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The MHC Blog

Powerful Business Insights for Succesful Leaders

Recruiting right first time

Recruiting for a key position within your Company is a difficult and time-consuming task.  Employers currently have the luxury of many immediately available candidates.  Vacancy adverts on LinkedIn see 1,000’s of CVs pouring in, Companies should be spoilt for choice.  However, this is rarely the case.

Gone are the days where there were huge numbers of highly experienced candidates, just many, many candidates.  Job roles are narrowing and evolving, meaning that there are a smaller number of qualified candidates available.  These “unicorn” candidates are very fussy with many options open to them, making them very demanding. 

This adds to the complexity of the recruitment task.  Recruiters need to quickly find the qualified candidates in the 1,000’s of CV, then work quickly to get them interviewed and onboard to join.  Companies are joining beauty pageants, they need to be the most attractive option available to the best qualified Employee to “win” their agreement to join.

A major drawback of this kind of pressure to hire is that Companies can get so carried away with the need to hire a specific candidate, they put all the best practice recruitment steps to one side and can end up hiring badly.

According to Forbes, the U.S. Department of Labour puts the cost of a bad hire at 30% of the annual salary for that position. In the UAE the cost of a bad hire is much higher as we need to factor in the cost of visa and potentially the relocation costs of the candidate.

McKinsey & Co. states that hiring a ‘top performer’ over an ‘average performer’ yields up to 67% more productivity and profit.

There is a lot at stake every time you fill a position at your Company. Here are six other benefits you will enjoy if you hire the right candidate the first time around.

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Why does it have to be so complicated?

There is no denying that technology has advanced at a pace, making it easier for Companies to update Company websites and Apps on their own, without the need for external professional help. 

Ordering and requesting services on line is normal, the need for human contact is minimising as the world evolves.  This is often referred to as the reason why the high street is slowly dying as customers look to simplify their lifestyles, ordering food and clothes from the comfort of their own homes.

In a study by Google in August of 2012, researchers found that not only will users judge websites as beautiful or not within 1/50th – 1/20th of a second, but also that “visually complex” websites are consistently rated as less beautiful than their simpler counterparts.

This want for simplicity and ease of use this is where Companies can miss a trick.  Their websites and Apps may be designed on aesthetics rather than customer ease of use.

Let me give you an example from this week that proves the point.  Booking seats at the cinema.

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4. How Being on Time and Being Organised Can Help You Succeed

There are a lot of different factors that come into play when it comes to being successful. Today, let’s focus on two of them (being organised and being on time) that can make a huge difference in your day-to-day life.

Think back on some of the most successful people you’ve met in your own life. The chances are they were good at both of these - organised and being on time.

There’s a reason why both of these factors will make such a big difference when it comes to being successful.

Both being on time and organised can help you make the best possible use of your time and energy. When referring to energy, it includes both mental and physical energy.

We have a limited supply of both along with being restricted to 24 hours on a given day. In other words, both time and energy are limited resources. What being on time and staying organised helps with is making the most of those resources and focusing them on tasks and activities that help us reach the goals that define success.

There are two different ways in which being both on time and organised will help you succeed. Let’s look at both of them and then briefly discuss how to get better at them.

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3. Success does not Happen Overnight – Be Patient and Persistent

I’m tired of hearing about overnight successes, aren’t you?

Sure, it makes for a great headline when an unknown band has a hit song, an author hits the bestseller list, or a guy at the office moves up into management in record time. It makes for an interesting story. 

In an ideal world, we all want to reach our goals and become smashing successes overnight without all the hard work, tears, and sweat. But there’s a problem with that narrative.

Nine times out of ten, that overnight success was decades in the making. We just don’t often hear about it because it’s not the exciting part of the story. The authors who hit it big with their first published book has spent years crafting their skill. They’ve had dozens of manuscripts and drafts rejected before hitting it big with their overnight success.

The same goes for your favorite band, actor, director, and even the guy doing what you’re doing, who seems to climb the ladder of success much faster, skipping rungs along the way.

In the business world it took Apple and Starbucks over 20 years to Scale Up!

Success doesn’t happen overnight, and you shouldn’t expect it to happen for you. It takes work and time. That’s why some of the best basic success skills you can develop are patience and persistence.

The two work hand in hand. If you can make yourself chip away and make a little progress every single day, and have the patience to wait for that work to accumulate, you will be able to reach even the loftiest goals.

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Success Part 2: Prioritisation and other Success Skills

I’m going to let you in on a secret. You can’t do it all, and you can’t have it all. We are all limited to 24 hours per day and our energy to accomplish things during that time is limited as well. It’s also why it’s important to get good at prioritisation when it comes to success. This idea of choosing what to do when and what to focus on “right now” comes into play in a few different ways.

Following last week’s blog, I want to take a look at 3 areas that we should consider when prioritising for success and suggest 10 Success Skills that are helpful for us to develop to enable us to achieve whatever success means for each of us.

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