WHAT HIRING AND POKER HAVE IN COMMONHiring a new employee can be a lot like poker— there’s a certain amount of gambling involved. While a good online job interview software can help you call candidates’ bluffs, there are still a few things to bear in mind when hiring new people.

Can you afford the cost?
Maybe you’ve got the payroll and everything else in your budget… but are you prepared to deal with things if they go south? According to Reuters, "by some estimates a bad employee with a yearly salary of $62,000 can cost a company around $600,000 over a two-year period.”

If coaching and remediation can’t turn an employee around quickly, it’s best to fold early so that the individual can find a workplace where they fit in better and can build their career.

Have patience
Sometimes it can take quite a while to find someone who fits the bill of what you’re looking for. While a digital interviewing platform like HireVue can help speed up the process, don’t get frustrated if your first (or even your fifth, or tenth) interview isn’t the person you’re looking for.

However, if you’re going through candidate after candidate and nobody fits the bill for what you’re looking for, it may be time to reexamine your expectations.

Go all in
Much like a pocket ace, a good employee is almost always worth a big bet. Do whatever you can to get the individual on board and engaged in your company: as Mike Caro (a professional poker player, author, and casino exec) once said, "Aces are larger than life and greater than mountains.”

Pocket aces and great employees are rare— but when you get them, they can make all the difference.

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