How to Avoid Hiring the Wrong Person by Louise Jenner, The Dream Job Coach.
It’s important to avoid hiring the wrong person for the job because it not only means that you’ve wasted precious time and money during the recruitment process, but you’ve also potentially missed the opportunity to hire the right person.
It’s easy to make costly mistakes when interviewing candidates, especially if you’re an inexperienced interviewer or haven’t had any formal interview training. Added to this, once the wrong person is in the job, there are further wasted costs relating to training and the really dispiriting job of letting them go and having to start all over again.
Costs of Hiring the Wrong Person
Consider the costs of hiring and training just one new employee to understand how important it is to become really effective when interviewing.
- How much time did you spend creating the job description?
- How much did it cost to advertise the position?
- If applicable, how much did the recruitment agency charge?
- How long did you spend reviewing the applications?
- How long did it take to invite the candidates for an interview?
- How many hours or days did you spend interviewing potential candidates? (Double or treble those hours depending on who else was interviewing alongside you.)
- How many additional hours for the second and third interviews?
- What was the cost to your business while you and your colleagues were away from your day jobs, conducting interviews?
- How many hours of induction and training did you invest in the new starter?
- What is the cost of the training?
- How many admin hours were used creating the offer and contract etc?
It all adds up, doesn’t it? And if you haven’t worked these figures out before, the final total might be quite a shock! One survey shows the average cost of hiring is more than £3,000. Of course, it’s worth it if you hire someone who is brilliant and turns out to be an asset to your business.
However, if you keep hiring the wrong people and you have to keep repeating these costs, it could be the difference between your business making a profit or a loss at the end of your financial year.
Read on to find out how to avoid hiring the wrong person for the job… https://louisejenner.com/how-to-avoid-hiring-the-wrong-person/
Author: Louise Jenner
Louise Jenner was born and raised in Devon. She is passionate about helping others to do the kind of work they love and is known as The Dream Job Coach.
