The hiring process is more organized and elaborate now than ever before; and steps involved in hiring have considerably increased. After years of experience on working with bad hires, companies are now realizing the monetary and nonmonetary cost of a ‘mis-hire’ or more bluntly put ‘bad-hire’. Companies have come up with innovative ways to judge the candidates before hiring through hackathons, internships and other internal vetting procedures which will help better understand candidate’s durability, competency and cultural fit in the company. Despite precautions taken by the HR department before hiring candidates, some discrepancy in the hiring process costs dearly to the company. Here are five factors that a hiring manager could consider before recruiting: 1. Do you really need to hire someone for this position. 2. Check internally for project completion. 3. Ask for referrals. 4. Save time by modernizing your hiring methods. 5. Develop your own analytics to gauge top performers.
Unseen Cost of a Bad Hire
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