via CPA Practice Advisor
BY JOSEPH BRUNSMAN, DAN HUDSON AND BYRON PATRICK
What if you use a combination of every traditional method to assess a potential hire?
Laszlo Bock, the former head of hiring at Google explained how generally ineffective this would be. In a recent Wired article, he explains that unstructured interviews only account for 14% of an employee’s performance, reference checks 7% of performance, work experience 3%, work samples 29%. Taken in perfect totality, that still only accounts for roughly 50%; or another coin toss.
Ultimately, you’re likely looking for two seemingly basic, but profound, criteria. Will they be good at their job, and will they work hard? These two questions form the basis for every HR department’s quest to advise management on hiring qualified individuals.