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Published on September 25, 2018

Best 10 Interview Questions for Managers to Hire Exceptional Employee

Best 10 Interview Questions for Managers to Hire Exceptional Employee

Hiring is one of the biggest concerns of executives to management level positions. As it should be, hiring people to work for your company can be rewarding or risky.

Poor choices in hiring can take a drastic toll on the success of the business. Not to mention that who you hire has a direct reflection on you as a manager. Whereas great hiring choices can improve the overall cohesiveness of the work environment and boost production.

Establishing an excellent recruiting process starts with getting the right talent through the doors. Today, it’s considered more of an art than science, especially for startups and regardless of the company structure or rubrics.

There is added emphasis on the importance of asking the right questions during interviews. You only have a short amount of time with each potential candidate so you need to maximize your time accordingly. Just how do you do that?

10 best interview questions for managers to hire great employees

There are hundreds of interviews questions but few are recommended by a senior leader in their respected fields.

1. What is something about yourself that others might find surprising?

What better way to get the cognitive juices flowing and set the pace for an interview than to allow the interviewee a chance to think outside of the box?

Rather than opening with an unguided interview question or statement such as, “Tell me a little about yourself” you keep the conversation focused and demand sincerity early on. It’s important to ask unique questions to obtain unique answers.

2. Why did you choose this industry and career?

Instead of asking questions that warrant a one or two sentence response such as Why are you here? Why are you interested in our company? Why are you interested in this job? Where exactly do you see yourself in 5 years? And 10 years? What is your dream job?

This question is designed to allow the interviewee to start to open up and express their professional and personal interests and goals.

As a manager, it’s important to learn more about your prospect’s career goals and how the position fits into their plan. You also want to make sure they are sincerely interested in the job and will be motivated to perform if chosen.

At the same time, this question is the bridge to building a more personal relationship with your candidate early into the hiring process. Based on your criteria, do you need to hire someone who is passionate about their career or someone who just showed up to collect a paycheck and benefits?

You can even learn about their 5 and 10 year-plan from this question and see what positions they hope to reach over the coming years.

3. What do you know about our company, what interests you the most and why do you want to work here?

We should believe that with the convenient access to information online today that most candidates would do their homework, but that’s not always the case. Unfortunately, some job applicants may not even know they type of business the company they applied for engages in.

Ask this interview question and you’ll find out quickly who is sincerely interested in working for you — and who isn’t.

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Skill is something that can be taught but enthusiasm cannot. When a potential employee is genuinely excited about an opportunity, this usually translates into excellent work and greater longevity with your company.

Ask your interviewee about what initially attracted them to the position? What sparked their attention? What makes them most excited about the prospect of working for your company?

Doing so will not only provide yet another confirmation of their grasp of the duties of the role but also gives you a chance to figure out what aspects of the job description interest them the most.

4. From everything you’ve learned about this role, myself and our company, tell me how you feel you’d make a contribution.

This statement lets you see how much research your potential employee has done before arriving to the interview. While most qualified candidates typically will conduct research on the company and the position prior to the interview, a great candidate will take that extra step to be better prepared.

That same mindset will carry over into their working habits. Would you rather have an over-prepared or under-prepared new hire?

5. What would you have liked to do more of in your last position? What held you back?

A great way for a candidate to express their previous job experience and challenges without asking, “What are some challenges?” You control the direction and can easily bypass any challenges unrelated to the matter.

Were they faced with limited responsibilities, not enough job training, or poor leadership? Asking what held that potential employee back from something they wanted more of out of their last position will offer insight on whether they will feel the same way about their job working for your company in the future.

6. Only choosing one or the other, do you work hard or smart?

Similar but very different from the notorious question asked by Burger King’s 36-year-old CEO Daniel Schwartz.[1]

Questions that aren’t posted on job application websites are more likely to warrant an unrehearsed response. By forcing the candidate to think on the spot and choose whether they want to appear as the right fit for the job is a great way to test their critical thinking and constructive criticism capabilities.

In Schwartz’ mind, there is a right and wrong answer for this question. He simply prefers people who work hard.

A tough labor demanding job may warrant the hard-working response whereas a position that demands more organization, scheduling, and many other tasks may require the smart worker response. A smart worker might be able to handle prolonged periods of stress while someone who works too hard for extensive amounts of time could become overwhelmed and crash.

