Lost Time, Missed Opportunities: The Cost of a Bad Hire
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Lost Time, Missed Opportunities: The Cost of a Bad Hire
Almost 1 in 4 hiring managers admit to making a bad hire. What would that mean for your company?
On average, managers say it took them 11 weeks to terminate the new hire and another 8 weeks to restaff the position. That’s almost 5 months of lost work, production and opportunities.
Termination process — Week One of Month One through Week Three of Month Three
Restaffing — Week Four of Month Three through Week Three of Month Five
6 TIPS TO BETTER HIRING
1. Pay salaries equal to — or higher than — your competitors.
2. Assess soft skills in interviews.
3. Include remote candidates, when possible, in your search.
4. Consider internal candidates.
5. Act fast when you find a promising candidate.
6. Don’t go it alone. Work with an expert.
Source: Robert Half survey of more than 2,100 hiring managers.
© 2024 Robert Half Inc. An Equal Opportunity Employer. M/F/Disability/Veterans.
