Should You Look for Values Over Skills?
Summary
- Prioritize hiring individuals who align with company values. This has a positive impact on employee retention and ensures they perform tasks in a way that resonates with company principles.
- Consider the training resources available within the business. If there is expertise in-house to train new employees effectively, this can be a big advantage.
- Assess the time factor in training new hires. It's crucial to evaluate whether the business can afford the time it will take to train someone to meet the required standards.
- Recognize when to hire for skills rather than training potential. In cases where time and training resources are scarce, it may be necessary to recruit individuals who already possess the needed skills.
- Don't compromise on cultural fit or personal connection, but be prepared for a challenge. Finding skilled individuals who also fit the company culture may take more effort and could entail working with recruiting firms or enhancing recruitment skills.
Video
How To Take Action
I would suggest first focusing on the people you want to hire. Look for those who believe in what your business stands for. This helps them stay longer and do their jobs the way you like it. Plus, if you already have the skills to teach new people, that’s great! They will learn to work just like you want, which is super important.
Then, think about the time it takes to teach someone new. Ask yourself if you can afford that time. If training takes too long for your schedule, you might need to find someone who already knows how to do the work. This can save you a lot of time.
But don't forget that it's really important not to just hire anyone. They should fit in well with your team. Yes, it might be harder to find the right person, and you might need a little extra help from a hiring company, or maybe improve your own hiring skills, but it’s worth it.
Here’s a simple plan to put this into action:
- Write down what your business is all about—these are your values.
- Make a list of the skills you can teach and the time you have to do it.
- If you’ve got time and skills, look for people who share your values—even if they need some training.
- If you’re short on time or can’t train, find someone with the skills who also seems like a good match for your team.
- If it's hard to find the right person, maybe get help from a company that finds good workers, or learn more about hiring.
Remember, getting the right people is a big step in making your business grow!
Quotes by Leila Hormozi
"finding people who have the values is a big Advantage"
– Leila Hormozi
"higher rates of retention amongst employees the more that we train them"
– Leila Hormozi
"they often will be able to do it more in line with how you want it done"
– Leila Hormozi
"does the business have the time for you to train them"
– Leila Hormozi
"it requires a higher level of recruiting"
– Leila Hormozi
Full Transcript
if you have the experience to train people up then finding people who have the values is a big Advantage because it also shows higher rates of retention amongst employees the more that we train them and they often will be able to do it more in line with how you want it done the next question is does the business have the time for you to train them can you wait how long will it take to get this person trained up those are the things I'm thinking through on the other side if I don't have time and I don't have skill to train somebody I would bring somebody in who does already have the skill I wouldn't even say that I would compromise on like culture or liking them I would say that it's just harder to find them and therefore it requires a higher level of recruiting you might have to like engage with a firm or learn a little bit more and like hone in on recruiting skills to find that person
