Are you aware that hiring the wrong person can have significant consequences to your business? Every recruitment team works hard and spends sums of money to identify and bring onboard the right person to fill an open role. That being said, the new employee being hired can sometimes turn out to be a liability for their team, department and even the whole company.
Financial costs. The cost of interviewing, hiring, and training a new recruit are high and are wasted if that employee winds up being a bad hire and leaves the business.
Employee morale can take a hit. There are many reasons a new employee can turn out to be a bad hire; one of the most common is they bring a negative attitude into the workplace. If this is the case, the morale of an entire team to be negatively impacted which generally then impacts productivity.
Negative online reviews. Job candidates will look into online reviews that employees have created about their time working at a company. Hiring and having to subsequently let go of a bad hire greatly increases your chances of them writing a scathing review, which can have long-term consequences for your company’s reputation.
Bigger workload for other employees. Whether it is incompetence, laziness or a mix of the two that makes an employee a bad hire, their particular defects will result in more work and longer hours for their more capable colleagues.
More stress on managers. Managers are already under a considerable amount of pressure to manage teams when those groups are comprised of competent, efficient employees. Add a bad hire to any team and it is guaranteed to create a critical amount of stress for any manager.
Less credibility in the eyes of clients. Every interaction a bad hire has with a client runs the risk of irrevocably damaging that relationship, which your teams have spent time and money building.
Potential legal issues. If an employee is a very bad hire, one that is untrustworthy enough to possibly engage in criminal activity, you could find yourself immersed in a lengthy and expensive legal battle.
Poor representation to clients. If your employees are responsible for directly communicating with customers, a bad hire increases the risk of a poor interaction which could impact your sales.
Hiring the best person for every job is crucial to the success of a business and ensuring you are using the best recruitment methods and practices is essential.
Hiring the best person for every job is crucial to the success of a business. Yet picking talent remains the most pressing challenge for employers globally.
Bad hires will have several consequences for companies and they might not show this from the start but rather have an effect in the long-term. Therefore, it is crucial that companies always continuously work towards taking the best hiring decisions before bad hires happen.
Download our latest eBook and discover top tips, the latest stats and how to save time and effort through having a rigorous recruitment process at hand, creating a thriving and successful company.
In this eBook you will learn:
- 4 Serious consequences of a bad hire
- The biggest impact on employers
- Financial costs of a bad hire
- How to recognise a bad hire
- Candidate red flags at interview