If you think that hiring bad employees can strain a company’s resources, you are partially correct. The effects of a bad hire go beyond the wastage of resources. Bad hire not only puts a tremendous financial burden on the company but demotivates the team and hampers productivity. In this Article learn how to hire good employees
“Bad Hire Is Equal To Losing Money”
According to a US Department of Labor estimate, a bad hire costs at least 30 percent of the employee’s first-year salary. So, imagine hiring an employee at a salary of $80k per year. When this person leaves, you instantly lose about $24k. And here, only one employee’s salary has been calculated. Imagine hiring tens of employees and seeing them go after a few months of non-productivity and other issues; the losses can be huge.
But that’s not it! Think of yourself as a part of the team whose teammates have been fired or let go. How do you think you will remain motivated to work on incomplete projects when you see your teammates going? Not easy. Right?
Therefore, hiring bad employees can result in wasted time and resources, low employee morale, and affect the company’s reputation and productivity. Through this article, we will learn why companies hire the wrong employees and how to avoid hiring bad employees. Let’s read.
Reasons Companies Hire Bad Employees
Poor hiring decisions can come from several reasons. Below is a list of common reasons companies may be hiring the wrong people.
Acting too fast
According to a study, 30% of bad hires are due to pressure to fill a position quickly. There’s a lot of pressure on HR to hire a professional when the company is growing or a specialist for an urgent position. Often, to meet the deadline, the hiring manager fills the position with people who are not suitable for the role or don’t fully match the criteria. Therefore, desperate hiring is the reason mediocre employees make their way into the company.
Not being specific
Most often, the job descriptions are not detailed enough to inform candidates clearly about the requirements. A vague job description attracts lots of unqualified candidates as the person hiring has not provided enough details like essential skills, experience, attitude, and personality traits.
“Three out of five bad hires result from employees who don’t meet the employer’s quality standards.”
Not looking at the right places
There are hundreds of job boards, plus social media websites where job advertisements can be posted. But not every place can give you the ideal candidate. Knowing the places where the best candidates are, and companies are hiring from is essential to reach the top qualifiers.
Not considering cultural fit
Even today, many companies only center their hiring on technical assessments and not on personality and cultural fit. Not assessing the candidates’ personality and behavior properly during the screening process can lead to hires who have attitudinal problems and can’t be trained to fit into the organization.
“One out of ten bad hires either quit or are fired for not fitting into the company’s culture or brand.”
Incompetent interviewers
An interview is essential to identify the candidate’s potential and see if they are the right fit. But how well a candidate is analyzed depends upon the interviewer’s skill. If they don’t know what questions to ask and how to evaluate the candidates fairly, they are more likely to hire candidates not up to the mark. Interviewers’ incompetency can also put off quality candidates and make them look for other options.
Not performing background checks
According to a survey, 66 percent of recruiters agreed candidates give false information in their resumes. To weed out these lies, thorough background checks need to be made. Skipping background check maximize the chances of falling for fake candidates.
Tips To Avoid Fallouts From A Bad Hire
Making hiring mistakes is not uncommon, but what you can do to improve your strategies and avoid hiring bad employees is more important. As the consequences of wrong hiring are huge, hiring the right candidates is important. Here are a few ways to avoid making a bad hire.
Know who your ideal candidate is
You can only narrow down the best candidates when you know who is the right person for the position you are hiring. So, make sure you know the desired characteristics of the potential employee. List the skills, experiences, traits, and qualities you wish to seek by talking to the team managers. Depending upon the position, and role, the skills may vary. Create different job requirements for various positions to articulate the ideal employee profile.
Take time to assess and screen candidates
Rushing to hire cannot give the same results as you want. A study reveals 43% of bad hires resulted from insufficient or no background checks. So, if you want to cut down the bad hires, screen the candidates properly. Take time to perform various background checks and behavioral and technical tests. If you cannot do it yourself, you can turn to professional IT staffing companies to get thoroughly vetted professionals.
Reassess and modify your hiring strategies
No matter how perfect you think your hiring strategies are, you may need to modify and change them according to changes in the job market. For example, if you are looking for a candidate with specialized skills, you may need more advanced strategies and assessment tools to find a quality candidate. It may be possible that you don’t have the team to hire such candidates. At this point, you can consider getting help from staffing companies specializing in hiring.
Carefully choose your sources to attract top talent
You can post the job description on as many job boards and platforms as possible, but will it give you the best results? Most likely, No! Smart recruiters identify places where they can find suitable candidates and reach out to them without wasting their time posting on random job boards.
There are many industry-specific job boards where recruiters can place ads to get suitable candidates. Other ways are social media platforms like LinkedIn, where you can look for candidates based on their skills and expertise. Employee referrals can also help a great deal in finding a candidate who might not be actively looking for a job.
Also, watch: Why Tech Companies choose Synergisticit for their software programmers needs?
