Hire Right, Because the Penalties of Hiring Wrong Are Huge

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Ray Dalio appeared on the annual Time 100 list of the 100 most influential people in the world. According to Forbes, he is the 30th richest person in America and the 69th richest person in the world with a net worth of $15.2 billion as of October 2014. He is the Founder and CEO, Bridgewater Associates, an American investment management firm.

Here is ten of his “Principles” of hiring:

1. Think through what values, abilities, and skills you are looking for.

2. Weigh values and abilities more heavily than skills in deciding whom to hire.

3. Write the profile of the person you are looking for into the job description.

4. Look for people who have lots of great questions.

5. Make sure candidates interview you and Bridgewater.

6. Don’t hire people just to fit the first job they will do at Bridgewater; hire people you want to share your life with.

7. Look for people who sparkle, not just “another one of those.”

8. Hear the click: Find the right fit between the role and the person.

9. Pay for the person, not for the job.

10. Recognize that no matter how good you are at hiring, there is a high probability that the person you hire will not be the great person you need for the job.

Here are seven more tips for hiring:

1. Remember that people tend to pick people like themselves, so pick interviewers who can identify what you are looking for.

2. Understand how to use and interpret personality.

3. Pay attention to people’s track records.

4. Dig deeply to discover why people did what they did.

5. Recognize that performance in school, while of some value in making assessments, doesn’t tell you much about whether the person has the values and abilities you are looking for.

6. Ask for past reviews.

7. Check references.

From Principles by Ray Dalio, CEO of Bridgewater

http://www.bwater.com/Uploads/FileManager/Principles/Bridgewater-Associates-Ray-Dalio-Principles.pdf

Learn more about hiring at http://pe-trick.com/

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