27 Mar What if it’s You? Solutions to Avoid Bad Hires.
Hiring is a topic of conversation on every leader’s mind these days. We are constantly bombarded with stories of labor shortages, absentee employees, quiet quitting, actual quitting, etc. So, what do you do to avoid the pitfalls of poor hires in a tight market? Maybe the first thing to do is look in the mirror. Grinding through a revolving door of employees is costly in both time and money and making the right hire the first time is critical in this market. If you don’t have processes in place to find employees that are the right fit for your company, you are setting yourself up for failure. So, what can you do? Let’s get into it. The Cost of a Bad Hire While hiring is one of the most important decisions you can make for the success of your business, we are hearing many stories of bad hires. Let’s look at the potential impact of these decisions on your bottom line. A 2017 CareerBuilder Survey reported that 74% of employers say they have hired the wrong person for a position. What does it mean to your business when this happens? The U.S. Department of Labor estimates that the average cost of a bad...