Business Beware: Do's and Don'ts of Hiring
There are more than 14 million people looking for work, and many could make good additions to your company.
But just because it's a buyer's market doesn't mean you should throw up a description on the job boards. Hiring someone is expensive. Landing a bad candidate can be disastrous. So, if you're in the enviable position of being able to hire, here are 10 things recruiters and HR experts say you need to keep in mind before and during an interview:
Know yourself: Hiring someone who will be a good fit means you first have to know what your business stands for and what its culture is. You'll need it to figure out whom you want to hire and also how you may need to adjust that culture when adding a new person. "When you've been a team of four or five people and you've been working together for five to 10 years, you take a lot for granted," says Heidrick & Struggles' partner Alex Alcott, who leads the investment bank sector in North America. "A new person has to learn all that. One person coming into a team can cause problems if they don't understand and fit the working style."
Conversely, if you have a unique corporate culture, it can be a powerful tool to woo the best and the brightest.Get the job description right: Too often you have a set of tasks that need to be done so you think hiring someone to do them all is the answer. Wrong, says Kathleen Kurke of the Star Bridge Group. Those tasks may require conflicting personalities. So be realistic about what you want done.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV