A Bad Hire Can Sap Almost a Whole Day Out of a Manager’s Week
Hear that sucking sound? That’s the sound of time being sucked out of a manager’s work week in order to oversee poorly performing employees, also known as the bad hire you made once upon a time.
We’ve talked about how much a bad hire can cost you in dollars in the past, but here’s a new way to measure how much they hurt your business. According to a recent Los Angeles Times article, researchers found that a bad hire can take up as much as a full day a week of their managers’ time—nearly 17% of the hours a supervisor could have otherwise. That’s an inordinate amount of time overseeing poorly performing employees that could have been invested in revenue-generating endeavors instead.
The study also reported that managers weren’t the only one’s negatively impacted by bad hires. Employee morale also seemed to take a toll as other workers had to either tolerate the problems resulting from the bad hire or make up for that person’s impact in their own roles.
Now is the time to prepare for better hiring practices in 2013!
Don’t wait to improve your pre-hiring and hiring practices for the next we-needed-it-filled-yesterday position to be open at your company. hireVision has hiring and HR outsourcing services to help you not just avoid a bad hire, but to help you develop existing in-house talent and improve your company culture in ways that increase overall performance and productivity. Our DirectView hiring and pre-hiring management services (including our unique NetSourcing passive recruiting program) get results and our fees are based only on the work we do, never on a per-hire basis, so your company’s best long-term interests are always our focus.
For more information about DirectView, NetSourcing or any of our other hiring process management or HR partnering services , please contact us at 610.443.0119.