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Do you know that Masters degree in Business Administration in Human Resource Management is a popular career option for many? People are spending on college education and proceeding further for a Masters degree from reputed institutions just to take care of human resources better. In such a scenario, can you claim to be an expert yourself simply because you have set up a business from scratch?
Some of us are affable, outgoing, and can get along with others without any difficulty. Some of us very good judge of people and can identify good and bad qualities very quickly. For such persons, absence of a degree may not be a very big problem. However, the truth is that very few persons can claim to be good judge of individuals.
People find it easier to handle a machine than handle a human being. In such a scenario, you should either employ qualified individuals to take care of the process of hiring or should rely on industry benchmarks to avoid mistakes.
Just take a look at the biggest and most reputed organization in your industry. Find out how they recruit people. Do they insist on technical qualification or are they prepared to compromise if the individual shows intelligence and capacity to work hard? Do they insist on a large number of written tests to assess technical competence before personal interviews or focus on personal aspect up front?
Remember, a big organization may work differently simply due to the scale of operations. However, if you consider this aspect and analyze trends accordingly, you can find out various pitfalls that you should avoid. If big employers face problem of higher attrition, they will automatically carry out studies and researches to identify the problem. This information is invariably available in public domain. This will help you understand the mental setup and expectations of all those individuals who are applying for jobs in your industry.
There is nothing wrong in having a mentor to guide you when hiring people. The best part is that you need not contact them personally because bulk of information is available online.