Go beyond resume
The biggest reason many hires don’t work out is that recruiters only base their decision on the technical competency of the candidates and believe what they have mentioned in the resume. To know if the candidate is genuine for an organization, you need to go beyond what is written and told to you. A survey reveals 63 percent of employers use reference checks to hire better candidates, while 59 percent of employers use reference checks to avoid bad hires.
Don’t overestimate experience
If you think an experienced candidate will perform well than an inexperienced candidate, you are wrong. You should not equate performance with experience, as even a mediocre employee can have years of experience in the field and may not fit your requirements. In comparison, a fresh candidate can perform with more zeal and enthusiasm and potentially be a great employee.
Also, read: Experienced Candidates vs Fresh Candidates
Dig deeper into the details
Many candidates lie about their experience, qualifications, and even references. To find out if the information provided in the resume is right or not, it’s essential to dig deeper and look for any gaps and discrepancies. An experienced recruiting agency can make a lot of difference in filtering out candidates who have beefed up their resumes with fake experience and skills through aptitude and skills tests and performing background checks.
Watch out for red flags
Don’t be in a rush to hire, as there are many ways you can identify if a candidate is not good. Some of the warning signs of a bad hire are:
- Turning up late for the interview
- Not asking any relevant questions related to the company or position
- Showing overconfidence and boasting about skills
- Unprepared for the interview/vague response
- Can’t adapt to any changes
- Unpleasant personality/behavior
- Unsteady work history/job hopper
- Too good to be true
- Too demanding
- Shady online profile
- Speaking ill about past employers
How Can SynergisticIT Help Save You From A Bad Hire?
Remember, finding the right candidate is a lot of work. And not to forget, it requires hiring expertise, industry knowledge and familiarity, and access to various recruiting tools. All this can be difficult to achieve with an in-house HR team as they may know how to hire, but when it comes to hiring specialized IT talent, their expertise may not be adequate.
When you reach out to SynergisticIT, you get professional help from certified recruiters with deep industry knowledge. As it is a mix of software development/tech upskill and staffing firm, it takes the best of each to provide candidates who have already been tech up skilled on the technologies in demand in the industry.
Find suitable match
Since not all job positions are the same, our recruiting specialists first assess the client’s needs and then provide certified and trained candidates to help you pick the best match on the very first attempt.
Find qualified candidates faster
We have a pool of pre-screened, qualified candidates, who we assess on the skill requirement of the client as well as matching the industry standards for the position. The rating we give each candidate on their skills, expertise, attitude, teamwork, and communication helps evaluate the candidate in tangible terms.
Tested and verified candidates
Due to our years of recruiting experience, we know which candidates can turn out to be bad hires. Our candidates undergo multiple levels of tech, behavioral, and coding screenings and assessments before they even reach the client. Our eye for detail and thorough background checks helps save a lot of time and money, which gets wasted in onboarding unqualified candidates.
Proven to perform
Most staffing companies have no idea of the skill level of their candidates but not SynergisticIT. The candidates have been with us for six months and more and are working on various projects. They are proven to perform, and 70% of our candidates the client reach leadership roles within 9-10 months of joint the client once they join. With our help, you can avoid hiring people who may not perform.
Technically upskilled and certified candidates
We keep ourselves up-to-date with emerging technology, helping our client meet their emerging technology needs through training and technology upskill programs for the candidates. Our candidates are competent, technically upskilled, and have the latest industry certifications in Oracle Java, Data Science, AWS, Azure, SAS, Tableau, and other technologies. This means our candidates can hit the ground from day one.
Cheaper and more reliable candidates
As most of our candidates are at the beginning of their careers, they are more reliable and stable than experienced candidates who might not be willing to put in as much effort as the fresh candidates. They also don’t hop jobs as much as the experienced candidates, as it might reflect poorly on their resumes.
Whether you need help creating a job description, sorting through the resume, or technically training your current team, SynergisticIT can help you at every step. They know how to find candidates that meet all criteria, technical and non-technical.
Conclusion
A bad hire costs time and money and can dent a team’s morale, so you must take every step possible to avoid it. So, consider hiring a staffing company to avoid making a bad hire. Working with a staffing company can help you make a smart and informed decision through its expertise and expertise, access to pre-screened candidates, stringent assessment, and interview policies. They will find the best possible candidates for your open positions and provide insight into the job market.
Operational since 2010, SynergisticIT is a top-notch IT upskill, staffing, and software services provider for direct, contract-to-hire, permanent hire, and temp-to-hire positions. It has an incredible team of recruiters who use the latest tools and recruiting practices to help deal with your unique staffing requirements. It can pre-board candidates as per the client’s needs so they perform from day one with minimum downtime. The 45 days performance warranty ensures quality hire, and in case you are unsatisfied, you can find another candidate without any charge. Reach out to us. SynergisticIT- Home of the best Data Scientists and Software Programmers in the Bay Area!!