7. How would you further describe your working style and how you are able to handle tight deadlines?

This builds from the last question, while you don’t want to build a team of people who are completely homogenous, it’s important to make sure that new additions are flexible and can work in a way that doesn’t wrench a hole in the way things currently operate.

For that reason, get to know each candidate’s working style. Do they like to collaborate with other members of the team or do they prefer to work independently? Do they require a lot of direction or can they take initiative, using good judgement and complete the task without supervision?

The insight gained from this interview question alone is invaluable for determining the right match for the job and debatably more importantly, for the entire team.

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Another aspect that should be included with this question is the potential employee working style under time constraints, especially for positions that constantly demand a deadline.

Do you need someone who can work well under pressure? More importantly, do you need someone who can manage others or someone who can take orders well while dealing with limited time-frames for projects?

Ask your candidates this question and you will gain their opinion on how well they are able to handle stress as well as the insight on whether they can keep up with the pace at your organization.

Other follow-ups to this question could include asking if:

  • They’ve ever missed a deadline?
  • How they handled missing a deadline?
  • If it’s better to be good and on-time or perfect and late?

8. How do you develop yourself outside of the work environment? And what are some of your hobbies?

Whether it’s personal, professional or leadership development, it comes in all shapes and sizes and can easily be identified in someone’s hobbies, sense of purpose, or their hunger to explore.

The question isn’t the most conventional interview question but it’s always important to remember that you’re hiring a person. Do you want someone who can connect well with you and your team or a robot who is incapable of sharing interests, forming bonds and building relationships?

It is a commonly accepted fact by the business decision-makers that the skill of employees account for 85% of a company’s assets. Therefore, organizations dedicate much of their resources on training and improving the workplace. Employee efficiency and talent determines the pace and growth of the organizations.

You shouldn’t feel uncomfortable asking a question like this, especially if this question is asked later in the interview after you have had the opportunity to learn more about the prospect.

Understanding their personal investment into themselves will allow you to connect on a more personal level while also getting a bigger picture of what makes them “tick.”

9. Why should we hire you?

Many experts agree this is among the best interview questions because you’re asking the candidate to define what sets them apart from everyone else you have interviewed in a competition-intense job market.

If you are ever faced with a pile of resumes or interviewees telling similar stories about themselves this question helps you determine the best candidate.

A study conducted by Altimeter and LinkedIn showed that socially engaged companies are more likely to find that:[2]

Employees are more engaged, more likely to stay and refer great talent, are more competitive and optimistic, and more likely to increase business and sales opportunities, drive greater lead generation, cultivate innovation, and yield top talent.

Another great way to consider the importance of this question is that an interviewee who does well explaining their background, experience, credentials, and hobbies will do the same thing for your company once hired.

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10. Do you have any questions for me?

An excellent question to end the interview with while gaining additional insight on the quality of the potential employee. Last impressions are just as important as first impressions, especially for extensive hiring processes and multiple interviews.

If the candidate was paying attention during the interview, they won’t find this to be a tough question to answer so there’s no logical explanation for a blank stare response.

Substantial answers to this question signal a higher level of preparation and initiative.

Furthermore, those candidates that took notes during the interview and jotted down some questions to ask indicates their level of interest in the company beyond an individual role and shows their interest to the overall relationship within and among the organization.

View interview questions from multiple angles

Research suggests that most hiring decisions are made within 15 seconds.[3] Whether that is enough time to warrant a good decision is debatable by many experts but unless they are poorly dresses or have bad hygiene it is advised to avoid passing any judgements until the interview is at least 50% complete.

The best interview questions will tell you a story about the person behind the resume. These questions are designed to reveal their habits, lifestyle, personality, knowledge, strengths, weaknesses, skills and abilities.

Interview questions should also benefit the job seeker and provide them with a chance to speak on details that don’t fit on one or two sheets of paper.

Today’s savvy interviewer will always include interview questions tailored specifically to the company and position. This list of the 10 best questions works across various industries and job descriptions.

Other important interview questions to consider asking interviewees

In my experience, many hiring processes and interviews don’t ask questions that require enough thought or sincere answers. By asking the right questions during the interview you set the pace and demand more than the ordinary well-rehearsed answer.

