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How to Hire the Right People

Posted By Stephanie Schwartz, Nationwide Mutual Insurance, Wednesday, October 18, 2017
Updated: Thursday, July 27, 2017

Finding, interviewing, engaging and training a new employee can be a major expense so it’s important to get your hiring decisions right. Here are a few quick tips to help you make sure your next hire will be a great fit for your company.

Check job qualifications

This may seem like a no-brainer, but it’s easy to focus too much on personality and not enough on basic abilities: Can they handle the day-to-day responsibilities of the job? Ideally they’ll also exhibit a willingness to go above and beyond when the situation calls for it. You want someone who is eager to do the job you’re offering today and enthusiastic about what the job could become in the future.

Assess for culture fit

How will your candidate mesh with your company’s unique “personality”? Will he or she work well with you, future coworkers, and existing and potential clients and partners? Ask for others’ opinions of the candidate before you hire to avoid a one-sided view.

 

Don’t forget to evaluate character

It’s important to hire employees with values that align with yours. Try to determine if your candidate is honest and trustworthy. Do they keep their promises and follow through? Check references, of course, but remember that, while nice to have, the references a job candidate provides will nearly always be biased. Instead, ask the candidate for the names of former bosses, peers and subordinates.

 

Consider the total compensation package

As an employer, watching your budget is important, but hiring at an uncompetitive or unfair rate can cost you more in the long run because an employee may feel unappreciated and underperform. So do your research to make sure you’re offering a competitive compensation package that not only meets your budget but will also keep your employee satisfied. Can’t afford a long list of benefits? Consider offering resources that will show employees that you care about their well-being. For example, if you’re unable to offer a 401K, you can recommend other ways to help employees save for retirement such as Guaranteed Retirement Income from Nationwide®. It’s a type of annuity that lets your employees lock in retirement income for the rest of their lives with a minimum contribution of just $10 a month. There’s no cost to you. There’s nothing to manage, and absolutely no risk.  

 

Hiring the right people is both a skill and an art, and getting it right can help you avoid costly and time-consuming repercussions while bolstering the morale of your entire existing team. Put these tips into practice and chances are you’ll get better results from your next new hire.

 

Guarantees are subject to the claims paying ability of Nationwide Life Insurance Company.

Fixed annuities are contracts purchased from a life insurance company. They are designed for long-term retirement goals. Withdrawals are subject to income tax and withdrawals before age 59 ½ may be subject to a 10% tax penalty. Annuities are issued by Nationwide Life Insurance Company, Columbus OH.

Nationwide, the Nationwide N and Eagle, Nationwide is on your side, Guaranteed Retirement Income from Nationwide, and other marks displayed in this message are service marks of Nationwide Mutual Insurance Company and/or its affiliates, unless otherwise disclosed. © 2017 Nationwide.

AAM-0458AO (06/17)


Tags:  Employee Benefits  Retirement 

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