Understanding the Effects of a Bad Hire
Being part of the staffing industry, we understand what it takes to hire right, and the efforts that you put into the process as a recruiter. Not just once, this process is repetitive for you, and requires you to maintain your efficiency throughout the process each time. Your efficiency in this case is calculated based on the number of good hires you make. So, what do you account for in a regular hiring process?
- Experience: Includes professional background, educational summary, and references
- Potential: Accounts for the ability of the candidate to fit the job description
- Skills Sets: Professional skills that determine if the candidate is capable of the task
- Soft Skills: Other personal skills that add on to the candidates’ capability
- Team & Cultural Fit: Personality traits that make them a good fit for your team
These are the essential factors that help you determine if a candidate is the right fit for the vacancy as well as your company. To ensure that the candidate is the right fit for your company, your efforts should be more than merely checking their skills. Listed below are some steps that you follow up your resume screening processes with -
- A background check of the candidate
- Verification of the recommendations and references mentioned
- A personal interview
- A panel discussion
- Job offers
However, often even after following the processes word by word, going all lengths to hire right, you may end up recruiting the wrong candidate. While it may sound a normal thing, here’s the effect of a bad hire in your company-
- Cultural Imbalance: when your newly hired candidate fails to mingle well with your existing team, it springs up numerous work culture issues. These issues often are not restricted to that person but end up winding more employees.
- Affected Productivity: when there are issues within the team productivity is bound to be affected. This could also be caused by the candidate's failure to fit in his practical job role as well as s/he expected to during the interview.
- Unhappy Clients: often internal problems caused by an employee end up affecting performance of a team. This in turn affects the client this team is answerable to, who is facing the indirect impact of the issue.
- Financial Impact: if clients go unhappy, it costs the company a price, and that is sometimes as harsh as losing the client.
- Damage To the Company's Reputation: lead generation for new clients depends entirely on your work for your existing clients that you present as an example. When a client leaves your company due an internal dispute, it sets a wrong example for the potential clients, in turn damaging the reputation of the company.
One bad hire can often end up damaging your company's entire system. However hard you try, every recruiter often comes across a candidate whom they think to be ideal, but who later turns out to be the wrong choice. Major reasons contributing to a bad hire are rushed hiring processes, group hiring, lack of heed to soft skills, skipping hiring phases, etc. What matters in this case is how you handle the situation after you spot the damage. On the other hand when you recruit through Dollar Staffing, you are given a better chance to judge the candidate. How, you ask? When initial processes like screening resumes to see the right fit and the verification of data are done beforehand by our AI powered solutions system, you have a list of well-matched candidates that you can interview at a better pace. That's how Dollar Staffing fits in your hiring system with its aim of reducing your chances of a bad hire.