Tending your garden
You have a problem and need a solution fast. So, when you can prioritise efficiency and cost-effectiveness in your hiring processes it seems like the right thing to do because you’ve found “a solution”. However, when it comes to hiring for high-responsibility and accountability positions such as placing a trusted advisor around your principal, it is crucial to prioritise competence and training over cost savings, you should know by now there are no re-runs with this job and the first time you make a mistake is often the last time either within that company or with that individual.
Case studies have shown the dangers of undertrained people working in high-responsibility and accountability positions. For example, a Harvard Business Review article highlights a case where an undertrained financial analyst caused a bank to lose millions of dollars due to incorrect calculations. The article emphasises that “while the financial cost of a bad hire can be significant, the damage to a company’s reputation can be even greater.” This case translates directly into human value and the risk to people when poorly trained or inexperienced individuals are granted the burden of responsibility.
When it comes to the safety and security of high-net-worth individuals and their families, there is no room for error or compromise. It is essential to have highly trained experts in their fields complete the work to guarantee the best protection possible.
The upside for due diligence in the hiring process whether with a surge workforce or a permanent employee is that highly trained and experienced professionals can cater to bespoke needs and execute operations with precision and discretion. A highly trained agent can adapt to the specific needs of their client based on their real-world lived experiences thus removing the element of risk where another individual might just be in the habit of MSU. Whether that be as travel arrangements, logistics, or medical response. These experts can reduce potential threats before they even occur, ultimately saving time and money in the long run.
Also, highly trained professionals can provide certainty to clients by ensuring their safety and well-being. The value of this cannot be overstated, especially for high-net-worth individuals and families who may face unique security challenges.
Ultimately, the cost of hiring highly trained professionals may seem higher in the short term, but the long-term benefits and cost savings outweigh the initial investment. With the safety and security of high-profile individuals and their families, the risks of skipping over important details are simply too great.
“For the best return on your money, pour your purse into your head.” — Benjamin Franklin
Or put it this way, prioritising competence and training over cost savings is crucial with hiring for high-responsibility and accountability positions such as executive protection. The risks of compromising the integrity of the principal or even putting their lives at risk are simply too great to overlook. By investing in highly trained and experienced professionals, companies can ensure the safety and well-being of their clients, while ultimately saving time and money in the long run.
Fernández-Aráoz, C. (2014). Hiring for attitude. Harvard Business Review, 92(4), 10-11.
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