The Top 5 Hiring Biases That Cloud Your Judgment
According to the Small Business Administration, 20% of small businesses fail each year due to the founders hiring based on biases. Learn about the top 5 hiring biases that cloud your judgment and how to avoid them.
Leila Hormozi
CEO of https://t.co/0MQ9gg2JHC
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According to the Small Business Administration—
— Leila Hormozi (@LeilaHormozi) March 3, 2023
20% of small businesses fail each year.
Why?
The founders are hiring based on biases.
Here are the top 5 hiring biases that cloud your judgment
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1. Confirmation Bias
— Leila Hormozi (@LeilaHormozi) March 3, 2023
60% of interviewers will decide about a candidate within the first 15 minutes.
They spend the rest of the interview justifying or confirming their bias.
We tend to assume rather than lead with curiosity. -
If someone is quiet, we assume they're unconfident.
— Leila Hormozi (@LeilaHormozi) March 3, 2023
If their camera isn't on, we assume something's wrong.
If they don't have makeup on, we think they're lazy.
Be curious and ask more questions. -
2. Expectation anchors
— Leila Hormozi (@LeilaHormozi) March 3, 2023
Our brains use one piece of info about a candidate to make a decision.
It's usually based on past hires. -
Ex: Hiring a new marketing manager.
— Leila Hormozi (@LeilaHormozi) March 3, 2023
You're more likely to look for similiar qualities that your last manager had.
If they're not like that, we tend to think they're not a good fit.
So we've become biased by our past experiences. -
3. Halo effect
— Leila Hormozi (@LeilaHormozi) March 3, 2023
We focus heavily on one good thing about a person and ignore the rest.
They might have a fancy degree—
Or experience with a major competitor.
These can overshadow the pitfalls.
And cause you to make a bad hire. -
4. Similarity bias
— Leila Hormozi (@LeilaHormozi) March 3, 2023
We naturally want to be with people like us.
But we end up with homogenous teams.
Same people, similar traits.
No diversity of thinking.
We need different perspectives to grow. -
5. Affinity Bias
— Leila Hormozi (@LeilaHormozi) March 3, 2023
We have a natural inclination towards somebody if we have something in common.
Could be:
- Same college
- Same name
- Same hometown
Those qualities have no effect on performance.
It's one of the biggest mistakes companies make. -
Every time I've made the right hire—
— Leila Hormozi (@LeilaHormozi) March 3, 2023
I've felt incredibly uncomfortable.
They didn't think or act like me.
And that's a good thing.
Don't follow your gut.
Because if you do, you'll end up with a team of you's. -
TLDR: 5 Hiring biases that'll put you out of business
— Leila Hormozi (@LeilaHormozi) March 3, 2023
1. Confirmation bias
2. Expectation anchors
3. Halo effect
4. Similarity bias
5. Affinity bias -
I hope you found the thread valuable.
— Leila Hormozi (@LeilaHormozi) March 3, 2023
What are the top hiring mistakes you've made?
Drop them in the comments below👇