3 Most Important Criteria When Hiring

Capabilities: Of course, any prospective employee must have the ability and qualifications to do the job you are hiring that person to do. Being nice or helping a friend of a friend will do you no good in this department. This should go beyond Ivy League college degrees. What hands-on, actual experience does this person have? What has this person been educated and trained to do? And since every organization is different, you need to consider the learning curve that is involved.

Value: You also need to look at what value the individual brings to the organization. There are two ways of doing this. First, what is the salary or investment you are willing to make into this person? Are you getting the most expertise for your dollar? Bringing someone aboard at a fair salary is crucial. If you are trying to get someone on the cheap just because he or she is looking for a job, that person will end up leaving as soon as a better offer comes along. Pay people what their jobs are worth.
Also, look at their future potential and network. Do they have expertise in other areas where your company is looking to grow? Do they have an impressive network of individuals and contacts you can tap into in the future? All of these factors play into the value equation and go well beyond current salary.

Cultural Fit: Finally, there needs to be a cultural fit. This has become even more important these days. A disruptive employee can cause tremendous damage both to morale inside the organization and to customer relationships. The culture you establish will dictate who will fit in and thrive. If you allow your employees to wear jeans and t-shirts to the office and one guy shows up in a suit and tie every day, he could end up causing friction. If you foster teamwork and collaboration and your candidate is more of a lone wolf who likes to work on his own, there could be friction.
People spend a lot of hours in their work environment. If that environment is threatening or uncomfortable, you will lose good employees. You can find out a lot about a person through the interview process and through their social channels.