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Should Potential Factor Into Your Hiring Strategy?

April 28, 2021

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Potential in Hiring Strategy fatured

When you’re expanding your staff, your first instinct may be to look for a candidate who is experienced and has every qualification that you feel would be an ideal skill for someone in the open position. Unfortunately, by restricting your search only to proven candidates with a long track record in the industry, you could be missing out on hiring bright young talent with lots of potential.

Many new entrants to an industry have lots to offer, including creative new ideas and the ability to think outside the box. However, to benefit from what the emerging leaders of tomorrow have to offer, you need to make potential a factor into what you look for when you hire candidates.

There are a few key reasons why we factor each candidate’s potential into our hiring strategy and perhaps weigh it as more important than a candidate’s current skills:

You can hire talented young workers before competitors do

If you hire people based on their potential before they’ve fully proven themselves, you may get a major competitive advantage. These staff members can shake up your organization and bring their innovative ideas to you instead of to your competitors. They’re also more likely to stick around once they’ve become proven talents because you’ve given them an early chance.

Read Next: Quality Vs. Quantity: Why Both Must Be a Part of Your Hiring Strategy in 2021

You can lower the cost of your hiring strategy

Hiring established, experienced industry leaders is often very expensive because there is a lot of demand for these workers. If you hire young people with a lot of potential but who haven’t yet become in-demand candidates, you can keep salary costs down while getting staff members with unparalleled skills.

You can invest in innovation

Many industry leaders have been in the business for a long time. While they may have immense talent, they may also come to your organization with preconceived ideas of how things should work. If you hire people without a lot of experience but with a lot of talent, you can build a team that is prepared to look at things in new and exciting ways.

Spectra360 can help you to find skilled candidates with tons of potential who would be a great addition to your organization. To find out how our staffing service can help you hire the next generation of industry leaders, contact our team of experts today.

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