For the average company in the United States, the cost of hiring a new employee is around $4,000. The time spent securing the hire is more than seven weeks. The costs don’t stop there, yet businesses decide it’s money well spent if it results in a good hire. People matter to businesses.
The more competitive the industry, the more business-critical it becomes to secure top-notch talent. As a person with years of experience working in the IT sector (Hydra Group Eood), Roberto Maggio could testify to that. He’d probably add that when it comes to standing apart from the competition, it’s the team that counts.
The Two Components to Success
For Maggio, it’s clear that the team is the beginning and the end of what makes some businesses stand out. His business philosophy, backed up by years of hands-on experience, is that it’s the team and the product that set businesses apart from the competition.
Even with the two components, it all boils down to the quality of the team, as they’re the ones responsible for the product. When a business has a product that’s better than anything the competition has to offer, it can also afford to charge more for it and make sure the team stays happy and productive.
Finding the Right Kind of People
These kinds of teams don’t come together overnight and without some serious effort put into building them. There is a reason hiring new employees costs as much as it does; it’s an investment that businesses need to make if they want to grow.
For Roberto Maggio, it starts with finding the candidates that fit a certain profile. “A potential new hire needs to have the technical or managerial capacity as needed for the role they will perform,” says Maggio. “I also look for hunger to grow, self-motivation, and self-organization.”
Giving the Team What It Needs
Even the best talent out there won’t become a solid team and create great products without the proper conditions and incentives. A business might find thousands of good candidates and still squander their potential with a lack of team-building effort or poor managerial practices.
Maggio’s approach combines elements of hands-on management and a laissez-faire attitude. He’ll do his best to make sure his team members have everything they need to do their job. He’ll make sure they feel as if they’re a part of the project and not just employees. Then, however, he’ll leave them to achieve the goals on their own.
The results of this kind of approach are visible from the success of Maggio’s businesses. His clients and customers are happy, which means they like the product. They like the product because the people who have made it—the team—made a good product, and they were happy to make it. That’s worthy of all the investments necessary to create a good team.
It’s also possible to take a different approach to teamwork and collaboration. Maggio is a professional photographer whose newest project, Other Places, is made from the photos Roberto Maggio took on his travels during the COVID-19 pandemic, as well as photos people were able to submit using the hashtag #otherplacesnet. While this type of work is set apart from anything he’s done in his business life, it’s still true to his philosophy that the people who come together to create something leave a large imprint on the final product, even if the product in question is a photography book.