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Who Book Summary

Book Summary

By Geoff Smart,Randy Street




15 min

Brief Summary

To find the ideal candidate and save your company money in the long run, standardize your interview process. The “A Method for Hiring” offers four steps to address all the needs of the employer, and adequately investigate candidates for fit and demonstrated potential to meet your goals. First, define the job and its qualifications. Then, look for the best candidates by asking proven talent for their recommendations and also using skilled recruiters to scout for the best people. Send all potential hires through a thorough interviewing process. Dig for details, as this is the most important stage. Finally, strive to keep the candidates that made it through the process by meeting all their realistic needs.

About the Author

Dr. Geoff Smart is the chairman and founder of ghSMART, a leadership consulting firm that serves Fortune 500 executives and their boards, billionaire entrepreneurs, and heads of state with its 12 offices in North America and Europe. He is the NYT bestselling author of Who, Leadocracy, and Power Score: Your Formula for Leadership success. He holds his Ph.D in Psychology from Claremont Graduate University where he was a student of Peter F. Drucker.

Randy Street is the managing partner of ghSMART. At the company, he helps executives find and develop top talent to join their teams and make a real impact on the world. A popular keynote speaker, he speaks on leadership topics to companies and executives. Prior to joining ghSMART, he was the EVP of Sales and Marketing for EzGov.

Topics

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Key Insights

In this book, the authors argue that who you choose to hire can make or break your business, either costing or saving your company a fortune. They go on to explain how broken, outdated, but somehow still trendy hiring methods keep companies from finding the right people from the beginning and losing more with every inadequate hire. They propose their ultimate solution, the “A Method for Hiring”, which offers an organized way to find and recruit the best people for your company’s needs.

Hiring errors can be extremely costly. Choosing the wrong person typically ends up costing 15 times their salary.

When looking for your next employee, you’re hoping to strike gold. You want to find the person that will perform exceptionally, a part of the top 10% performers who can meet all the outcomes you set for them. 

You’re probably wondering why in reality, hiring managers end up settling for less. In fact, managers make 50% of their overall mistakes during the hiring process, says famed management consultant Peter Drucker, costing their team money and resources by choosing the wrong person.

Just how much do hiring mistakes cost a company? The authors found that it costs, on average, 15 times the hire’s base salary. Some of these costs come from the hire’s poor decisions on the job, but a majority come from the labor needed to fire, replace, and then onboard new talent. 

In other words, a bad hire is never worth the consequences. To stop this cycle of trial-and-error, the authors recommend stepping back and taking a close look at your hiring process. How can you select a reliable candidate from the beginning and avoid these extreme costs? 

Bad hiring happens because managers use inadequate and outdated techniques to select their candidates instead of an organized system.

Where are hiring mangers going wrong? They may not understand the demands of the job or feel none of the candidates in their pool of potential hires meets their standards. But most of the time, managers hire the wrong people because their hiring process isn’t systematized. 

Instead, hiring managers rely on what the authors call “voodoo hiring methods”, or methods that rely on short-cuts instead of careful and balanced evaluation.

For example, an “art critic” manager expects to understand a candidate based on a short first impression, likely to be fooled by appearances like the candidate’s charisma. A “prosecutor” may ask indirect and tricky questions in interviews to try and get the candidate to slip up, putting the candidate on the defensive. A “fortune-teller” manager asks candidates about hypothetical future problems which have little to do with the candidate’s ability to handle the current problem of the company while an “animal lover” asks bizarre questions like “what’s your spirit animal?”.

Not only do managers lean on unhelpful interview questions, but they squander interview time. A “chatterbox” manager spends the interview making small talk while a “suitor” spends it trying to sell the company, instead of collecting information about the potential hire.

Even managers that test their candidate's skills can rely too...

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book summary - Who by Geoff Smart,Randy Street

Who

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