Prioritization of quantity and speed over quality.Sending new interviewers into the wild with no training and little regard for a common understanding of what good looks like.So, it’s time to stop the slapdash hiring. When you were on a rapidly rising tide, it may have been okay that some sub-par players would slip through the cracks. We’re already seeing the unfortunate aftermath of the haphazard, short-sighted hiring practices of the past decade resulting in layoffs at a slew of high-profile companies and many other companies dropping forecasted headcount growth by 30-50%.ĭisorganized, inconsistent, and low-quality hiring processes may have gotten companies through periods of hyper growth, but they won’t fly in this new world because they’re unsustainable and setting teams up for failure. The current situation has revealed that one of the key areas in need of transformation is hiring. In particular, leaders will need to shift their mindset towards hiring for quality in order to help their organizations thrive as they encounter a new set of challenges. What’s clear is that current market conditions mean that the days of growth at all costs-and hiring with reckless abandon to fuel that unsustainable, short term growth-are a relic of the past.Īs with any tumultuous time, this is a moment where companies will be forced to take a critical look at their established way of doing business, and the ones who adopt more thoughtful, efficient processes in response will continue to thrive.
By this point, it’s been well established that we’re entering a new economic reality: Rising interest rates, sky-high inflation, and geopolitical uncertainties have put an end to more than a decade of unrestrained growth across the tech industry.
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