Talent Acquisition

What Is the True Cost of Hiring a Bad Employee?

What is the cost of a bad hire? The true cost, not just the cost of posting an ad and conducting interviews.

We all know that hiring the wrong employees can cost organizations a huge amount of money, but this infographic by Resoomay presents some startling figures.

  • When hiring a new employee, double-check that the job description outlines exactly what you want before posting the opening and really sell what your business can offer top candidates to attract the best people.
  • As important as the technical skills are to complete the job, it’s also crucial to assess how well the individual would fit into your environment. If their personality does not suit your organization, it is unlikely that they will stay for long and it may cause conflicts amongst your team. If you’re not sure about a candidate, ask other members of staff to help you to make the decision.
  • Don’t just hire anyone to fill the spot, it’s best to take your time over hiring decisions and consider it carefully to ensure that you find the right candidate for the position.

When it comes down to it, getting the right fit the first time probably matters a little more than you thought it did. Recruiters, your job is just that much more important.

RELATED: What Could a Bad Hire Cost Your Company?

how much can a bad hire set you back?

By Jörgen Sundberg

Founder of Undercover Recruiter & CEO of Link Humans, home of The Employer Brand Index.