When you needed to hire a new employee yesterday, it’s tempting to settle for a decent candidate who seems fine on paper, or even someone a bit underqualified. This tactic might work for a short while, but it will end up costing you in the long term, so take your time to find the best fit.
One bad hire can cause a ripple effect throughout your entire organization, placing everyone on a downward spiral. Simply put, if you have any reservations at all about a candidate, trust your instincts and keep searching.
3 Ways a Bad Hire Will Impact Your Company
1. Decrease Morale
Currently, your team has a rhythm that everyone fits into, but it only takes one person to disrupt it. A bad hire who doesn’t fit in with the rest of your staff can make the work environment uncomfortable for everyone. Morale plummets when people are forced to work in a tension-filled space where everyone is constantly on edge.
2. Increase Employee Workloads
If your new hire can’t deliver, the rest of your team will have to pick up the slack. Whether you let the person go and embark on a search for a new candidate or opt to keep the person employed and hope things get better, you’ll have to face the heat from an overworked staff who resents having to pitch in to do someone else’s job.
3. Strain Your Bottom Line
In a 2012 CareerBuilder survey, 69 percent of employers admitted their companies had suffered the impact of a bad hire during the year. A total of 41 percent estimated the bad hire cost them more than $25,000, and 24 percent said it cost them more than $50,000. This is certainly a lot of money — and it’s only for one bad hire. The financial impact of two, five or even 10 bad hires could be detrimental.
If your team is seriously understaffed, consider taking on temporary workers in the interim, so you don’t feel pressured to make an immediate hire. This approach keeps productivity flowing, without overworking your core team.
Stop stressing over finding the right person for the job and allow PrideStaff Northern Kentucky to handle your staffing needs. We won’t stop searching until we fill your temporary, temp-to-hire and direct hire positions with the best candidates in the tri-county region. Contact us today to discuss your staffing needs!
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