Companies have a problem today, particularly well-known ones: because the Internet keeps everyone connected and a lot of people want to work at these prestigious organizations, their HR teams are being overloaded with job applications. So, many large corporations today rely on resume scanners (most of which come as part of Applicant Tracking Systems, or ATSs), which scan resumes for certain keywords and then ranks candidates based off the results. Which works really well unless…. The person has their resume in PDF form. Or they put their work dates in the wrong place. Or they call their experience anything other …Read more »
Category Archives: Perfecting The Hiring Process
5 Steps To Building The Perfect Job Interview
Hiring well is crucial to any organization’s success, and an important part of that is the interview. After all, the resume can give you some basics, but the interview is your primary chance to uncover real insight about your applicant pool. But how does that happen? Can you really tell the strength of a candidate from a 20-minute interview? The answer is yes, if the interview is built correctly. The keys to a great interview are: Having A Clear Understanding of the Job The goal of any interview is finding out if the candidate has the skills and personality traits …Read more »
The Only Competitive Edge That Matters In Business
Google was not the first search engine. Amazon was not the first eCommerce site. Walmart was not the first big-box department store. And yet all three are at the top of their respective industries. Why? Execution. And that all comes down to hiring the right people. The point is it isn’t about being first. It isn’t even necessarily about having the best idea. It is about doing it better than everyone else. And the only way to do that is to get the right people. Think about it. If a sports team was struggling, the solution wouldn’t be to get …Read more »
Report: HR Takes Less Than 5 Minutes To Review A Resume
There is no more crucial aspect to any organization’s long-term success than hiring. Just one stat: a top-performer at a company, on average, is worth at least 14 times their salary while a terrible employee can cost 30 percent of theirs. That’s more than a $700,000 difference between just one great $50,000-a-year employee and one bad $50,000-a-year employee. Multiply that total over your whole company, and obviously it is a tremendous amount of money. And yet a recent report by the Society for Human Resource Management states that the average human resources professional spends less than five minutes reviewing a …Read more »
Facebook’s $19 Billion Hiring Mistake – And How To Avoid It
In 2008, Jan Koum and Brian Acton applied to work for Facebook. Neither was hired. So instead, the two created an instant-messaging company, WhatsApp Inc. In 2014, the duo agreed to sell the company to Facebook for $19 billion. Imagine if Facebook would have hired both men in 2008 and gave them freedom to create. They could have developed that same software for Facebook and, even if they would have been paid salaries of $5 million a year each, it still would have saved the company a cool $18,940,000,000 or so. Now we don’t know the specifics of the hiring …Read more »