Mar 1, 2015
Overview of Episode #3. The following topics are
covered:
- How to Avoid the Top Three Biggest Interview Mistakes
- How to Look for Two Superior Performance Skills
- Interview Questions You Should Use
- One Thing You Can Begin Doing Right Away!
Full Shows Notes Here.
Topic #1 - The High Cost of
Turnover:
Timing on
Recording: @ 2:45
---
- Faulty hiring is the silent
killer of corp profitability.
- High cost of turnover is
equal to 1.5 to 8 times a person's salary.
- An example: 25 person
team, 2 people are let go or leave; that's <10%
turnover.
If the average salary of those two people was $50,000 - the cost of
turnover for that team would be: $150,000
- Topgrading, a book by Dr. Bradley
Smart shares that those costs come from: the loss of
productivity: before a person is terminated, while the position is
vacant, of the manager and team who are filling in and the time it
takes for the new person to ramp up. In addition you have
potential loss of customer issues and recruitment
costs.
- Refer to this one page - two-sided
handout - for the turnover formula, sample interview questions
and more.
Topic # 2: Interview
Mistake One - Assumption and Bias
Timing on
Recording: @ 7:20 ---
- The Warren Harding Error. He looked so
‘Presidential’. Stated to be one of worst presidents
ever. Malcolm Gladwell, Author of The Tipping Point and
Blink: The Power of Thinking without Thinking –calls this:
“Unconscious influence” - which is our personal and often
unconscious bias toward stereotype. Gladwell shares, “They
didn’t dig below the surface. The way he looked
carried so many powerful connotations that it stopped the normal
process of thinking, dead in its tracks.”
- SOLUTION to overcome Assumption and Bias in
interviewing: Fixate on What the Job Needs
- TOOL: Have an interview process (this is the eight step process I
recommend) so that you are thorough
- TOOL: Create a Dashboard for the Job. Video How To, Here. The Dashboard is important
because then you can use it to pick the top behaviors, motivators
and personal skills, needed for success on the job.
Topic #
3: Interview Mistake Two - Focusing
Too Much on Background and Experience
Timing on
Recording: @ 15:13---
- Study of 100,000 people who were fired or let go within 18
months. Managers shared that 90% of them were: unable to manage
their emotions; they couldn't accept feedback;
they were not motivated; or they did not not fit the job or company
culture. Notice that lack of experience or the wrong
background was NOT one of the reasons for firing 90% of the
time!
- SOLUTION to overcome Focusing Too Much on Background and
Experience in interviewing: Remember that Intangible Skills
Matter. Intangible skills are things like: teamwork,
diplomacy and tact, personal accountability, decision-making,
customer focus and more.
"We have the energy to do what we want to do, and we don’t have the
energy to do what we don’t want to do. And we want to do our top
strengths/motivators – which are the intangibles I want you
looking for.
- Get away from these ideas: “Anyone can be trained to
do any job.” and “With enough training & try hard enough any one
can excel.” People bring who they are to the job – and
who they are is not only their background and experience, but
their natural style, personal skills, individual strengths and
their top motivators.
- TOOL: Superior Performance Hiring Worksheet helps interviewers
focus on more than exp and background. Sample Completed Worksheet for a
Previous Candidate. Once the superior performance
worksheet (something I walk you through in my book or online class) is created you
will pick and create Competency-Based Behavioral Interview
questions.
- Competency behavioral-based interview questions - are questions
that have the candidate describe past behaviors and actions in
specific situations. Past behavior is one of the best predictors of
future performance. “Lip Service Lies, Past
Behaviors Don’t.”
Timing on
Recording: @ 23:52 ---
- TOOL: TWO SUPERIOR PERFORMANCE INTANGIBLE SKILLS WITH SUGGESTED
INTERVIEW QUESTIONS ON HANDOUT.
1) Personal Accountability - Someone With Strong
Personal Accountability Will:
•be responsible for the consequences of actions and decisions
•embrace all decisions; will not shift focus or blame elsewhere
Bottom Line: An employee who has strong personal
accountability skills NEVER blames others for problems.
2) Time/Self-Management - Someone With Strong Time
Management Skills Will:
•Prioritize and complete tasks and deliver desired outcomes
within allotted timeframes.
•Independently pursue business objectives in an organized and
efficient manner, even without direct supervision.
•Minimize disruptions and time wasters.
- TOOL: Write all position postings so that you include
intangible skills as well as background and experience.
Topic # 4:
Interview Mistake Three - Eliciting Only Rehearsed Answers from the
Candidate
Timing on
Recording: @ 33:06 ---
- You want and need to know:
"Will you do the job? Will you love the job? Can we
tolerate working with you?"
- SOLUTION to Interview Mistake Three- Talk
Less Listen More.
Candidate should talk 75% of the time, and the interviewer
25%. This is a BIG shift for most - almost everyone
talks too much when interviewing. And if the candidate "looks
good" we tend to do talk even
more!
- TOOLS TO
HELP:Print
this sign (TALK LESS, LISTEN MORE) and put it in your
interview folder to remind yourself to talk less.
Be prepared with your dashboard, hiring
worksheet and interview questions in
advance.
- Learn to
leverage the power of silence.
Timing on
Recording: @ 3640 ---
- Make a
Response Neutral Face
Topic # 5:
Solutions Recap and Resources
GoTo
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