Stop me if you’ve heard this before: You’ve just hired a new employee who ticks all the boxes in terms of skills. They’re technically proficient, have the right qualifications, and even possess some impressive industry experience. But a few months in, something just isn’t clicking. Despite their abilities, they seem disconnected from your team and your company’s mission. Frustrating, isn’t it?
why skills-based hiring is important?
Skills-based hiring has been the go-to approach for many organisations, with the promise of securing top talent by focusing on their abilities. However, this strategy often overlooks a crucial component – values. According to a McKinsey study, organisations that prioritise both skills and values see a 20% increase in employee retention and a 15% boost in overall performance.
While it’s clear that skills are essential, relying solely on them can lead to significant issues. A Harvard Business Review article points out that many companies fail to achieve the desired outcomes with skills-based hiring alone, as it doesn’t address the alignment of personal and organisational values . Furthermore, a Forbes article highlights that employees who are technically skilled but lack cultural fit can disrupt team dynamics and hinder productivity .
Values play a vital role in shaping a company’s culture and ensuring that employees are not only capable but also aligned with the organisation’s mission and vision. When employees share core values, they are more likely to work collaboratively, support each other, and contribute to a positive work environment. This is echoed in research by InformationWeek, which shows that companies integrating values into their hiring process report higher job satisfaction and lower turnover rates.
Practical Tips for Adding Core Values to Your Hiring Process
- Define Your Core Values: Clearly articulate your company’s core values and ensure they are integrated into your job descriptions and interview questions.
- Behavioural Interviews: Use behavioral interview techniques to assess how candidates’ values align with those of your company. Ask about past experiences that reflect their principles and decision-making processes.
- Cultural Fit Assessments: Implement assessments or situational judgment tests to gauge how candidates might fit within your organizational culture. we strongly advise you to read our article about cultural fit recruiting to understand the importance.
- Peer Interviews: Involve team members in the interview process to provide additional perspectives on cultural and value alignment.
When you blend skills and values in your hiring strategy, the results can be transformative. Companies that adopt this approach report higher levels of employee engagement, better team cohesion, and increased overall performance. For instance, a tech firm that transitioned to values-based hiring saw a 30% reduction in turnover and a significant boost in team morale.
It’s time to rethink the hiring process. By combining skills and values, you can build a stronger, more cohesive team that is not only capable but also aligned with your company’s mission and values. Don’t just hire for skills – hire for the complete package. Start incorporating values into your hiring strategy today and witness the transformative impact on your organisation.
Are you ready to build a stronger, more cohesive team that is not only capable but also aligned with your company’s mission and values? Don’t just hire for skills – hire for the complete package.
Download the INOP app now and discover how to seamlessly integrate values into your hiring strategy. Let’s get started on finding candidates who not only excel technically but also share your vision.