This One Mistake Could Cost You 17 Weeks

How a bad hire could set your business back for months
By Tina Hamilton, PHR, President and CEO of myHR Partner, Inc.
 
As the owner of an HR outsourcing firm, I get asked on occasion about what is the one piece of advice I think just about all companies should know when it comes to hiring practices. While there are quite a few things you can probably do differently to attract talent to join your organization, there is one bit of advice that is just about universal to companies everywhere, and I’m more than happy to share it. Here it is:
 
SLOW DOWN!
 
Just two words, that’s my big hiring tip for employers everywhere. This simple advice can be easy to forget in the heat of the moment& when you need that empty position filled yesterday and you’re stressed out about how your workforce is going to get things done in the meantime. But foregoing sound decision-making for speed can be a monumental blunder, especially since subsequent hiring mistakes that come from rush decisions may lead to chaos within your workforce that isn’t quick to remedy.
 
Got one-third of a year to waste?
Need proof that one bad hire can wreak havoc on your small or midsized business? We’ve got some for you, by way of an eye-opening survey conducted by the staffing firm Robert Half International. The survey reports not only that 8 out of 10 business owners and HR professionals in small and midsized businesses said they have made a bad hire, but that such hiring mistakes took as much as 17 weeks to recover from by those companies.
 
That is way too much time and money wasted. Of course, that wasn’t the intent of the people doing the hiring. So where did they go wrong? In several key areas, according to following bit of research on the blog Business Management DailySeveral factors complicate hiring in smaller organizations, according to Paul McDonald, senior executive director at Robert Half. “Some firms lack dedicated recruiting staff or a human resources function altogether,” he said. “Multiple demands on a business owner’s time al­­­so can pull attention away from re­­cruiting and cause it to fall to the last priority.” That lack of capacity explains why it often takes so long to replace a bad hire.
 
Consider these timeframes:
•   58% of small business owners said it took less than a month to realize they made a bad hiring decision
•   However, it took an average of 8.8 weeks to let the person go
•   Nearly five more weeks passed before a replacement started working
•   68% of businesses put the workload on existing staff during this time.
 
Don’t rush to hire just anybody
Hiring is so important to do right, yet all too often, employers or hiring managers find themselves too caught up in the immediate worries about filling a position that they don’t give enough consideration to the long-term effect that a particular new hire will have. So how do you avoid making emotional decisions in the heat of the moment under these kinds of conditions? You have to take a step back (force yourself to, if need be) and really think through what your company needs, what constitutes a good fit into the team and what it takes to vet every candidate properly.
 
These things can go a long way in preventing a bad hire, and all the headaches that come with it.
 
About myHR Partner
myHR Partner is a human resources outsourcing company that manages all or some of your HR processes and projects so you can spend more time doing important things –like actually running your organization. Their skilled and highly trained HR team is ready to bring their knowledge and talents to you as they become fully integrated into your organization’s culture. myHR Partner performs the HR work and manages the HR processes. You consider it handled. Their goal is to make HR work for you, instead of against you.

Tags: