A Bad Hire Can Prove Costly On Many Levels

As we look to 2013 and (hopefully) continued job growth, making the correct hire is something that every company wants to do.  According to a recent survey, nearly 7 in 10 businesses were affected by a bad hire in 2012, with 1 in 4 businesses reporting that a bad hire cost them more than $50,000.  That’s not a risk many companies are looking to make.  PeopleG2 can help ensure information is known about an applicant through a thorough employment screening.

What is it that makes a bad hire, and how can it affect your company?  There is always talk of a bad hire costing money.  This can add up in various ways:

  • Less productivity
  • Lost time to recruit and train another employee
  • Cost for recruiting and training
  • Employee morale being negatively affected
  • Negative impacts on clients
  • Fewer sales
  • Legal issues

In addition to the monetary impact, there are certain characteristics that make a person a bad hire:  These include:

  • Not producing the quality of work expected
  • Not getting along with other employees
  • Bringing a negative attitude to work
  • Attendance problems
  • Customer complaints

So why do companies end up making bad hires?  There is a tendency to rush to get a person on board and into a position, and often times, due diligence is not done through proper human capital intelligence gathering.  PeopleG2 ensures that our client’s wishes are met when it comes to employment screening.  Whether it is employment and education verifications, country criminal searches, drug testing or any other human capital intelligence gathering tools, PeopleG2 is here to make sure that you have the information necessary to make the correct hire in 2013 and beyond.