to know the new employee/ employer, as well as learning how the office equipment
and systems run. In most cases, you will find that the true talent match of the
individual to the job will only begin to manifest itself in tangible results –
if ever – after a period of approximately 90 days. As such, if the candidate is
receiving a base annual salary of $50,000, the employer will spend a minimum of
$12,500 in this “getting acquainted” phase, before they even get their money’s
worth in productivity.
Need help hiring or developing top talent? Contact us today!
Written for us by
our associate Gary Sorrell, Sorrell Associates, LLC.
Copyright protected worldwide. All rights reserved.
Financial Planning – How To Get Started Today!
Financial planning refers to the creation of a
budget or a plan for allocating savings to investments or assets that are
projected to provide income in the future (e.g., new business).
initial step is to know the current state of your finances. This can be done by
accurately recording all your income, expenses and savings. It is better to have
a positive cash flow, meaning you spend less than you earn. However, if your
expenses are greater than your income or if you want to increase your savings,
identify items in your list that you can change and implement it.
Assets and liabilities
Assets are the things you truly own (e.g. house, car, computer) while
liabilities are your obligations to others (e.g. loans). Net worth is determined
by deducting assets from liabilities. In general, it is desirable to have a
positive net worth that increases over time. Since the decreases in net worth
are attributable to debts, then a step in building net worth should involve
paying off debts. Another step is to gain more assets. Assets include stocks,
annuities and insurance. You can invest your savings into these financial
entities to build your net worth.
Where do you want to be and when do you want to be there? This simple question
can guide you towards your financial goal. Examples of financial goals include
buying a new house or setting up a $100,000 retirement fund. Financial goals can
be short-term (achievable within a year), mid-term (achievable within 1-5 years)
and long-term (achievable beyond 5 years).
can now decide how you want your money to grow. You can buy stocks which
represent percentages of ownership of a company. Long-term returns from stocks
are impressive. You can buy bonds which are loans to the government or to a
corporation. While holding the bond, you will receive the principal or par value
and the interest. You can also buy cash equivalents which are assets that you
can readily convert to cash. Cash equivalents provide the lowest return and the
least risk; bonds provide intermediate return and median risk, while stocks
provide the highest return but at a relatively high risk.
Taxes and Insurance
to decrease tax burden include contributing to an employer-sponsored retirement
plan or to Roth IRA. Roth IRA allows the withdrawal of your retirement savings
tax-free. Insurance provides a financial safety net should an untimely event
occur. Examples of insurance include life and disability insurance.
financial planning can be done independently but sometimes, financial advisors
are needed. Choose an ethical and honest financial adviser with the proper
credentials. “Better to be safe than sorry” is the key dictum in financial
information is not be construed as financial or legal advice. Consult your
Enthusiasm Is Positive Energy
“No pessimist ever
discovered the secret of the stars, or sailed to an uncharted land, or opened a
new doorway for the human spirit.”
- Helen Keller
Enthusiasm is the sunshine of your mind’s garden. Possessing enthusiasm for all
that you do is essential to the process of positive thinking. Just as plants
require sunlight to develop and grow, utilizing the power of positive thinking
requires enthusiasm to energize your potential and ensure an endless supply of
You will discover that the more enthusiasm you generate, the more energy you’ll
have to put in. There are some things it will be easy to generate enthusiasm
over, and others where you’ll have to stretch yourself to find what will spark
your enjoyment. For example, no one has trouble generating enthusiasm for
spending an unexpected bonus from work or taking a night out.
You may find it hard to get excited about washing dishes or filling out your
income tax forms. But part of the magic of positive thinking is developing the
ability to find the good things in any situation and use them to get through the
Like developing a positive mindset, enthusiasm must be cultivated and sheltered
from potentially damaging emotional storms. There are several methods you can
use to put a dose of passion into everything you do, whether it’s finally taking
that dream vacation or scrubbing out the basement. You can choose the method
that best fits whatever situation you’re facing and ensure yourself the energy
to tackle anything life happens to throw at you.
Written for us by our associate Gary Sorrell, Sorrell Associates, LLC. Copyright protected worldwide. All rights reserved.
The McNeill Group consistently provides clients with tangible results by achieving and exceeding measurable goals. Having been in business for over 15
years, we know that our success is wholly dependent upon the success of our clients.
Essential Tips for Webinar Wizardry
last webinar wobbly? Did it lack participation and pizzazz? Fear not! Dr. Ron
Bonnstetter breathes new life into your bland webinar by reviewing the basic
tenets of effective webinars and by providing neurologically based tips for
better engagement and success. This 7 Essential Tips for Webinar Wizardry event
will explain how to achieve wizard-like success during your next web-stravaganza.
at 4:00 pm Eastern Daylight Time
"Great minds have great purposes, others have wishes. Little
minds are tamed and subdued by misfortune; but great minds rise above them." -
"The start is what stops most people." - Don Shula
"You can't just sit and wait for people to give you that golden
dream. You've got to get out there and make it happen for yourself." - Diana