Among the 10 best questions that help managers hire great employees are questions that are more directly associated with the specific needs to certain companies or job descriptions.

You might want to include questions such as:

Why are they leaving their current job? What is the candidate’s ideal work environment? Does the candidate work best alone or on a team?

Then, of course, there are other questions that are more suitable for certain instances, such as:

  • Will your candidate need to relocate if they are chosen for the position?
  • Are they open to traveling if required?
  • Can they work long hours, overtime, holidays and weekends?

These questions can also build from the 10 questions and can also be formatted in such as way that appears organic as opposed to rehearsed.

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The companies with the highest success employ the right talent quite often. In hiring the right talent, successful employers like to pinpoint specific questions that make it clear whether or not the candidate would be an ideal fit.

The best interview questions should make even the hiring manager think.

Interview questions should be challenging and should be harder for interviewees to prepare for. These questions are designed to reveal the most the most about your candidate and in the shortest amount of time.

I have often asked managers from different walks of life about their “go to” interview questions and why they are so important. Of the hundred or so questions I’ve found a common theme.

Here’s what I picked up:

  • Most avoid easy-to-practice questions.
  • Most avoid asking the same questions that were asked during the job application.
  • Most ask questions that are open for two-way input and response so that interviews are conversations rather than interrogations. This is neat because it allows you more opportunity to excite the candidate about the job they are applying for.

While the job seeker is on the nerve-wracking end of the table, job interviews can inspire some level of anxiety in managers as well. Asking the right questions with allow you to really hone in on the best candidate for the opening.

Common interview questions to avoid asking qualified candidates

One last thing to keep in mind. In the same manner, it’s important to ask the right questions, avoid interrogating candidates and instead you should get them excited about the job! This carries the same importance as to why you should avoid common interview questions that some candidates might even repulse.

For example:

  • Describe yourself.
  • What are your greatest strengths? Weaknesses?
  • Why do you want to leave your current company?
  • Tell me about a time you made a mistake.
  • Discuss your resume.
  • Discuss your educational background.
  • Tell me how you handled a difficult situation.
  • Why are you looking for a new job?
  • What are your salary requirements?
  • Who are our competitors?
  • What was your biggest failure? Regret?
  • What motivates you?
  • What is your availability?
  • Tell me about a time when you disagreed with your boss.
  • How do you handle pressure?
  • What is the name of our CEO?
  • What are your career goals?
  • What are your hobbies?
  • What makes you uncomfortable?
  • What questions have I not asked you?

These common questions should be reworded. If not avoided, they should be asked in the context of a conversation instead of the focus of the interview. The interviewer can practice and rehearse while not seeming as if that were the case.

It’s not so much that they are bad questions, the same insight can be gained using our 10 questions or again, by asking them in addition to and in the context of the 10 questions.

While there are plenty of tips for interviewers you’ll want to keep these tips in your repertoire to get the most information out of that short conversation.

Remember these 10 interview questions to ask, and you’re much more likely to hire the best people for the job.

Featured photo credit: rawpixel via unsplash.com

Reference

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D'Vaughn Bell

Executive consultant, Philanthropist, Entrepreneur

Transform Your Attitude for Success with These 16 Killer Techniques Best 10 Interview Questions for Managers to Hire Exceptional Employee

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Last Updated on August 20, 2019

How to Set Financial Goals and Actually Meet Them

How to Set Financial Goals and Actually Meet Them

Finances can push anyone to the point of extreme anxiety and worry. Easier said than done, planning finances is not an egg meant for everyone’s basket. And that’s why most of us are often living pay check to pay check. But did anyone tell you that it is actually not a tough task to meet your financial goals?

In this article, we will explore ways on how to set financial goals and then actually meet them with ease.

5 Steps to Set Financial Goals

Though setting financial goals might seem to be a daunting task but if one has the will and clarity of thought, it is rather easy. Try using these steps:

1. Be Clear About the Objectives

Any goal (let alone financial) without a clear objective is nothing more than a pipe dream. And this couldn’t be more true for financial matters.

It is often said that savings is nothing but deferred consumption. Therefore if you are saving today, then you should be crystal clear about what it is for. It could be anything like kid’s education, retirement, marriage, that dream vacation, fancy car etc.

