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The Costs of a Bad Hire

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Poor hires do more than drain your time and energy -- they disrupt your business in multiple ways. The effects can be even greater for small and midsize companies. Learn the true costs of a bad hire and how you can avoid making one.

Published in: Recruiting & HR
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The Costs of a Bad Hire

  1. 1. © 2016 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. roberthalf.com 1.855.993.2469 of small business owners have made a wrong hire Poor hires do more than drain your time and energy – they disrupt your business in multiple ways. The effects can be even greater for small companies. $ $ $ $ $ $ $$ $ $ THE COSTS OF A BAD HIRE CAN BE BIG FOR SMALL AND MIDSIZE BUSINESSES of small business owners have settled for a candidate who was not as qualified as they would have liked 56% 62%
  2. 2. © 2016 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. roberthalf.com 1.855.993.2469 LOST TIME YOU CAN’T GET BACK estimate wasting more than 50 hours hiring the wrong person of small business owners who have hired the wrong person experienced a loss of time 34% 69% Source: Monster.com
  3. 3. © 2016 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. roberthalf.com 1.855.993.2469 OTHER IMPACTS OF A BAD HIRE Source: Monster.comSource: Robert Half The biggest impacts of a bad hiring decision are lower staff morale (38%), lost productivity (36%) and monetary cost (25%)* Frustrated Stressed Discouraged Small business owners who have hired the wrong person before feel: 36%47%73% * According to CFOs at companies with 20 to 49 employees
  4. 4. © 2016 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. roberthalf.com 1.855.993.2469 of small business owners say the hiring process is time-consuming wish they had help finding the right person for the job are currently hiring an outside service to help them recruit ?? ? ? 89% 61% 11% USE TIME WISELY TO AVOID BAD HIRES Source: Monster.com The bottom line? Bad hires can happen to even the best small and midsize companies. But there are ways to reduce the chances of getting burned or losing out on good candidates by moving too slowly.
  5. 5. © 2016 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. roberthalf.com 1.855.993.2469 For advice and resources that can help take the pain out of hiring, visit roberthalf.com/smb.

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