Why Is It Critical to Consider the Cost of a Bad Hire?
A bad hire can be an extremely expensive mistake. It’s a disappointing experience to realize that the recruit you thought would bring your business success was never truly cut out for the position at all. This recruitment was supposed to be a chance for an easier division of labor for your team. Instead, your other employees are trying to make up for your new hire’s endless mistakes, missed deadlines, and lack of commitment. If you’re a business that has rushed a candidate toward employment in Brampton , you may be a part of the percentage of companies that lose 17% of their new recruits within their first three months of work. By the 18 month mark, nearly 50% of all new hires are deemed failures by their recruiters. What a waste of everyone’s time. But time isn’t all you lose when you make the mistake of making a bad hire. Morale Anyone in management would agree: a bad hire can do harm to a business in a multitude of ways—one of which is lowering office morale. Poor mora