Common Mistakes Companies Make in Hiring and Developing Talent

Common Mistakes Companies Make in Hiring and Developing Talent

The human resources department of a company has a tremendous impact on a firm’s success and growth, which is why to avoid stagnancy, it’s essential to hire new employees or train existing ones. Unfortunately, all too often, companies make bad hiring decisions or fail to see potential in existing employees.

These two factors play a significant in the rise of incompetence and dissatisfaction among employees, preventing both the company and its staff from reaching their highest potential. To prevent situations like these from arising, it’s best to consult a psychological business consultant, who will work with you and help you manage your recruitment, employee assessment, and promotion programs.

Having worked with multiple firms over the past three decades, The Company Psychologist wants to help you steer clear of errors that have cost other firms a fortune. To do so, we have put together a list of the most common mistakes companies make in hiring and developing talent, and how to avoid them!

1. Hiring based on a resume or previous experience.
People often exaggerate and outright lie on resumes about both their qualifications and experience, using it as an easily manipulated marketing document rather than a career biography. Also, just because a person has experience in a particular position with one company does not mean that his or her experience will translate to your company. Moreover, qualifications do not guarantee. Thousands and thousands of people graduate every year, why do you think only the crème de la crème of the group get hired?

To reduce bad hiring decisions, you need to customize your criteria for human resource selection to focus more on skills and personality. A strategic approach to hiring, one that includes structured interviews and assessment tools, can significantly reduce bad hiring decisions.

2. Not understanding the importance of cultural fit in hiring talent.
Every company has a unique culture. The people who thrive in a company are those whose skills, talents, personality, and values align with the company’s goals. Companies can gain an understanding of what their culture is through organizational analysis, employee and customer surveys, and open and honest communication. Before hiring someone, try to ensure that they understand the core values of your company.

3. Not identifying and developing high potential talent.
Companies have a wealth of talent on which to draw. However, individuals who are not in high visibility positions often get overlooked when it comes to talent development. Some people are content to do their jobs and are not interested in advancing, while others would love the opportunity to grow, develop, and make a more significant contribution to the organization. A systematic assessment process can identify those who have the potential to take on different or more significant roles in the company as the first step in a professional development plan.

4. Not recognizing that talent development is an ongoing process.
For a person to develop his or her professional talents, classes, seminars, directed readings, and performance reviews are valuable, but not enough for long-term growth. A process of providing varied experiences with ongoing continuous feedback can keep an individual engaged, invested, and energized.

5. Not giving people the opportunity to fail.
Not every corporate initiative, project, or strategy change is successful. However, unsuccessful projects can provide valuable lessons to those involved, and those lessons can lead to future successes. People need to feel confident that a failed project does not mean the end of their careers.

6. Hiring average people and expecting above average results.
In today’s business environment, it can be very difficult to terminate someone once they are hired. Companies need to set higher standards in the initial hiring process to reduce the chances of hiring someone who is a bad fit. You might think you do, but you don’t have the time to “fix” someone who should not have been hired in the first place.

To avoid these and other mistakes, reach out to the experts at The Company Psychologist.

The Company Psychologist is owned by Angelo C. Valenti, who is a psychological business consultant in Brentwood, Tennessee, and co-author of the book Unleashing Leadership: Aligning What Your People Do Best With What Your Organization Needs Most. With over thirty-five years of experience, we have served a client base consisting of publicly traded organizations, private companies, and family-owned businesses in a variety of industries. We provide talent management and organizational development services across Brentwood, Nashville, Franklin, Murfreesboro, Spring Hill, and Hendersonville, Tennessee.

For a complete list of our services, please click here. If you have any questions about business psychology and consultancy, we’d love to hear from you. Please contact us here.

Five Things To Look For In A Psychological Business Consultant

Five Things To Look For In A Psychological Business Consultant

Motivated employees are the building blocks to success, and this is why companies place a high value on them. However, it’s not always easy to keep staff happy and maintain the culture of the organization. Luckily, a psychological business consultant can assist by identifying the right people to hire through talent assessment.

Once these assessments are complete, the psychological business consultant presents findings and helps to execute the recommendations through leadership coaching and organizational development.

If you’re considering ways to reduce labor turnover and increase productivity within your company, maybe the expertise of a professional can help. However, before you enlist the services of a professional, here are five things to consider when hiring a psychological business consultant.

1. Proven track record.

A proven track record of helping organizations hire and develop the right talent for their unique culture is desirable. Checking online reviews will be an appropriate starting point. Asking for testimonials can also uncover many hidden gems about the practitioner.

2. Customized solutions.

The psychologist should be able to create customized solutions to meet individual and organizational talent management objectives. You will have to ask for examples of how the expert has transformed organizations and channeled the inner ability of individuals.

3. Expertise.

Examine the expertise of the psychologist by checking certification and confirm if it is from a reputable academic institution. The psychologist should also have an understanding of the challenges faced by key decision makers and have worked with a wide variety of industries.

4. Efficiency.

Time is the new currency in business, so it’s important that the psychologist works with a sense of urgency and provides business leaders with efficient solutions on which they can take action. Chalking out a timeline will create useful results.

5. Human relations.

A psychological business consultant is a specialist in human relations. As a result, they should possess the ability to convey psychological principles in a practical, business-friendly manner. This rapport is essential for empowering the staff to reach greater heights.

In the world of business, your employees can make or break the organization. Sometimes internal personnel cannot come up with all the answers, and a psychological business consultant could be the missing link.

The Company Psychologist is owned by Dr. Angelo Valenti who aims to get the best out of employees, by providing psychological consultancy. We are based in Brentwood and provide talent management and organizational development services across Nashville, Brentwood, Franklin, Murfreesboro, Spring Hill, and Hendersonville, Tennessee.

To learn more about the services we offer, please click here. To get in touch with us, please click here.

What Makes The Company Psychologist Stand Out

What Makes The Company Psychologist Stand Out

Thanks for stopping by my blog. If you’re looking for more information about The Company Psychologist you’ve come to the right place.

About The Company Psychologist

After receiving his Ph.D. in psychology, our founder Angelo C. Valenti, dedicated himself to helping companies achieve success through people. To help them do so successfully, he founded The Company Psychologist in 1982.

After starting with one client thirty-six years ago, the company has grown to serve organizations across the US, Canada, and Europe. Exposure to global markets has allowed us to fine-tune our methods and create personalized consultancy services for our clients, by recognizing the challenges and opportunities that exist within an organization with unique cultures.

Today, we take great pride in being the foremost psychological consulting firm, located in Brentwood, Tennessee, which specializes in assisting organizations to assess internal and external talent during critical hiring and professional development stages.

The Company Psychologist difference

Businesses place a high value on their people and understand that hiring mistakes can prove to be financially costly. They can also disrupt the organization’s culture and relationships with their customers.

To prevent mistakes like these, The Company Psychologist bridges the gap for our clients based on our commitment to a strategic approach in identifying the right traits when hiring talent and developing these individuals in an organization.

After gaining an understanding of an organization’s mission, vision, and values, we assess the strengths and weaknesses. We can then assist decision makers in assuring that the right people are in the right place, doing the right things, at the right time, and for the right reasons.

Our expertise in talent assessment, organizational development, and leadership coaching are unmatched and have propelled us to the top of the industry. As a result, we have had the privilege to work with businesses in industries such as insurance, retail, manufacturing, financial services, industrial distribution, healthcare, supply chain management, and publishing.

To learn more about all that we do at The Company Psychologistplease click here. If you have any questions about how we can help you, we’d love to hear from you. Please contact us here.