Hiring a new employee is a time-consuming and expensive process that can make human resource and hiring managers feel pressured to cut corners just to get through it. While the frustration is understandable, simply checking the box is a poor approach. A bad hire ends up costing a company in numerous ways, including lost productivity, lost wages, lost revenue, damage to reputation, and having to go through the hiring process again when that employee quits or gets fired.
Here are a few common signs you are about to make hiring mistakes:
Going with Your Gut
There is a lot of talk about how people should trust their gut and go with their first impression. That might work in other areas of life, but it is rarely a good idea when it comes to hiring an employee. Whether a hiring manager personally likes a job candidate has no bearing on that individual having the right qualifications for the job or fitting into company culture. In the Genomics, Genetics, BioTech and Diagnostics Industries w
Oh my! You have just learned that your job has been eliminated or you’ve been demoted from your current role. This is all too common in the current crisis.
What do you do? First of all, try not to panic.
Downsizing does happen… but not to me, you say? First thing to do is take some deep breaths and move past the denial stage. Try to relax and put together an action plan. Just like anything else in life, you need to start taking steps to better your situation and get what you want.
There are a few “housekeeping” items you have to take care of straight away.
Collect Your Final Paycheck
Make sure that you know when you will receive your last paycheck, and how it will be delivered to you. Some states require employers pay it immediately; others may allow a short time lag. Make sure you get everything that is due to you.
Entitlements could include monies for overtime, back pay, accrued vacation, or sick leave. Talk to the appropriate person in your HR department to learn what y
1. Taking Too Long to Make the Hire
A search for the best candidate in the marketplace should include a sense of urgency. This is especially the case when the market for top talent is a candidate’s market and a candidate has the choice of several top job openings. Here’s a scenario:
A prime candidate is interviewing with four different companies, including yours. All four companies are interested in that candidate.
Now, ask yourself who has more options: the candidate or your company? The answer is obvious. Therefore, it’s imperative that once an A-level applicant has been presented, the hiring process should move along briskly. A sensible timeframe is between two and four weeks. If the process takes any longer the risk of losing that top person to another company rises dramatically.
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According to the results of a study published in Forbes Magazine, 46 percent of new employees in professional positions quit or are fired from their job within the first 18 months. That statistic is alarming enough on its own, especially in this crisis. What is even more surprising is the reason for the failure.
It would be natural to assume the high rate of new hire failure would be due to a lack of professional skills. However, that was only the case 11 percent of the time. The rest did not make the cut due to their attitude. Perhaps even more disheartening, only 19 percent of those who remain in their position are expected to be truly successful at it.
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