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EP230: Hire-Train-Retain: The Science Behind Building a Winning Team with Mike Matalone

⏱️ 50:47 🎀 Brad Huebner, Mike Matalone
AUDIO EPISODE
EP230: Hire-Train-Retain: The Science Behind Building a Winning Team with Mike Matalone
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Chapters

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  • 0:00
    Introduction to Talent Science
    Host Brad Huebner introduces Mike Matalone and the topic of hiring and talent management in the contracting industry.
  • 0:34
    Vistage Insights & XP3 Origin
    Mike explains his background as a Vistage chair and how recognizing 'people problems' in businesses led him to create the XP3 Talent system.
  • 1:24
    Behavioral Science & Assessments
    Mike delves into the application of behavioral science and psychometric assessments in hiring, emphasizing proper usage for understanding intrinsic motivation.
  • 2:09
    Employee Engagement Formula
    The discussion focuses on the 'success formula' for employee engagement, connecting psychological ties to mission, vision, values, and job alignment.
  • 3:43
    Common Contractor Hiring Mistakes
    Mike addresses common contractor mindsets, such as 'no good help out there,' and advocates for a shift to a 'training and coaching company' approach.
  • 5:05
    Systematic Hiring vs. Hope
    The conversation highlights the importance of having a system and process for hiring and training, rather than relying on a 'hope strategy' for employee success.
  • 6:06
    Two-Sided Hiring & Working Interviews
    Mike introduces the concept of two-sided hiring, focusing on what's in it for the candidate, and the effectiveness of working interviews for assessing fit and capability.
  • 7:56
    XP3 Talent System Overview
    Mike describes the XP3 Talent system and its suitability for businesses with 10-100 employees, guaranteeing measurable results in 90 days.
  • 8:29
    New Book: Hire, Train, Retain
    Mike announces the launch of his new book, 'Hire, Train, Retain: The Science Behind Building a Winning Team' (second edition), designed as a training manual.
  • 9:20
    Recommended Books & Conclusion
    Mike recommends 'Beyond the Hammer' by Brian Gotlib and 'Build a Business, Not a Job' by David Finkle, before wrapping up the episode.

Speakers

B
Brad Huebner
Host
M
Mike Matalone
XP3 Talent

Key Takeaways

✦

Recognize that most business challenges, regardless of their surface appearance (marketing, sales, finance), often stem from underlying 'people problems.'

✦

Shift your mindset from merely being a contractor to operating as a 'training and coaching company' to effectively develop and retain talent.

✦

Implement a systematic approach for hiring, onboarding, and ongoing employee development, rather than relying on a 'hope strategy' for success.

✦

Utilize behavioral science and psychometric assessments to understand a candidate's intrinsic motivations and align them with job requirements, rather than solely focusing on skills.

✦

Prioritize creating employee engagement by fostering a psychological connection to your company's mission, vision, values, and the actual work they do.

✦

Adopt a 'two-sided' hiring approach, clearly articulating what's in it for potential employees, and consider 'working interviews' to assess both capability and willingness for a role.

✦

Invest in continuous learning and resources, such as Mike Matalone's book 'Hire, Train, Retain,' to enhance your understanding and implementation of effective talent management strategies.

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