Every company has experienced this scenario: You hire a new employee who looks good on paper, and aces the interview. You have high expectations for this person, but your new hire just doesn’t work out, for whatever reason, and you must terminate the employee.
CareerBuilder reported on a recent study they conducted regarding the true cost of a ‘bad’ hire (read the article - “What Bad Hires Really Cost Companies”). The top reasons cited for the bad hires include:
- Low quality of work (67%)
- Not working well with other team members (60%)
- Negative attitude (59%)
- Attendance (54%).
So what does the bad hire truly cost to the business? According to CareerBuilder, around 69 percent of employers in the survey claimed to have been negatively impacted by a bad hire in 2012, with a majority of respondents estimating the bad hire costing between $25,000 and $50,000 or more. This price resulted from lost productivity, negative employee and client morale, and time and cost to recruit and train a replacement, among other reasons.
What causes an employer to make a bad hire? The study cited that employers may have needed to fill the job quickly and rushed through the hiring process. Other top reasons included lack of talent intelligence and sourcing techniques – both of which could have been avoided if the company would had used a recruiting firm.
At That’s Good HR, we screen and interview candidates daily, so we have the expertise to determine whether a person is a good fit for the position and the company. And with our full pool of qualified job candidates, we are likely to have a greater selection of candidates with the qualifications your company seeks.
While there’s no guarantee that every hire can be the perfect hire, with the help of an Indianapolis recruiter like That’s Good HR, you can reduce your risk.
As Indianapolis temporary staffing specialists, we recruit job candidates for several popular temporary job categories. In fact, That’s Good HR is a temporary staffing specialist in several job categories, including:
Social media has become more important in the recruiting effort: More college graduates are using social media to search for jobs and bolster their online profiles. Similarly, recruiters and hiring managers continue to use social media to search for candidates and promote job openings.
We have noticed that our clients are always looking for sharp, recent graduates that are ready to get their feet wet and work hard! So the team at That's good HR has been out and about this winter, meeting potiential candidates at several Indiana career fairs.
While we can’t promise a perfect job fit every time, our Indianapolis recruiting team has a process that helps us narrow the field and arrive at a better qualified hire. Here are some of the methods we apply in our candidate searches:
Staffing Industry Analysts released a jobs market report this past month from the U.S. Bureau of Labor Statistics’ Current Employment Statistics program*. The results are in – and they are positive for the Central Indiana job market.
As many of you know by now, my husband is a Police Officer and has been for 28 years. While on my way to work this week, I saw him pull over a vehicle which I was pretty certain had just run a red light. When I pulled up to the roundabout, I had to stop at the intersection and watch what was transpiring in front of me. He had his red and blue lights flashing but the car didn’t pull over right away and ended up driving to the next intersection, making a right turn and then pulling over on a two lane road. Once I was convinced that the vehicle had actually stopped and wasn’t trying to run, I continued my drive to work. I had to shake my head because I had observed this situation many times with him before. Essentially what happened is that instead of the driver pulling over when he turned on his lights (which was on the four lane road), the driver continued until she found a place that SHE felt was better suited for him to get out of his vehicle. I was also very aware of the earful that she was about to receive when he walked up to her vehicle and I am sure it went something like this, “When I turn on my lights, I expect you to pull over immediately. I know the place that is the safest for us both to pull our cars over.” Many people do exactly what she did. They wait to pull over until they find a spot they fell is best rather than pulling over ASAP after seeing the flashing lights.
We thought it might be helpful for those of you who have never worked with a recruiter and may be considering hiring one for an open position, to learn a little bit more about our process. So we’d like to answer a few questions about how our recruiting firm works:
Without a single measurement of the number of individuals working on a contingency basis (The U.S. Department of Labor stopped tracking this figure in 2005 due to budget cuts), we can only speculate that the number is growing, based on the prevalence of temporary, contract and freelance positions available on job boards and the growth of the temporary staffing industry in Indiana and the United States.
That’s Good HR will be a participating employer at a number of career fairs and events over the next month, where we will be actively seeking candidates in the accounting/finance, HR and administrative sectors. If you are a prospective candidate, please bring a copy of your current résumé. We’d love to learn more about you and become a resource for you in your job search. If you are an Indianapolis company looking to fill corporate-level positions, come and network with us!