A bad hire can spell disaster for your company. The financial impact can be significant – it’s estimated that a single bad hire can cause your company to lose 30% or more of the individual’s expected first-year earnings. And it’s not just about money. The drain a bad hire puts on morale cannot be overlooked.… Read More »
Tag: Impact of a Bad Hire
The High Cost of a Bad Hire: How One Bad Decision Can Wreak Financial Havoc
You’ve gone through the entire recruitment process, from creating a job description and disseminating it, screening resumes, contacting candidates to set up interviews, performing multiple rounds of interviews, and negotiating an offer. You onboard your candidate. After they start, you discover they don’t have the skills to perform in the position. A week later, they’ve… Read More »
3 Reasons to SLOW Down Your Hiring Process – Even if You Need to Hire NOW
When you have an open job at your organization, it can sometimes feel like speed is the most important thing. Getting that role filled fast means you won’t get behind on work deadlines, your team won’t be disrupted, and your clients will remain pleased. And while that’s all true, there’s also something to be said… Read More »
Evaluating the Cost of Making the Wrong Hire in Buffalo, NY
It’s hard to put an exact figure on the cost of firing the wrong candidate in Buffalo, NY. Recent surveys conducted among hiring managers and HR professionals across the country indicate that companies are losing between $15,000 and $17,000 on each bad hire. Whatever that actual figure turns out to be, everyone in the hiring… Read More »