5 most costly hiring mistakes

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Post on 20-Jul-2016




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How to find and hire the best employees


  • The 5 MOST Costly Hiring Mistakes Companies Can MakeNewly Developed Technology Exposes Why...

    Youre MISSING the BEST Talent for Hire

  • Sound Familiar?

    Are You Seeing More Less Qualified Applicants?

    Is It Taking Longer to Fill the Right Position with the Right Person?

    Are You Experiencing Interview Fatigue Trying to Fill All Your Vacancies?

  • Ill show you how to reduce this by up to 78%, but first

  • Times Have Changed...

    20 Years Ago a Single Ad Would Bring in 5-7 Rsums a Week

    Because of Certain Hiring Breakthroughs, Today, a Single Ad Can Bring in As Much As 200 New Rsums a Week!

  • Hiring Breakthroughs

    1994: Robert McGovern was the First to Host a Job Posting Online1

    1995: LA Times, Boston Globe, Chicago Tribune, New York Times, San Jose Mercury and Washington Post Create CareerPath.com2

    2003: LinkedIn Launched3

    2013: CVirtual Introduced Video Interviews

    Sources:1. Peter Behr, David Segal, High-Tech Turks Lure Big-Buck Backers; Outside Investment Grows but Trails Other U.S. Centers, The Washington Post, Nov. 4, 1996, pg. F05!2. Jesus Sanchez (1995, October 18), "THE CUTTING EDGE: COMPUTING / TECHNOLOGY / INNOVATION; 6 Papers Launch On-Line Help-Wanted Classifieds; Advertising: With 23,000 entries, employment service initially will be free to job-seekers:[Home Edition]", Los Angeles Times ,p. 4. Retrieved December 18, 2008!3. http://www.linkedin.com/about-us

  • Wheres the Market at Today?

  • I know this looks like my kids scribbled all over it, but it actually is very important because job market problems today lead to hiring problems tomorrow.

  • The Beveridge Curve


    A graphical representation of the relationship between unemployment and the job vacancy rate.

    Higher levels of unemployment... imply decreasing efficiency in the labor market.

    Inefficient labor markets are due to mismatches between available jobs and the unemployed.

  • In Other Words

    Many of the Current Job Seekers Do NOT Have the Skills Necessary to Be Hired for the Jobs Theyre Applying for

  • US Job Market Snap Shot

    119,335,000 Employed Workers Currently Seeking Better Employment


  • 27.1%

    Searching for Employment Passive Job


  • Job Market Snap Shot

    12,806,000 Currently Unemployed Searching for Work


  • More Than 5.5 Million People Have Been Unemployed for

    6 Months or Longer!!

  • Job Market Snap Shot119,335,000 US Employed Workers Currently Searching for Better Employment

    12,806,000 Currently Unemployed Searching for Employment



    132,141,000 People Currently Competing for Employment

  • For Every Job Opening Available There Are 2.6 People Competing for That Position

  • 7,600,000 Applied for 65,000 Starbucks Jobs

    1,000,000 Applied for 2,000 Proctor and Gamble Openings

    2,000,000 Applied for 7,000 Google Openings

    Source: http://knowledge.wharton.upenn.edu/article/why-the-job-search-is-like-throwing-paper-airplanes-into-the-galaxy/

  • Source:"http://www.dailymail.co.uk/news/article-2352011/Up-160-graduates-chase-job-Leading-firms-increase-number-applications-role.html

  • Does Competition... Bring Out the Best?

    Meaning: Does the cream

    rise to the top?

    Bring Out the Worst?

    Meaning: Does it take

    longer than normal to find the right candidate because theyre getting lost in all the clutter?

  • Source:"http://career-advice.monster.com/job-search/company-industry-research/despite-unemployment-many-jobs-hard-to-fill-hot-jobs/article.aspx

  • Technology:

    Blessing: Now More Than Ever an Employer Can Reach Hundreds, If Not Thousands of Job Seekers or...

    Curse: The Same Employer Can Have Their Post Overlooked Because of Every Other Competing Job Post Out There

  • Source:"http://www.craigslist.org/about/factsheet

  • Source:"http://www.careercast.com/career-news/employers-craigslist-job-postings-contain-hidden-cost

  • Sound Familiar?

    Are You Seeing More Less Qualified Applicants?

    Is It Taking Longer to Fill the Right Position with the Right Person?

    Are You Experiencing Interview Fatigue Trying to Fill All Your Vacancies?

    Now You Know Why!

  • What No One Is Willing to Talk About

  • The True Costs of a Bad Hire

  • Source: "http://www.nbrii.com/resources/infographics/nbri-infographic-thecostofabadhire.png

    Average Hiring Costs

    Total = $32,500

    $500 Advertising Expense

    $2,500 Interview Costs

    $7,500 Hiring Costs

    $22,000 Training Costs

  • What About

    What Will All That Cost You?

