When it comes to recruitment, the wrong hire can be a frustrating setback, costing your company precious time and money – but what does a bad hire cost?
In fact, a report by the REC concluded that the cost of a bad hire at mid-manager level with a salary of £42,000 can lose a business in excess of £132,000.
That is a daunting statistic when you consider that this more than triples expenses.
This is, however, only the tip of the iceberg.
An incompetent employee can be detrimental to the image of your organisation.
Having such an individual in a customer facing role can irreversibly tarnish the reputation of your company, earning you bad reviews from disgruntled customers, whilst substandard conduct syphons workforce morale.
Any business would, of course, wish to avoid this scenario at all costs.
Luckily, steps can be taken to optimise your recruiting process and avoid a multitude of issues.
One way this can be achieved is to involve a recruitment agency who can invest the time and tools to help ensure the right candidate is hired for the job.
Utilising an expert recruitment business can also help with the following:
Save valuable time
Perhaps the most precious resource in any business, the legwork and countless hours of administrative procedures required to process even a single applicant can be a nuisance resulting in a prolonged drain on resources.
This can be particularly troublesome for a small business.
As well as nullifying this, a recruitment agency will be infinitely more capable when it comes to sourcing you the perfect hire.
This is because they already have a rich arsenal of potential applicants who have already been scouted from all imaginable sectors, which they will be poised to supply you with.
Think of it as a diverse box of chocolates, with multiple varieties that are perfectly tailored to your requirements!
Give yourself peace of mind
How many times have you taken on a promising candidate, only to receive a nightmare employee?
Thankfully, the vast candidate pool a recruitment agency can provide will ensure you receive only the highest skilled applicants possible all of whom have been thoroughly examined on your behalf to verify their credibility, and suitability for your role.
With their vast experience in this field, you can be confident that any bad eggs will have been filtered out long before an applicant is even introduced to your company, bypassing recruiting an unsuitable candidate.
Specialist knowledge
Due to their experience with such a large and varied number of applicants, recruitment agencies can offer you a wealth of specialist information into specific areas of the job market.
This means that as well as receiving the best possible applicants, you’ll be equipped for the future with exclusive insight into the recruitment process – something invaluable to your business when scouting for employees in the future, whichever route you decide to take.
Are you looking for help with your next hire?
Astute has more than 15 years of experience recruiting across the power, nuclear and renewables sectors.
Contact Astute People today to learn how we can help you avoid the costly impact of a bad hire.
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