I do not have any relevant financial / non-financial relationships with any proprietary interests.
Abstract: This session will help you to understand the financial ramifications of hiring, how to determine when the time is right, and true costs to adding staff.
Summary: In today’s overheated labor market adding staff comes with a whole new set of anxieties. This session will help you to understand the financial ramifications of hiring and how to determine when the time is right. We’ll review the traits and attributes that will add value to the culture that you want to create or maintain. And we’ll discuss the best ways to vet those traits to increase your chances of hiring successfully.
The session will include a review of the true costs to adding staff, how to build sustainable compensation plans, and the benefits of maximizing your opportunity to closely manage performance. We will demonstrate the importance of understanding of how to measure candidates’ skills and experiences against their traits, attributes and attitudes.
Additionally, we'll dive deep into the most important traits to consider when building your team.
Finally, we will set out best practices for vetting and introduce behavioral economics into the hiring process.
Learning Objectives:
Upon completion participants will be able to calculate per person productivity when making hiring and compensation decisions.
Upon completion participants will be able identify the most important traits to look for in new hires, why those traits are important and their impact on culture, employee engagement and retention.
Upon completion participants will be able identify the best vetting techniques incorporating behavioral economics theory, the pitfalls of heuristic decision-making, and how to avoid the most common cognitive biases.
