The Real Cost of a Bad Hire (and How to Avoid It)
Steve Parmar-Greaves
Recruitment Professional | 18+ Years in IT & Office Functions | Trusted Outsourcing Partner | Solving Hiring Challenges & Reducing Turnover | Using DiSC for Smarter Hiring | Delivering Guaranteed Results
Subject: One Bad Hire = £30,000+ Lost. Here's How to Avoid It.
REC "Recruitment and Employment Confederation" research shows the average cost of a bad hire at mid-manager level is £30K–£50K. That includes recruitment, training, lost productivity, team disruption, and starting the process again.
Why do bad hires happen?
Hiring under pressure without clear needs
Ignoring cultural fit in favour of skills alone
Weak interview structures with inconsistent assessment
Hiring the best of the bunch rather than the best in the market
What to do differently:
Use scorecard interviews so everyone’s evaluating on the same criteria
Incorporate pre-hire assessments for relevant skills (we offer options) DISC is a great tool
Dig into values alignment, not just experience
Expand your network to ensure that you get the best candidates not just the best of who applied.
Look at ways to indetify where your ideal candidates works and connect with them.
Parmar Staffing offers shortlist guarantees, pre placement testing and post-placement support to help you hire right – the first time.
If you could like to discuss your hiring challenges, book in a 30 minute call for some free tips and hints of how you can improve your process.