Should You Hire or Train?

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When cultivating talent for your organization, should you hire or train? It seems like a question for HR, but CFOs have a stake in the decision, as well. Not only are there cost differences that CFOs should look at, but there are a number of other variables to consider. In other words, it’s not really an either/or debate — most organizations will want to do both.

Spotlight

Sales Recruiters Chicago, Inc

SRC provides traditional employee recruitment as well as creative retention and training services. We work closely with clients to provide uniquely customized solutions for marinating the highest quality sales staff. Sales Recruiters Chicago, Inc is a specialist in the recruitment of sales professionals in the Chicago market. Sales Recruiters Chicago, Inc. was founded 1988 with a mission to find the best that Chicago has to offer; recruit, screen, evaluate, interview, and present qualified sales professionals to our clients. Over the Past 19 years we have found that specializing in sales recruitment and targeting the Chicago market allows us to better serve both our candidates and clients.

OTHER ARTICLES

Coaching for Schools: Leading key worker teams

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Big five blockers to data science progress in HR

Article | June 20, 2020

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HR’s silver lining in a game-changing year

Article | June 20, 2020

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How HR best practices can transform your workplace in 2020

Article | June 20, 2020

Human resource best practices has drastically changed in the last decade and it has been observed that somehow they affect the organizations in many ways. As a result of this, nowadays, creating programs that improve the quality of work environment, organizing activities to nurture talent anddevelop future leadersmotivating employees, etc. are the things that help align HR goals with the company’s vision. If you manage to make your sales guys happy, it results in a 37% increased sale. The same is the case with other departments. It is found that engaged and happy employees become 20% more productive in their respective work. 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Where there are many changes in the lives of employees, a stable job or workplace is something they look up to and when it comes to career goals of, it is achieved by them in the long term. When employees feel constantly worried about their jobs, they can’t perform which affects their results. So as an employer it is your responsibility to make them feel secure providing everything which is necessary so that they can relax and settle into doing their best work. It is a proven fact that job security is the best motivator for employees around the world when they can see the direct correlation between work productivity and their future with the company. The other side of employee security is retaining employees that can significantly affect your bottom line and increase productivity. It is not just about good employees leaving your organization because of employee security reasons but also being able to maintain them to boost the company’s reputation as an employer as there are always some organizations that are willing to hire good employees. For instance suppose some X number of employees stick together with your organization for a long time, they are more likely to work on dynamic projects. They are the ones who create a stronger bond and bolster a strong sense of corporate culture. Hiring Right Candidate for the Right Position You obviously can’t hire people just for the sake of filling the positions because it seriously affects the organization in long terms. Here comes the selective hiring approach. What is it exactly? Hiring people who are not just fit for the role but also exceptional and can add value is something that every employer would want to invest time in. Performance analysis gives eye-opening data about hiring the right candidates. According to research, the difference between an average performer and a high performer can be as high as 400% and the data proves to be true for various industries, geography, and job types. So it is supremely important to bring the right people in the organization to build a competitive advantage. With the technological advancement, hiring professionals are availed with faster hiring software and tools that save your time. Further, to filter out candidates, the selection criteria that decide the characteristics of a candidate can be divided into 3 sections as ability, trainability, and commitment. Depending on these capabilities, it becomes easier for you to make hiring decisions. Improving Engagement Through Feedback Employee feedback is beneficial for both i.e. employees and the company. For employees, it is beneficial for career development and for employers and the company it results in much better and improved productivity. So it is important to note that every person involved in the feedback process is well aware of what needs to pay more attention and that fills the gaps for overall success. To support why employee feedback is necessary, there are some stats. -69% of employees say they would work harder if they feel their efforts are valued and recognized. -In a study of 65, 672 employees, Gallup (An American analytics and advisory company) found those employees who received strength feedback had a 14.9% lower turnover rate than those who did not receive any feedback. Growth seems impossible without crucial feedback that is delivered regularly. It impacts financial growth, leadership growth, employee engagement, and the cultural growth of the company. Offering Flexible Workspace Nowadays workplaces have become more than cubicles where employees just come in, make them comfortable and focus on work with freedom in mind. If you are wondering about how office designs can motivate employees to increase work productivity then it will be good to know for you that many companies are investing to support flexible workspaces. Even if the existing design of your office is professional, you may be lagging in getting the most out of available space and when you think of employee comfort and workflow. To start with, simply you can allow them to tailor and custom their desks inspiring flexible work environment. Another aspect that comes under this category apart from physical space to work is giving your employees access to work from home. In the end, employees are people with different preferences and to value their preferences is surely going to result in better productivity making more profit in the business. So it’s always an option to think about how and when they work which is going to save money, time, resources, enhance productivity, creativity, creating happier and healthier teams. So, here is an opportunity to make it a win-win situation for business owners and employees to cherish in 2020. Learn more: Critical factors that affect employee productivity Compensation and Benefits After hiring the right people what HRs need to focus on is retaining them balancing their and the company’s growth. These are the people who will be adding value and achieving goals of the company so you need to pay them fairly and inspire to make them stay. Apart from this, you can give them performance-based rewards appreciating their contributions at every step of the journey. Activities like this create a sense of ownership for employees and they get motivated to maximize their results, commitment to the company’s long-term visions and you will be able to retain high potentials.

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Spotlight

Sales Recruiters Chicago, Inc

SRC provides traditional employee recruitment as well as creative retention and training services. We work closely with clients to provide uniquely customized solutions for marinating the highest quality sales staff. Sales Recruiters Chicago, Inc is a specialist in the recruitment of sales professionals in the Chicago market. Sales Recruiters Chicago, Inc. was founded 1988 with a mission to find the best that Chicago has to offer; recruit, screen, evaluate, interview, and present qualified sales professionals to our clients. Over the Past 19 years we have found that specializing in sales recruitment and targeting the Chicago market allows us to better serve both our candidates and clients.

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