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Staff Management

Traits to Avoid When Hiring a New Employee

According to a survey by Monster.com of 639 small business owners in the U.S., it cost an average of $6,480 for small business owners to replace a “wrong hire” in 2015. That estimate is on the low end of the spectrum. The U.S. Department of Labor estimates it can cost on average one-third of a new hire’s annual salary to find a replacement. Others believe it’s even higher than that. According to a study by the Society for Human Resources Management (SHRM), it can cost up to five times a wrong hire’s annual salary, depending on the circumstances. The person’s position, how long that person was in that position, and the size of the company all contribute to this cost. According to SHRM, a “wrong hire” at a big company earning $80,000 per year (having been in that job over a year) could cost up to $400,000 to replace. And the “wrong hire” of a CEO in a national company can cost millions to replace.
The expense of a “wrong hire” comes right off the bottom line. That is money spent that adds no value to the business, except perhaps in shaping future hiring practices. A “wrong hire” might teach a manager what to avoid in the future; but often doesn’t even do that. Still, it would be nice if that lesson could be learned without paying such a steep price, especially since Harvard Business Review indicates that as much as 80% of employee turnover is due to bad hiring decisions. Perhaps, then, it would be helpful to know which types of people to avoid hiring and how best to recognize those flaws.
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10 Invaluable Qualities in Employees that require Zero Talent – Part 2

When looking to hire employees, managers often confuse talents, skills, knowledge and strengths. A talent is an innate ability, while a skill is an ability that is learned and nurtured over time. A person might be a naturally-gifted writer even while never having taken any kind of writing class. That is a talent. That same person might also take a course in online advertising and attain the Google Adwords Certification. That is a skill. If that person attends a college and takes a host of classes in business, sales and marketing, that person attains knowledge – and perhaps a degree – in business administration. If that person then gets a job in which she is using her writing talents, online marketing skills, and sales and marketing knowledge, over time this will become her strength. A strength is the ability to consistently produce a positive outcome through superior performance of specific tasks. When a company recruits and hires staff, it looks for people who have particular talents, skills and knowledge.
However, there are certain qualities that are very important for employees to have which are not innate talents, nurtured skills or learned knowledge. These are often traits that are simply a part of who the person is. Over time, some of these traits can be honed, but they are generally not “learnable”. Last week, we considered five of these innate qualities: being on time every day; having a strong work ethic; putting forth maximum effort; having affirmative body language; and having a passion for work. While these might seem like things that can be learned, the truth is that people don’t generally change their work ethic, effort, passion, or body language. They can try to improve those things for a short time, but they usually revert back to their normal level of energy, their true degree of passion, their ingrained body language and their usual work ethic in time. The same is true of their attendance and punctuality. A person might do better for a while, but eventually a person who has a problem with punctuality or attendance will revert back to those bad habits. That is why screening for these qualities in new hires is so important.
Here are five more invaluable qualities that an employee should have and employer should want that requires absolutely zero talent. Continue reading

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10 Invaluable Qualities in Employees that require Zero Talent – Part 1

In the search for top talent, employers typically cite the most difficult, technical skills needed to do the job. For instance, a current ad on LinkedIn for a CFO seeks a candidate with: “Extensive experience in financial analysis, identification of month end financial drivers, and forecasting.” The ad adds that the right candidate will “drive growth through product diversification and geographic expansion, and provide leadership and vision for all finance-related activities in the market, including developing and monitoring progress against Annual Operating Plan.” This ad is designed to filter out the unqualified and underqualified. But what the ad doesn’t address are the soft skills and qualities that ensure the candidate fits well with the organization. Those are either touched on during the interview process briefly or are not addressed at all. And while the inability to do the job does account for why some people fail at their jobs, most people are fired or laid off from jobs due either to personality traits or work habits that don’t fit with the employer.
The truth is that some of the most invaluable qualities that employees need to have and employers want from their workers require zero talent. These qualities are related to a person’s EQ (emotional quotient) and SQ (social quotient) rather than their IQ (intelligence quotient). The next time your company is screening to hire an employee – from an entry level clerk to a top C-Suite exec – they should make sure that the person brings a high level of these 10 invaluable qualities. Continue reading

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Enthusiasm: The Best Workplace Contagion

In the book entitled Be Yourself – Discover the Life You Were Meant to Live, author John Mason writes that “Every great and commanding movement in the history of the world incorporated enthusiasm. Nothing great was or will be achieved without it.” The poet and writer Ralph Waldo Emerson agreed, saying “Nothing great was ever achieved without enthusiasm.” Mason added that, “In a survey, two hundred national leaders were asked what makes a person successful. Eighty percent (of the respondents) listed enthusiasm as the most important quality. Some pursue happiness – others create it. A person who is enthusiastic soon has enthusiastic followers.”

