Bad hire affects on your company

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%
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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"

​There are some tips you can follow that work in most of the recruitment process to identify poor performers and avoid bad hires.

The response level of the candidate it´s very important, if he is interested from the start and has a positive attitude is a great sing that the candidate is excited to be in your company. But first for you to get that kind of response with your candidates you need to sell the position as good as it gets by establishing all the information of the position and be sure that the candidate doesn´t had any doubts.

Some incentives you can provide to attract good talent can be good work ambience, work benefits and opportunity of development in the company, that are thing that the best candidates look for.
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So the next time you´re looking for a new employee take a look a some of this points and remember to give the importance it needs to the recruitment process.

Mario Sosa

Account Manager Jr

My professional sight is to develop myself into a company in which I can collaborate efficiently and successful with the objectives of the company, my interests are marketing, the commercial area and the strategic planning.
I am very responsible, dynamic, inquisitive, observator, creative and an entrepreneur with leadership. I like to develop projects, work in teams and I have interest on using technological tools to improve my results.

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