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Cultivate a Nose for Talent When first setting up a company, I believe that it is the eŶtƌepƌeŶeuƌ’s ƌespoŶsiďility to hiƌe the ďest people foƌ theiƌ business. All too often, however, mistakes are made during the hiring process, proving that talent-spotting is in itself a talent that can be difficult to master. Getting the right staff at an early stage is the best investment a company can make. Getting it wrong can be costly both in terms of finance and time. ReĐƌuitŵeŶt is ofteŶ a ďusiŶess’s greatest costso it is all the more important for entrepreneurs to maximise their return on staff investment. HiƌiŶg the ǁƌoŶg peƌsoŶ ĐaŶ, iŶ a sŵall ĐoŵpaŶy, haǀe a Ŷegatiǀe iŵpaĐt oŶ the eŶtiƌe teaŵ’s productivity. Conversely, the right person can enhaŶĐe the ǁhole teaŵ’s ĐoopeƌatioŶ aŶd ĐohesiǀeŶess aŶd ƌeduĐe eǀeƌyoŶe’s ǁoƌkload, theƌeďy iŶĐƌeasiŶg pƌofitaďility. With roles that directly deal with customers, it is crucial to employ the right person: they will be a reflection of the entire business and customer service is the lifeblood to fledgling businesses. This is even more important in this day and age with the use of social media and the internet. Bad ƌeǀieǁs ĐaŶ spƌead like ǁildfiƌe aŶd destƌoy a ĐoŵpaŶy’s ƌeputatioŶ iŶ just ϭ4Ϭ ĐhaƌaĐteƌs. It is becoming increasingly difficult to differentiate potential candidates, particularly in a world where everyone seems to have a degree. Therefore, employers should look to determine whether candidates will be able to quickly fit in with the company culture, which will in turn maximise productivity and employee welfare. A person can have a fantastic degree and a great CV, but if their attitude does not fit in with the company culture then they will not be a suitable appointment. What stage the business is at can influence the type of person that you should hire. In small ĐoŵpaŶies, you ǁill ŵost likely ƌeƋuiƌe geŶeƌalists that ǁill get stuĐk iŶ if Ŷeed ďe. IŶ laƌgeƌ organisations the role will be much more specific. Generalists need to be able to adapt and react to the needs of the business quickly and efficiently; this is a skill that is not easily come by. Ultiŵately ǁithout good staff the ďusiŶess ǁill Ŷot ƌuŶ aŶd a ĐoŵpaŶy’s ǁoƌkfoƌĐe ĐaŶ ofteŶ ďe the greatest cost so investing time in the recruitment process is extremely beneficial for the performance of the company. However, to get the right staff you need the right recruitment strategy.

Cultivate a Nose for Talent

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Tej Kohli is a highly successful international businessman, entrepreneur and an ardent philanthropist with an innate talent for supporting and nurturing entrepreneurs with extraordinary ideas, to create pioneers of the future.Mr Kohli invests in people with the strongest work ethics and ideas that have the ability to make an impact on the global stage; he provides entrepreneurs with support and nurtures their extraordinary ideas. This support comes in the form of valuable management advice and connecting nascent companies with important industry contacts. It is also about obtaining access to capital, whether through early stage funding or via the public markets.Tej Kohli is fascinated by youth, whom he believes are the progenitors of innovation. He recentlylaunched Kohli Ventures to capitalize on the significant opportunities he believes exist in emerging markets. He invests primarily in the technology and IT, payments, data analytics, real estate and medical innovations sectors. He has offices in Abu Dhabi, Buenos Aires, Delhi, London, Miami, New York, San Jose and Vancouver.

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  • Cultivate a Nose for Talent

    When first setting up a company, I believe that it is the

    e t ep e eu s espo si ility to hi e the est people fo thei business. All too often, however, mistakes are made during the

    hiring process, proving that talent-spotting is in itself a talent that

    can be difficult to master.

    Getting the right staff at an early stage is the best investment a

    company can make. Getting it wrong can be costly both in terms of finance and time.

    Re uit e t is ofte a usi esss greatest costso it is all the more important for entrepreneurs to maximise their return on staff investment.

    Hi i g the o g pe so a , i a s all o pa y, ha e a egati e i pa t o the e ti e tea s productivity. Conversely, the right person can enha e the hole tea s oope atio a d ohesi e ess a d edu e e e yo es o kload, the e y i easi g p ofita ility.

    With roles that directly deal with customers, it is crucial to employ the right person: they will be

    a reflection of the entire business and customer service is the lifeblood to fledgling businesses.

    This is even more important in this day and age with the use of social media and the internet.

    Bad e ie s a sp ead like ildfi e a d dest oy a o pa ys eputatio i just 4 ha a te s.

    It is becoming increasingly difficult to differentiate potential candidates, particularly in a world

    where everyone seems to have a degree. Therefore, employers should look to determine

    whether candidates will be able to quickly fit in with the company culture, which will in turn

    maximise productivity and employee welfare. A person can have a fantastic degree and a great

    CV, but if their attitude does not fit in with the company culture then they will not be a suitable

    appointment.

    What stage the business is at can influence the type of person that you should hire. In small

    o pa ies, you ill ost likely e ui e ge e alists that ill get stu k i if eed e. I la ge organisations the role will be much more specific. Generalists need to be able to adapt and

    react to the needs of the business quickly and efficiently; this is a skill that is not easily come by.

    Ulti ately ithout good staff the usi ess ill ot u a d a o pa ys o kfo e a ofte e the greatest cost so investing time in the recruitment process is extremely beneficial for the

    performance of the company. However, to get the right staff you need the right recruitment

    strategy.

  • Here are my top five tips for entrepreneurs looking to recruit the right talent:

    1. Trust your gut

    2. Clearly identify what areas of the business are lacking and hire for them

    3. It is better to wait for the right candidate than rushing into hiring someone who is less than

    ideal

    4. Put a little bit of time and effort into drawing up a good job description. As a result you will

    attract better candidates

    5. Willingness to learn is very important. It is better to invest in and educate people to get them

    where they need to benobody will be completely perfect for the role.

    Personally, I value a strong work ethic and creative ideas above all other attributes, so this is

    what I look out for in potential candidates. It is really worthwhile thinking about what attributes

    you value and which ones will add most value to your business. Often people with similar

    beliefs to you, make the best employees.

    Once you have employed great talent the real challenge beginsmaking sure that you retain them!