Once the objective is clear, put a monetary value to that objective and the time frame. The important point at this step of goal setting is to list all the objectives, however small they may be, that you foresee in the future and put a value to it.

2. Keep Them Realistic

It’s good to be an optimistic person but being a pollyanna is not desirable. Similarly, while it might be a good thing to keep your financial goals a bit aggressive, going out of the line will definitely hurt your chances of achieving them.

It’s important that you keep your goals realistic in nature for it will help you stay the course and keep you motivated throughout the journey.

3. Account for Inflation

Ronald Reagan once said – “Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hitman”. And this quote sums up the best what inflation could do your financial goals.

Therefore account for inflation whenever you are putting a monetary value to a financial objective that is far away in the future.

For example, if one of your financial goal is your son’s college education, which is 15 years hence, then inflation would increase the monetary burden by more than 50% if inflation is mere 3%. So always account for inflation.

4. Short Term vs Long Term

Just like every calorie is not the same, the approach towards achieving every financial goal will not be the same. It is important to bifurcate goals in short term and long term.

As a rule of thumb, any financial goal, which is due in next 3 years should be termed as short term goal. Any longer duration goals are to be classified as long term goals. This bifurcation of goals into short term vs long term will help in choosing the right investment instrument to achieve them.

More on this later when we talk about how to achieve financial goals.

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5. To Each to His Own

The journey of setting financial goals is an individualistic affair i.e. your goals are your own goals and are determined by your want to achieve them. A lot of times we get on the bandwagon of goal setting only to realize later on that it was not meant for us.

It is important that your goals are actually your goals and not inspired by someone else. Take a hard look at this step at all the goals you’ve set for after this step, you will be on the way to achieve them.

By now, you would be ready with your financial goals, now it’s time to go all out and achieve them.

11 Ways to Achieve Your Financial Goals

Whenever we talk about chasing any financial goal, it is usually a 2 step process –

  • Ensuring healthy savings
  • Making smart investments

You will need to save enough; and invest those savings wisely so that they grow over a period of time to help you achieve goals. So let’s get down to ensuring healthy savings.

Ensuring Healthy Savings

Self realization is the best form of realisation and unless you decide what your current financial position is, you aren’t heading anywhere.

This is the focal point from where you start your journey of achieving financial goals.

1. Track Expenses

The first and the foremost thing to be done is to track your monthly expenses. Use any of the expense tracking mobile apps to record your expenses. Once you start doing it diligently, you would be surprised to see how small expenses add up to a sizeable amount.

Also categorize those expenses into different bucket so that you know which bucket is eating the most of your pay check. This record keeping will pave the way for cutting down on un-wanted expenses and pump up your savings rate.

2. Pay Yourself First

Generally, savings come after all the expenses have been taken care of. This is a classical mistake which almost everyone of us do. We pay ourselves last!

Ideally, this should be planned upside down. We should be paying ourselves first and then to the world i.e. we should be taking out the planned saving amount first and then manage all the expenses from the rest.

The best way to actually implement is to put the savings on automatic mode i.e. money flowing automatically into different financial instruments (for example – mutual funds, retirement corpus etc) every month.

Taking the automatic route will make us lose control of our money and hence will compel us to manage in what’s left with us thereby increasing the savings rate.

3. Make a Plan and Vow to Stick with It

Budgeting is the best to get around the uncertainty that financial plans always pose. Decide in advance how spending has to be made.

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Nowadays, several money management apps and wallets can help you do this automatically. It’s easy and who knows, you may just end up doing what people fail to do.

At first, you may not be able to stick to your plans completely but don’t let that become a reason why you stop budgeting entirely.

Make use of technology solutions you like. Explore options and alternatives that let you make use of the available wallet options and choose the one that suits you the most. In time, you will get accustomed to making use of these solutions.

You will find that they make it simpler for you to follow your plan, which would have been difficult otherwise.

4. Rise Again Even If You Fall

Let’s be realistic. It’s not like the world will come to an end if you made one mistake. This isn’t called leniency but discipline.

If you fail to meet your budget for a month, don’t give up the entire effort just like that. Instead, start again.

