When you hire someone who ends up not being the right fit, the costs can be heavy. In today’s highly competitive business environment, the pace of change is rapid-fire and the importance of making informed hiring decisions is paramount. The right staff keeps your company on its toes, keeps your entire team happy and productive, keeps you ahead of the competition, and keeps your company’s reputation strong.
The Cost of a Bad Hire
A recent Northwestern University study placed the average cost of a bad hire at $15,000—with this number increasing along with higher-level roles. Poor hiring decisions lead to reduced productivity, lower quality, project delays, customer dissatisfaction, and revenue loss.
Beyond the financial effects, bad hires can hurt your company in less tangible, but equally or perhaps even more devastating ways:
- Morale suffers. Coworkers feel frustrated, angry, and stressed when they have to cover for a less-than-competent colleague. This can undermine collaboration and create team tension and demotivation.
- Turnover may increase. If the situation doesn’t improve, good talent may look elsewhere for work in what remains a candidate’s job market.
- Your company’s reputation is impacted. Consistently hiring underperforming employees can tarnish your business’s image in your industry and community.
Strategic Staffing Solutions to Mitigate Hiring Risks
Working with a staffing agency can help you take all the right steps to firm up your recruitment process and avoid the costs and risks of hiring mistakes. Among the services your agency can provide are:
- Robust candidate screening: This includes accurate job descriptions, detailed interviews, skill and cultural fit assessments, and application management and review—all of which help ensure that candidates meet all your job requirements before being presented to your hiring team.
- Industry expertise and intel: The agency you partner with should have a deep understanding of your industry and a pulse on relevant developments as they affect staffing plans.
- Streamlining and efficiency: Agencies have a pre-screened pool of candidates ready to fill your openings quickly and seamlessly. And they save you valuable time and money by handling all the legwork involved in recruiting so your team can focus on other business-critical work.
- Compliance management: Staffing agencies ensure that all legal requirements regarding recruitment and employment are met.
- Diversity in hiring: Staffing agencies actively seek talent from diverse backgrounds to avoid unconscious bias in your hiring process.
In essence, your agency can partner with you throughout your hiring process and continue to provide qualified candidates to meet your needs in a timely fashion.
Partner with a Staffing Agency to Minimize Your Risks
In the Central Valley and beyond, you can realize all these benefits and build a lasting relationship with a staffing agency that knows and understands your business and talent management needs by working with PrideStaff Fresno. Our services encompass temporary/contract, temp-to-hire, and direct hire placements in industries including accounting/finance, customer service, healthcare, IT, insurance, sales and marketing, manufacturing, and more.
