HIRING TIP OF THE MONTH: One hiring mistake can take up to 17 weeks to recover from, so don’t rush!
Slow down! Just two words, that’s our hiring tip this month. This simple advice can be easy to forget in the heat of the moment, when you need that empty position filled yesterday and you’re stressed out about how your workforce is going to get things done in the meantime. But foregoing sound decision-making for speed can be risky, especially since hiring mistakes that come from rush decisions can lead to chaos within your workforce that isn’t quick to remedy.
Got one-third of a year to waste?
Need proof that one bad hire can wreak havoc on your small or midsized business? We’ve got some for you, by way of a recent survey conducted by the staffing firm Robert Half International that reports not only that eight out of 10 business owners and HR professionals in small and midsized businesses said they have made a bad hire, and that such hiring mistakes took as much as 17 weeks to recover from.
That is way too much time and money wasted. Of course, that wasn’t the intent of the people doing the hiring. So where did they go wrong? In several key areas, according to following bit of research on the blog Business Management Daily:
Several factors complicate hiring in smaller organizations, according to Paul McDonald, senior executive director at Robert Half. “Some firms lack dedicated recruiting staff or a human resources function altogether,” he said. “Multiple demands on a business owner’s time also can pull attention away from recruiting and cause it to fall to the last priority.” That lack of capacity explains why it often takes so long to replace a bad hire. The time frames:
- 58% of small business owners said it took less than a month to realize they made a bad hiring decision
- However, it took an average of 8.8 weeks to let the person go
- Nearly five more weeks passed before a replacement started working, with 68% of businesses putting the workload on existing staff during this time.
Don’t rush to hire just anybody
“Hiring is so important to do right. All too often, employers or hiring managers get too caught up in the immediate worries about filling a position that they don’t give enough consideration to the long-term effect a particular new hire will have,” says Tina Hamilton, PHR, myHR Partner president. “Avoid making emotional decisions in the heat of the moment. Take a step back and really think through what your company needs, what constitutes a good fit into the team and what it takes to vet every candidate properly. These things can go a long way in preventing a bad hire.”
More of our monthly hiring tips
Once you resist the urge to make a rushed hiring decision, you’ll be able to focus on important aspects of the process that will help you avoid a bad hire. As luck would have it, we have compiled a handy set of hiring tips for you as part of our “Hiring Tip of the Month” blog series, and we have more planned through the remainder of the year.
Here’s a list of our previous helpful hiring hints:
February: Employer interview techniques
Avoid hiring mistakes with help from myHR Partner
Whether you are looking for a little bit or a whole lot of help with your hiring processes, we are here to assist you. We have dynamic and customizable workshops available through our highly successful training program to help you hone your skills, or you can outsource part of or the entire process with our hiring management services. 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. myHR Partner also offers myHR DirectLink, our award-winning outsourced human resources services, to help you retain, nurture and optimize those great new hires, and your entire workforce.
Image via rgbstock: jazza (Jay Simmons)