How a Bad Hire Could Hurt Your Company
It may seem like finding a candidate to fill a job opening at your company takes a lot of time and effort. However, it’s better to invest this effort into finding the right person for the position than it is to rush the process and end up with someone who’s a bad fit for your company. Hiring the wrong candidate can cost your company dearly, as you know if it’s ever happened to you before. You can lose thousands of dollars in productivity and revenue by hiring someone who’s a bad fit. Working with an employment agency in Fort Lauderdale, FL to find ideal candidates can help you avoid this predicament.
Most of the time, as you might expect, bad hires occur when a business is under pressure to hire a person quickly to fill an important opening. In doing so, they don’t spend as much time as they probably should on vetting candidates and considering whether or not they’re a good fit for the position in a variety of ways, including experience, training, capability and culture.
Here are just a few of the areas that may be impacted if you hire the wrong person for the job:
- Productivity: If a person is not properly qualified for a position for which you hire them, that will have a negative impact on your company’s productivity. Other staff members may be required to pick up some of the slack and work harder to meet your goals, which could result in burnout and decreased morale. Ultimately, if the problem is allowed to fester for too long, it could drive some of your best employees away to a competitor or to another opportunity, where there is greater attention paid to who is brought in to fill roles on the team.
- Reputation: Your company’s reputation can be either helped or hurt by the people you hire to work for you. A bad hire, especially in a position that is client-facing, could damage some relationships you’ve worked hard to build and result in a blow to your reputation. You also have to consider your internal reputation—bad hires could result in employees starting to question whether or not you know what you’re doing with your hiring decisions, which could result in damaged relationships between management and staff.
- Finances: A bad hire can be a big waste of money when you consider the time spent training them, the amount of productivity they cost you and the potential for increased staff turnover. Every situation is different, so it’s impossible to say with any degree of certainty how much you can expect a bad hire to cost you, but in some circumstances, it could be tens of thousands of dollars or more.
- Culture: Finally, you need to consider the impact a bad hire could have on your company’s culture. You should always spend some time considering how well the employee will fit within the culture you’ve established at your company. This goes beyond just their experience and qualifications. Sometimes personalities can be a big source of conflict, or the person might not seem to have the proper drive for the position you’re hiring them to fill. You should focus on bringing in someone who can gel with the mood and culture of your company.
For more information about how you can ensure you bring in the right people for your company’s open positions by working with an employment agency in Fort Lauderdale, FL, reach out to Key Technical Resources today.
Categorised in: Staffing Agency