Take a moment to consider the following: If your company hires 100 people in the next 12 months, that’s an annual increase in compensation costs of at least $10 million if you factor in an average total compensation of $100,000 per person. Clearly, the total cost of hiring dwarfs the cost per hire, and no matter how you cut it, that’s a lot of money....
Posts by Lou Adler
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- Topics:
- Recruiting Tips
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Early in my career, I had the good fortune to work as a financial analyst for a Fortune 50 company. During a meeting where the president of a $2 billion group was presenting his business plan for the next year, he was lambasted by the corporate CEO with the following: “Strategy drives tactics. Tactics don’t drive strategy. And from what I can tell, you have a...
- Topics:
- Recruiting Strategy
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I’ve been roundly criticized for saying that improving the candidate experience is a waste of time, money, and resources. But while close, that’s not exactly what I said. To set the record straight, I believe that providing an extraordinary candidate experience for serious and well-qualified candidates is essential. After all, you’re affecting these people’s...
- Topics:
- Candidate Experience
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If a recruiter ever needs to present more than 3-4 candidates in order to make one great hire, there is something fundamentally wrong...
- Topics:
- Recruiting Strategy
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First impression bias is the primary cause of most hiring mistakes. Why? Because when we feel good about someone right away, we tend...
- Topics:
- Recruiting Strategy,
- Interview Questions
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In my 40+ years of recruiting, I’ve learned that recruiters often make a critical mistake in assessing a candidate for a position....
- Topics:
- Recruiting Tips