Are You Sure About That New Hire?

Perhaps you or someone you know has had the experience of accepting a new position about which you were extremely excited, only to find out shortly after starting that you would be second-guessed about your decisions and not really have the authority you were led to believe you would.  Recently I read an article on CFO.com titled, How to Avoid Power-Hungry Bosses by Alix Stuart that addresses how a potential employee can avoid this.

What About the Other Side

Now turn this around.  Suppose you are the company’s owner, president, CEO, or other hiring authority.  There are many questions to consider as you prepare to hire someone:  Here are just a few:

  1. What authority you are willing to give up?
  2. How fast are you willing to delegate this authority?
  3. Can you give others ownership over specific areas?
  4. Can and will you accept decisions made that differ from what you would make?
  5. Do you have in place a plan that allows new hires to grow?
  6. How much autonomywill this new employee have in the areas of:
    1. Hiring and terminations?
    2. Goal setting for their specific areas?
    3. Interaction with other managers and employees?
  7. Perhaps most importantly, are you ready to let go of some of your control?

These are just a few of the questions to consider as you look to make hiring decisions.  Your own personality and temperament will undoubtedly generate other questions to consider.  However, if you are struggling with any of these areas, you may need to pause before you make that hiring decision.

What Is the Advantage?

In order for employees of any level to progress, they must be allowed to grow through personal change.  As long as their every decision and action is completely dictated, their growth is stunted.  Some companies insist on hiring someone who has every skill they are looking for in a particular role.  That tends to make me think they are totally function driven.  They might as well be buying a robot.  Do you really need to hire someone who knows everything you need right then and will not need to grow?  Frequently a company gets overly focused on some technical skill (such as a particular software program) and loses sight of other things that over the long haul will have a greater impact on the success of both the employee and the company.

So if you are willing to accept that employees (especially management level) must have some freedom to make decisions, accept responsibility with accountability, and be allowed to grow and learn, then you can realize multiple benefits.  Some of these are:

  1. You are no longer the sole decision maker, so you are free to let it go for a while.
  2. Employees will offer solutions and ideas you would never have considered.
  3. Our greatest achievements are achieved in cooperation with other people.
  4. Your company can grow and improve at a faster rate.
  5. Employees may establish relationships outside your company that will help propel your future business growth.

Of course, this is just a sample of the benefits you may realize.  Before you make that next hire, stop and think if you really are ready.  If you still want to be in total control, do everyone a favor and make that clear during the hiring process.  But, if you know you need to let go, be prepared to “get comfortable with your own discomfort.”  It will get better.  I know this from my own experience of learning to delegate.  It was one of the best things I ever did.

Should you like to know more, contact us at: AimCFO – Contact

As always, your comments are welcomed.

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