Companies spend a lot of time and money for hiring, onboarding, training and retaining employees. Yet according to a Glassdoor research, 95% of companies admit to recruiting the wrong people.
Zappos CEO Tony Hsieh stated that his past bad hires have cost his company over $100 million, which is why he now provides the option for new hires to take $2,000 to leave the company to filter out those who only want the cash. He started implementing a company policy of hiring slowly and firing quickly to avoid the same mistake. A CareerBuilder Research further discovered that 27% out of 6,000 employers surveyed reported that one single bad hire had cost their company more than $50,000.
Mark Zukerberg, Founder and CEO of Facebook, once mentioned “I think as a company, if you can get these two things right — having a clear direction on what you are trying to do and bringing in great people who can execute on the stuff — then you can do pretty well.”
We all know that in order for our company to succeed, it is essential to build the right people so they can build our business, but how exactly do we do this?
In this StartupGrind Talk, together with DBS SME Academy, we present an exclusive opportunity to Learn the importance of PEOPLE and CULTURE in a company and the best practices for hiring and managing your employees from the experts: Ms. Lanny Wijaya, Account Director (Indonesia) of LinkedIn and Albert Willy Claussen, Senior Business HR at DBS Bank.