by
Dell Larcen
Most
CEOs will tell you that after the challenge of creating the
right strategy, the most difficult decision they ever have
to make is: “Who will I hire?” Why is this decision
so critical?
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The
cost of mis-hires is huge – estimated to be up
to 24 times the person’s salary! |
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The
failure rate of start-ups due to poor hiring decisions
is estimated to be up to 70 percent!
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For
these and other reasons, most CEOs will spend 20 to 30percent
of their time focused on achieving the “right fit” in
their organizations – hiring those people who will
position the company for success. At Larcen Consulting Group,
we identify two fundamental requirements necessary to achieve
the “right fit”: the potential to perform against
clearly articulated performance objectives, and the style
fit.
In our next newsletter, we will focus on the subject of hiring for performance,
but here we want to talk about the importance of style. We all have unique
ways of managing. It influences how we communicate and how we make decisions.
It causes us to prefer to work in a collaborative manner or to remain very
self-reliant. Our style determines how much data we share and even what data
we pay attention to in the decision-making process.
Style
also influences how we perform in a given role. Sales guys
need to be good with people. Accountants need to be good
with numbers. Engineers will be very analytical in their
approach while HR execs will be relationship-oriented. All
of these role attributes stem from our innate style and preferences
for what work we enjoy and how we do that work.
In the hiring process, the CEO or hiring manager must have a good sense of
what the required style for success will be. This requirement will be influenced
by the following factors:
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Stage
of life cycle of the company |
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Functional
role
|
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CEO’s
style and the style profile of the team |
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Culture
of the company |
At
Larcen Consulting Group, we specializing in providing you
the right tools to assess the “right fit” and
increase the odds of success!

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