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Casual Articles - The Four Key Steps In Hiring And Keeping Top People
Business Management Case Study; How the Modern-Day Franchise Model Is Being Abused an orientation for the first day, a plan for the first week, an outline for the first month, and a recap of the first 90 days that includes expectations for their performance.For nearly a decade and a half, I ran a franchising company, which I founded. I took my existing company and franchised it serving 450 cities, 110 markets in 23 states and four countries. The entire process took about 27 years. I am now retired at age 40 and I have something to say about the modern-day franchise model and how it is being used.You see, in reviewing franchising models for some Tip From The Coach: By building a thorough and consistent training program, you will quickly develop top performers for your company, a “win-win” for all. Grow and groom: To hire and keep top people, you must provide a career path to help your best people gro Cover Letter - Who Needs a Cover Letter? “When you hire the best, the rest is easy!” We have heard this phrase many times, but how do we put this concept into action? We know that hiring the best people is vital to the success of your business, especially for fast growing businesses. And certainly, your customers have high service expectations. So…how do you hire and keep top people? Let’s start from the beginning.If you are sending a resume, you need to send a cover letter as well. A cover letter is a personal introduction that accompanies your resume. Even if the job posting doesn’t specify submitting a cover letter, it’s expected that you submit one with your resume. Yes, this requires extra work on your part but consider this: the cover letter gives you another chance to emphasize what you can contribute The job description: Often overlooked, the job description sets the tone for success when hiring new people. Start by making certain your job descriptions are accurate, up-to-date and reflect your expectations. This is an important step, as it ensures consistency in your hiring practices and says your company is well run. Tip From The Coach: During the initial interview, be certain to present the job description, so the applicant will have a clear picture of your expectations if your company does hire them. This also helps to generate a more comprehensive conversation regarding the position being offered. The interview game plan: Prepare a detailed interview game plan, to be used by each person doing the interviewing for your company. This game plan must include: how to evaluate a resume, sample questions to be asked during the interview process, a detailed presentation of compensation, how to do reference checks, and any final hiring details (i.e. company benefits, policy and procedures, etc.…). Tip From The Coach: In addition to the in-person interview, consider the use of written tests and/or assessments to aid in your hiring process. This is key to hiring top people and will help to establish performance standards when hiring new employees. Fast-track training: Develop a detailed training checklist for all newly hired employees. This should include: an orientation for the first day, a plan for the first week, an outline for the first month, and a recap of the first 90 days that includes expectations for their performance. Tip From The Coach: By building a thorough and consistent training program, you will quickly develop top performers for your company, a “win-win” for all. Grow and groom: To hire and keep top people, you must provide a career path to help your best people grow Energizing Your Internal Audit Program ts the tone for success when hiring new people. Start by making certain your job descriptions are accurate, up-to-date and reflect your expectations. This is an important step, as it ensures consistency in your hiring practices and says your company is well run.Planning for the Internal AuditThe key to an effective, thorough and value added internal audit is in the preparation. If internal auditors are spending one to two hours preparing for an internal audit, it is not enough time. To properly prepare for an audit, it should take twice to three times that. If the actual audit time will take an hour, there should be at between two and three hours s Tip From The Coach: During the initial interview, be certain to present the job description, so the applicant will have a clear picture of your expectations if your company does hire them. This also helps to generate a more comprehensive conversation regarding the position being offered. The interview game plan: Prepare a detailed interview game plan, to be used by each person doing the interviewing for your company. This game plan must include: how to evaluate a resume, sample questions to be asked during the interview process, a detailed presentation of compensation, how to do reference checks, and any final hiring details (i.e. company benefits, policy and procedures, etc.