Cost of a Bad Hire

Bad EmployeeYour company loses more than time, money and effort by recruiting, hiring and training people who perhaps shouldn’t have been brought on in the first place. You must also deal with the havoc that the “wrong” employee can create: the business you may lose when that individual interacts with customers, the costs you incur when you have to repeat procedures that were handled ineptly and the pressures on other employees who must pick up the slack. But the costs of a bad hire doesn’t end there.

Consider the expense and hassle that arises when you have to cut your losses and dismiss this “wrong” hire. In the long run, it’s more difficult for the manager and team to accommodate a poor performer than it is to invest in recruiting quality candidates.

via Cost of a Bad Hire | Robert Half.

Cost of a Bad Hire – HR Risk Management

Unknown1There is no substitute forĀ  sound HR management practices. It makes no difference if you are a professional firm, retail outfit or contractor. It makes no difference if you have 5 employees or 50,000. It makes no difference if you have seasoned HR executives or not. Many companies fail to see the true cost of poor HR practices and don’t embrace the right ones until they get whacked in the head enough times that it begins to hurt!

Great companies don’t wait for the pain, they model best practices. This is not rocket science, it’s just plain common sense.

To calculate the cost of a poor hire click on the link below.

via AnonymousFrom – Cost Calculator.