What happens when the wrong person gets hired? Maybe the person doesn’t work well with others, has poor work habits, or is just plain ineffective. Either way, the effects of a bad hire to the organization are wide-ranging, and include:
- Separation costs such as severance packages and conducting exit interviews,
- Costs to recruit a replacement, including referral fees, search firm fees, conducting interviews and background checks,
- Cost and time of onboarding and training the replacement,
- Lower productivity of the new employee during the ramp-up period,
- Decreased staff engagement and morale, and
- Decreased reputation as an employer.
Plus, most of all, the organization pays the opportunity cost of not having a competent person in the role. Departments spin their wheels, and business objectives are missed.
Making the right hiring decision is one of the most critical decisions you can make as a business leader. When you make the right hiring decision, business objectives can seem to fall into place more easily. When you make the wrong hiring decision, it can be nearly impossible to compensate for the mistake.
We’re here to help you understand your talent. Rely on our validated tools and methods, professional judgment, and advisement to discover your talent’s strengths, developmental areas, and fit for the role so that you can make better talent decisions.