    Loss Productivity Costs

    Disruption Costs

    Missed Opportunities

  • Source:"http://www.forbes.com/sites/mikemyatt/2012/09/27/the-1-reason-companies-make-bad-hires/

  • Are You Settling?

  • What is Your Hiring Process Like?

    Youre Presented with 8 Qualified Candidates

    You Choose to Interview 6...

    After 6 Hours of Interviews

    No One Stands Out

    Interview Fatigue Begins to Set In

    What Do You Do?

    Do You Settle for Good Enough?

  • Source:"http://www.forbes.com/sites/mikemyatt/2012/09/27/the-1-reason-companies-make-bad-hires/

  • Source:"http://www.inc.com/tom-searcy/the-problem-with-being-good-enough.html

  • Are You Accidentally Building a Good Enough


  • Would You Agree?

  • Source:"http://www.forbes.com/sites/mikemyatt/2012/09/27/the-1-reason-companies-make-bad-hires/

  • You Can Hire the Best, But First You Need to

    Watch Out for

  • 5 Hiring Mistakes

    Companies Make

    1. Overusing the Same Job Boards

    2. Not Utilizing Facebook

    3. Relying Too Much on LinkedIn

    4. Ignoring Twitter

    5. Not Leveraging Video Interviews

  • 1. Overusing the

    Same Job Boards

    Problem: Going After the Same Hiring Pool

  • Source:"http://blogs.hbr.org/cs/2013/03/why_employers_arent_filling_th.html

  • Job Boards Only Target Active Job Seekers

    Youre Missing Out On the Hidden/Passive Job Seekers

    Youre Not Finding the OnesWho Are Not Looking

  • 2. Not Using Facebook

    Problem: Not Using the Facebook Stalk to Find Top Talent

  • Source:"http://techcrunch.com/2011/11/16/social-recruiting/

  • 3. Relying Too Much

    on LinkedIn

    Problem: Using LinkedIn as Your Go-To Hiring Silver Bullet

  • Source:"http://www.fastcompany.com/1815993/fast-talk-meeteor-facebook-stalk-job-you-want

  • LinkedIns Main Goal is for People to Network

    How Many Business ProfessionalsDo You Know Who Are Still Not on LinkedIn But Are on Facebook?

  • 4. Ignoring Twitter

    Problem: #NotKnowingHowToUseTwitter

  • Source:"http://www.cbsnews.com/8301-505143_162-40245242/how-to-use-twitter-to-find-amazingemployees/

  • 5. Not Leveraging

    Video Interviews

    Problem: Wasting TOO Much Time Interviewing

  • Spending All Day or Several Days Interviewing?

    Video Interviews Reduce the Amount of Time You SpendConducting Face-to-Face Interviews

  • Who ALREADY Uses Video Interviews...


  • Source:"http://www.businessweek.com/smallbiz/news/coladvice/book/bk981106.htm

  • Source:"http://www.perfectlaborstorm.com/2012/recruitment-2/how-many-job-applicants-does-it-take-to-find-one-qualified-candidate/

  • The BEST Way to Find Top Talent FAST!

  • Virtual Interviews...

    ...Create a Faster Time-to-Hire

    ...Reduce Travel Expenses

    ...Produce a Sustainable Hiring Model

  • Virtual Interviews...

    ...Expand Your Candidate Pool

    ...Can Be Viewed Virtually Anywhere

    ...Reduce Interview Fatigue

    ...Are Easy to Use

  • Source:"http://www.businessweek.com/smallbiz/news/coladvice/book/bk981106.htm

  • Source:"http://staffingtalk.com/are-video-interviews-becoming-the-norm/

  • Easy As 1-2-3

    3. Review Recorded Interviews at Your Leisure

    1. Choose and Record Your Questions

    2. Send Out Your Virtual Interview Link

    + +

  • Recording Your Questions

    Record Your Own

    Choose from a List of

    Pre-Recorded Questions

  • Post an Interview Link

    Send Out Your Interview Link to Their Applicant Pool or

    Host Your Link on a Job Board or Social Media Site

  • Review At Your Leisure

    Can you see how much easier it will be to find the right person for the job?

  • Streamlined Process

    Once Youve Found the Right Candidate for the Right Position...

    Invite Them in for Live Interview

  • Can You Do This On Your Own?

    Of Course You Can!


  • and

    Youll Still Have to Coordinate Schedules

    Eliminates Reviewing at Your Leisure

    Hope that Technology Works Properly

    Cant Be Recorded or Shared

  • But Theres Still One Problem

    Live Video Interviews Are Nothing More Than an Untested Resume

  • You Can Review at Your Leisure

    BUT Their Intervi