Indeed, enthusiasm is the rocket fuel propelling achievement. Thus, it is an especially important quality in the workplace and critically important to leadership. Although many employers value and are impressed by confidence in their employees, enthusiasm is probably more valuable. Unlike confidence which is inwardly focused, enthusiasm is outwardly focused. While confidence speaks to certainty – perhaps even false certainty – enthusiasm speaks to creativity and joy. While confidence can come across to others as arrogance, enthusiasm is usually seen as enjoyment. What’s more, unlike confidence, enthusiasm is highly infectious. Confidence fuels an individual but enthusiasm fuels a team. So why isn’t enthusiasm valued more highly? Why doesn’t every job description start with “Looking for an enthusiastic candidate to….” And how can a company reward and encourage enthusiasm in the workplace? Continue reading

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Pride In One’s Work

Pride is often thought of as a flaw or sin. “Being prideful” is considered synonymous with being conceited, haughty or egotistical. It is the opposite of humility. There are few personality traits more distasteful than a person who is prideful or boastful. “Pridefulness” is seen as a shortcoming or failing of character. However, there is another kind of pride. “Taking pride” in one’s work is actually a virtue or quality. It is one that employers should seek in new hires, and it is a trait that every employee should embrace and emulate.

What does it actually mean to take pride in one’s work? Abraham Lincoln once said that “whatever you are, be a good one.” At the core of his message was the concept of taking pride in one’s work. And that is no small thing. A job well done is a meaningful accomplishment. In theory, this is a valuable quality in any person. In reality, it may be hard to distinguish between someone who takes genuine pride in what they do and someone who does the bare minimum except when the boss is watching. What does “pride in one’s work” look like in practice? Continue reading

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Meeting Infinite Sales Demands with Finite Marketing Resources

There is a silent (or sometimes not-so-silent) battle waged between what the sales department wants and what the marketing department can and should deliver. Business leaders may only be vaguely aware of this tug-of-war but it exists in most organizations. There are two reasons for this. First, salespeople are always under great pressure (internal and external) to make sales. Not only does the company want them to sell more, but they themselves want to earn more. But selling requires a lot of time and effort. To ease the burden, they look to marketing for help. Second, salespeople are bombarded by other companies’ impressive marketing efforts. Newsletters. Email drip campaigns. Remarketing Campaigns. Seminars. Blogs. Billboards. Ads. Videos. Tradeshow exhibits. Competitor marketing is particularly irksome. Logically, salespeople believe that if they do the same marketing, they too will succeed. This is the business equivalent of “keeping up with the Joneses.”

In most companies, this ‘sales-marketing tug-of-war’ plays out with sales making infinite demands for marketing support with little understanding of the budget or resources required for implementing those ideas, or if those strategies fit in with or duplicate existing efforts. Sales teams claim that they either cannot meet their sales goals or they can be exponentially more successful if their specific marketing ideas are implemented. Unlimited sales demands are thus made on marketing departments that have limited resources. What is the company’s leadership to do? To handle infinite sales demands with finite marketing resources, leaders should implement this three-step process. Continue reading

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Honesty and Integrity in Business

If there is one single quality that every business should seek in its employees, colleagues, vendors and even customers, it is honesty. But not only should businesses want to see that quality in its people, honesty should also be the bedrock principle upon which all organizations function. Indeed, Harvey S. Firestone, inventor and founder of the Firestone Tire and Rubber Company, one of the first global makers of automobile tires, said “I believe fundamental honesty is the keystone of business.” Likewise, Ed MacMahon, the late singer, comedian, program host and announcer, once said “Honesty is the single most important factor having a direct bearing on the final success of an individual, corporation, or product.” General wisdom dictates that honesty is one of the most important qualities that a person or company can demonstrate.

