The growth of a company depends on:
The right people.
Processes that enable scaling.
Financial resources to support development.
Systematizing Romanian companies is a current issue that most companies don't know how to tackle. In this regard, we started with the email sequence about processes. However, we face another problem: processes without people to write and execute them lead to failure.
The recruitment industry report in Romania published by ejobs.ro supports that the new term we became acquainted with in 2022 is "quiet quitting." It represents a kind of employee stagnation based on the decision not to do more than what is specified in the job description. This attitude of employees, coupled with managers' uncertainty regarding the expected results from a candidate, a limited candidate pool for specific roles, the use of improvised selection strategies, or the inability to attract and retain valuable candidates, results in increasing failures in hiring decisions.
So, what are the chances of hiring individuals who don't just tick the job description but truly deliver exceptional results?
These realities have prompted us to dedicate a special email to the processes by which we reach the best candidates in the market. Over the next 8 weeks, every Thursday, we will address the recruitment and selection process. We will define a simple and structured system to help managers identify and hire the right candidates.
What problem does a recruitment and selection process (systemic) solve?
Errors in selection decisions are common. Statistics show that the hiring success rate is 50%, as if hiring decisions were made randomly. This can be due to a lack of clarity on the required results and competencies for top performance in a role or because managers don't know how to objectively evaluate candidates.
Errors in selection decisions are costly. The average cost of hiring mistakes is approximately 15 times an employee's base salary, in direct costs or productivity losses.
How does a systemic recruitment and selection process address these problems?
A systemic approach to selection:
Significantly increases the accuracy of data collected about candidates and hiring decisions. Essentially, it allows you to identify the right person for the right role.
Ensures financial continuity, both through the accuracy of hiring decisions and the speed with which a vacant role is filled.
What is the solution? The process of hiring exceptional people.
In the following weeks, we will take a detailed look at each of the steps in this process.
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