Tackle Past Mis-Hires with Behavioral Interviews

Tackle Past Mis-Hires with Behavioral Interviews

Have you ever crossed paths with a situation where you successfully closed the hiring process only to find the candidate stuck in a hole of dilemma? Most organizations, recognize the fact that identifying, hiring & retaining the top talent pool is one of the most important components of scaling a business. According to an interview coach, Carole Martin, “Hiring is done with little more than a passing thought about skills, abilities, and knowledge required for a position.” This strategy might backfire with 90% to 200% of annual salary as a replacement cost, states SHRM Foundation. Before diving deep into the mechanics of best interviewing practices, it is important to understand the core components of an effective interviewing process, which are candidate’s responsibility, interview process style & interview format. What is behavioral interviewing? Think beyond traditional hiring techniques. The behavioral interviewing process demands an interviewee to respond to specific situations which goes a long way in justifying his position for the role. Make the Monjin switch where modern hiring techniques, like behavioral interviewing, are practiced to ensure mis-hires remain at bay. How does it help overcome the hiring challenges? Behavioral interviewing is the near-perfect predictor of a candidate’s future performance. HR specialists don’t just take the candidate’s word on skills and expertise but offer a platform for him to prove his worth, which is impossible with traditional hiring techniques due to its open style of questioning. Questions like “tell me about yourself” or “tell me about your previous work experience” don’t assist you with accurate data to evaluate a candidate as each can choose to answer the same question differently....
There’s Unconscious Bias at Work & AI Can Change That!

There’s Unconscious Bias at Work & AI Can Change That!

There’s Unconscious Bias at Work & AI Can Change That! Do you think you’re a biased person? At the top of your head, you probably aren’t. But each one of us imitates some degree of unconscious bias, especially in the workplace. Unconscious bias is when we judge, assess or form opinions of other individuals based on their name, race, gender, and other factors; without realizing it. This concept holds true for a lot of us, but it’s not really our fault. Rather, it’s a result of values, beliefs, and the culture that we have been accustomed to. While most of us are aware of gender disparity in the corporate world, very few know or fully comprehend the unconscious bias that exists. Numbers Don’t Lie In a study conducted by MIT & the University of Chicago, 5000 resumes with Caucasian & African-American names were sent to 1,250 employers, with each person receiving four resumes. The study discovered that resumes with typically ‘white’ names received a 50% call-back as compared to the African-American names who were, in fact, more qualified. In 2014, Google admitted that their male staff consisted only 3% Latino men & 2% African-American men. They acknowledged that the lack of diversity was a result of unconscious bias and in response, Google introduced bias-busting initiatives & workshops to educate their employees on the subject. Similarly, the Royal Bank of Canada provided sessions for roughly 1,000 executives to help them address unconscious bias. Related Read: Develop Great Work Culture, Hire Neutrally Assessed Candidates with monjin! Where AI Fits In AI has brought drastic improvements to the HR process. From automating everyday functions...
How Important is to Keep Your Employee Motivated at Workplace?

How Important is to Keep Your Employee Motivated at Workplace?

Motivation is one of the crucial factors to get the best out of every employee. The logic is simple- If you want your company to grow constantly, your employees must be highly motivated and hungry to achieve the goal. Sadly, employee satisfaction is often neglected. Some sort of survey is regularly held to check if the staff is motivated. Is it sufficient? No! The outcome of such surveys is questionable, however, there are various simple ways to motivate your employees. Let’s have a look. How to Keep Your Employee Motivated? Opportunities: You might have used this word during the interviews or pep talk. Now is the time to stand by the word and give your employee an opportunity to develop, upgrade the skills and mold into a better person. By doing so, the employees’ work efficiency will improve resulting in quality outcome and growth. Praise: Praising your employee will do wonders at the workplace. It will not only boost the confidence, but your employee will be geared up and willingly give that extra bit of hard work to earn the round of applause. Showing Gratitude: Employees will gain huge confidence if you notice their work and appreciate it. Even a simple ‘Thank You’ and staying humble will get the best out of them.  Everyone at workplace will value your opinion and contribute more in achieving the goals. Rewards and Perks: It is all about keeping your employees happy. Arranging a success party, fun event or gathering will definitely boost employees’ morale. You can lighten up the event by gratifying the top performers. Days can be hectic at times so...
Develop Great Work Culture, Hire Neutrally Assessed Candidates with monjin!

Develop Great Work Culture, Hire Neutrally Assessed Candidates with monjin!

With a growing job market, recruiters face several challenges. The main one is finding the right talent without going overboard on their budget. But is budget the only issue while hiring? Well, the answer is NO. Unbiased hiring i.e Neutral assessment is yet another significant issue which often goes unnoticed. What is Neutral Assessment? Neutral assessment is when the interviewer or the hiring manager assess the candidate based only on his skills. The whole hiring process is unbiased. Other external factors like race, ethnicity does not play any part when interviewing or hiring the right candidate. Neutral assessment is what a hiring manager should look at and that’s where Monjin steps in. Monjin’s core focus is to provide candidates who are assessed based on their skills and not on gender, race, ethnicity and geography. With neutral assessment, the organization will have employees coming from a different background- bringing in varied experiences, thoughts and ideas, which will result in a better work culture. Diversity is important in the workplace because it builds a company with a unique dynamic and a strong ability to adapt. It can also result in creative solutions for problems, and in increased productivity. There’s evidence that teams with a broader range of experiences and perspectives perform better, and diverse businesses are more likely to understand the needs of a wider range of customers and clients. Related Read: I Never Looked Back after Setting Work Goals Yet, many company-culture programs tilt into stealth discrimination. Resumes contain a lot of useful information for employers, but also are loaded with details that showcase gender, race or ethnicity. Even the most...
How to Retain Your Best Employee?

How to Retain Your Best Employee?

“The key for us, number one, has always been hiring very smart people.” – Bill Gates, Microsoft The job market is now largely candidate-driven, and there are more jobs available than candidates to fill them. For hiring professionals, that means it’s getting harder and harder to find that perfect candidate to join the team. According to Investopedia, training a new employee to the break-even point takes an average 6.2 months. In one study, economist Eileen Appelbaum and sociologist Ruth Milkman find that executive positions, which are well-compensated and likely have stringent educational credential requirements, have higher turnover costs than jobs with low educational requirements. So it is important to retain your existent talent in the organization. Almost one-third workers intend to move jobs in two years, so having a proactive strategy to increase and maintain employee engagement is vital to ensuring your high-performing employees don’t get itchy feet. Here are some of the basic tips- How to retain your best employee? Promotion: If your employee is getting more business than his pay scale, you should definitely think of promoting the employee to keep him going.  Also, as a manager, you need to encourage an ongoing, two-way dialog that’s based on trust – about assignments and about deliverables, of course – but beyond that, about an employee’s career goals and aspirations. Pay right: Salary, retirement plans and vacation benefits are high on the list of why those great employees took the job, but they are not reasons enough to keep them in your employ for the long haul. Job satisfaction will increase your employee retention rate. Offer a competitive benefits package, including health and...