Did you know, how important is a good recruitment process?
It´s important to understand the effect that a hire could cause to a company, the next information we share with you, is for you to realize the importance of a good process of recruitment.
According to the LinkedIn Talent Solution web site “A bad hiring decision can cost a company as much as 30% of the employee’s annual salary and the expense only goes up with seniority.”
First we need to understand the situations in which a bad hire are made, and the most common can be a rushed decision to fill the position and that get you as a result an insufficient talent for your company, but in many other cases is hard to identify a reason at all.
A published information from TechRepublic clasificate the reasons of bad hires in the next percentajes. Obteined from: http://www.techrepublic.com/blog/career-management/how- a-bad-hire-affects- a-company/
● Need to fill the job quickly -- 40 %
● Insufficient talent intelligence (knowledge on who target talent is) -- 28 %
● Not sure; sometimes you make a mistake — 24 %
● Sourcing techniques need to be adjusted per open position — 15%
Since it´s difficult to spot a poor performer in your company, the advice we can give you it’s to do the right thing from the beginning and have a good recruitment process, that can give you the guarantees that the candidate that is going to fill the position it´s going to be the best.
"The key to win in the game of hiring"