The Staggering Cost of a Bad Hire

THE DAILY MUSE EDITOR | May 5, 2016

article image
Hiring isn't easy. And so, when a position has been open for a few months and things are getting tight, it can be tempting to hire someone who's just an OK fit, someone who's a bit underqualified, or—if you're desperate enough to fill the role—the first person who doesn't completely bomb the interview. The problem is, hiring someone who's not quite right for the job can have some pretty drastic consequences—on you, your company culture, and the rest of your team. To show you just how big of an impact a bad hire can have on your business, check out this infographic.

Spotlight

Ball and Hoolahan-The Marketing Recruitment Consultants

At Ball and Hoolahan, we are experts in marketing recruitment consultancy. Established since 1988, we have built strong relationships with the most talented marketers in the industry, and with many of the UK's leading consumer brands. Our teams focus on senior, middle and junior level roles predominantly across FMCG, but also across a diverse range of sectors including consumer, retail, professional services, technology, leisure, media & entertainment, utilities and publishing.

OTHER ARTICLES

24 HR Metrics that can Make a Difference in Your Business Today

Article | March 23, 2020

How do you quantify the costs and impact of employee programs and HR processes? By using Human Resource metrics. Employing human resource metrics in your business is a great way to measure the progress of your HR actions. It can uncover your business’ strengths as well as its vulnerabilities giving you much-needed information on areas that need focus, improvements, and capitalization. HR metrics are priceless and most modern HR programs can help you seamlessly integrate these into your day to day HR functions.

Read More

Breath & Body Work as Anti-Racism Practice

Article | June 12, 2020

In reflecting on the power of breath work and body work as anti-racism practice, Living Cities staff member Lethy Liriano said, “I think that bringing meditation to white institutional cultures is a great step towards humanizing work spaces (which are microcosms of our society). Connecting to feelings and humanity is often considered unprofessional in the work environment, so modeling a connection to self during meetings begins to shift that belief and the culture of numbing staff (especially staff of color) emotions, experiences, and quite frankly, expertise. Breathing and meditation is a tangible manifestation of bringing the full person into the space. As folks are thinking about what actions they can take to support the Movement for Black Lives or the current racialized climate in our nation and globally, lifting up this practice in the work space can support those who historically have only experienced white institutional culture to reflect inwardly and deepen their own humanity, which can impact how they show up in the world, within and outside of the work space.

Read More

How To Design An Effective Employee Onboarding Experience With An LXP

Article | March 10, 2020

Successful onboarding is the key to getting new employees off to the right start. Get it right and your investment in talent pays off. Get it wrong and you risk losing people you just hired. An LXP can enhance the onboarding experience of new employees, but you need to make sure you use it effectively. Studies show how good onboarding can make the difference between new hires staying and not. But often onboarding is simply ineffectual—no more than a box-ticking exercise. But badly handled it can make a new employee feel isolated.

Read More

The socially responsible business: using technology ethically

Article | February 27, 2020

In the race to keep pace with – or get ahead – of their competitors, organisations’ use of technology is accelerating rapidly. A recent survey found that 44% of businesses plan to increase their technology spending in 2020. Consumers, on the other hand, are growing more wary of ‘big tech’. High profile data leaks and scandals such as the one involving Cambridge Analytica mean that more people are thinking twice before offering up their digital information. So why aren’t businesses more concerned.

Read More

Spotlight

Ball and Hoolahan-The Marketing Recruitment Consultants

At Ball and Hoolahan, we are experts in marketing recruitment consultancy. Established since 1988, we have built strong relationships with the most talented marketers in the industry, and with many of the UK's leading consumer brands. Our teams focus on senior, middle and junior level roles predominantly across FMCG, but also across a diverse range of sectors including consumer, retail, professional services, technology, leisure, media & entertainment, utilities and publishing.

Events