11 Apr Why You Always Need to Be Interviewing Potential New Employees
If you’re always interviewing potential new employees, you’ll have candidates lined up to fill an unexpected vacancy quickly.
How can you avoid prolonged interview searches at your firm after an unexpected vacancy pops up?
Over the last year or two, we’ve been contacted numerous times by REA firm leaders and owners about interview searches they’ve conducted for positions that have gone unfilled for up to a year or more.
According to a recent staffing and compensation survey, support advisors take six months on average to fill a role like that. Lead advisors, meanwhile, take an average of two years. This kind of time frame is the direct result of a firm taking a passive approach to hiring.
There are many different things that can cause a company to have to start from scratch with their interview process, and that’s why we highly recommend that you always be interviewing potential new employees.
Once a week, set aside an hour or so to network and find good people you can talk to, no matter what type of role you’re looking to fill. You never know when you’ll need a good pool of candidates to move forward with—people you have a connection with and whose backgrounds you’re well aware of.
Case in point: I know of an REA who lost a lead manager after bonus time, but instead of taking the average of two years to find another lead manager, they filled the position in just a few weeks because they’d been networking the whole time and already had three people lined up to speak to.
If you’d like to learn more about implementing a continuous interviewing process at your firm, feel free to schedule a complimentary consultation. We look forward to hearing from you soon.
Leah Yosef International is the Private Wealth and Investment Management search division of Sanford Rose Associates, recognized by Executive Search Review as being one of the Top 10 Search Firms in North America with 90+ Offices worldwide. To learn more, please reach out to your Leah Yosef International executive search consultant today. Schedule A Consultation