Developing People

Developing In-House People Versus Recruiting Externally

At Ancora, we believe in the importance of investing in the growth and development of existing loyal employees with potential. It is hard to grow with a healthy and positive culture if you are not creating career paths for your talented people.

So our advice is always ‘consider them first, for internal promotions, before looking outside’.

We genuinely believe that people can go a long-way, if we believe, value and invest on them!

‘What do you see as the advantages of ‘growing in-house’ versus recruiting externally?’

If they have potential…

You know their strengths, weakness and can invest / help them address the weaknesses.
Normally you have their loyalty – never underestimate the importance of that.
We appreciate that sometimes external recruitment (versus internal promotion) is the best alternative, particularly when founders are seeking complementarity of experience in the business, seniority, or the opening of doors to external contacts. A mixed approach is normally best.

‘How do you go about investing in people?’

Get it right from the beginning – recruit people with potential.
Give them honest constructive feedback at all times and support them / help them address any short-comings – invest in their growth and development.
Run assessments – understand and discuss their strengths / weaknesses.
Think about best role to suit their strengths.
Provide them with opportunities for growth and support them to achieve.
Send them to training, hire them a coach/mentor, invest in them, believe they can succeed and help them to.

‘What lessons have you learnt with regards to recruiting leaders for SME's?’

For any position … be clear about what you are looking for and stick to it.
Never under-estimate the importance of a clear job description and person spec.
Never under-estimated the potential of people you already have on your team.
Make sure your selection process is against a
clear person spec.
Involve others (who are different to you and will add diversity) to short-list and interview with you.

At Ancora we have helped our SME clients think through their organisational design and structure, and recruit hundreds of professionals to play key role in their businesses.

If you would like to work with us, or, if you simply want to discuss your company structure as you grow, or a specific vacancy you may have, we’d love to hear from you…

Marcia's Story

How her health consultancy used alliances to accelerate their growth to £20m in 7 years.

Developing In-House People Versus Recruiting Externally

‘What do you see as the advantages of ‘growing in-house’ versus recruiting externally?’

‘How do you go about investing in people?’

‘What lessons have you learnt with regards to recruiting leaders for SME's?’

Marcia's Story

When to Start a Board?

What is Coaching?

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