With a constant focus on innovation, businesses are changing and moving faster than ever – making employees their most valuable asset. Through growing workforce demands, it is critical for companies to find an employee that is the right fit the first time around. At this year's annual SHRM conference, Aerotek surveyed more than 250 human resource professionals to understand the impact that a bad hire has on an organization.
Time to Recruit and Train a New Employee
Most respondents (38 percent) identified the time to recruit and train a new employee as the biggest impact of a bad hire. The January 2013 issue of The Quarterly Journal of Economics showed the average time to fill a position rose to 23 days in December 2012 compared to a low of 15.4 days in July 2009. In addition to the length of time that open positions go unfilled, the time it takes to find new employees, hire them and get them to a productive stage takes away from other day-to-day responsibilities.
In order to remain competitive in any given industry, companies have to work more efficiently than ever before. Nearly 24 percent of respondents reported that the biggest impact of a bad hire is its effect on productivity. A bad hire can cause lags or mistakes within their position and responsibilities, hindering a company from keeping up with business demands.
Diminished productivity or attrition caused by bad hires can strain a company's most important resource, its existing valued employees. In fact, 22 percent of respondents identified employee morale as the biggest impact of a bad hire. With a bad hire, talented employees may be stretched to take on roles and projects outside of their scope. Although these employees might be able and willing, increasing workloads can ultimately cause added stress and take away from their core duties.
Finding the Perfect Fit
To eliminate the chances and the negative impact that they can have on your business, companies are beginning to broaden their resources. Partnering with a staffing company can help you meet growing business demands by providing workforce flexibility to maintain operations at an optimal level.
A great staffing company will work with organizations to fully understand their hiring goals and talent needs. Finding the right employee involves a dedicated team with industry-specific knowledge who perform a full assessment of each role's responsibilities and qualifications, as well as an understanding of the company culture. A thorough screening of talent ensures that candidates are the perfect fit for both the open position and the organization.
A cost-efficient and time-saving solution, staffing companies streamline the staffing process, helping recruit workers with the required qualifications to be successful right out of the gate. Organizations should quickly see an improvement in productivity and a return on the investment made in the selection process. A staffing company will continually monitor each employee's performance and progress once they are hired to ensure continued success.