A bad hire can spell disaster for your company. The financial impact can be significant – it’s estimated that a single bad hire can cause your company to lose 30% or more of the individual’s expected first-year earnings. And it’s not just about money. The drain a bad hire puts on morale cannot be overlooked. Hiring the wrong person can have a ripple effect that lasts for a long time.
So, what is your company to do?
Let’s take a look at how to spot a bad hire before it happens and what you can do to turn a bad hire situation around.
Red Flags to Watch For: Spotting a Bad Hire Before It’s Too Late
You can’t always spot a bad hire ahead of time, but there are some red flags to be aware of to help you avoid the problem. Red flags include:
- They’re short on details. If a candidate’s resume is short on details – and they can’t give more context during interviews – it may be a sign that they aren’t as experienced or knowledgeable in the field as they say they are.
- They don’t own their mistakes. A candidate who seems to pass the blame or talk about others’ mistakes may not turn out to be a good team player.
- They’re too good to be true. If a client seems too good to be true, they might be just that.
The Sooner You Act, the Better: Why Swift Action is Crucial With a Bad Hire
Time is of the essence when dealing with a bad hire. The longer the role is filled with someone who isn’t the right match, the more work gets put off – or done incorrectly. Plus, other team members will begin to be affected by the wrong hire, putting a strain on morale and company culture. The sooner you’re able to address the problem, the better: don’t let it fester until it gets worse.
Fixing a Bad Hire: Strategies for Turning a Disaster Around
Sometimes, you make a bad hire despite your best efforts. What should you do to fix the problem?
If you have the time, budget, and ability, you might consider training or coaching the bad hire to turn them into a better hire. If this isn’t possible, it’s time to terminate the employee and start your search for a better candidate.
Prevent Bad Hires with Proper Screenings
Wish you could prevent bad hires from the beginning? You’re in luck. Contact Metrodata Services, WNY’s premier PBSA-accredited background screening provider. We look forward to helping you make sure you’re hiring the right person, the first time.