The cost of a bad hire – Time to start breaking bad habits
You have a vacancy in your company and you need to fill it fast. However, putting the wrong person in the position could end up costing more than you realise. Learn just how much that bad hire costs…
We’ve used our considerable recruitment experience, conducted research and collated a lot of data to put together this really useful recruitment information. It highlights what the true costs to your business would be if you were to take on a bad hire.
It’s eye-opening to see the numbers, and with how competitive business is these days it’s more important than ever that the entire recruitment process be done properly to secure the best new team member, avoid unnecessary delays and safeguard your business from the costly mistake of a bad hire.
Here’s our great infographic about the pitfalls of taking on the wrong recruit:
The cost of a bad hire
- Cost of recruiting and interviews = 5%
- Cost of training and orientation = 1%
- Cost of salary and other benefits = 15%
- Cost of increased work for others = 16%
- Cost of potential lost business = 24%
- Cost of dismissal from employment = 39%
41% of companies estimate that a bad hire costs more than £26,000
1 in 4 estimate that their bad hire cost them more than £45,000
Avoid the costly recruitment mistakes
As you’ll no doubt know, recruitment can be a huge thing for many businesses and can also be extremely costly if it isn’t done properly. There’s no magic formula for totally avoiding a bad hire. But, with Vanilla in your corner we can help protect you and your business from making an expensive mistake.
So, the moral of the story is that at Vanilla, we can help with the entire recruitment process throughout the whole recruitment journey and therefore avoid this situation arising.
We will definitely have the right solution for you!
Recruiting with us is simple and painless
We are proud to be an independent recruitment agency because it gives us the flexibility to form a true partnership with you. Across our five niche recruitment specialisms, our unified team are committed to getting you the results you need.
We are experts in matching the right candidates with the right businesses. We will work hard to understand your culture, needs and requirements, and we will only send you candidate details if we see a real fit being possible.
So, if you are looking for great talent across any of our specialisms within the East Midlands, please fill in the form below and we’ll get back to you straight away. Alternatively get in touch with us on 01858 898 058 or email [email protected] to discuss your recruitment needs.
Other pages of interest
For more useful information, news and resources feel free to look around our website and in particular our Client and Candidate pages including Client Journey, Candidate Journey, Training Courses, Case Studies, Client Resources, Candidate Resources and our regularly updated Blog.
We recruit throughout the East Midlands covering Leicestershire, Northamptonshire, Rutland and the surrounding areas, especially Market Harborough, Lutterworth, Leicester, Corby and Kettering. We help people find their perfect job and match suitable job seekers with businesses looking to hire the best candidates across our five specialisms – Sales, Marketing, Accountancy & Finance, HR and Office