According to new data, 70% of HR directors admit to hiring someone who did not meet expectations, whilst one in every ten new recruits is viewed as a ‘poor hiring decision’. These bad hires, whilst seeming like small mistakes, can add up to a more costly problem for businesses.
Over half of HR directors reported that a loss of productivity is the biggest problem associated with a poor hiring decision – whether this be through the hire failing to complete as much work as their predecessor, or other staff’s work being negatively impacted.
Further to this, 30% of directors stated that a bad hire could cause a reduction in staff morale, whilst 17% listed significant financial costs through salary, extra training costs, lost performance and re-recruitment as a problem caused by each bad hire.
The figures also show the difficulty HR directors have in identifying and recruiting professionals, with 91% of directors reporting finding this challenging. When looking at the problems in sourcing the best candidates, 35% of directors noted a lack of niche or technical experts, 30% noted a case of demand outweighing supply, and 22% noted a lack of commercial business skills as a problem.
To minimise risk of a bad hire, HR directors need to have a recruiting process that uses the right people and practices to identify the best candidates for each role.
Enabling Change offer recruitment training and recruitment development courses to aid your recruiting business in providing the best experience for your clients and candidates. To find out more about our courses, contact 01264 360 234 today.