Attracting and retaining top talent is both a priority and a challenge for many HR managers. With 46% of new hires failing within the first 18 months, managers need to determine how to hire the right candidates who will stick around and perform. Without these key people to execute key strategies, problems such as decreased productivity, low staff morale, underachieving on corporate objectives and costly turnover, can and will occur. While there are an abundance of articles discussing the benefits of hiring for cultural fit, there is new research that suggests that it just may be more important to hire for attitude.
In an interview published on Forbes.com, Mark Murphy, founder and CEO of Leadership IQ, discussed why so many new hires fail within the first year and a half and why hiring for attitude can prevent this in the ever changing hiring landscape.
Why do so many fail within the first 18 months of taking a job?
When our research tracked 20,000 new hires, 46% of them failed within 18 months. But even more surprising than the failure rate, was that when new hires failed, 89% of the time it was for attitudinal reasons and only 11% of the time for a lack of skill. The attitudinal deficits that doomed these failed hires included a lack of coachability, low levels of emotional intelligence, motivation and temperament.
Read the full story: