Are Your Hiring Practices Making It Hard to Grow Your Company?

Everybody wants their company to grow.

But growth makes your business more complicated to run and invites competition.

Both factors mean organizations need to hire better people, not only to grow with the company, but to enable the company to grow even more.

Entrepreneurs like Jeff Bezos and Steve Jobs have always said their success was a product of the people they hired.

Nvidia calls this “inventing the future” and hires accordingly.

In the short term, such practices can cost more, but over time, they save money because the businesses are not constantly hiring people who come and go quickly.

That’s why it’s unfortunate that many companies view hiring as a cost.

Even worse, most businesses and their HR departments only keep two statistics on hiring – time-to-hire and cost-per-hire.

For longer term success, companies need to track retention and promotability.

Bond & Company has tracked both metrics for 30+ years.

·      Over 50% of the people we have placed are still with that organization after five years.

·      Close to 100% of the longer-term employees have been promoted at least once.

We use a 5-step system we call Smarter Search.

I’d love to discuss how we can use it to help you hire people who will stay, contribute, and get promoted. (https://bondandcompany.com/smarter-search)

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