You’ve heard it time and time again, “hire the right talent”; but what exactly does that look like? You filled the position with someone whose resume matches the job description, how can someone be more “right” for the position? Throughout this article, we explain the difference between the right kind of talent vs. the wrong kind of skill and what advantages your company can gain when you possess the right talent specific to your company culture and industry.
Ensuring that your company is equipped with the right people is important no matter the industry you’re in or the level you are looking to fill, every hire needs to be the correct one. Guaranteeing you have quality employees that will help your company grow and operate smoothly.
UNDERSTANDING THE DIFFERENCE
While talent and skill are common words you hear throughout the hiring process, they are not synonymous. Skills are a learned ability and can be expanded on overtime, whereas talent is a natural aptitude that is derived from an individual’s values.
Yes, there are hundreds of candidates that can check off a list of requirements, but how many will motivate your team? How many will help grow your company? How many will care about the bigger picture and will go the extra mile? These are all key traits that your company acquires when you hire top talent over skill.
WHAT HAVING THE RIGHT TALENT CAN DO FOR YOU
Ensures your company remains timeless
The way we work is ever-changing. This reality demands more attention. All too often, we rely on the same types of people to fulfill old shoes. With generational shifts, a growing skills shortage, and a digital revolution that continues to grow at an unprecedented rate, adjusting for the future is more important than it’s ever been.
When looking to add to your team, it’s important to look for candidates who can grow with these changes. Nowadays it’s risky to solely look at the requirements for a single task at hand; it’s smarter to focus on the goals of the individual, organization, and innovation within your industry to succeed for decades to come.
Provides a competitive advantage
We are all familiar with the phrase “teamwork makes the dream work,” which has become somewhat of a cliché, but it doesn’t change the fact that it still stands true today. Building and nurturing a cohesive unit that effectively communicates and produces results is quintessential to a successful business.
Your workforce is unique. When you have a unified team, efficiency increases, allowing for higher productivity and produces an opportunity for greater complexity within projects, innovation, and progression. A team that develops this gregariousness projects both internally and externally showcases positive values.
The wrong hire can be detrimental
A mistake as old as time, filling a position due to a sense of urgency instead of spending time to look at the long-term benefits of each candidate. You aren’t going to hire someone who doesn’t have the skills to do the job; however, the repercussions of a wrong culture fit can echo far greater than the financial costs. When the wrong person is hired, it can cause disruption in company culture, a decrease in productivity, and a potential loss in customers and revenue.
Disrupted Company Culture
Disengagement is infectious. As time and energy are spent trying to make the new hire work, the veteran team members pick up the slack. As their workload piles on day after day, stress becomes apparent, and exhaustion sets in are when you start to see your employees become disengaged and isolated.
When employees are stuck in their offices and their heads buried in their computers, they become disengaged robots, slowly losing the sense of camaraderie that has developed over the years. This zombie-like attitude becomes a domino effect; collaboration deteriorates, making the other team members’ jobs harder and spreads negativity like wildfire.
Decreased Productivity
When a new hire fails to catch up on the projects and initiatives at hand, it prolongs how long veteran team members have to pick up the slack. This overload takes a toll on even the most effective executives and can lead to missing deadlines and targets for the month/year.
Loss in Customers and Revenue
When there is a bad hire, there are two reasons that revenue is lost. The first coming directly from a bad hire. The new hire could overlook sales opportunities, give customers/clients wrong information, and disregard leads. The other loss comes indirectly from the veteran team; with the additional stress and workload, pushed back deadlines, and a loss in collaboration, it’s no surprise that sales and innovation will start to decline.
The most successful organizations are the ones that recognize their cultural identity and values and retain those same types of people. What that talent looks like may not look the same as it once did and may not look the same five years from now, but it remains a key contributor to success.
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