How much has a bad hire cost you?

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Hiring is one of the most important decisions a manager makes. Every manager has a story or two on their experience of hiring the wrong person. In fact, according to our recent twitter survey, 60.3% of employers say they have hired the wrong person for a position.

From the cost of recruitment and training to the disruption and impact on staff morale, the cost of a bad hire has far-reaching consequences for any business.  In addition to the replacement cost, hiring the wrong person drains energy, time and can cost a business in many ways. 

One of which is the havoc that the  “wrong” employee can create as well as the possibility of losing clients/customers, the time lost in repeating procedures that were handled ineptly as well as the pressure on other employees who must pick up the slack. 

In large companies, bad hires can have a significant financial impact, and in smaller companies, it can go as far as jeopardizing the future of the business if clients leave.

How can you avoid this?

At Jobberman, we advise that you put in the time and effort on the front end to make sure you have the best available pool of applicants for every job opening. Also, ensure you have good procedures in place for evaluating candidates. Or you can simply save yourself the stress and go for a trusted recruitment agency. Recruitment agencies enable business owners to skip the hassle, save time, save money and employ the perfect candidate.

Alternatively, you can try out the Jobberman Skills Assessments tool which enables you to test for the core competencies and knowledge required for your specific role. 

It is an excellent predictor of a candidate’s ability to perform the tasks required for the role, therefore helping you objectively pick the most capable candidates.

Seyi King
Seyi King is an internet entrepreneur, author and digital marketing specialist. He is passionate about the internet, business, and how civilization develops. He has deep curiosity for nature and the unfolding role Africa will play in globalization.