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Each hiring decision you make will impact your company. Ideally, you want to find the right candidate for the job – you want someone with the right skill set, and the right level of experience. But this doesn’t always work out in reality.
It’s common for companies to identify a number of good candidates, but they are overqualified for the position. Some are dead set against hiring overqualified candidates, and others have no issue.
Here we take a look at the risks and rewards of hiring overqualified candidates:
There are risks associated with hiring overqualified candidates. Some see the role as a temporary solution or have ulterior career motivations. Here are some of the risks of hiring an overqualified candidate:
Avoid hiring a candidate just because they have experience. Would they be a good candidate if their experience level was different?
Hiring an overqualified candidate can be advantageous for many reasons:
Should you hire an overqualified candidate? Maybe. It depends on whether or not you expect to move them up to a more senior role in the future, if they seem like a good fit for your team, and if you can benefit from hiring them. Remember, experience isn’t everything. So, hiring an overqualified candidate over someone with less experience is not always the best decision.
Is your company hiring? Check out these great blog posts by our expert recruiters. They are packed with tips and advice:
IQ PARTNERS is an Executive Search & Recruitment firm supporting clients across the country. We help companies hire better, hire less & retain more. We have specialist teams of recruiters in Technology (IT), Accounting and Finance, Consumer Goods, eCommerce and Retail, Financial Services and Insurance, Startup, B2B and Industrial, Operations and HR, Professional Services and Legal, Media, Digital and Marketing, Pharmaceutical and Life Sciences, Emerging Technology and Telecom, and Sales. IQ PARTNERS has its head office in Toronto and operates internationally via Aravati Global Search Network. Click here to view current job openings and to register with us.
Brandon is Senior Director, Client Services with IQ PARTNERS, focusing on recruiting top talent within the Financial Services and Insurance, Startups, and Emerging Technology industries.