It is well known that hiring the wrong employee can be costly to your organization – but just how costly? Hiring mistakes hurt morale, productivity, customer relationships and brand image. Once a company acquires a reputation for having heavy turnover, it will be seriously challenged to attract new talent, new customers and even suppliers.

Establishing a standardized, documented hiring process with skilled personnel will help you reduce the risk of making a bad hire. With 74% of companies admitting that they make at least one bad hire annually, this isn’t the area that you should put aside and hope for the best. Prioritize your hiring process and watch your new hire retention skyrocket. If done well, employee morale and engagement will increase while your hiring costs will greatly be reduced.

For more on what your organization can do to avoid these hiring mistakes, continue reading below.

Read next

Business tips

How to Optimise Your Start-Up Recruitment Website

The recruitment industry is both lucrative and highly competitive. For this reason, if you are new to this sector, you will need to utilise every …

Marketing

Does Your Business Need to Hire SEO Specialists?

Almost 90% of marketing professionals believe that search engine optimisation works. Nevertheless, is there any real reason why your company needs to hire SEO specialists? …

Business tips

How to Use a Website to Build Your Brand Credibility

Building brand credibility is essential in business as it helps to generate trust in your products and services. While creating a reputation takes time and …

Scroll to Top