The True Cost of a Bad Employee and How to Prevent Hiring One
The true costs of an awful worker can never be accurately measured, as he/she can ultimately ruin the growth of your company. Read this article to learn how much influence a bad hire can make and what you can do to spot one.
Facts and Numbers
According to surveyed companies, a bad hire in the past year has cost:
41% of companies over $25,000
25% of companies over $50,000
Other costs that companies have reportedly incurred from bad employees are:
41% - Lost Worker Productivity
40% - Time Lost to Hire and Train a New Worker
37% - Expenses from Recruiting and Training New Workers
36% - Harmful Influence on Employee Morale
22% - Harmful Impact on Client Solutions
Why Bad Employees Are Hired
38% - A position needed to be filled quickly
34% - “It just didn’t work out”
21% - The company didn’t make any proper assessments before hiring
11% - The company didn’t check the references of the employee
How to Spot a Bad Employee
A bad hire will usually carry a negative attitude and will not produce quality results. Some other things to watch out for are that he/she will not work will with other employees and will often show up late or not at all.
Way to Make Sure You Have Hired the Right Employees
Have Great Interviews and Ask the Right Questions
Check The References of Potential Employees
Motivate Your Employee from Day One
There is no sure fire way to prevent yourself from hiring a bad employee, but the tips above will hopefully prevent you from having a “nightmare” one. Make sure that you notice the signs from the very beginning and know that the decision to keep an unmotivated and difficult employee is a costly one.