When people are your biggest asset, it’s so disappointing when you get them wrong. It drains resources, is time consuming and stressful.
Doing your due diligence on candidates, in an effective way, before hiring them, is absolutely essential if you want to avoid heart sinking mistakes. I liken the process of recruiting someone to buying a house. Here’s my analogy.
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When people are your biggest asset, it’s so disappointing when you get them wrong. It drains resources, is time consuming and stressful.
The cost of hiring the wrong person is generally calculated to be 30% of first year salary plus the more intangible costs of reduced productivity, team morale, training, rehiring etc. What a waste. The smart first step to hiring a new team member is working out what the requirements for a job are, and which related skills and attributes candidates must possess to be successful.
But don’t get carried away |
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