When it comes to staffing, it is more than just filling an open spot. Companies throw a lot of resources into finding the best fit for their team. Unfortunately, they may still come up short despite their best effort. Why does this happen, and what can you do to make sure your turnover rate remains low and productivity is high? It all starts with determining what goals you want for your company, and to staff a team that understands those goals. A key step to effectively staffing your team is deciding whether or not you want to hire experienced senior level talent, or entry level junior talent. Keep in mind that there are pros and cons for both categories, and it all depends on what best suits your company’s needs.
What are the advantages and disadvantages of hiring senior talent?
Senior talent consists of individuals who have multiple years of experience in their respective fields. These individuals have garnered enough experience and expertise, so they don't necessarily have to be trained. It is worthwhile to note that compared to their younger counterparts, they are willing to work longer hours and perform tasks outside of their job description. Experienced hires are generally dedicated, highly skilled, and consistent workers. They even have the potential to provide in house training to your more inexperienced team members. However, since they have more experience, they may be less malleable. There
could also be disagreements about how to best solve an issue or complete a project can arise because the experienced hire may be stubborn and set in their ways. Additionally, experienced hires may clash with management and handle constructive criticism poorly.
What are the advantages and disadvantages of hiring junior/entry level talent?
Many employers view inexperienced hires as risky but often worthwhile investments. Inexperienced hires are generally described as individuals who are just starting their careers, or individuals who only have few years of relevant experience. Often, they are incredibly motivated and energetic , and bring fresh new ideas to the table. They are willing to work long hours to prove themselves as an asset to your company. Millennials now make up the largest portion of working aged adults, so this means that companies are likely hiring millennial talent more often than not. Since millennials are the most educated group in the workforce, they can become incredible assets to your team. Inexperienced hires may have more knowledge of the technical aspects of the job, as most of them have grown up with the technology that older generations didn't have. Junior and entry level talent are far more willing to learn and grow within their positions. They have potential to really change the dynamic of the work culture for the better. They have the potential to really elevate and propel your company for years to come. Even though junior talent has tremendous potential, some may not be fully committed to their careers yet. It does not necessarily mean that they are not committed to doing a good job, but it means that they may chase better opportunities. This is not as big of a concern with older, more experienced hires. With a lack of experience, comes the need to effectively train, and this could prove to be costly and time consuming.
Money Matters
No matter which sort of candidate you choose, the decision could become costly. Typically, experienced workers are seeking higher wages along with competitive and substantive benefits. They will rarely be willing to take a pay cut , and negotiating salary can become difficult. Junior talent and entry level work generally start at much lower rates.
Longevity and Growth
Junior talent has more potential to grow within the company, and are more willing to learn on the job. As a result, they develop a deep respect for the company as well as invaluable loyalty. You may encounter some senior talent heading towards retirement, so longevity at your company may not be feasible. Junior talent brings a different generational perspective that could transform the culture of your company as well as the future business outlook.
So Which Talent is Best For Your Company?
There is no clear right or wrong answer. The choice is dependent on which direction you want your company to move into, as well as fiscal circumstances and the current makeup of your team. You need to consider if you want your team to consist of mainly senior talent, junior talent, or an equal mix.
If you need guidance on which options suit your company's needs, we are always here to help! Set up a coffee chat with us :
804- 362-7150
https://www.linkedin.com/company/nn-tech/