The recruiting teams at every organization are working hard, spending their time and resources to fill the position with the right candidate. They spend weeks advertising the job, short-listing the resumes, conducting interviews, and then onboarding the candidate.
However, at a point, you realize that the candidate is not the right fit for the organization. From affecting the bottom line of the organization to financial consequences, the impact could go far beyond. While there is always a risk when you hire a new candidate, a background screening policy can help you mitigate these risks.
Why is it important to hire the best?
Whether it is money, time, or resources, the recruiting and hiring team spends a lot of their time when they hire. You have to deal with the damage the wrong hire may cause to your organization. You may lose your deal when your wrong employee interacts with the client. It does not end here, the cost of a bad hire is a lot more than this.
In the long run, it even becomes difficult for the managers and other employees to accommodate a candidate who is unable to perform. Therefore, investing in the quality candidate is the key to run a successful organization.
The cost of hiring wrong
A bad hire mistake can surely be avoided. Sometimes even the candidates having a great resume and interview may not be the right fit. The wrong hiring mistakes can cause serious issues for the organization's and includes:
1. Decreased Productivity
If the resume is a fraud, the candidate may not be able to do the job for the role you are hiring them for. Over some time this could have a huge impact on the overall performance of the team as well. Other employees would have to work much harder to fulfill the targets as well as the deadlines.
The struggle the employees face can impact their performances, leads to a decreased productivity at the workplace.
2. Leads to cultural imbalance
The culture of the team could be spoiled because of the one single reason that other members can not add value to the team. This could have an impact on the entire workforce. To ensure the new hire would be able to fit in your company culture, you must conduct a background check to know about employee retention.
3. Employee morale can take a hit
If you hire the wrong candidate, it is obvious that due to a lack of skills, talent, and experience the candidate would not be able to perform. This can have a quick impact on the rest of the workforce. And one most affected thing is the staff morale. Other employees would have to cover their work as well as the employee with a lower capacity at the same salary, which could cause a conflict.
A bad hire therefore can disrupt the environment of the office if they are unable to fit in the existing team. Other employees stop enjoying their work and there are fewer chances for them to stay for longer with the organization.
4. Re-Hiring Costs
It is both times and cost you have spent on hiring the employees and then replace them. The recruiting team works hard to create the job description, CV finalizing, making calls, and a lot more. Even after the joining, you spend on onboarding.
A bad hire can damage your relationship with the customers and clients if not treated well. Once the relationship is spoiled, it is not an easy task to build it again. Therefore, organizations need to ensure that employees representing their business can enhance its reputation and profitability.
Ensure you hire right candidate every time
All of this could lead to chaos in your organization. Do you wonder how to avoid a bad hire? Pre-Employment Background checks for every employee you hire would help you determine the right fit for the organization.
Are you looking for a professional and experienced background check company that would help your organization to run the operations in a streamlined manner? Talk to EmployeePast, we have been helping organizations for a long time to help them hire the right candidate.