TAX BASICS

How to hire the perfect candidate for your business?

It is essential for the success of the organization to hire the perfect candidate The most valuable resource of every organization is its employees. The success of your business depends upon the employees you hire. Job is an essential component for every individual and makes people accept everything during the interview. But this doesn’t mean that you are hiring the perfect candidate. One thing which you must note is that you should not hire someone when the work is starting to stack up. Especially if it is your initial hire, you have to take that decision very carefully. Numerous people can do a similar job, but only a few are perfect for your business. You must find that person to flourish.

Points to be noted while hiring the perfect candidate.

Don’t hire anyone with a rush.

     Take your time before you hire someone. Let’s say hiring an employee is like a marriage, where you shouldn’t jump into any decision. If you are a new or growing business, you are bound to increase the workload. If you are a sole proprietor doing all the work yourself, then you will have a situation where you need help. When you are in that phase, try to divide and complete your tasks before hiring someone out of desperation.

Go through a thorough interview process and hire the candidate you feel is the perfect candidate. Read about a few questions which you should ask during an interview for a growing business. Most importantly, you know what is required for your business. Set the right expectations with the candidate, ask them whatever you think is essential, and hire the one who you think is perfect for your growth. It doesn’t matter if the person does not have the needed experience or a fresher.

“I’d rather interview 50 people and not hire anyone than hire the wrong person.” – Jeff Bezos.

Hire a candidate who will bring value to your business.

            You may have 10 applicants or 100 applicants that don’t matter. Of the people who apply for a job, only a handful of them will have the required mindset you desire. You require people who are willing to work with you and hustle with you for the success of the organization.

“I am convinced that nothing we do is more important than hiring and developing people. At the end of the day, you bet on people, not on strategies.” – Lawrence Bossidy, GE.

Are they Adaptable?

            Any company would want employees who are adaptable to changes and can work according to the upcoming challenges. This creates a harmonious environment and also provides the company with support in the smooth functioning. I personally believe this is the most valuable quality for an employee.  Having a lengthy resume and loads of recommendation does not always guarantee that they would be the best. You need employees in your organization who work not only for themselves but for others. People who are willing to cover for others and who can hop in to complete the tasks that come up.

Understand what the candidate’s aspirations are and see if it’s the right fit for you.

                        You have ambitions and targets for your business and your employees. The same applies to the people who are willing to work for you. It is essential to identify if yours and your candidate’s ambitions cross paths. When you hire, you must try to recruit someone who will be with you in the long term. Always try to keep your attrition rate as low as possible. If your attrition rate is high, it tends to keep the best away from your business as it sends out a signal that your organization is not the best place to work. If employees leave your organization, it means you will have to hire new employees, which will cost you money and time. So its always best that you recruit someone who tends to stay longer.

Ask questions like, “where do you see yourself in the next 3 years?” or “why do you think you are the perfect candidate for the job?”. As you would like your candidate, to be frank, it would be highly effective if you are the same.

Do they ask great questions?

            Pay attention to the questions your candidates are asking you as it will show you how well they have prepared for the interview. This shows their interest in the job offered.  Engaging and proactiveness shows glimpses about what they would offer.

“Hiring the right people takes time, the right questions, and a healthy dose of curiosity. What do you think is the most important factor when building your team? For us, it’s personality.”-Richard Branson.

Sidharth Bharthan Menon
CEO, taxtotal​