The Incredible Cost of a Bad Hire I
- Topics:
- Interviews,
- Recruitment
- Tags:
- Hiring,
- Human Resources,
- Recruiters,
- Recruiting,
- Recruiting Cost,
- Recruitment & Selection,
- Workforce Management
- Source:
- Electronic Recruiting Exchange
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Overview: Recruiting costs are like the weather; everyone talks about them, but no one does anything. Most people don't realize recruiting costs are more than the cost of acquisition or cost of turnover; they are also deeply hidden in the cost of variable productivity. These are basically due to bad hiring practices. Bad, because any conscientious recruiter who follows up on his or her placements would find that, despite all these efforts, about half of new hires turn out to be low performers. Recruiters are supposed to be the hiring experts. Their job is to forward highly qualified candidates to managers for a final "chemistry check." Bad hiring would definitely have a bad impact upon the company as well as on the recruiter. By this the organization would loose the best employees. Thus, recruiters screen in and screen out employees. Stone-age hiring tools are like defective sieves: they allow too many impurities to pass through unchecked.
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Format: HTML | Date: Oct 2001 | Pages: 1
