The Power of Hiring on Behaviours
In the puzzle of recruitment, hiring the right person goes beyond assessing skills and experience.
It should involve understanding the candidate’s behaviours and how these align with the role and company culture.
The cost of overlooking this aspect is an expensive one, its estimated that a bad hire can set a company back a whopping £100K.
This figure includes the time and money invested in recruitment, onboarding, training, and salary.
Why Behavioural Surveys Should Be Your First Step
Surprisingly, many businesses still rely solely on traditional hiring metrics like skills and experience. Yet, they often end up terminating employment due to behavioural mismatches. So, why not assess behaviour before offering a contract?
Incorporating behavioural surveys at the outset, rather than as an afterthought, can provide crucial insights into how well a candidate will fit into your team.
A smart approach is to evaluate your star performers in similar roles and develop a benchmark profile. This profile can then be used to gauge how well potential candidates align with the traits that lead to success in your organisation.
Key Benefits of Behavioural Hiring:
- Improved Team Dynamics: Ensures new hires complement existing team members.
- Reduced Turnover Rates: Matches candidates with roles suited to their natural tendencies.
- Increased Productivity: Places individuals in roles where they can excel naturally.
- Enhanced Job Satisfaction: Employees are more content and engaged in roles that align with their behaviours.
For instance, if your top performers are outgoing, innovative, and self-driven, a reserved candidate who prefers structured tasks might struggle to integrate. This mismatch not only affects the individual’s performance but can disrupt team dynamics.
In The Real World: Vista Equity Partners’ Approach
Robert Smith, the founder, Chairman, and CEO of Vista Equity Partners, a prominent private investment firm, underscores the value of behavioural assessment in recruitment. Vista requires all employees and recruits to undergo a personality-and-aptitude test. This approach helps in assigning people to roles where they’re likely to excel. For example, sales roles are better suited to extroverted individuals, while software development may suit introverts better.
The focus is on finding the right person for the job, irrespective of their background or credentials. This strategy has led to a diverse workforce, with 35% of Vista’s portfolio-company employees being women, and has been crucial in their success in acquiring and growing over 500 software companies.
The Benefits and Beyond
Behavioural hiring is a fundamental shift in the recruitment paradigm. It allows for a more equitable and unbiased approach to talent acquisition. Moreover, it identifies individuals who, although they might not have the most impressive resumes, possess the potential to excel and grow within the company.
At NRG Resourcing, we understand the value of behavioural testing in enhancing employee retention and ensuring a harmonious team dynamic.
Our approach is tailored to identify candidates who not only have the requisite skills but also exhibit behaviours and values that align with your company culture.
Curious about how behavioural testing can revolutionise your hiring process? Book a free, no-obligation call with me to discuss how we can integrate this powerful tool into your recruitment strategy.
Taking Action
If you’re committed to hiring high-quality, behaviourally suited talent, let’s connect and discuss how we can redefine your recruitment process, ensuring each new hire is not just an addition but a lasting asset to your mortgage business.
If you’re seeking a new role, or are searching for new talent, please click on the appropriate link to book a call with me today.
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