The latest report from the REC (Recruitment & Employment Confederation) gives some very interesting details about the costs to a company after recruiting someone and finding it was a bad hiring decision. When I talk about cost, it’s not just about loss of money.
Poor hiring decisions do happen, but employers can often underestimate the impact that they have on their teams and company as a whole.
Someone new joining your company, if you are large or small employer, always changes the dynamic of the team they join. Usually adding fresh ideas and enthusiasm.
But, if they are the wrong person for the position it can mean performance quickly drops off. This then can cause upset within the team. The result can be an impact on the teams’ productivity and ultimately financial loss.
It has some great advice on how to ensure that your success rate for hiring the right person for the vacancy improves.
Download the whole report here:
If your company has vacancies that you’d like help finding the ‘perfect match’ for, click, send us a message and one of the LMR Recruitment Team will get back to you.
Anice McNamee (Marketing Manager)