3 Tips for Bringing Your Business Success Into Emerging Internet Times
Business success takes constant improvement and change with the times. Businesses that remain in strict hiring practices and business practices tend to get left behind. As generations change, so do successful business methods. The executive team of the business should evaluate the business needs and goals minimally every year. They should constantly work on shifting the business into current and future trends. They should remain vigilant on emerging technologies and changing ways. It is necessary for business advancement.
Adaptive hiring methods
As job roles and goals change, you will also find that the hiring methods also change. In previous years, a person had to walk into a store, fill out an application, and wait for a phone call. The interview process probably surrounded the person?s previous work experiences and nothing else. There was also probably only one interview before the decision was made.
Today however, the hiring process is much different and much more complex. Job applications are very rarely submitted to the store or business itself. Many businesses even request that no phone calls be made about the open position. The job listing is likely on the internet, where job searchers submit a resume, references, and might even fill out supplemental questionnaires. The prospective candidate may have a phone or internet interview first. They may go through multiple interviews before being offered a position. This is thought to reduce on retention rates. Approximately 22% of new hires leave their jobs within 45 days of being hired.
Hands off hiring
It is also likely that the entire hiring process is handled by one person, or that it is completely outsourced altogether. An outplacement service may handle the overwhelming calls and questions about a position. The outplacement service may also narrow down the applicants before they are ever interviewed by the executive team. HR consultants see a drastic increase in job applicants with the internet marketing ability. An outplacement service can save the company a lot of time by weeding through these applicants.
HR executive searches may also be more qualified in hiring higher quality candidates, which tends to be a problem for job performance with many businesses. A recent survey by Robert Half showed that one third (36%) of 1,400 executives surveyed felt the top factor leading to a failed hire, aside from performance issues, is a poor skills match. The second most common reason (30%) was unclear performance objectives. Simply put, executive search consultants have more time to effectively select qualified candidates for executive level positions.
Consumer focused trends
The average consumer has also changed since previous times. Consumers are extremely internet based today. If they are unable to find a business on the internet, they may choose a different one to frequent. A strong internet presence requires employees who are internet savvy. This requires careful hiring practices as it can be difficult to find individuals with the right amount of experience, as well as the necessary internet skills.
Approximately 35% of CEOs of small and midsize businesses surveyed by Vistage said that staffing is the most significant business issue they currently face, cited twice as frequently as any other issue. Executive search firms, however, have the additional time and skills that ensure quality hiring of executive staff, on all ends. The executive consultant services can also provide valuable outplacement service recommendations for increasing current age customers with hiring decisions.
There are a few big name businesses that have been around for many decades. Some of them, however, are extremely successful for many years and then quickly fail as new generations take over the consumer market. Effectively reaching current customers requires qualified and careful hiring. The executive team will shape the business, a shaping that needs to keep all types of customers in mind. As the generations change, the required job skills, hiring practices, and qualities in a high level employee should as well.