…). Tip From The Coach: In addition to the in-person interview, consider the use of written tests and/or assessments to aid in your hiring process. This is key to hiring top people and will help to establish performance standards when hiring new employees. Fast-track training: Develop a detailed training checklist for all newly hired employees. This should include: an orientation for the first day, a plan for the first week, an outline for the first month, and a recap of the first 90 days that includes expectations for their performance. Tip From The Coach: By building a thorough and consistent training program, you will quickly develop top performers for your company, a “win-win” for all. Grow and groom: To hire and keep top people, you must provide a career path to help your best people gro Four Simple Steps To Better Results With Your Resume hire them. This also helps to generate a more comprehensive conversation regarding the position being offered.Is every job description you read the same? No.Is every job you submit your resume to the same? Of course they aren’t.If all these job descriptions are different, why do you submit the same resume?Every day, people send the same generic resume out as though each position was identical and each employer was attempting to hire identical skills and attributes. Too often, the resul The interview game plan: Prepare a detailed interview game plan, to be used by each person doing the interviewing for your company. This game plan must include: how to evaluate a resume, sample questions to be asked during the interview process, a detailed presentation of compensation, how to do reference checks, and any final hiring details (i.e. company benefits, policy and procedures, etc.…). Tip From The Coach: In addition to the in-person interview, consider the use of written tests and/or assessments to aid in your hiring process. This is key to hiring top people and will help to establish performance standards when hiring new employees. Fast-track training: Develop a detailed training checklist for all newly hired employees. This should include: an orientation for the first day, a plan for the first week, an outline for the first month, and a recap of the first 90 days that includes expectations for their performance. Tip From The Coach: By building a thorough and consistent training program, you will quickly develop top performers for your company, a “win-win” for all. Grow and groom: To hire and keep top people, you must provide a career path to help your best people gro Difference Between an Employee and an Entrepreneur iring details (i.e. company benefits, policy and procedures, etc.…).1. Employees are resource-oriented. Entrepreneurs are opportunity-oriented. A person with an employee mindset might say, “I would start my own business but I don’t have the money.” Or “I’d love to invest in that piece of real estate, but I don’t have the down payment.” In both of these examples the person focuses on their resources–in this case their lack of money, rather than the opportunity. Tip From The Coach: In addition to the in-person interview, consider the use of written tests and/or assessments to aid in your hiring process. This is key to hiring top people and will help to establish performance standards when hiring new employees. Fast-track training: Develop a detailed training checklist for all newly hired employees. This should include: an orientation for the first day, a plan for the first week, an outline for the first month, and a recap of the first 90 days that includes expectations for their performance. Tip From The Coach: By building a thorough and consistent training program, you will quickly develop top performers for your company, a “win-win” for all. Grow and groom: To hire and keep top people, you must provide a career path to help your best people gro Make Money With Affiliate Programs That Pay Big Bucks an orientation for the first day, a plan for the first week, an outline for the first month, and a recap of the first 90 days that includes expectations for their performance.Affiliate programs are a great way to make money online and some can be lucrative, but most have a payment structure that requires big sales in order to make big money. For example, if you are an affiliate for a company that pays a three percent sales commission, sales of $3,000 would generate a commission of $90. It would take almost 34 individual $3,000 sales to earn $3,000 a month in commissions Tip From The Coach: By building a thorough and consistent training program, you will quickly develop top performers for your company, a “win-win” for all. Grow and groom: To hire and keep top people, you must provide a career path to help your best people grow and to be groomed for additional responsibility. This starts in the hiring process, so consider if the person you are hiring has the skills for the current position and might also have the skills for a next level promotion. Then, identify your top candidates for promotion, and build additional training to keep their learning curve on the fast-track. Tip From The Coach: Done properly, you will always have a “farm-team” of quality individuals ready and able to assume more responsibility. Now, that’s managing for success! So, follow these four steps and see how easy it is to hire and keep key people! The Coach says so!! Want to hear more about this important topic or ask some additional questions? Fax a note on your letterhead to 435-615-8670 or send an E-mail to ernest@powerhour.com and The Coach will fax/E-mail back to you a free invitation to be a participant on a TeleForum conference call.
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