Ashneer Grover: What I have understood about hiring, but a lot of people don’t agree with this, is ...

Ashneer Grover, founder of BharatPe and ex-Shark Tank judge recently sat for a podcast interview with YouTuber Ishan Sharma. During the interview, Grover shared his thoughts about the hiring process stating that he does not believe in lengthy hiring process and notice periods. He said that he believes in ‘hire fast, fire fast’ rule.

When asked about how he hires and manages people, Grover said that he has personally not experienced 100% success in hiring the right candidate.
“What I have basically understood about hiring, and a lot of people don’t agree with this thought, it’s hire fast, fire fast,” he said in the podcast.
Explaining further, he added “What’s happening currently is that you are investing a lot of time in hiring a person, you go through multiple rounds. The candidate is also, naturally, at 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.”
“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 said in the podcast.