The Facebook Approach to Hiring

facebook

The Facebook Approach to Hiring

When you’re looking for someone to do some kind of service for you, whether it’s building a house, repairing a car, filing your taxes, or even fixing a broken a pipe, in most cases you look for someone who has experience. So how important is the experience? In many situations, as in business for example, it’s extremely important. In fact, in the business world, most people are always looking for experience in both the other companies they work with and in whom they hire. Surely experience does matter – in some situations more than others – but it might not always be as important as some make it.

You Have to Earn Experience

The funny thing about the experience, however, is there is only one way to get it. No one is born with experience; so everyone has to start somewhere. It’s unfortunate, but many people who would otherwise do a wonderful job if given the opportunity are never even considered for a position simply because they don’t have the requisite years of experience doing the desired tasks. Every company has its own policies and practices for hiring, and while many stick to rigid experience requirements, other companies have taken a different approach. For example, Facebook founder and CEO Mark Zuckerberg explained his company’s approach to hiring during a recent interview.

Focus on Talent

“I started the company when I was 19, so I can’t institutionally believe that experience is that important, right, or else I would have a hard time reckoning selling myself and the company,” Mark explained that Facebook is really focused on hiring and investing in good people who are really talented no matter how much experience they might have, or lack. In fact, if they are the right person for the job it doesn’t matter if they haven’t even done that thing before. Mark said that rule of thumb applies to everyone they hire, both “people who are fresh out of university, as well as people like the CFO, who took the company public, [but], had not taken a company public before.”

Give Them New Opportunities to Grow

When asked how he and others at Facebook assess someone’s raw talent, he said, “I think what’s important is not to believe that someone has to have specifically done the job that they’re going to do in order to be able to do it well.” He also explained that one of the things Facebook has done well is to give people at the company plenty of opportunities to grow and succeed. And one of the things he’s most proud of is the fact that Facebook has about 12 different product groups and all but one of them is run by someone that did not join the company running a product group or reporting to him. “Literally none of them started off reporting to me. They all started off in different roles…and they’ve all grown. I think what happens is people see that you create opportunities for people, and that also, I think, keeps the best people engaged and makes the best people want to come to work at your company.”

 

We hope you found this article about “The Facebook Approach to Hiring” helpful.  If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page  or our website at www.GROCO.com.  Unfortunately, we no longer give advice to other tax professionals gratis.

To receive our free newsletter, contact us here.

Subscribe to our YouTube Channel for more updates.

Alan Olsen, CPA

Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com.  GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.

Alan L. Olsen, CPA, Wikipedia Bio

 

 

GROCO.com is a proud sponsor of The American Dreams Show.

 

American-Dreams-Show-Accounting-firm-in-ca-cpa-tax-advisors-groco-alan-olsen

The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.

Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.

The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.

They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..

American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included:

Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work…

Untitled_Artwork copy 4

MyPaths.com (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness.  It’s mission statement:

In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges.

Our mission at MyPaths.com is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.

Posted in
Rent Vs. Buy Your First Home

Rent Vs. Buy Your First Home

Rent vs. Buy Your First Home Should you rent or should you buy your home? It takes more than looking at your mortgage payment to answer this question. This calculator helps you weed through the fees, taxes, and monthly payments to help you make a good financial decision. Click the “View Report” button for a…

IRS

IRS Announces 2015 Standard Mileage Rates

IRS Announces 2015 Standard Mileage Rates By Alan Olsen, CPA, MBA (tax) Managing Partner Greenstein Rogoff Olsen & Co. LLP Although most people typically use their vehicles to commute back and forth to work, there are many individuals that are required to use their personal vehicles as part of their job. Did you know that…

How to Use Three Bootstrap Financing Techniques to Get Your New Business Up and Running Now!

How to Use Three Bootstrap Financing Techniques to Get Your New Business Up and Running Now!

How to Use Three Bootstrap Financing Techniques to Get Your New Business Up and Running Now! It’s a well known fact that Uncle Sam reserves a portion of your paycheck every pay period. However, there is good news! Listed below are seven types of your income that are generally excluded from U.S. federal income taxation:…

small business

Established Small Businesses Need to Have a Succession Plan

Established Small Businesses Need to Have a Succession Plan There are millions of companies in the United States, both big and small, and every size in between. Many of these businesses – somewhere in the neighborhood of about four million – are owned by baby boomers. Baby boomers have been an integral part of our…