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Interview day
Interviews need to be more than a series of scored, one-way, closed questions. Employers also need to stop quietly assuming every candidate just can’t wait to work for them. Hiring managers who take long-term hiring seriously make a concerted effort in creating an open and reciprocal interview environment for their candidates. As discussed in the previous post, they also value the presentation of an attractive image of the company, their culture and their values. Part 3 of long term hiring focuses on the most tangible portion of hiring – interview day.
Interview Method
As COVID-19 restrictions are enforcing social distance, video interviews have become the norm over the past year. The majority of businesses still use phone interviews as a screen of course but hiring managers should actively embrace video call software for effective and long-term focused hiring. For managers who move through a high numbers of candidates, time management becomes a key role in the hiring process. Compared to in-person interviews, video interviews can save a significant amount of time for both the employer and the job seeker. Video interviews tend to reduce small talk and introduction time in waiting rooms, board rooms, etc. Second, video interviews allow managers to subtly observe the candidate’s technological abilities. Depending on the role, managers would inevitably want to hire someone with basic knowledge of computer usage and video interviews can provide a clue into the candidate’s basic technological capabilities.
Conducting the “Two-Way Interview”
One of the main concepts that have been overarching throughout this series is the idea of the “two-way interview”. After proper preparation, hiring managers should understand the skill set, experience, and culture-fit of an ideal candidate. The next step for managers is to reflect these aspects into interview questions. Implementing behavioral / situational questions is important to assist in determining the culture fit of a candidate. Additionally, to make the candidates be at their most authentic “self”, managers should make an effort in creating a welcoming environment for the candidates, keeping the majority of questions open and conversational.
3 examples of culture questions to consider
Proper Follow-Up
While the candidate is typically the party that should follow up first to express their interest and thank you the interview, the employer needs to be mindful of their prompt follow up as well. If the candidate is one you are interested in, setting expectations for timelines is very important. This is a reflection of working with your organization and you want to demonstrate respect and transparency right away. What are the next steps, when should they expect to hear back, providing any feedback from the interview, as well as any potential further requests for references, demonstrations of work, etc.
There are many elements that feed into a strong hiring process that facilitates long-term hires. Presenting a strong company pitch, focusing on culture-fit, and carefully considering that candidate experience are three ways to ensure you’re on the right track to landing long-term talent.
For questions on how you can make improvements to your long-term hiring, reach out to us here, or send an e-mail to [email protected]
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The Two-Way Interview
One of the most important concepts in hiring that managers tend to forget is that the interview is a two-way process. Interviews are often reduced to a set of one-way questions from the managers to confirm resume info and judge personal or technical abilities. But there remains a great opportunity for the managers and candidate to meaningfully engage and understand one other before moving forward in the hiring process. While candidates need to prepare themselves to impress the managers, managers also need to be prepared to present their business and values as impressive to the candidates. This requires strategical preparation on the manager’s end and is not an easy task to do.
While often unspoken, or even unconscious, there is an underlying tendency to think every candidate is dying to work for your organization. It would come as a surprise to no one to learn this is not always the case. In todays work climate candidates have become more selective on where they choose to work. Job seekers take the overall employee experience, job satisfaction, and their employers’ social responsibility into heavy consideration. In preparation for the interview, it is helpful to consider the items outlined below.
Deconstruct your business. Pitch your values.
Before jumping into an interview, managers need to deconstruct their company structure and values in detail. It may seem obvious that managers would know their company structure and values, however, it comes to question if managers are accurately delivering this information to the candidate.
Repeated survey analysis indicate that the number one reason people quit their job is due to a poor relationship with their boss/manager. It stands to reason that if most people leave a job because of poor relationship with management, they will place high value on finding a job that promises the opposite. This stresses the importance of the hiring manager taking time to demonstrate what the candidate can expect from management and coworkers, as well as the emphasis they place on their values and work culture. These items are significant factors that play into the right hire wanting to work for your organization in the first place. When you start there, longevity and long-term hiring will follow.
Here are some questions on company culture and values that managers should ask themselves prior to holding the interview:
Taking the extra time to consider these questions prior to the interview will help provide an opportunity to address them head-on with the candidate. Answering questions on culture and values before they are asked helps ensure the exceptional candidate accepts your offer and not your competitor’s.
Part 3 of the “Long-term Hiring” series, will discuss the interview itself and how it related to long term hiring.
For questions on how you can make improvements to your long-term hiring, reach out to us here, or send an e-mail to [email protected]
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Introduction
As the Canadian economy continues to deal with the COVID-19 crisis, many businesses are still struggling to survive the financial impacts of the pandemic. In 2020 the BC Chamber of Commerce reported that 54% of the businesses surveyed has experienced a revenue decrease of more than 75%. Canada wide, 66% of businesses had experienced a revenue decrease over 50%. Hiring managers, among many other positions, have hit the bottom of their budgets, with many organizations forced to lay off workers to sustain their business. In 2020, CPABC stated that the unemployment rate jumped from 4.3% to 11.5%, putting the Canadian labour market in a severely unbalanced state. Encouragingly we’ve already seen this number come back down to 7.2%. For businesses not just looking to survive COVID, but to thrive – investing in talent remains as important as ever. This 3-part series on long term hiring will present strategies on how to hire top talent for your organization and how to keep them for the long-run.
Why is long term hiring so important now?
Cost Minimization
For companies trying to sustain their business, cost optimization has become more essential than ever, especially labour costs. For service sectors, labour costs tend to be the majority of operating costs, ranging up to 50% of total operation costs. And the cost of losing an employee and having to re-hire is significant. In fact, replacing a mid-level role costs approximately 20% of the annual salary. For higher-level roles, it could cost up 200% of the annual salary. Cutting cost in the hiring process, and therefore overall expenses, and will free up financial capacity for managers, lending to sustainable growth in the long run.
Employee Retention
Employee retention is a crucial component of long-term hiring. It starts with a flow of talented candidates joining the business, but this is meaningless without strong retention. With a focus on long-term employee health, satisfaction, and growth, employees will be satisfied and motivated working in their positions, naturally lowering the turnover rate. Low turnover rates directly correlate to minimizing labor costs, which shows the importance of long term hiring.
Business Growth
Employees that have stayed with your company long-term have hopefully become veterans and mentors to help newer employees grow and become successful. Having a greater ratio of long-term staff will give your team more expertise and help improve the company culture and morale. The team dynamic will be strengthened, and employees will be around long enough to see long-term goals realised. Achieving big-picture goals leads to increased motivation, work fulfilment, and completes the cycle by improving retention.
Part 2 of the series will discuss how the time before hosting any interviews is the crucial time to consider and improve upon long-term hiring practices.
For questions on how you can make improvements to your long-term hiring, reach out to us here, or send an e-mail to [email protected]
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