Developing a managerial style does not always come naturally. Being able to accurately identify who in your business is ready to move onward and upward, take on bigger opportunities and challenges, and be responsible for other people is no easy feat. But putting in the effort early and identifying the key traits required for managerial success will ensure you select the most suitable candidate for the level of responsibility and dynamics of the team they will inevitably lead.
Consider Both ‘Sides’
It is important to look both inside and outside your company when seeking your next managerial candidate. Each pool has merits and drawbacks, but it is up to you as the hiring authority to weigh the situation and determine who will be a top candidate and the best fit for the company. Often, these decisions are made after a long, drawn out recruitment process when everyone is tired and ready to just get on with it. Calculated, informed decisions will always pay off – whether your final selection comes from within or outside the walls of your company.
Hiring from Within
Current employees come with perceived assurances of capability, tenured alliances, and potential biases external candidates simply will not. They have been through the hiring process, know how the company works, and have been designated a good fit for the company. For these reasons, it is often assumed an internal candidate will need less training in everyday operations and procedures. It is important to remember that someone moving up in the company has never held that role or level of responsibility before. The changes experienced will extend far beyond a new job title or work space. Be mindful and prepare for the inherent ripple effect of internal promotions.
Hiring an Outside Candidate
Sometimes it helps to gain a fresh perspective on what has become the everyday to current management and entry-level employees. An outside hire could provide new and valuable insights that can lead the company to new territories and offer fresh approaches to existing issues. Don’t be afraid to hire from outside the company, especially if you are hiring from within only because it seems like the safe option. Taking a risk on an unfamiliar but suitable candidate could lead to a more successful outcome in the long term.
SmartHire can help expedite your process, help reduce your risk associated with external hires, and prepare teams and individuals for internal promotions. Learn more about what we can do for your hiring process here.