For a leader to succeed, they have to be able to hire the right people for their team. In fact nothing is more important. And while leaders are told to recruit the right people, they have never been taught how to recruit the right people. That is why most leaders spend 10% of their time recruiting, 90% of their time making up for recruiting mistakes.
The result of this is huge inefficiencies, unhappy people and results below what is possible for leaders to achieve, not to mention very expensive and disruptive processes for the organisation when the wrong people are hired.
Billionaire John Caldwell once said, “If I’m lucky, I only get recruiting wrong 70% of the time”. But how is it that we accept being wrong so much of the time?
In this video, Mads Faurholt shares based on science and research, as well as having hired and managed thousands of people; frameworks, processes, and tools for how you can become a world-class recruiter today, and immediately start hiring the right people, that will enable you and your organisation to reach its potential.
Mads Faurholt is a successful serial entrepreneur, bestselling author and keynote speaker, having founded and run companies across various sectors including technology, financial services, marketing, HR, food and education, with thousands of employees, and done several exits at valuations of up to over hundreds of million USD. Mads is a former Management Consultant at McKinsey & Company, and received his bachelor from Copenhagen Business School and his MBA from the Massachusetts Institute of Technology.
This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at
That was amazing, thank you !
good video explaining importance of recruiting.
Great. Now I know more information about employment.
Love it!! Game changer and confirmation that I am on the right path with my graduate school studies and plan.
Where can I learn more about that algorithm he was talking about?
Very Good one, I loved it
People don't hire the best workers or give good workers a chance instead they hire and value laziness
13 minutes
Summary please add if I miss something (Which I know I must have many) :
1. Recruitment is the most Important skill of leader (The band example was awesome)
2. Most leaders spend 10% of their time recruiting, 90% of their time making up for recruiting mistake
3. “If I’m lucky, I only get recruiting wrong 70% of the time”
4. Bad hires not just time but makes you sad too
5. Accessing Candidates – His Brain, Heart and Tools
As a recruiter myself, I focus more on job seekers personality and attitude than skills. Giving everyone a chance is important. I tend to learn a lot from them during my interaction and it helps a lot.
Dead on discussion!
Blue lock disagrees
Cool
the video is beautifull. is good video.
this was the exact epiphony i had earlier today, i am in the business of hiring the right team more than the product or service we sell. thats the key to success as much as anything else if not the most important! great video!
I agree with this 100%.
Having the right team behind you is necessary for success.
There is so much bs in this talk on so many levels…
Kept waiting for that magical algorithm, but did not get it!
I asked on interview to do job for 2 day and he says it's hard and i heard it first time and he left the meeting?? Any one help
Eagerness and interest go a long way in favour of the candidates. But, recruiters must keep evolving as well🙌
This helped me sooooo much
Feels good coming back 1 year later at this video. I remember watching this for the first time, knowing that I'll have to build a team in the future. At the start I recruited people could do the job, but not great. If it was not the right person, it was hard to replace them. Now, process is fast, easy to find people, but easier to find the RIGHT person.
Most of the things this video says, I applied it at-least once. Glad to hear it again.
Ive been hiring people for a while. Around 5 years for some highly technical jobs (I hire Phds in Physics, Mathematics, and so on) and some less technical jobs too. I take some time: usually around 1h30m . I like to have the person explain to me anything that they are good at or that they are passionate about. I also like to hear about previous experiences, about the hardest problems and challenges they have faced and how they dealt with it. This stage is full of subtleties: is our communication efficient ? Does he understands what Im asking ? Are his answers clear ? Are they objective ? Do I think he is being honest ? Does he look respectful ? Arrogant ? Trustworthy ? I also like to apply some logic questions : 1 to 3 questions is enough. I have one easy, one medium and a hard one. For the less technical jobs the simplest one suffices.
I also take in consideration I try to have people with different profiles in each Team. One person may be smarter while the other may be more organized , for example.
Training well is also something that should not be taken for granted !
dork
Love this!
I'm laughing so hard at this man's posture as if he's some big time tech CEO lol I disagree with quite of bit of his perspective and the fact so many recruiters agree with him shows why there are so many bad companies to work for in this day and age. I don't find his mindset effective in the long-term at all. A recruiter's life isn't easy when you "select the right person." Selecting is one thing, keeping them is a whole other skill set. Also, affecting culture shouldn't be a major priority of a company in hiring. People adapt to cultures if they value either the culture they're inserted in or what they're gaining from it, and the person's culture can contribute to making your company culture better and less myopic. A lot of great talent is wasted because companies learn to become obsessed about culture. Some people are perfectly happy just coming to work and being proud at doing their job well instead of having to fit in a culture. If you hire for culture, you hire personalities, not talent. More importantly, recruiters are terrible at putting themselves in the candidate's shoes and figuring out what the job will help fulfill in the life of that candidate. That's the most important piece if you want to keep them for a long time.
It's all about team building and how you keep your employees.
One of the most important things for any leader to be good at actually gonna argue it's the most important things for any leader and CEO to be good at the interesting thing with this particular subject that is nobody teaches as anything about its actually really hard to find any books…..
Many people have very advanced ideas of a leadership it but Ben nails it pretty damn well in that sentence there really for us leadership and our very simplistic comes down to two things it's about setting the right team setting the best team that you can for your company your organization whatever art of your life it is and this is about helping those people to achieve the results that is going to make them successful in that particular role. According to him he consider himself as a recruiter he's job and role is to find the right people. If he find the right people and select the right people he's job is really really simple and if he don't select the right people his life is very complicated. We all know this when we have a great team and we've selected the right people for our team our life looks something like this maybe not quite something like it but the fact is we're not selecting people and it's they're very good reasons for it. He teach us the secret how you select the right peoplefor your team we assume that people are going to be great at selecting people. We know what else had impact it impact is culture when you hire the wrong person we select the wrong person for a team the culture goes down the drain you know what it also impacts it's impacts your happiness you go stress to work everyday because you have to deal with it also makes their life miserable if you select the wrong person for a job your not just doing at this favor you're doing them at this favor as well it limits your growth it limits a bunch of different of you. You hire the right people your job is actually really easy
Info GYPSY
Great question! Culture.
I did not hear anything practical
This is a thought-provoking creation. I read a comparable book that was a revelation. "The Hidden Empire: Inside the Private Worlds of Elite CEOs" by Adam Skylight
Very insightful. Our company is setting up an HR campaign for 2024 and this was very helpful!
😘