5 tips for new hiring managers

Successful recruiting is often a game of experience. That’s why the best hiring managers are usually the ones with years of industry practice under their belts. But even the most experienced hiring managers had to start somewhere. And the good news for you? You can learn from their mistakes.

Rather than throwing yourself into the recruiting industry with a sink or swim mentality, you should do all you can to learn from finance recruiting leaders. Since they’ve been in your shoes before, they know the steps for moving forward and equipping recruiters with the skills they need to achieve success.

Here are five tips that experienced recruiters give to new hiring managers:

1. Stay positive 
Few professions come with as many ups and downs as recruiting. One day you’re filling wealth management jobs with top talent, the next you’re facing a stack of undistinguished candidates without any qualified people in sight. Don’t let it get you down. Every hiring manger has a bad week now and again. Tenacious optimism is key. Keep working hard and your efforts will pay off.

2. Always be learning
Don’t ever turn your brain off when it comes to learning more about recruiting. Soak in everything you can. Read blogs and books, attend industry conventions and pursue new training opportunities. Curiosity and the desire to constantly improve are essential to becoming a great hiring manager. Your reputation and future success are predicated on your proficiency at remaining at a high level amidst a sea of competition. You can’t afford to get complacent.

3. Data is your friend
Where would recruiters be without numbers? Keeping precise records of things like the amount of candidates you initiate contact with each week and the number of interviews you conduct is a foundation for accomplishment. It allows you to see which strategies work and which don’t over time. Using candidate relationship management systems like OneWire can take a load of stress off your shoulders and allow you to track all your interactions with candidates over time.

“You’ll have to broaden your horizons and be open to using a variety of tools.”

4. Expand your tool horizons
As critical as data is to your recruiting success, numbers alone won’t make you effective. There is no end-all, be-all device that recruiters can turn to every time. For example, it’s common for recruiters to get stuck using LinkedIn or job aggregator sites to source candidates. You’ll have to broaden your horizons and be open to using a variety of tools. It will not only make you better at your job, but ensure you’re aware of the newest recruiting technologies available.

5. Admit to mistakes
Mistakes are inevitable in life. That goes doubly so in this career path – and that’s OK. To err is human, as the expression goes. Forgive yourself for any stumbles and learn from them. Every mistake is just an opportunity to grow as a hiring manager. As long as you own up to them and make an effort to not repeat, you’re on your way to success.


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