Managing For Dummies®, 3rd Edition

Chapter 5. Hiring: The Million-Dollar Decision

In This Chapter

• Determining your needs

• Recruiting new employees

• Following interviewing do's and don'ts

• Evaluating your candidates

• Making the big decision

Finding and hiring the best candidate for a job has never been easy. The good news about all the streamlining, downsizing, and rightsizing going on in business nowadays is that a lot of people are looking for work. The bad news, however, is that few of them have the exact qualifications you're looking for.

Added to that, the Baby Boom generation that has dominated most organizations for the past couple decades is beginning to retire. During the next ten years, 32 million jobs will be vacated and 20 million new jobs will be created. This means 52 million jobs in the United States will need to be filled; however, the projected available labor force will be only 29 million. This leaves a gap of 23 million jobs — and a huge impact on recruiting, training, succession planning, transfer of knowledge, retaining, and leading. Three conditions — an aging workforce, a shrinking labor pool, and a projected population peak — are converging to create one of the most competitive marketplaces ever. It's up to managers and other business leaders to address these issues soon or risk falling behind the competition.

Your challenge as a manager is to figure out how to not just find the best candidates for your job openings, but also convince them that your company is the best place to work. This chapter guides ...