The Top Five Reasons Your New Recruits Fail
Leadership IQ CEO, Mark Murphy tracked 20,000 new recruits over a three year period. Within their first 18 months 46% of them had failed (got fired, had poor performance reviews, etc). Lack of skills only accounted for 11% of failures, 89% was down to attitude. Whilst these figures may seem shocking, they are pretty consistent with many studies over the years.
The Top Five Reasons New Recruits Fail
- Coachability (26%) – the ability to accept and implement feedback from bosses, colleagues, customers and others
- Emotional Intelligence (23%) – the ability to understand and manage one’s own emotions and accurately assess others’ emotion
- Motivation (17%) – sufficient drive to achieve one’s full potential and excel in the job
- Temperament (15%) – attitude and personality suited to the particular job and work environment
- Technical Competence (11%) – functional or technical skills required to do the job
Hire for Attitude
The biggest challenge in recruiting therefore, is not determining whether someone has the skills or not but determining whether someone has the right attitude to be a good fit for your organisation. Figuring out if someone has the skills is relatively easy – you can look at their qualifications, work experience and there are lots of ways to test for skills. And we constantly hear about people with lots of skills who are poor performers. Skills still count but the evidence tells us that attitude is the issue that should receive most focus when we’re recruiting.
So does your recruitment process ensure your hiring for attitude?
PS Mark Murphy describes how to do this in his book Hiring for Attitude, but there’s a quicker and easier way to get started- Harrison Assessments.
For more information on how to recruit, inspire and develop your people, please reach out to me at stephanie@originhrsolutions.com or connect with me on LinkedIn.
A new vision of minimum pay
Source: Courtesy of Dan Price, Facebook
I heard about Seattle CEO Dan Price on the radio this morning and his approach to happiness. He’s CEO of Gravity Payments a credit card processing company with 120 employees, who’s cut his own salary by 90% to pay everyone on his team $70,000, as a minimum. He told ABC News he settled on the figure of $70,000 after reading a University of Princeton study, which found that increases in income above that did not have a significant positive impact on a person’s happiness. “I’m a big believer in less,” he added. “The more you have, sometimes the more complicated your life gets.” You can view the announcement on Youtube and hear some of the press comment in the USA on Dan’s bold move.
So as we head for the weekend something to think about in Dan’s approach and I wonder how many CEOs will follow in his footsteps? Anyone like to make a guess? Will it change views on the minimum wage anywhere else?
30 seconds of sense
Brian Dyson, the President and CEO of Coca-Cola Enterprises in a commencement address at Georgia Tech in 1996 identified in the first 30 seconds of his speech a great way of thinking about what matters in life. I was reminded of his incredible words today by a colleague, so went in search of them. Brian’s most quoted 30 seconds are below and the rest of his speech which focuses rather helpfully on how to achieve balance in life. His words are probably even more helpful today, than when he first said them, as we all try to juggle the competing demands on our time.
“Imagine life as a game in which you are juggling some five balls in the air. You name them – work, family, health, friends and spirit … and you’re keeping all of these in the air.
You will soon understand that work is a rubber ball. If you drop it, it will bounce back. But the other four balls – family, health, friends and spirit – are made of glass. If you drop one of these, they will be irrevocably scuffed, marked, nicked, damaged or even shattered. They will never be the same. You must understand that and strive for balance in your life”.
How?
Don’t undermine your worth by comparing yourself with others. It is because we are different that each of us is special.
Don’t set your goals by what other people deem important. Only you know what is best for you.
Don’t take for granted the things closest to your heart. Cling to them as you would your life, for without them, life is meaningless.
Don’t let your life slip through your fingers by living in the past or for the future. By living your life one day at a time, you live all the days of your life.
Don’t give up when you still have something to give. Nothing is really over until the moment you stop trying.
Don’t be afraid to admit that you are less than perfect. It is this fragile thread that binds us to each together.
Don’t be afraid to encounter risks. It is by taking chances that we learn how to be brave.
Don’t shut love out of your life by saying it’s impossible to find time. The quickest way to receive love is to give; the fastest way to lose love is to hold it too tightly; and the best way to keep love is to give it wings!
Don’t run through life so fast that you forget not only where you’ve been, but also where you are going.
Don’t forget, a person’s greatest emotional need is to feel appreciated.
Don’t be afraid to learn. Knowledge is weightless, a treasure you can always carry easily.
Don’t use time or words carelessly. Neither can be retrieved. Life is not a race, but a journey to be savored each step of the way.
Source: The Leadership Hub
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