Mark Murphy, author of “Hiring for Attitude” tracked 20,000 new hires for 18 months and determined that 46% of them resigned or were terminated during that period. Perhaps even more surprising than the failure rate, was that 89% of the failures were due to lack of cultural fit and only 11% were due to a lack of skill.
Hiring for the right cultural fit, as well as the right skills is key to improved employee retention.
Here are some hiring hints that you may wish to share with your team:
1) Define your company’s culture.
Identify and document the values and other characteristics of your company’s culture, i.e. customer centric, informal, performance-oriented, etc.
2) Use culture-based interview questions.
Prepare interview questions that reflect your company’s culture. For example, you might ask if the Candidate prefers a compensation plan in which all employees receive the same or similar annual percentage increase or a plan where employees receive increases based on their performance.
3) Don’t wait to focus on cultural fit.
Sometimes, hiring managers interview for skills first and defer cultural fit questions for the final recruiting stages. This approach may lead to finalists who possess the skills that you require, but who are not a cultural fit.
If you would like to read other helpful articles, please visit the CNI Recruiting Blog. If you would like assistance recruiting candidates who are a fit for your company’s culture, please contact me today!
As part of our commitment to achieving world-class service, CNI Recruiting publishes and shares periodic articles of interest.