Andrew Cohan, founder of Halmos Capital, emphasizes the importance of thorough reference checks in hiring, often spending an hour on the phone with each reference. In light of an unprecedented hiring slowdown—with fewer job postings filled in 2024 than in previous years due to economic uncertainties—Cohan advocates for quality over quantity in candidate evaluation. With the US hiring rate at a near low, he highlights the significance of strong references and preparation for candidates seeking employment, understanding that the right hires can greatly enhance team value and ease.
Hiring processes can stretch across several months, with dozens of candidates considered before one gets the offer, emphasizing the importance of careful reference checks.
Cohan believes there are 'good references and great references,' which highlights the need for candidates to prepare their references effectively.
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