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June 5 2015

Bad Hires Incurring Significant Costs For Businesses

HR professionals are finding it tough to hire capable employees, with one in 10 new recruits regarded as a 'poor hiring decision ' according to research by Robert Half UK. The recruitment specialists ' new report, Management Insights: How to avoid common hiring mistakes, found that the costs associated with bad hires can have a significant impact on a business, with HR directors reporting that the main problems include a loss of productivity (52%), a reduction in staff morale (30%) and substantial financial ramifications from salaries, training and loss of performance. In the study of over 200 HR executives 70 percent revealed that they had hired someone who did not meet their expectations, and 91 percent reported identifying skilled workers a challenge.
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