The Power of Hiring Teams: Making the Right Choice for Your Organization - Transformation Talk Radio, Episode 5
Dr. Mickey Fineberg
A Business Psychologist Ensuring that Companies Consistently Select, Promote, and Prepare Successful Candidates for Mission-Critical Jobs.
In today's fast-paced business environment, hiring the right candidate is more critical than ever. But too often, companies rely on a single decision-maker or gut instincts rather than a structured, team-based approach. In a recent episode of Inside the Mind of Hiring, I and Dr. Pat dove into the power of hiring teams, highlighting their role in ensuring the right fit and ultimately driving business success.
Why Hiring Teams Matter
Many organizations mistakenly believe that hiring should be a solo endeavor or a quick decision. However, as I point out, hiring is a complex process that benefits greatly from diverse perspectives. Whether it's two people or a larger panel, a hiring team brings together multiple viewpoints, reduces bias, and fosters a more comprehensive evaluation of candidates.
A great analogy, Dr. Pat used to explain hiring teams is the NFL draft. Football teams don't rely on one person to select player -- they bring together scouts, coaches, and analysts to weigh every factor before making a choice. The same approach should be applied to business hiring.
The Role of Psychological Assessments in Hiring
I emphasize the importance of incorporating psychological assessments into the hiring process. These assessments provide deep insights into a candidate's cognitive abilities, leadership style, and personality traits -- things that may not be immediately evident in an interview. However, I warn that these reports shouldn't be ignored or buried under piles of paperwork. Instead, they should be a key part of discussions among the hiring team, helping them make an informed decision.
Real-World Success (and Failure) Stories
I share compelling examples of how hiring teams can lead to both great success and costly mistakes. In one case, a private equity-backed company successfully hired a CEO who was operationally strong but lacked strategic vision. However, by recognizing this gap early on, the hiring team put the right support system in place, and the company flourished under his leadership, eventually leading to a highly profitable sale.
On the other hand, a supermarket chain's hiring team ignored concerns about a VP of Merchandising candidate. One team member raised red flags about her leadership style, but because he was seen as biased, his warning was dismissed. Six months later, the hire failed, causing disruption, morale issues, and wasted resources. This serves as a powerful lesson: listen to the outliers on your hiring team. If one person has strong objections, it's worth exploring their concerns.
The Cost of Poor Hiring Decisions
A bad hire doesn't just cost money -- it affects company culture, productivity, and team morale. Dr. Pat and I stress that businesses can't afford to make hiring decision based on personal preference or quick judgments. Instead, they must be data-drive, using assessments, structured interviews, and collaborative decision-making.
Key Takeaways for Businesses
Work with Experts to Strengthen Your Hiring Process
At Delta consultants, we specialize in helping companies build strong hiring teams and implement evidence-based selection processes. I and our team provide expert guidance, from psychological assessments to leadership evaluations, ensuring you make the best possible hires.
To learn more, visit https://deltaconsultants.com or connect with me on LinkedIn at https://linkedin.com/in/mickeyfineberg. If you're ready to take your hiring strategy to he next level, reach out at [email protected].
Your hiring decisions shape the future of your company -- make them count.
Inside the MIND of Hiring with Dr. Mickey Fineberg and Dr. Pat Baccili
1st and 3rd Tuesdays, 11:00 AM PT/2:00 PM ET
www.transformationtalkradio.com