How Bad Hires Hurt Your Organization
Most firms have to deal with bad hires, which can hurt productivity and morale, and can result in a five-figure loss. So it’s vital to conduct background checks.
75% of the hiring managers and HR professionals surveyed said their organization has made a bad hire.
37% said their company hired a candidate who lied about his or her qualifications.
28% of the respondents said their company does not conduct background checks of new hires.
The average cost of a single bad hire is $17,000.
58% of the respondents said employees who don’t produce the proper quality of work make bad hires, while 52% cited workers who have poor attitudes.
51% said employees who can’t work well with co-workers make bad hires, and 49% cited candidates whose skills don’t live up to their claims during the hiring process.
36% of the hiring managers and HR professionals surveyed said it’s very common for bad hires to bring down office productivity.
31% said these hires will often lower morale in the company.
20% of respondents said they know within the first week of hiring a candidate whether they made a mistake, and 53% said they know within the first three weeks.