The staffing firm, Robert Half International, surveyed 2,100 chief financial officers. In answer to the question about the greatest impact of a faulty hiring decision, 39% said lower staff morale; 34% cited lost productivity; and 25% chose financial cost.
Paul McDonald, senior executive director at Robert Half said, “A poor hire can cause friction as other employees are left to take on extra work and fix projects that weren’t done right the first time.”
Here are the top seven factors that can result in hiring mistakes:
- A hiring mismatch costs firms money, plus hurts employee morale and productivity.
- Mistakes in the talent arena can cause employees to question management’s judgment and even doubt the company’s leadership ability.
- Not following a proven process to minimize hiring the wrong person.
- Asking interview question that are not relevant to the job.
- Get together. The process includes less formal group interviews over lunch or dinner. “We want to make sure this person is a cultural fit.” the Australian said.
- Find the fit. The fortified hiring practice drove Appster’s employee retention rate as high as 95%.
- Not keeping the hiring engine running to match pace with company growth and expansion.
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Top Three Reasons Most Hiring Processes Are Broken and What To Do About It.
Have you ever experienced a “hiring breakdown?” Please comment below.