What is the Cost of a Bad Hire?

They looked great on paper. They had all the right experience and skills. On top of that, they came with stellar references. But then you hired them and things changed. They’re simply not the right fit for your needs. Sound familiar?

Hiring mistakes are a reality for every employer, large and small. But what are the actual cost of them and how can you avoid another misstep in the future? Here’s what you need to know.

What a Hiring Mistake Will Cost You

According to many reports, hiring managers and HR personnel estimate that a poor hiring choice can cost in the thousands of dollars. More specifically, the U.S. Department of Labor puts that pricetag at around 30% of that person’s salary. So if they’re making $100,000, then it will cost $30,000 to deal with the situation and find a suitable replacement. This is a steep price to pay for any company, but can be especially threatening for those organizations that are smaller or mid-size.

What’s more is that this number might not even be a reflection of the true cost of such a mistake. For instance, it can often have an impact on team morale, which is difficult to measure and quantify. This can then lead to disengagement across an entire department. On top of that, when there’s a hiring mistake, top performing employees are often left to fill the gap and get burned out and overworked as a result.

How to Avoid It in the Future

Having a careful hiring process in place is crucial to avoid the risk of a hiring mistake. For instance, make sure you conduct meticulous interviews, ask behavior-based questions, and don’t skip steps, like reference checks. In addition, give every candidate a clear and accurate picture of what the role really entails and what the company is culture is like. This will help to ensure that those who are truly a good fit will continue through the hiring process.

What Else Can You Do?

The answer lies in partnering with one of the local staffing agencies in Orlando, FL. When you do, you’ll be able to tap their resources for expert help sourcing, recruiting and screening candidates in a way that will lead to more hiring success. For instance, experienced staffing agencies typically have proven processes in place for interviewing candidates. Likewise, they have a larger network of pre-qualified candidates they can access to fill your open positions. This all translates into faster, more effective hiring.

Find Out More from One of the Top Local Staffing Agencies in Orlando, FL

At Future Force, we can recruit and vet quality candidates, reducing the risk of a hiring mistake. At the same time, you’ll have more room in your schedule to focus on other business priorities. Find out more from our team.


contact us today!

Leave a Reply

Your email address will not be published. Required fields are marked *