Insight certainty 4/5 debate potential 2/5

Lee: Hiring candidates under economic stress leads to poor employee retention

Hung Lee · Polarizing Talent: Navigating 2023's Landscape · Jul 7, 2023 · at 40:51

Hung Lee warns hiring managers against taking an adversarial posture toward candidates during economic downturns on The a16z Podcast.

0:00 / 0:15exact quote · 16.0s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“And even if you do end up, let's say hiring a few people because they are under economic stress, you're not going to keep those folks because, you know, they joined you for those stressful reasons. You have to hire people that are motivated to work for your business, irrespective of these externalities.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Hung Lee

Opinion
Lee: Brutalizing a Business With Mandates Efficiently Forces Cultural Shifts
“However, It may be the way to cut the Gordian knot is to brutalize the business. I'm not suggesting this is the way forward, but it is clearly a method forward. And you do wonder how many leaders have been quietly inspired by this approach and may in fact be a…”
Hung Lee Jul 7, 2023 ▶ 34:12 Polarizing Talent: Navigating 2023's Landscape
Insight
Remote-First Organizational Structures Inherently Favor Senior Individual Contributors
“If we are absolutely a remote first company, We are probably optimized as an employer for a senior individual contributor that has already achieved a certain degree of material comfort in order to provide for home or working has social security in the sense of…”
Hung Lee Jul 7, 2023 ▶ 22:30 Polarizing Talent: Navigating 2023's Landscape
Assertion Not checkable as stated
Lee: Remote-first companies hold a significant recruiting advantage over non-remote competitors
“We've got multiple data points to suggest that companies that are operating a remote first policy typically have a significant advantage against companies that do not.”
Hung Lee Jul 7, 2023 ▶ 6:50 Polarizing Talent: Navigating 2023's Landscape
Assertion Not publicly verifiable
VMware Cut Time-to-Hire in Half by Switching to Remote Hiring
“VMware, for instance were, did a sort of before and after comparison in terms of their time to hire when it comes down to where they doing on-premise hiring pre pre the big over period, and then they switched to remote hiring and they reduced their time to hir…”
Hung Lee Jul 7, 2023 ▶ 7:19 Polarizing Talent: Navigating 2023's Landscape
Assertion Supported
Lee: Early-career workers prefer in-office work to accelerate learning
“It was very clear that someone who was an early career person, they did not want remote. It wasn't, it was something that, you know, they thought about yes, no, they literally didn't want it. They wanted the office because they wanted the learning. They want t…”
Hung Lee Jul 7, 2023 ▶ 21:21 Polarizing Talent: Navigating 2023's Landscape
Assertion Not checkable as stated
Lee: Pre-COVID remote companies avoided hiring entry-level talent
“A lot of remote companies did not hire early entry talent because of exactly the concept of this person needed to have control of their home work environment, so to speak.”
Hung Lee Jul 7, 2023 ▶ 19:54 Polarizing Talent: Navigating 2023's Landscape
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 1,000 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.