It’s frustrating to spend a lot of time and effort on a new recruit only to see them fail.
A recent study by Leadership IQ may gave us some hints on why this happens and how to avoid it in the future.
The three-year study compiled hiring results from 5,247 hiring managers and more than 20,000 employees. It outlined the top five reasons new hires fail.
Coachability (26%): The ability to accept and implement feedback from bosses, colleagues, customers and others.
Emotional Intelligence (23%): The ability to understand and manage one’s own emotions, and accurately assess others emotions.
Motivation (17%): Sufficient drive to achieve one’s full potential and excel in the job.
Temperament (15%): Attitude and personality suited to the particular job and work environment.
Technical Competence (11%): Functional or technical skills required to do the job.
According to the study, these traits (or a combination of these traits) accounted for 92% of the failed hires.
How can failed hires be reduced?
The study revealed that 812 managers (16%) experienced significantly more hiring success than their peers by putting more emphasis on interpersonal and motivational issues.
The lens you’re using to view the hiring process seems to make a big difference.