Hiring the right employees is key to a successful business

Happy employees make happy customers. Employee satisfaction and engagement are correlated to business outcomes.

Ponder for a moment the last person you hired. After you selected them, did they work out as intended? Or did they turn into somebody totally unlike what you thought when you interviewed them?

The most important aspect of any business is recruiting, selecting, and retaining top people. Research shows those organizations that spend more time recruiting high-caliber people earn 22% higher return to shareholders than their industry peers. However, most employers do a miserable job selecting people. Many companies rely on outdated and ineffective interviewing and hiring techniques. This critical responsibility sometimes gets the least emphasis.

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Finding the right employees, providing them with the tools they need to do their jobs, keeping the good ones happy, and keeping them around is the job of the whole organization — even the CIO. Yet employees report significant dissatisfaction with the technology provided to them at work: the technology expectations gap. And that gap is more pronounced in Europe than elsewhere. With technology tools front and center in the minds of many employees, the CIO can play a critical role in steering the right course to attract and retain the company’s key assets — the workforce. That role requires close collaboration with HR to embed technology into the corporate culture, to enable and promote the use of technology across the organization, and to constantly evaluate the attitudes of the workforce in order to accommodate an ever-changing workforce.

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Author: Victor Janulaitis

M. Victor Janulaitis is the CEO of Janco Associates. He has taught at the USC Graduate School of Business, been a guest lecturer at the UCLA's Anderson School of Business, a Graduate School at Harvard University, and several other universities in various programs.