Remember that flexible plans are the most realistic plans. So go forward and try to follow your financial goals as planned but if for some reason, the plan gets out of hand for you, do not give up on it just yet. This has a lot to do with your psychology rather than any material commitment.

All you have to do is to stay on the road and vow to stay on it, no matter how much you fall down.

5. Make Savings a Habit and Not a Goal

In the book Nudge, authors Richard Thaler and Cass Sunstein advocate that in order to achieve any goal, it should be broken down into habits since habits are more intuitive for people to adapt to.

Make Savings a habit rather than a goal. While it might seem to be counter intuitive to many but there are some deft ways of doing it. For example:

Always eat out (if at all) during weekdays rather than weekends. Usually weekends are expensive. Make it a habit and you would in turn be saving a great deal.

If you are travelling buff, try to travel during off season. Your outlay will be much less.

If you go out for shopping, always look out for coupons and see where can you get the best deal.

So the key point is to imbibe the action that results in savings rather than on the savings itself, which is the outcome. Focusing on the outcome will bring out the feeling of sacrifice which will be harder to sustain over a period of time.

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6. Talk About It

Sticking to the saving schedule (to achieve financial goals) is not an easy journey. There will be many distractions from those who are not aligned with your mission. And it would be rather easy to lose the grip over your discipline.

Therefore in order to stay the course, it is advisable that you keep yourself surrounded with people who are also on the same bandwagon. Daily discussions with them will keep you motivated to move forward.

7. Maintain a Journal

For some people, writing helps a great deal in making sure that they achieve what they plan.

So if you are one of them, maintain a proper journal, where you write down your goals and also jot down the extent to which you managed to meet them. This will help you in reviewing how far you have come and which goals you have met.

Use this journal to write down all essential points such as your short term, mid term and long term goals, your current sources of income, your regular expenses which you are aware of and any committed expenses which are of recurring nature.

When you have a written commitment on paper, you are going to feel more energised to follow the plan and stick to it. Moreover, it is going to be a lot more easier for you to follow you and track your progress.

At this point, you should be ready with your financial goals and would be doing brilliantly with savings; now it’s time to talk about the big daddy – Investments.

Making Smart Investments

Savings by themselves don’t take anyone too far. However savings when invested wisely can do wonders and we are at that stage where we will talk about making smart investments.

8. Consult a Financial Advisor

Investments doesn’t come naturally to most of us therefore rather than dabbling with it ourselves, it is wise to consult a financial advisor.

Talk to him/her about your financial goals and savings and then seek advice for the best investment instruments to achieve your goals.

9. Choose Your Investment Instrument Wisely

Though your financial advisor will suggest the best investment instruments, it doesn’t hurt to know a bit about them.

Just like “no one is born a criminal”, no investment instrument is bad or good. It is the application of that instrument that makes all the difference.

Do you remember we talked about bifurcating financial goals in short term and long term?

It is here where that classification will help.

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So as a general rule, for all your short term financial goals, choose an investment instrument that has debt nature for example fixed deposits, debt mutual funds etc. The reason for going for debt instruments is that chances of capital loss is less as compared to equity instruments.

10. Compounding Is the Eighth Wonder

Einstein once remarked about compounding,

Compound Interest is the eighth wonder of the world. He who understands it, earns it… He who doesn’t… Pays it.

So make friends with this wonder kid. And sooner you become friends with it, quicker you will reach closer to your financial goals.

Start investing early so that time is on your side to help you bear the fruits of compounding.

11. Measure, Measure, Measure

All of us do good when it comes to earning more per month but fail miserably when it comes to measuring the investments; taking stock of how our investments are doing.

If there is one single step where everything (so far) can go wrong, it is at this step – Measuring the Progress.

If we don’t measure the progress timely, then we would be shooting in the dark. We wouldn’t know if our saving rate is appropriate or not; whether financial advisor is doing a decent job; whether we are moving closer to our target or not.

Do measure everything. If you can’t measure it all yourself, ask your financial advisor to do it for you. But do it!

The Bottom Line

This completes the list of tips for you to set financial goals and actually achieve them with not so great difficulty.

As you can see, all it requires is discipline. But guess that’s the most difficult part!

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Featured photo credit: rawpixel via unsplash.com

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