From the course: Performance-Based Hiring
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Integrating performance-based hiring
From the course: Performance-Based Hiring
Integrating performance-based hiring
- Are you aware that most companies spend 80 to 90% of their hiring efforts targeting 10 to 15% of total talent market? It took me about five years to figure this out by benchmarking how the best managers hired the best people and how the best people found their jobs. Most candidates who change jobs found their jobs by networking. So if companies want to reach the full talent market, they need to spend at least 65 to 75% of their hiring efforts on outreach programs targeting passive candidates and employee referrals. However, you can't use the same weed out the weak hiring process for referred and passive candidates as you do for active candidates. Instead, you need to attract these people into your company. This can be done by thinking about the entire hiring process backwards. Here's how. First, break the hiring process into four big categories. The first one is have. This is what a company requires a person to have in terms of skills…
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