Ashneer Grover, the founder of BharatPe and a prominent figure in the Indian fintech domain, has stirred up a debate with his unconventional stance on hiring practices.
In a recent podcast interview, Ashneer expressed his skepticism about lengthy hiring processes and notice periods, advocating for a more agile approach.
The Traditional Hiring Process
Grover believes that companies spend too much time in the hiring process. From identifying the ideal candidate to waiting out their notice period, the entire cycle can stretch over several months.
Waiting for the right candidate consumes valuable time. By the time the new hire settles in, the organization may have lost significant opportunity cost.
Ashneer Grover: The “Hire Fast, Fire Fast” Philosophy
Ashneer Grover proposes a radical shift: “hire fast, fire fast.” His argument is simple—companies should focus on local optimization. Instead of investing months in identifying the perfect candidate, they should make quicker decisions.
Also Watch: How GenAI Transforms Hiring and Recruitment, Click Here
Grover emphasizes that the real test comes when the candidate starts working. Rather than relying solely on interviews, organizations should assess performance on the job.
Reality Check by Ashneer Grover
Grover candidly admits that he hasn’t seen a 100% success rate in hiring decisions. Sometimes, candidates excel at selling themselves during interviews but fail to deliver once onboarded. By adopting a faster hiring process, companies can reduce the opportunity cost associated with lengthy recruitment cycles.
Asish Mohapatra, CO-Founder and CEO, OfBusiness, echoes Grover’s sentiments. He emphasizes hiring freshers and molding them within the organization.
Implications and Challenges
While agility is crucial, organizations must strike a balance between speed and quality. Rushed decisions can lead to poor fits. Grover’s philosophy challenges the status quo. It requires a cultural shift within organizations to embrace faster decision-making.
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