Hire Externally vs Promote Internally: How to Make the Right Choice
When critical positions open up, organizations face a pressing question in talent management: Should we hire externally or promote internally? The choice carries significant weight, as it can impact company culture, performance, and, ultimately, long-term success: The United States (US) Department of Labor, for instance, indicates how a bad hire can cost businesses 30% of the employee’s first-year earnings. Some human resource (HR) firms even estimate a heftier expense, ranging from $240K to $850K per [...]
Task-Oriented vs. People-Oriented: Can Managers Be Both?
A burning question has been a topic of debate for years: Does a task-oriented vs. people-oriented management style work best? A leader keen on hitting goals and fulfilling responsibilities thrives on structure and discipline. On the other hand, one that emphasizes engagement and relationships safeguards workforce well-being. The matter boils down to a tug-of-war between employees desiring empathy and organizations wanting efficiency. But, to paint a clearer picture, we’ll answer these questions: Can leaders be [...]
Should You Promote for Culture Fit or Culture Add?
When selecting a leadership candidate, someone who understands “how things work here” seems like the safe choice. Although culture fit is seen as a key qualifier since it preserves organizational continuity and knowledge, it isn’t enough. In a world where industries and workplaces evolve quickly, a leader with fresh perspectives, that challenges and shifts the culture, keeps your organization competitive. This, however, opens up a critical concern: Should you promote one who suits your current [...]
Winning the Talent War: How to Attract and Retain Great Employees
The recruitment landscape has changed. Gone are the days when compelling job descriptions and decent salary packages were enough to captivate capable talent. Today, companies around the world fiercely compete to find, hire, and retain performers who can drive growth and innovation. This talent war, however, didn’t occur overnight. It started with a widening gap between available jobs and qualified individuals. The rise of remote work, shift in employee priorities, and speed of digital transformation [...]
The AI Interviewer Is Here: Are You Ready to Adapt?
Companies are increasingly using artificial intelligence (AI) in various aspects of human resources (HR)—from automating tedious tasks like interview scheduling and resume screening to offering personalized learning paths and performance insights. Given its role in supporting HR, the reality is that AI is here to stay. Its capabilities have evolved to handle one critical function as well: conducting interviews. Although the idea of an AI interviewer might sound unusual—even controversial—many organizations already use it to [...]