Posts Tagged with "hiring"

#12b: The high cost of high employee turnover.

High employee turnover is one of the greatest threats to the long-term success of business. Consider, first, the monetary cost of an employee leaving. Around 20% of all people-related expenses are attributable to turnover:Read more →

Reference #58: An Elegant Puzzle

Small companies tend to rely on referrals for job candidates. Large companies rely more on sourcing candidates.Read more →

Reference #87: How Netflix Reinvented HR

Netflix prefers common sense over formal HR policy. These policies are generally written for only a small percentage of employees; Netflix aims at not hiring these people in the first place, or letting them go if they are already hired.Read more →

Reference #99: 21st-Century Talent Spotting

Potential is the most important predictor of success for all levels of management. In a previous era of talent-spotting, businesses hired for competence (which itself followed an era of hiring for IQ). However, businesses are now constantly evolving, so competencies do not always stay relevant.Read more →

Reference #151: Peopleware

Aptitude test during the hiring process can predict success in the immediate role but not in those that follow.Read more →

Reference #152: Peopleware

Much of the work in our roles is sociological and involves communication, and so part of the interview for these roles should be too.Read more →

Reference #154: Peopleware

Employee turnover costs about 20% of all people-hour expenses. This is due to the cost involved in hiring a new employee, as well as the several months it takes for the employee to be fully productive.Read more →