Human resources, the only active resource that any enterprise commands and the major source of the organizations knowledge repository plays a critical role in the success of any firm. Very often the success of the organization is directly proportional to successful forex trader interview quality of the human resource the organization commands. Unlike most other recruitment techniques, in an interview, the interviewer gets to interact with the candidate directly, ask questions and follow-up on answers in real-time, obtain verbal and visual cues, and get instant feedback from the candidate. Interviewing Potential Employees: Which Method Works Best?

The success of the interview process depends on knowing what type of questions to ask, and this depends largely on the type of interview adopted. There are many types of interviews: telephone interviews, impromptu interviews, one-on-one interviews, panel interviews, structured interviews, situational interviews, stress interviews, and more. The interviewer may ask open-ended or closed-ended questions. The best approach depends on the situation. Small organizations usually conduct only a single interview. Large organizations, however, have screening interviews to shortlist candidates, and follow-up interviews to select candidates.

Stress interviews are a double-edged sword. The purpose is to place the candidate in a situation similar to which they would encounter at work, and see how they fare. When done right, it reveals the true picture of how a candidate fares when the going gets tough, but on the other hand, a candidate expecting the same can fake it. There is also the ethical issue to ponder. Job fairs are a good source for finding candidates, especially at the entry-level. Make sure to arrange for such interviews, and remain prepared to conduct the same when a suitable candidate walks in.