Silver Lining of The Great Recession: Hiring Over-Qualified Candidates

Posted on by
Astute Employers Can Benefit from Treasure Trove of Potential Candidates
Do the rewards outweigh the risks?  The experts would suggest as much.

The Great Recession presents new opportunities for employers who have just begun to hire again.
The experts are telling us: before you decide to pass on a candidate you might think is overqualified, take a little time to get to know him/her; even though you might be inclined to dismiss the offer, the “extra” skills of the applicant could be effectively utilized to boost performance in your work group or business.  
Unless you undertake this small task (a phone call?), you’ll never know the reasons why he might be interested in the specific position: does he want to shift industries?…relocate?…create a better work/life balance?  Find out.
Here are a few ideas on how to go about the process of discerning whether you should pursue the overqualified: 


First, define the risks: 

  • What are the hazards of hiring someone with more experience than you think might be needed for the job?  
  • Might she upstage her manager?  
  • Quit early into the job because she’s not challenged or because she finds a better job?
  • Disparage co-workers for being stupid or inexperienced?

Second: define the upside: 

  • What are the possibilities, the potential benefits of taking on a worker with some bonus abilities?  
  • Might it propel your work group to a new level of attainment?  
  • Could she bring personal, organizational or technical skills that are either non-existent or in short supply that could help the group function more effectively?  
  • Does her character offer some features that might help others on the team…just by observing?

With these two pieces of work out of the way, you’re likely to be a better helmsman in steering the process.  


Ideas that can help both in the hiring and the  ”onboarding” process: 


Expand Your Thinking About the Job
Stretch your thoughts about the job: in the past, you might have searched for the right candidate to fill the opening.  Now, you can look into the future: are there needs that we will have in the future that this candidate could address?


Be Careful How You Bring Him On
Unmet expectations are, often, a key reason for turnover; it can be amplified in situations where the employee is over-skilled.  Make sure to clearly spell out the job, in detail.  Preemptively outline the tasks, responsibilities which might be “below” the skills of your new thoroughbred.  
Assure that fellow employees are aware of your decision and are going to participate in making the new hire work.


Pay Her What She Is Worth
Even though it would be easy to “discount” pay, according to the experts, by as much as 25% compared to pre-recession levels, the strong advice is against that: pay her what she’s worth.  It will work better in the long run.
If you can’t afford her, then it would be more prudent to pass.  If you have to pay her less than market, make sure she knows what the possibilities for advancement and bonuses are and, then, she can make the decision to accept.  


==========
Using appropriate strategies could help you add key people to your organization.  I, for one, would recommend “pushing the envelope” to get the best talent that’s possible.



cb6Sf.qr.2.png

44 thoughts on “Silver Lining of The Great Recession: Hiring Over-Qualified Candidates”

  2. I simply want to mention I am new to blogging and absolutely loved this web-site. Almost certainly I’m want to bookmark your blog post . You definitely have really good articles. Appreciate it for sharing your web page.

  4. I just want to tell you that I am just beginner to blogging and site-building and truly savored your web site. Likely I’m likely to bookmark your blog post . You definitely come with really good writings. Regards for sharing with us your web-site.

  11. I simply want to mention I am just new to blogging and site-building and seriously savored your blog. Almost certainly I’m want to bookmark your website . You really have exceptional well written articles. Thanks a lot for revealing your website.

  12. I and my pals happened to be looking at the good ideas from your website and so all of the sudden I had a horrible suspicion I had not thanked the site owner for those tips. All the young boys happened to be for this reason joyful to read them and have now in reality been having fun with them. Appreciation for getting quite considerate and for deciding upon these kinds of helpful themes millions of individuals are really desperate to be informed on. My personal sincere regret for not expressing appreciation to you earlier.

  13. Superb to become visiting your blog once more, it has been months for me. Nicely this article that i’ve been waited for so lengthy. I need to have that write-up to total my assignment from the college, and also it has same subject matter together with your write-up. Thanks, incredible share.

  17. I’ve been browsing online more than 3 hours today, yet I never found any interesting article like yours. It is pretty worth enough for me. In my view, if all site owners and bloggers made good content as you did, the net will be much more useful than ever before.

  20. There’s a lots great information in this blog site, even though I’d personally like tell you anything. I can realize the content material, and also the navigation do the job beneficial likewise. I never ever commonly post on blogs but I’ve discovered this really is incredibly practical perform. I high recognize this put up. It’s difficult to find the good from the bad at times, but I believe you’ve nailed it! Would you mind updating your website with more details?

  21. Definitely believe that which you stated. Your favorite reason seemed to be on the internet the easiest thing to be aware of. I say to you, I definitely get annoyed while people consider worries that they plainly do not know about. You managed to hit the nail upon the top and defined out the whole thing without having side-effects , people could take a signal. Will probably be back to get more. Thanks

  23. I precisely needed to thank you so much once more. I am not sure the things I might have carried out without the type of creative ideas contributed by you over my topic. It was actually a frightening situation for me, however , being able to see your well-written form you processed it took me to cry over joy. I’m just happier for your work and as well , trust you find out what a great job that you are getting into educating men and women with the aid of a site. Probably you haven’t come across any of us.

  30. Simply want to say your article is as surprising. The clarity in your post is just spectacular and i could assume you’re an expert on this subject. Fine with your permission allow me to grab your RSS feed to keep up to date with forthcoming post. Thanks a million and please keep up the enjoyable work.

  33. Greetings from Idaho! I’m bored to tears at work so I decided to check out your website on my iphone during lunch break. I really like the knowledge you present here and can’t wait to take a look when I get home. I’m surprised at how fast your blog loaded on my phone .. I’m not even using WIFI, just 3G .. Anyways, great site!

  39. Pingback: Pozycjonowanie Wrocław

Leave a Reply