Wednesday, January 20, 2010

Hiring Top Talent Means More Profit, A Bad Hire Is Worse

If the company hires top talented candidate for the position, that person will performs well, contributes well, gives more productivity and also gives profits to the company. But the wrong person costs plenty. According to Harvard Business Review, bad hiring decisions result into 80 percent of turnover.

The bad hiring decision of the company costs so much of money. The wrong person will also decrease the productivity and it is loss to the organization. Not only the money but also it wastes the organization time also on giving training to wrong persons. So the recruiters and organization also should take care, while making the hiring decision.

Hiring top talent will gives more profit and a bad hire gives loss and it is also worse. To avoid bad hire it is important to assess the candidate skills, behavior, abilities, and job related skills, in the interviewing process itself before making the hiring decision. The reference checks and background checks plays major role to know more facts about the candidate, when making the hiring decision.

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