Ashneer Grover Advocates "Hire Fast, Fire Faster" for Better Talent ID

BharatPe founder and ex-Shark Tank India judge, Ashneer Grover, has criticised lengthy hiring processes and notice periods, adopted by most big companies these days, in a recent podcast interview with YouTuber Ishan Sharma.

Grover said the reason is, that companies tend to give individuals enough time to prove themselves, which takes up more than necessary time.

Instead, he recommends a 'hire fast, fire fast' approach.

Detailed Transcript:

“What I have basically understood about hiring, and a lot of people don’t agree with this thought, it’s hire fast, fire fast. What’s happening currently is that you are investing a lot of time in hiring a person, you go through multiple rounds,” Grover shared. 

Grover added, “The candidate is also, naturally, on his best behaviour. When a candidate comes to sell himself or pitch for himself, then the salesman in him is at its peak. At the end of the day, you will get to know whether he will work or not only after you give him his tasks,” 

“Sometimes people are able to sell themselves very well. My realisation is this – we spend 3 months identifying the ideal candidate, then the candidate serves his 2 months of notice period, so we wait for those 2 months. We, at this point, have already invested around 6 months into this role. Once the candidate joins, we want to give him the same amount of time to prove himself. So from 6 months, now it is 1 year.” Grover explained.

“After a year, you realise he is not a good fit. I think the best thing to do is to do local optimisation, you decide you need a candidate in a week-15 days, you get him in fast. Judge him on his work faster. And it is very simple to understand who works and who does not. So, hire fast and fire fast,” Grover elaborated.