What Is the Cost of a Bad Hire for a Business?

Hiring Mistakes to Avoid

According to a CareerBuilder survey, 75 percent of employers have hired the wrong person. Unfortunately, the impact of a bad hire on the business can be far and wide, including:

  • Loss of morale among employees
  • Additional supervision required
  • Lost productivity and revenue
  • Impacted client relationships

And the real financial cost of all of these affects? CareerBuilder says it’s approximately $17,000 on average in just one year.

What Is a Bad Hire?

It may not take long for a company to realize they’ve onboarded the wrong person. While many factors contribute to an employee being labeled a bad hire, some of the most common signs include:

  • A bad attitude
  • Qualifications that aren’t suited for the job
  • Inability to work with coworkers
  • Poor quality work
  • Absenteeism
  • Personality mismatch

Improve Your Recruitment Process

If you’re planning to bring on more employees, hiring talent that fits with your organization can be a challenge. To make your decisions, you’ll need to go beyond a candidate’s resume today. While there’s no guarantee that you’ll avoid a poor fit, several steps can help reduce your chances, including:

  • Clearly define the job’s role and responsibilities
  • Set realistic expectations
  • Vet adequately
  • Trust your gut

To prevent the wrong person from impacting your bottom line, learn the top 10 hiring mistakes to avoid.

See the Top Ten Hiring Mistakes to Avoid


Enter your email address to subscribe to this blog and receive notifications of new posts by email.

HR Cast