Creating a “Company Leader in the Industry” takes constant development of all team members.
It is a must for your company, to be proactive in terms of :
- acquiring new business leads and to retain current clients,
- developing/improving new products or services, and
- attracting and/or retaining the best talent to give you the best opportunity to get a fine edge and a real competitive advantage over your competition.
Although, all aspects are equally importantly, this post will focus on the third one, of attracting and/or retaining the best talent for your organization to help you become a : “Company Leader in the Industry”.
Hiring is key for any size organization; whether you are part of a small company or a big company. On one hand, a small organization can feel the negative impact of a bad hiring decision almost instantly, where resources are often times limited; making relatively easy to understand why any poor hiring standards will lead into wasted time and money.
In rather large organizations, it might take some time to quantify the impact of a bad hire, since new associates can blend in easily; therefore making it a real priority for the hiring decision maker to try to discover potential flaws, that can affect morale in other areas of the company and deprive the company of a healthy company culture.
We have identified top five reasons why you should get the best talent for your company:
- Share your mission and vision; if a potential hire does not know where your organization stands, where it is going and what are its values that hold it all together; how can you expect them to compromise?
- Do not wait until you need a new employee to start looking for potential candidates; if you are not looking to hire right now, this might be a great time to develop your already existing human capital. Finding the right person might take time; do not wait.
- Promoting a good employee doesn’t mean he/she will be a good Manager; this is a common problem for organizations of all sizes. Good employees don’t necessarily make good managers; as a different skill set is needed to lead and develop others. Sometimes it’s okay to look outside your current pool of employees.
- Train the trainers. Train current managers, to train and develop their employees. Cross-training can be a good fit for your organization; not only, it will continue developing your current employees’ skills, but it might be used as way to boost employee morale, develop teams and get everyone in the organization learn from each other.
- Be clear. Clarify your expectations with any new potential hires. No need to sweet talk here. Being upfront, not only it will show respect to all applicants; it will also show you what reasonable efforts, any new potential applicant is willing to make to be part of a winning team.
We hope, considering these five reason will give you some insight in Creating a “Company Leader in the Industry”. And if you are already there, it will help you stay competitive and innovative for the long run.