How serious do you take hiring new employees for your business? Is it a task that you try to get through as quickly as possible or have you invested a lot of time and thought to ensure you get every hire right the first time?
Work is a busy place and with most of us already over burdened the last thing any of us need is to have to find even more time we don't have to invest in a recruitment process!
However, this article is absolutely right in the horrendous cost to your business if you get a hire wrong. There are some great tips on how to succeed every time.
Have you ever thought you hired the workplace version of John Wayne, only to find out youʼve been duped and ended up with a Woody Allen? Poor hiring decisions are costly mistakes that can range as high as 300% of an employeeʼs base salary. Financial losses include expenses associated with hiring and training, low employee morale and decreased productivity. Plus, poor hiring choices frequently lead to damaged client relationships, loss of new business and business in general, unemployment and more. The bottom line is that bad hiring decisions can make or break a business. Why mis-hires occur The two most common hiring traps are hiring in a hurry and hiring the résumé rather than the person. Companies that donʼt have succession plans or fail to practice cross-training often rush to relieve the pain of the empty chair.