Uploaded by Heroes 4 Hire
I’ve sat in dozens of discussions with different companies over a basic question about new hires. Should we look for experience or hire someone out of college? This is actually not an easy question to answer because both choices have strong pluses and minuses.
Let’s start by looking at hiring someone with a lot of experience. What you get is someone who can start being productive early and may need very little new training. For companies that don’t have the time and patients to develop someone new this looks like a good option. However, since they are ready to go, you will end up paying more for them. You just have to determine if they are worth the extra money. In addition to all the good traits, they will also bring in all the bad habits they’ve learned in past jobs. You have to determine if this is okay and/or can you retrain these people.
New college graduates are more of a blank sheet. They don’t have some of the bad habits because they haven’t done anything yet. However, they may come with the biases of their teachers. It does cost less to get an unexperienced person but you will have to invest in a lot of training. In addition, it may take a very long time before they are productive.
In the end result, this is a partly a financial decision. Where do you want to spend your money? Where will you get the fastest return?
It’s also a cultural and team issue. Who is going to fit in with the team? Who can work in the existing culture?
I’ve seen both methods work very well and I’ve seen both methods work miserably. I think it’s a matter of knowing what you’re really buying and being prepared for getting these new hires up-to-speed.