Hiring the right employee is a challenging process. Your organization can be directly affected both positively and negatively by your decision. That is why hiring the right employee the first time is so important.
It is better to spend a little extra time now than to have to go through this whole process again in a few months. Remember the old adage “penny wise, pound foolish.”
Hiring the right employee can pay you back with a positive impact on your work environment. The right employee will not only fit into your business but will actually re-energize the people he works around. A new employee who is enthusiastic about having the job becomes contagious. Suddenly your old employees see the fun and excitement in their jobs again.
Your new employee can spur increased productivity at your business.
Can the new employee see a better way to do a job? Can they see ways to speed up a process? Perhaps they will even bring in new business that has been untapped by your current staff. Hiring the right new employee offers the opportunity to improve productivity.
Your new employee may bring you the ability to accomplish challenging goals. They bring a new skill set. They bring enthusiasm for the job. They can even improve the overall attitude of the organization. What new goals could be achieved? Increased sales? More face-to-face contact with clients? A new product line? Hiring the right employee can make this all happen.
Hiring the wrong employee is expensive.
First you have the direct cost such as recruiting or advertising costs. You also have the direct time it takes to collect resumes and interview the applicants. But these costs, while important, don’t even touch the tip of the iceberg when it comes to the real cost of hiring the wrong employee.
Perhaps the most costly part of hiring the wrong employee is the sabotaging of current employee morale. The direct cost in lack of productivity can be devastating.
What happens if the new employee begins talking about all the negatives they perceive about their new workplace? Your current employees start to think about it and begin to have the same attitude. Suddenly production quotas are not met or sales people aren’t going full force. The costs of this happening are major compared to the actual dollar cost involved in the hiring process.
Hiring the right employee enhances your work culture and pays you back a thousand times over in high employee morale. Hiring the wrong employee is extra time consuming and costly in many ways. The whole hiring process must start again with all the extra expense that pertains to it.
Make it your goal to hire the right person the first time.
For no-cost assistance with developing a hiring process to increase the success of your hiring efforts, please contact your local Small Business Development Center (SBDC).