Beware of the Bad Hire

One of the costliest mistakes for companies in 2017 was making a bad hire.  While every hiring manager does everything in their power to beware of the bad hire and stay clear of it, it can happen.  The cost of a bad hire to you can be in the thousands, or even in the millions.  It is important as you begin the new year that you look at your hiring process for flaws or areas where you may not catch a potential bad hire. 

Here is what you need to know about bad hires:

• Theft and Fraud – this is an area that every company and hiring manager tries to prevent in their hiring.  However, it is difficult to prevent.  More than 40% of lost revenue by companies can be contributed to employee theft, yet few companies realize they have a problem. 
• Customer Service – in today’s age of sharing everything on social media, it is critical that your customer service be top par.  Employees that cause a bad customer experience, typically continue this behavior, costing you customers.  Customers today are quick to post their bad experience and tell others – which could cost you thousands of dollars in sales and business.
• Low Productivity – one the most common signs of a bad hire is productivity issues.  If you continually see low productivity in an employee, it may be time to remove that employee.  Do your research and get to the bottom of the productivity problems.
• Workplace Stress – typically a bad hire will cause lots of internal problems among other employees.  Whether it is gossiping, constant complaining, or causing undue stress, this hire is often thought of as toxic to the culture of the company.

The cost of replacing a bad hire can be expensive, however, if you look at your hiring process, you should be able to weed out the majority of your bad hires in advance, saving you lots of time and money.


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