Best Hiring Practices – You’ve heard it said; “Begin with the end in mind.” In this case, the “end” is having a great management team and a profitable company. Below is an exert from my book “The Turnaround” that is a true story about a real company.
Nick said, “Bob, we have never offered a person a job with our company before we did a complete and comprehensive background, criminal, drug, and credit check on the candidate. There is a minimal amount of turnover with our firm because we treat the people with the respect that they deserve. We pay every employee a fair salary, at or even above the market for their position. Every employee in the company receives a bonus from the business’ profits. My partner and I believe that the way we make money with our business is to use “Best Hiring Practices.”
Best Hiring Practices. “We hire the best people in the area, treat them with respect, give them the tools to do their job, provide them with an excellent environment to work in and compensate them fairly.”
The company does a performance review with all employees every January and July. We share with the employees what they are doing right and where they may need to improve. The review times in this firm are easy to deal with because we employ the best people. Everyone loves working here and respects their job. We have not had an employee leave the company in two and a half years.
Our company employed a great CFO six months ago, but he was in a horrible car accident and didn’t make it. The position has been open since then because we have not been able to find the right person. The hiring system that we use has worked for us very successfully for 30 years, and we’re not changing now.
I trusted that their Best Hiring Practices worked for any company.
Ever since I worked for these two gentlemen, I have tried to model their business practices. Successfully, I have copied their corporate culture, “Best Hiring Practices,” and business philosophies with every company where I have turned around.
All the employees in that company were one big team supporting each other to make the business very profitable. Their group of employees was like a “Dream Team” case study of a successful business. The reason the company was so successful was due to the leadership skills of the two owners. They made the Best Hiring Practice process the most critical function within the organization.
I worked for this company for eight years as the COO/CFO. The only reason that I am not working for the organization today is that the owners sold the business. Even when they sold the company, the two owners were very fair to every employee. They distributed a considerable share of the proceeds from the sale to the employees.
If you treat your employees like these two owners, your business will be a success too! Their Best Hiring Practices work!
My name is Robert Curry, and I am an Author, CEO Coach, Keynote Speaker, and Turnaround Specialist. Over the past 20 years, I have worked with more than 70 companies taking their businesses from Loses to Profits.
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I have recently published two books about turnarounds: “From Red to Black – A Business Turnaround” and “The Turnaround.” Both books are true stories about turnarounds of real companies that I have turned around during my career. In both books, I have shared all my Profit Improvement Recommendations (“PIR’s”). PIR’s helped to grow sales, reduce expenses, improve cash flow, and most importantly, strengthen the management teams.
If the information in this article “Best Hiring Practices!” helps you, your family or a business associate, please email me at firstname.lastname@example.org and share with me the story.
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