Editor's Note: This post was originally published in October 2015 and has been updated for freshness, accuracy, and comprehensiveness.
The Business Development Bank of Canada’s article – "The Five Do’s and Five Don’ts of Successful Businesses” – says “The most successful firms felt their biggest competitive edge came from offering a stimulating work environment and positive company culture.”
The article also says, "Over 60% of the most successful firms are willing to take several months or longer to find and hire only very strong candidates for key roles and positions.”
There is a direct correlation between hiring the best and being successful.
Making Hiring Decisions
As a business manager or owner, your hiring decisions are critical – but how often are you forced to hire someone who isn’t perfect for the job simply because you need to fill the position? Doing so is likely having a detrimental long-term effect on your business.
The Cost of Not Hiring the Best
The cost of not hiring the best is significant, because good employees make good decisions. And if you don’t hire the best, are you placing your long-term success in the hands of weak people?
The next time you need to make a hiring decision, think about your long-term success. Ask: What are the skills that would best fit the position I’m hiring for? What skills will strengthen the areas where my management team is weak?
How to Get the Best
Attracting and retaining the best employees requires more than just money. After we hire the best, we need to keep them engaged and productive. You may be asking yourself, “What if I hire and train my employees and they leave?” Consider this instead – “What if you don’t train your employees and they stay?”
You end up with a lot of employees who don’t know anything.
The new generation of employees will require a positive employee culture that stimulates the mind as well as strong training and personal development programs.
It’s time to start looking at the employee-employer relationship as a partnership where you both win.
Contact Asyma Solutions for more information about hiring, engaging, and retaining the best employees.