A bad hire is not just the employee’s salary.
It also includes:
- the manager’s time;
- training;
- onboarding;
- mistakes made by the new employee;
- lost clients;
- restarting the recruitment process.
According to various estimates, replacing the wrong candidate can cost a company several months of salary and sometimes considerably more. That is why professional recruitment has long been viewed as an investment rather than an expense.
How to minimise the risks:
- write a clear and accurate job description;
- evaluate more than just experience;
- assess soft skills;
- conduct several stages of interviews;
- use professional recruitment services.
