The True Cost of a Bad Hire and How to Avoid Them

A few of the negative effects of a bad hire include low morale, decreased output, and increased turnover. Financially, there is the cost to source, onboard, and train the bad hire and his or her replacement, totaling as much as $240,000. Companies should also consider the productivity lost, the damage to team synergies, and the potential harm to customer relationships. Employers should consider several factors when determining a good hire, including strong work ethic, cultural fit, minimal need for re-training, consistent performance, and adherence to company policies. Warning signs of a bad hire include a change in expected personality and work ethic, employee skills that do not match candidate claims, and an unwillingness and inability to adapt to the working environment.


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Posted Under: Cost of Bad Hires

Post By Ken Shafton (2,326 Posts)