What can a company do to hire a poor candidate? Bad hiring can impact the quality of products and employees. These numbers can be so alarming that even large companies cannot afford to pay for poor performers.Poor hiring decisions are the reason for over 80 percent of employee turnover. Companies with high turnover rates are likely to have lower revenues. There may be a requirement to pay severance payments with no return on your investment. Also, consider the costs of job advertising, reviewing applicants, onboarding, and training.

PRODUCTIVITY AND TIME LOSS

Companies won’t invest in poor hires but will get the same return. These can cause costly mistakes and slow completion of projects.

According a survey, 37% of companies reported lower productivity and 22% lost their time training new employees.

It’s important to note that filling a staff-level position can take up to 5 weeks. The company instead of focusing its attention on growth opportunities, it focuses on recruiting potential talent.

The top recruitment agencies are adept at helping companies make better hiring decisions. They can help companies save time and money by helping to find the right people for their jobs.

DO NOT RUSH THE HIRING SYSTEM

Bad hires are part of every company’s hiring process. Employers can retain qualified workers by creating a comprehensive strategy for recruitment and hiring.

 

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