Jasz
VIP Contributor
This is a great question, and it depends on the firm. In some cases, employing people of the same family can help to boost employee retention rates; in other cases, it can lead to increased conflict and tension within the workplace. It really depends on your company culture and the familial relationships of those you intend to hire.
Firms that have a culture of openness, transparency, and collaboration often find that hiring people of the same family can be an asset; they may be able to rely on each other more effectively as a result of their shared experience as family members. In these situations, problems or conflicts are usually resolved quickly because both parties have shared values and goals that create a strong foundation for trust.
On the other hand, firms whose cultures are more hierarchical, competitive, or closed-off may see conflicts arise between family members in the workplace. This is because power dynamics between employees can be determined by their relationship with one another as family members; for example, if siblings are competing for a promotion at work, their relationship as peers is suddenly challenged by their relationship as siblings. In this situation, it may become difficult for them to separate professional issues from personal issues when working together, which could cause their work to suffer.
Ultimately, I recommend that you give it a deep thought before making a decision.
Firms that have a culture of openness, transparency, and collaboration often find that hiring people of the same family can be an asset; they may be able to rely on each other more effectively as a result of their shared experience as family members. In these situations, problems or conflicts are usually resolved quickly because both parties have shared values and goals that create a strong foundation for trust.
On the other hand, firms whose cultures are more hierarchical, competitive, or closed-off may see conflicts arise between family members in the workplace. This is because power dynamics between employees can be determined by their relationship with one another as family members; for example, if siblings are competing for a promotion at work, their relationship as peers is suddenly challenged by their relationship as siblings. In this situation, it may become difficult for them to separate professional issues from personal issues when working together, which could cause their work to suffer.
Ultimately, I recommend that you give it a deep thought before making a decision.