One of the most popular motivational books of our time is "The 7 Habits of Highly Effective People," by Stephen Covey. The book has actually attracted large numbers of people who are amazed at how devoted and determined CEOs or business directors acquire and preserve such high positions.

The best cogs in the machine

It is important to note the reasons for their success. Some would say that a CEO cannot be successful if he or she does not employ the services of capable employees. A big organization loses tens-of-thousands of dollars a year in the course of choosing the right candidates to hire. In order to minimize losses and maximize profit in your company, there is a need for CEOs to employ qualified candidates. To prevent making the mistake of hiring the wrong employee, CEOs have to search for a candidate that has the qualities and credentials he or she seeks. If the candidate does not meet the requirements needed, that candidate should not be considered. Examining the hiring tactics of the most successful CEOs gives new insights into how to hire for your own company.

Test performance

It's a good idea to hire a person and put him or her on probation for some time, after which the candidate will be fully employed or laid off depending on his or her performance. Another conservative method to test prospective employee abilities is to create a project that can be completed as an independent contractor. It's important to note however that you should talk to a labor or employment lawyer to make sure your employment contract talks about the test period appropriately.

The perfect person doesn't exist

Since no one is perfect, you need to tolerate some weak points in individuals. Every individual has his or her own weak points, but the most important thing is to employ one whose strengths far outweigh any weaknesses. You can do this by breaking down your collective wishes, hopes and dreams into deal-breakers versus nice-to-haves. That's the best way to figure out where you're willing to compromise.

You also need to shift your priorities as you interview candidates to avoid being too rigid on your employees. It's therefore important to bear in mind that there are some deals that are meant to be broken.

Your employees are your reflection

Bill Unrue, the CEO of InsureWell believes that the employees you hire are a reflection of you. Every CEO must realize that all actions of their employees, both internal and external, are reflections of the company. "If you are choosing between two candidates with similar credentials, always go with the one who shows boundless enthusiasm--over other considerations, says Unrue." In business, a relentless drive can make up for quite a few lacking technical skills at the very beginning.

Listen to Rockefeller

John D. Rockefeller was the founder and CEO of Standard Oil and his most famous quote puts emphasis on hiring top tier talent. He says, "I do not think there is any other quality so essential to success of any kind as perseverance. It overcomes almost everything, even nature." No matter their skills, only hire people who have proven themselves to be relentless go-getters.

FedEx CEO Fred Smith

Frederick Smith, the CEO of FedEx has the same belief as Facebook's Mark Zuckerberg. He recommends that the company's hiring practices should reflect the principles of the leader. This is the only way to hire capable employees that have all it takes to contribute to the growth of the company. He elaborates:"Leaders get out in front and stay there by raising the standards by which they judge themselves--and by which they are willing to be judged." It is quite important for would-be entrepreneurs and future CEOs to make good decisions when it comes to employing a staff. A CEO must have the quality of recognizing top talents during interviews.

Published on: May 24, 2015