Hess Associates

The Second Most Important Issue Facing a Small Company

There are a multitude of issues facing small companies the first of which is cash flow which includes such mundane but essential items such meeting payroll (which is really part of money management). The question is what is the second most important issue facing small business?

Finding a number 2 person and landing them is probably one of the more difficult activities for the top person in a small business. And the cost of mis-hiring is significant.

Small business owners fear that their business will stall if they are away and they refrain from taking the time to recharge their energies. But by having a strong number 2 man in the organization, there is less chance of owner fatigue which often leads to making wrong decisions.

So how do you go about find a number 2 person.

First, and foremost is figuring out “in depth” exactly what you are looking for.

Second, recruit a fairly sizeable number of potential candidates.

Third, based on the resumes decide which have the performance history that
matches what you are looking for.

Fourth, using an identical questionnaire do telephone interviews with candidates from step three.

Fifth, invite 3 – 6 finalists for face to face interviews and evaluate the results. Then pick 2 candidates and do extensive reference checking with given and non-given referees. Then decide which of the two will work best in your environment.

This is probably the best way of finding your number 2 person. It can be a time consuming process but well worth the end result.

Herbert Hess

Share With Your Colleagues...
    Share With Your Colleagues...
      Why Give Your Employees Standing Desks? Should a Man Wear Brown Shoes to an Interview? Why is Retirement so Challenging? When is it time to look for a new job? Getting over the Sluggish Blues What is CRISPR-Cas9 and Gene Editing anyway? Dating and Your Workplace – Do or Don’t – But Most Do 10 Ways to Work from Home Efficiently How do Deal with Annoying People at Work Is a Manager Entitled to Overtime Pay in Ontario? What are the Disadvantages of Hiring Contract vs Full-Time? Mind the Gap!!! And How to “de-Gap” your Resume How to Hire the Best Talent 5 Reasons to hire a consultant The “Pink Collar” Man in the Glass Elevator How do You Find a Summer Job in Ontario? How to Keep Employees Happy and Motivated Why do Companies Post Fake Job Ads? Who or What is Generation Z? How to Annoy your Recruiter Should Candidates Ask Questions During an Interview? How Hiring Managers are Using Social Media to “Vet” Potential Candidates Rearing the “All Digital Generation”? Is the traditional resume disappearing? No Future for Voicemail on Land Lines Online Programmatic Advertising The Internet of Things Women and the Boardroom 2014 FitBit and the Workplace Who are the Baby Boomers, Generation X, and Generation Y? Working for a Younger Boss End of 2014 IT Salary Information Stephen Poloz and Working for Free How Important Are Reference Letters? Psychological Health and Safety in the Workplace Ideas on Changing Careers Back To The Future 10 Telephone Interview Tips On Edward Snowden and Privacy Issues Canadian Salary Updates – IT and Biotech Spring 2014 The Second Most Important Issue Facing a Small Company Job Losses and Gains 2013 What is Bitcoin – What Are Bitcoins? Canadian Pharmaceutical Manufacturing Industry 2013 WXN Top 100 Most Powerful Women 2013 Privacy and Your Data Laboratory Workplace Psychological Health The Dollar Cost of Employee Turnover National Biotechnology Week 2013 Sept. 20 to 27 Five Most Important Reasons a Company Should Hire Contract Staff Use of Contract Workers in the Biopharmaceutical Industry Women Executives in Canada 2012 Metadata Monsters Is There a Hidden Cost to Hiring? Tips on Conducting Video Interviews with Candidates What is Epigenetics? 2013 Toronto HotDocs Exposé of the Dangers of the Internet 2012 Pharma/CRO Employment/Salary Picture 2012 IT Salary Ranges

      CATEGORIES

      ARCHIVES