Dear Friends and Students
Today, the Leadership team is critical across all organizations! Be it an organization based out of the US or India, Talent is the core investment of any knowledge-based organization. Employers are struggling to Hire the Right People for the Right Functions at Right Time!
But, what is the hiring strategy of a successful employer? This could be a great tip to all entrepreneurs! Today I read a striking article in News 18 on the hiring strategy of Elon Musk, Steve Jobs, Warren Buffet, Bill Gates, etc. This is going to be a useful tip for all founders, esp. startpreneurs. However, finally, the founder should be convinced about his/her hiring strategy.
All successful entrepreneurs invested most of their time in smart human resource management. Read these divergent perspectives.
Steve Jobs: “It does not make sense to hire smart people and tell them what to do! We hire smart people so they can tell us what to do. As a leader, you must be open to people who will help you to improve the company instead of only bossing them around to fulfill your vision”
Elon Musk: “One of the worst mistakes that I have made in the past is looking too much at their intellectual capability alone and not on how they affect those around them”
Bill Gates: “There is certain prejudice in industries about the age of the employees. Some industries only prefer young people while some want decades of experience. Bill Gates believed in hiring any age as long as they were good and passionate about their work”
Warren Buffet: “We look for three things when we hire people. We look for intelligence, we look for initiative or energy, and we look for integrity. And if they don’t have the latter, the first two will kill you, because if you are going to get someone without integrity, you want them lazy and dumb”
Azim Premji: Intensity to win, Acting with sensitivity, Unyielding integrity. Premji believed that diversity of business experience will help leaders become more innovative and create leaders who will succeed in the future. ( www.peoplematters.in).
I worked for Wipro and closely observed Premji’s leadership development model. Premji used to rotate all the vertical heads and function heads every 3 to 4 years! I have seen Premji moving few leaders to Non-Customer facing functions even at a time when they were doing extremely great in growing their verticals. Rotation strategy is well applied in Wipro to groom talent and make it a process-dependent organization.
Narayana Murthy: You can see how Murthy managed his team: Nandan Nilekani, the strategist, and rainmaker; Kris Gopalakrishnan, the technologist; SD Shibulal, the delivery specialist; Mohandas Pai, the financial magician (http://bwpeople.businessworld.in/). A successful company is the combo of all!
Ratan Tata: In the History of TCS, we have seen only a few CEOs like F.C. Kohili (a brilliant technocrat, 1974), S Ramadorai (1996), Chandrasekaran (2009), and Rajesh Gopinathan (2017). This shows how Tata believed and trusted in their people at prime.
The current Tata Chairman, Chandrasekaran studied in a Tamil Government school in Mohanur. He did a bachelor's degree in Applied Sciences and a Master of Computer Applications (MCA). He joined as an Intern in TCS and rose to the level of CEO in 2009 and Chairman in 2019. He rose to Chairman level in 10 years’ time!! He did not do any MBA from ivy league institutes, he did not do any bachelor's from IITs or Stanford’s. However, how his simple commitment helped him to rose from intern to the Chairman of a Large Global Organization!!
Dear Friends
After reading these multiple case studies, I am realizing that there is no “One size fits all” hiring model. Every founder’s belief becomes the foundational force for their hiring strategy. At the same time, leadership aspirants should not look for what they don’t have. Every individual possesses certain strengths. It is always good to focus on our individual strengths rather than acquiring alien strengths, keeping the current and future employer’s perspective! Accepting weaknesses is the greatest art and science in leadership theory. It is a stress buster. If God has not gifted your a certain job and talent, it is a blessing. I realized this after many incidents in my life. Do you also agree?
Your Well-wisher
Ravi Saripalle
Join Inspire to Innovate Storytelling Movement (i2itm.blogspot.com)
Source Inspiration:http://dhunt.in/d9URf?s=a&uu=0x5a456b3b6e0d57a8&ss=pd
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