Why a Good Hiring Process Matters - Spark Hire

Why a Good Hiring Process Matters - Spark HireHiring is an essential part of keeping a business moving forward, but for many managers the hiring process is also slightly overwhelming. It takes a significant amount of time and energy, plus there doesnt always appear to be a proper method to the madness. If youre looking to beef up your hiring process, ensuring that youre only bringing top talent on board, consider these pointsMake it easy for people to applyIdeally the people who are applying for your positions are already working in high-powered jobs in your field. Therefore, they dont want to be jumping through hoops when they want to apply to your position. In buchen to encourage desirable talent to apply, youll need to make the process easy for them. Forms should be self-explanatory and available online.Put pre-screening steps in placeYour time is valuable, and if youre blocking out hours a day to speak to candidates who simply arent qualified, youll find that hiring quickly becom es a time suck. To prevent this from happening, youll want to put some pre-screening measures or hiring tests in place so that youre only interviewing those who would truly be a good fit for the role that you have available. These requirements will vary based on your company, industry, and the open position, but setting some standards is necessary.Create standard interview questionsPutting standard interview questions in place makes the process fair for all candidates, and it cuts down on verschlimmerung for you. Its much easier to compare candidates when everyone has answered the same questions. Now youre comparing apples to apples instead of apples and oranges.Dont forget about references and background checksA persons references can help to paint a more 3D picture about what this individual is like as an employee. While it takes time to contact references, doing so helps to prevent you from making a hiring decision youll later regret.Add in additional components to the interviewW hile having a discussion about the job with the candidate is important, dont be afraid to get creative with how you interview. If the job has a lot of hands-on requirements, you might want to have candidates demonstrate their work during the interview. Its easy for a person to talk about the job and what theyd do if they received an offer, but having potential hires actually show their work can help you to verify that they truly are a good fit.Taking some time to review your companys hiring process allows you to make necessary tweaks in order to improve it, making it more pleasant for candidates and for those doing the interviewing.Image Jakub Jirsak/BigStock.com

JPMorgan Raking It In While Competitors Struggle

JPMorgan Raking It In While Competitors StruggleJPMorgan Raking It In While Competitors StruggleA few days after topping Institutional Investors All-America Research Analyst poll for the first time, JPMorgan Chase revealed that it booked $4.42 billion in net income for the third quarter 2010.The firms reported earnings beat analysts estimates and were 23 percent higher than its third quarter 2009 net income. However, overall revenue fell by 15 percent, and the banks fixed-income, currency and commodity trading business (which had been killing it earlier in the year) had a tough three months, with revenue falling by 14 percent.Still, JPMorgan Chase CEO Jamie Dimon has much to be happy about his competitors, including Goldman Sachs, Bank of America and Wells Fargo, all of which will be revealing their third quarter results in the coming days, are expected to report significant decreases in overall earnings, not increases.