Job Seeker – You cost the same as a BMW

You or the BMW?

You or the BMW?

The Employer’s Dilemma:  The Ultimate Driving Machine or You?

One of the better career websites,TheLadders.com, recently asked me to offer some  job search advice to young professionals and I am delighted to do so; however, I hope the information is relevant to all job seekers, regardless of their level or industry.  I have interviewed many job candidates, during my career, and I offer you these suggestions based on that experience. While the selection process seems like a huge mystery, it is quite simple.  You, as a job seeker, need to understand the “why’s” behind the interview process and I am also offering you some “how’s” which will give you a competitive advantage.  So back to that BMW………………….

Consider the average cost of selecting a new employee:

BMW3

  • entry level professional = slightly used BMW 128
  • mid level manager = new BMW 320i
  • senior executive = brand new BMW 500 – 700 series

You may be surprised at the high cost of hiring and selection.  Studies show that the cost of interviewing, selection and training replacement employees costs between 30% and 80% of the employee’s annual salary.

In my last post, Why only three interview questions count, I explained why the hiring manager’s interview questions are simply designed to answer the following:

  1. Can you do the job?
  2. Will you do the job?
  3. Will we like to work with you?

The first two, designed to identify if job seekers have the education and experience, as well as  Continue reading