How Bad Hires Hurt Your Organization

 
 
By Dennis McCafferty  |  Posted 12-15-2016 Email
 
 
 
 
 
 
 
 
 
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    How Bad Hires Hurt Your Organization
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    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.
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    Poor Decision
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    Poor Decision

    75% of the hiring managers and HR professionals surveyed said their organization has made a bad hire.
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    Bogus Claims
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    Bogus Claims

    37% said their company hired a candidate who lied about his or her qualifications.
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    Missing Measure
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    Missing Measure

    28% of the respondents said their company does not conduct background checks of new hires.
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    Expensive Mistake
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    Expensive Mistake

    The average cost of a single bad hire is $17,000.
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    Negative Traits, Part I
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    Negative Traits, Part I

    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.
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    Negative Traits, Part II
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    Negative Traits, Part II

    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.
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    Workflow Stoppage
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    Workflow Stoppage

    36% of the hiring managers and HR professionals surveyed said it's very common for bad hires to bring down office productivity.
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    Bad Karma
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    Bad Karma

    31% said these hires will often lower morale in the company.
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    An
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    An "Oh no!" Moment

    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.
 

If you're like many CIOs and other executives and managers, you've been saddled with a bad hire at least once in your career. In fact, most companies have to deal with this issue, according to a recent survey from CareerBuilder. In some cases, candidates lie about their qualifications. In others, they develop negative attitudes while failing to meet quality-of-work expectations. As a result, department productivity and morale typically take a plunge. And this costs companies plenty—a five-figure loss on average. That's why it's essential to conduct background checks, if simply to distinguish candidate fact from fiction during the hiring process. "If an employee isn't well-suited for the job or has a bad attitude, the time they spend not working could significantly impact your bottom line," said Ben Goldberg, CEO of Aurico, a CareerBuilder company. "That's why it's so important to make sure qualifications are substantiated. It's a hard cost to quantify, but it adds up when you consider the loss of employee morale, the additional supervision that employee needs, productivity loss for the organization, revenue that's not being generated and client relationships that could be turning sour as a result of bad impressions." Nearly 2,380 hiring managers and HR professionals took part in the research, which was conducted by Harris Poll.

 
 
 
 
 
Dennis McCafferty is a freelance writer for Baseline Magazine.

 
 
 
 
 
 

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