The cost of a bad hire is not simply in monetary value, it can have a significant impact on many elements of your business including the:

Investment of your time in the recruitment
To follow a proper recruitment process does take time, taking you away from the day to day running of your business. From crafting the job advertisement and job description, to the application, shortlisting and interviewing process is all time from your day.

The qualifying and checking, negotiating and offering to an applicant is further time. To ensure your time is effective, you ideally only want to manage this recruitment process once.

Investment of your time in the training
The onboarding of your new hire can include training in your systems, processes and business practices.  If an individual proves to be incapable or ineffective in learning your business, this could have a negative flow-on effect to the smooth running and effectiveness of your business objectives.

Cost to set up new employee 
This may be providing your new hire with a uniform/protective clothing or other items relevant in their role such as phone, laptop, car etc. There is also an investment in marketing the person, whether it be including them on your website or setting them up with an email, phone and business cards.

Impact on team morale and working environment
A bad hire can disrupt the morale and productivity of your existing team and damage a cohesive working environment.

Impact on customers and clients

A bad hire can negatively impact your customers and clients which in turn can negatively reflect upon your business reputation.

Time/cost in managing out a bad employee
Performance management of your bad hire takes time, and additional costs may be incurred to release them from their contract and terminate their employment. You may require colleagues in your business to become involved in the performance management, impacting their time at a further cost to your business.

Cost of readvertising and recruiting the role
A need/vacancy remains within your business, and re-recruiting for the role puts you back to square one as you prepare to go through the recruitment process again.

The moral of this story is the most effective solution is to engage the professionals for your next recruitment. As your local recruitment agency with 140+ years of combined experience we have the proven recruitment systems and strategies to minimise the risk of a bad hire within your business. Our permanent recruitment strategies come with a 3-month guarantee. Our Recruitment Specialists have the time, knowledge and infrastructure to manage your recruitment effectively and efficiently, positioning you in a favourable light to potential employees, taking into consideration the impact on your existing team and streamlining the process for you.

Avoid a bad hire. Get in touch with me to learn more about why engaging PN Personnel for your next recruitment is a positive investment for your business.