The True Cost Of A Bad Hire

More than 2/3 (68%) of American businesses say they made hiring mistakes in 2011 that they wish they could take back.*

-41% of companies said it cost them anywhere from $25,000-$50,000.*

But choosing the wrong employee can cost companies more than just money…..

When you add the wrong person to your staff you can cause employees to lose team spirit, cause a loss in productivity resulting in fewer sales and sometimes can even end in a legal issue. 

Do you know the #1 reason companies hire the wrong person? Because they’re in a hurry to get the help they need.

If you’re a hiring head, here are some tips to keep your company from falling victim to a bad hire.

1.       CHECK REFERENCES – This is often over looked by employers, because you are so busy you may think you can skip this step, but- this is very, VERY important to make sure someone else vouches for their skills!

 

2.       INTRODUCE THE TEAM – Take the potential hire around the office and have them meet as many staff members as possible that they will be closely working with. This will help you get a feel for how they will mesh with the overall office flow or who they may have problems with.

 

3.       TESTING – Make sure your potential hire knows what they’re talking about and make them prove it!  Testing can easily be done at an agency or just buy the software. It will pay for itself, if it keeps you from hiring just 1 bad employee!

 

Look out for these characteristics!

-Cannot produce the quality of work that is expected in training

-Does not work well with other staff members

-Negative attitude

-Immediate attendance issues

Hiring is ROUGH and it takes a lot of time! Make sure the next time you’re looking to add to your staff you allow yourself enough time and do your research! Or else It can cost your business a lot of money, overall stress and may reflect on your ability to make a GOOD hiring decision!

 

*Careerbuilder – The Hiring Site

* Harris Interactive Survey

-SN