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Golden Oldies: If the Shoe Fits: Hiring with Fred Wilson and Me

Monday, September 24th, 2018

 

Poking through 11+ years of posts I find information that’s as useful now as when it was written.

Golden Oldies is a collection of the most relevant and timeless posts during that time.

You can not imagine the thrill when I see the stuff I passionately believe in mirrors the beliefs of people I hold in high regard, such as Fred Wilson, who knows and has experienced far more than I ever will. It’s a definite high.

Read other Golden Oldies here.

A few days ago Fred Wilson wrote about the importance of culture and fit.

Some entrepreneurs and CEOs buy into “hire the best talent available” mantra. That can work if everything goes swimmingly well. But as I said, it often does not, and then that approach is fraught with problems. The other approach is hire for culture and fit. That is the approach I advocate.

That’s the same approach I’ve advocated for decades.

What many forget is that “the best talent available” refers to whoever will perform best in your culture as part of your team and focus on your company’s success.

Too many founders, CEOs, other execs and even lower level managers seem to hire for bragging rights instead.

I wrote about hiring and culture here last Sept and included a link to an article I wrote for MSDN way back in 1999 that explained how to use your culture as a screening tool when hiring.

I’ve always told clients that the fastest way to success is to always hire the right person at the right time and for the right reasons.

Good hiring is like cooking Chinese—80% of the time used is spent prepping and the balance doing.

There really are no shortcuts; especially not hiring other people’s stars.

Not to sound self-serving, but I’ve been surprised at how closely the ideas I’ve always believed in parallel Wilson’s thoughts.

Image credit: HikingArtist

Expand Your Mind: Workplace Intel

Saturday, July 21st, 2012

Managing, retaining and hiring employees are three of the most important actions I any company of any size and in any location.

It’s ironically amusing that it amazed some of the biggest names in workforce research to find that minimally improved management yielded enormous payback. Of course, workers have been saying that for decades when they vote with their feet.

What’s worth as much as a 25% increase in your labor force, or a 65% increase in the amount of your invested capital?  A one-point improvement in your company’s management practices! That’s the shocking conclusion of in-depth study conducted by researchers at McKinsey, Stanford, and the London School of Economics that looked at more than 4,000 companies in the US, Asia, and Europe.

Fred Wilson is a top VC who also has a ton of common sense; while his focus is startups his advice is applicable to any company. Here he discusses six requisites to retaining your people.

There isn’t one secret method to retain employees but there are a few things that make a big difference. (…) Communication…, Getting the hiring process right…, Culture and Fit…, Promote from within…, Assess yourself, your team, and your company…, Pay your team well.

Attitude is what makes some people more successful than others and attitude is the result of what you believe. Inc. spotlights nine beliefs that are commonly found in successful people.

The most successful people in business approach their work differently than most. See how they think–and why it works.

Every manager looks for good ways to learn about candidates and every candidate loves insight as to what they might be asked. Inc. suggests managers ask the same questions about previous jobs.

Go through each job and ask the same three questions:

  1. How did you find out about the job?
  2. What did you like about the job before you started?
  3. Why did you leave?

Finally, when job hunting resumes are key, so it’s good to know why, when and how to better your chances. Here are six examples (five were hired) of using creativity to get noticed. After that, you need plenty of substance to back it up.

“One-in-five HR managers reported that they spend less than 30 seconds reviewing applications and around 40 percent spend less than one minute,” Rosemary Haefner, Vice President of Human Resources at CareerBuilder said in a study released today.

Be sure to take time to enjoy your weekend!

Flickr image credit: pedroelcarvalho

If the Shoe Fits: Hiring with Fred Wilson and Me

Friday, May 25th, 2012

A Friday series exploring Startups and the people who make them go. Read all If the Shoe Fits posts here

5726760809_bf0bf0f558_mA few days ago Fred Wilson wrote about the importance of culture and fit.

Some entrepreneurs and CEOs buy into “hire the best talent available” mantra. That can work if everything goes swimmingly well. But as I said, it often does not, and then that approach is fraught with problems. The other approach is hire for culture and fit. That is the approach I advocate.

That’s the same approach I’ve advocated for decades.

What many forget is that “the best talent available” refers to whoever will perform best in your culture as part of your team and focus on your company’s success.

Too many founders, CEOs, other execs and even lower level managers seem to hire for bragging rights instead.

I wrote about hiring and culture here last Sept and included a link to an article I wrote for MSDN way back in 1999 that explained how to use your culture as a screening tool when hiring.

I’ve always told clients that the fastest way to success is to always hire the right person at the right time and for the right reasons.

Good hiring is like cooking Chinese—80% of the time used is spent prepping and the balance doing.

There really are no shortcuts; especially not hiring other people’s stars.

Not to sound self-serving, but I’ve been surprised at how closely the ideas I’ve always believed in parallel Wilson’s thoughts.

Even Option Sanity™ parallels his ideas on allocating equity.

Option Sanity™ is culture in action.

Come visit Option Sanity for an easy-to-understand, simple-to-implement stock allocation system.  It’s so easy a CEO can do it.

Warning.
Do not attempt to use Option Sanity™ without a strong commitment to business planning, financial controls, honesty, ethics, and “doing the right thing.”
Use only as directed.
Users of Option Sanity may experience sudden increases in team cohesion and worker satisfaction. In cases where team productivity, retention and company success is greater than typical, expect media interest and invitations as keynote speaker.

Flickr image credit: HikingArtist

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