The cost of a bad hire is estimated to be anywhere from a few hundred dollars to several thousand, depending on the employee’s position, the amount of time spent on training the employee, and the services you used to hire the person.
But bad hires cost employers more than time, money, and effort. A bad hire may cost you a client through a disastrous interaction or a star employee who resents picking up the slack, fixing mistakes, or otherwise accommodating a poor performer. And once you do rid the firm of the wrong hire, you may have costs associated with the termination, not to mention having to face the whole hiring process all over again.
So when someone comes running into your office, saying I need a new assistant right away; anyone will do, don’t take them at their word. Don’t settle for “just another warm body” simply because finding the right person for the job opening takes too much time, effort, and expense. You don’t just want a body in the seat; you want the right body.
In this report, we outline the steps you need to follow to ensure you hire the right person for the job.