Yet, it may seem that honesty is becoming something of a scarce commodity in today’s business world. At ostensibly every turn, there are examples of “the end justifies the means” behavior in corporate America. Job applicants exaggerate on resumes with the goal of landing a job. Quarterly reports overstate projected earnings to elevate stock values. Business owners overstate their pro formas to get the highest valuation possible from investors. Real estate owners overstate a property’s value in order to negotiate the highest price in a deal. Customer service representatives cover up mistakes for fear of losing clients. Is dishonesty on the rise? Has honesty and integrity all but disappeared in business? Continue reading

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The Inconsistency of Being Consistent

A 2014 survey by specialist journal IRS Employment Review found that while the attitudes of employees can make or break a company, bad management was a far bigger drag on a company’s productivity and performance. Bosses must provide sound leadership in order for their direct reports to perform and achieve peak productivity. Of course, no one is perfect and – like all employees — bosses have weaknesses as well as strengths. What is interesting is that managers tend to share the same flaws. The most commonly reported characteristics that employees dislike about superiors include favoritism, lack of communication, micromanagement, incompetence and ruthlessness.

Notwithstanding the myriad of frustrating and off-putting traits workers dislike in their supervisors, there is one characteristic that is consistently disliked most. That is inconsistency. Apparently, even the most odious managers and overbearing bosses are preferred over a supervisor who is inconsistent. Why is inconsistency so reviled? And why is consistency such a valuable element of management? Continue reading

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The Evolution of Business Role Models – Part 2

Certain people rise above regular folks to become so successful, well-known and admired in their field of expertise that they become a household name. They become icons. This is true in every area from aeronautics to haute cuisine. There are few who don’t now the names of the great aviators Charles Lindbergh and Amelia Earheart. And most everyone knows the names of chefs Julia Child, Wolfgang Puck, Gordon Ramsey and Emeril Lagassi. These individuals possess certain qualities, talents and skills that catapulted them into a stardom of sorts. They are the doers, movers and shakers and innovators of the times. We draw inspiration from these icons.

However, even icons change. Today’s leaders have evolved from the strong, authoritarian traditionalists and business tycoons of the 20th century – think Henry Ford, John P. Morgan, John D. Rockefeller, and Walt Disney — into the innovative mavericks and mavens of the 21st century. We are mesmerized by edgy leaders such as Elon Musk, Founder of Tesla Motors and SpaceX, Tony Hseih, Founder of Zappos, Fred Smith, Founder of Federal Express, and Sir Richard Branson, Founder of Virgin Atlantic Airways. So what sets these icons apart from past business role models and what can we learn from them? Continue reading

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The Evolution of Business Role Models – Part 1

Practically every industry these days has icons. It is no longer just about actors and musicians. From inventors to scientists and from business leaders to politicians, every field has its share of celebrities, living and gone. In the world of science, they include Albert Einstein, Niels Bohr, Jane Goodall, Alfred Nobel, Edwin Hubble and Stephen Hawking. Technology has heroes of its own including Tim Berners-Lee (inventor of the World Wide Web), Sergei Brinn, Larry Page, Dave Packard, Bill Hewett, and Jeffrey Katzenberg. Even the world of real estate has icons including Donald Bren, Stephen Ross, Jerry Speyer, Sam Zell, Steve Schwartzman, and, of course, Presidential candidate Donald Trump. And in the category of “captains of industry” are some of the most respected names in business including Bill Gates, Jeff Bezos, Warren Buffet, Rupert Murdoch, Jack Welch, Michael Eisner, Lloyd Blankfein, and Mark Zuckerberg, to name just a few.

To some extent, these idols share many traits and talents that propelled them into prominence. But, in recent years, there has been a fundamental shift in the makeup of these renowned individuals, particularly in the world of business. Qualities and skills once considered exemplary have become passé. Corporate tycoons like Rupert Murdoch and Lloyd Blankfein are giving way to new titans of industry such as Brad Smith, Chairman of the Board of Intuit.  Why?
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