The real cost of recruiting the wrong person

It can be enormously dispiriting to go through the strenuous efforts of the recruitment and selection process, only to find that the candidate selected is found unsuited to the job.  This isn’t an uncommon occurrence either. In a survey by CareerBuilder 62% of 6000 employers reported a bad hire. Over 50% of employers in each of the 10 largest economies in the world have felt the effects of a bad recruitment decision whether on productivity, customer relations or morale.

So below is a list of ways in which you can safeguard your company and help ensure you don’t face ‘The real cost of recruiting the wrong person.’

1. Assess your employees

An employee assessment is a method which enables a company to get an insight on how well an individual will ‘fit’ into a job role all while examining their performance level. This is determined on a complex mix of the team dynamics, the company’s culture and obviously the individual’s attitude and skill set. Finding the right fit is crucial, if underestimated your company could face not only a drop in productivity detrimental effects to your reputation. Not to mention the sheer amount of time seized from the management sector.

It is understandable that many businesses simply do not have the time to be going through lengthy processes to assess employees, this is where employee and team assessment services play a big part. This service specialises in offering a range of services using accredited tools including job profiling, behavioural assessments, aptitude test and internal benchmarking assessments.

2. Take a load off your schedule

By working with an executive search consultant you are allowing them to dedicate their time and undertake a range of processes to find the perfect candidate for you. They first assess the behaviours and the role a candidate will be expected to demonstrate. They can then offer an unbiased response to truly comprehend those who will integrate with ease into your company’s culture and provide the expectations required.

The aim is to fully understand the role at hand and the company in order to ensure that both the candidate and the client can strive for success collectively. Then find only the very best candidates to save you time at the interviewing stage.

3. Test the whole team

Assessments are not only used for individuals when recruiting, companies can greatly benefit from having assessments carried out for the whole team. If a firm is suffering from issues regarding team dynamics failing to work effectively, this can cause increasing problems for the business. Firstly it can be extremely disruptive to the working environment, having a knock-on effect on the business performance and reduce the positive impact of a new senior hire. Tools can be used to solve these team issues and identify the root-cause. These findings will target the core of your organisation to provide a robust, data led report that delivers a range of possibilities for you to consider.

4. Work with experts

Work with an executive search company that goes above and beyond to benefit you and has the skills and expertise to back up their solutions.  The executive search service proposes a highly intricate assessment process that goes above and beyond the customary methods in order to produce a service that delivers the best possible results. Take great satisfaction from the long term relationship available between headhunter and customer, highlighting areas for improvement, not only for the client’s new, potential employees but also generating focus on their existing workforce.

Take these tips, and never find yourself wasting time with unfit candidates or even worse wasting money and damaging morale and productivity through a bad hire. Safegaurd your company through investing in your employees and new hires as they are the number one asset in most companies.