Transferable Skills Hiring in Start-ups: A Journey of Discovery and Opportunity
Efrat Aghassy Feldman
Global Talent Acquisition Leader | HR Strategist | Expertise in Recruitment Marketing & Diversity Hiring
Hello, dear readers! My name is Efrat, and I am a former Senior Recruiting Manager at Meta, currently on a journey to find my next career adventure in Israel. Being recently laid off, I found myself on the other side of the hiring table, experiencing firsthand the challenges of job searching in startups for the first time after many years in large American corporates. Interestingly, throughout this process, I noticed a heavy reliance on traditional skills-based hiring rather than the more progressive performance-based approach that I've come to value in some of the best companies in the industry. Performance-based hiring is solving the biggest business problems: engagement and retention.
After researching the subject, I found that Performance-based hiring is common for startups globally and can effectively identify and attract top talent when executed correctly. Unfortunately, ineffective execution is a common pain point for many start-ups.
Performance-based hiring focuses on evaluating candidates based on their ability to achieve specific outcomes or demonstrate critical competencies rather than simply relying on their experience, education, or interview performance.
Startups often need more resources, high competition for talent, and the need to scale quickly. As a result, they may be more inclined to use performance-based hiring methods to ensure they bring in the right people for their team. By better executing this methodology, startups can better assess a candidate's potential to contribute to the company's growth and success.?I outlined some additional key benefits: reduced talent turnover, decreased hiring costs, Better cultural fit, Scalability, and Reduced hiring bias (more diverse hires!) Faster onboarding and Enhanced employer brand.
So if you own recruiting function in a startup and you want to improve on your performance-based hiring execution or build from scratch recruiting methodology, the following are the most common and recommended elements of performance-based hiring for startups (disclaimer - the characteristics you choose to on your startup size, resources, maturity...there isn't one size fits all)
In a performance-based interview, the HR interview plays a vital role in assessing the candidate's fit with the company culture, values, and soft skills necessary for success. While other stages of the interview may focus more on technical or role-specific competencies, the HR interview aims to evaluate a candidate's interpersonal, communication, and teamwork abilities and their alignment with the company's mission and vision.
Here's how the HR interview can fit into a performance-based interview process:
While HR professionals are well-equipped to conduct HR interviews, a collaborative approach involving multiple team members often leads to a more effective interview process and better hiring decisions. For example, In my previous companies, large corporates, HR interviews were conducted by multiple team members trained to achieve them.
If you want to learn more about this effective popular method and how to execute it better, here are a few good online resources:?https://www.louadlergroup.com/about-us/performance-based-hiring/ ,?https://performancebasedhiring.com/.
If you got this far, please share your experience or any valuable feedback you might have from your startup work, job search, or other!
Associate Professor at The Hebrew University of Jerusalem
1 年Good luck in your journey!