The 5 most common executive recruitment mistakes that hurt emerging companies
There are any number of stats and calculators around that show how much it costs businesses when they make recruitment mistakes and turn-over executives.
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When the demand for A-Grade people is greater than the supply, why do so many companies still spend most of their time, effort and energy targeting the 17% of people who are actively looking – when most A-Grade people are part of the 83% who aren’t[1]?
A key reason is that companies continue to rely on a ‘surplus supply of candidates’ mentality when approaching recruitment. They think of hiring A-Grade employees as a ‘numbers game’ – with the objective of getting as many people as possible to apply so there will be a better chance of finding a good person. This approach is fundamentally flawed.
Because A-Grade candidates are in scarce supply, companies must consider the hiring process from the perspective of an A-Grade candidate who is currently employed, highly engaged and has multiple job opportunities to choose from.
A-Grade people don’t look for work the way average people look for work. A-Grade people won’t just fire off their resume at the first hint of a job. They want to learn about the potential upside first. They aren’t interested in sideways/lateral moves – they are interested in career progression. They are less interested in a stale position description outlining the day-to-day tasks – and more interested in growth, a chance to maximise their abilities and to become better at what they (want to) do.
If you want to recruit A-Grade people, you need an A-Grade approach. We recommend your recruitment process incorporates the following: