MBA2420 Q&A Wednesday: Should I hire someone underqualified that has potential?

The $100 MBA Show

Omar Zenhom

Entrepreneurship, Business, Careers, Marketing

4.8 • 2.2K Ratings

🗓️ 24 January 2024

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ever found yourself wondering whether to hire someone with loads of potential but not quite the qualifications you're looking for? Is it a smart move to bring on an under-qualified candidate with a ton of upside?

It's a tricky decision to hire under-qualified talent and there are risks and rewards involved. That's why Omar's bringing in some real-life stories to give you a clear picture of what to consider when faced with a potential hire who's a bit of a wildcard. Plus, he's throwing in some tried-and-true tips for creating a probation plan to test the waters and ensure a good fit for your team.

Get ready to gain a fresh perspective on weighing qualifications against potential and walk away with the confidence to make the best (and smarter) choices for your business. It's a must-listen, so open up your favorite podcast app and tune in. Click Play!

Transcript

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0:14.6	Hey, welcome to the $100 R. M. B. Podcast, that's always got your back. I'm your host, your coach, your teacher Omar's at home.
0:18.1	And in today's lesson, we answer a question from one of our listeners on Q&A Wednesday.
0:23.7	And today's question is from Mike and Mike asks,
0:26.3	should I hire somebody who is underqualified
0:28.6	but has potential?
0:30.1	I'm looking to make my third hire in my new business and I found a candidate that has a great attitude,
0:35.6	seems to be a hard worker, but doesn't have exactly what I'm looking for.
0:40.3	They haven't done what I need them to do in the job, but I think they have potential to learn.
0:46.0	Should I hire them?
0:48.0	Would love your advice, thanks Mike.
0:50.0	In my 20 years of entrepreneurship experience, one of the hardest things you have to do as an
0:54.9	entrepreneur, as a business leader, is hiring, is recruitment, finding great talent.
1:00.4	It's really hard because you don't have a lot to go on.
1:02.4	You have their CV, their resume, their LinkedIn,
1:05.0	maybe you can call the references, you can do a couple of interviews, but that's pretty much all you got.
1:11.0	To make a decision and to trust this person to do the job you need him to do.
1:15.9	So in today's lesson, I'm going to share with you how important is talent, experience,
1:20.7	qualifications, can you train somebody who has potential?
1:24.0	Is it worth you training them?
1:26.1	Or is it a risk or are you going to waste more time and money than it's worth?
1:30.6	I've been in my position several times and I'll let you know how it went down.
1:35.0	Let's get into it. Let's get down to business.
	...

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