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The Hidden Costs of a Bad Hire

In February, the United States economy added 379,000 jobs. The unemployment rate, however, remained at its lowest level since the start of the COVID-19 crisis last March, but well above the 50-year low of 3.5 percent reached a year ago, according to the Bureau of Labor Statistics. Job hiring is expected to continue, so it’s important to consider a few important factors that have a huge impact on every hiring decision. A bad hire, for instance, could have a negative impact on client relations, cause a decrease in sales and affect employee morale. When a bad hire is made, it is important to explain to the employee why his or her work is subpar and, if the working relationship cannot be saved, seek ways to give them a graceful exit.

 

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Posted Under: Cost of Bad Hires

Post By Ken Shafton (965 Posts)