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The Cost of a Bad Hire and How to Avoid It

According to a survey conducted by Career Builder in Canada, a bad hire has the potential of wasting 27 weeks of an organization’s time, including an average of 7 weeks to put a replacement in place. Some costs associated with a bad hire include: the recruiting process, interviews, onboarding, training, and the impact on current employees. Employers can avoid hiring the wrong person by taking the following steps: have a referral process so that current employees can be rewarded for recommending candidates that would be a good fit, ensure that evaluation and interview processes is thorough and well-established ahead of time, and have a well-documented background screening policy.

 

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Posted Under: Cost of Bad Hires

Post By Ken Shafton (806 Posts)