The cost of a bad hire – 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 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 £19,000

1 in 4 estimate that their bad hire cost them more than £38,000

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!

If you’re looking to expand your team and would like some further information on how Vanilla can support you in making a positive hire, please get in touch.

 

​We recruit throughout the East Midlands covering Leicestershire, Northamptonshire, Rutland and the surrounding areas, especially Market Harborough, Leicester, Corby and Kettering. We help people find their perfect job and match suitable jobseekers with businesses looking to hire the best candidates across our five specialisms – SalesMarketingAccountancy & FinanceHR and Office.