There are several consequences of hiring an unqualified candidate, no doubt about that. Hiring managers see an upwards of hundreds of potential candidates for a single job listing. Weeding out all the unqualified candidates is one of the most significant challenges hiring managers encounter. So, what happens when a bad seed gets hired? Here are the top three setbacks your organization should take into consideration.
1. Loss of Company Morale.
It comes at no surprise that hiring a person without the necessary skill set can cause tensions within the workplace. The lack of ability to perform as expected can result in a heavier workload for others, causing unnecessary burnout for those picking up the slack. Patterns of hiring unqualified candidates could raise concerns about the process, resulting in an overall sense of distrust within the company.
2. Damaged Reputation.
The work produced by a less than qualified candidate failing to meet the standards can have a ripple effect on the company’s reputation. A company known for sloppy work is less likely to be recommended by unhappy clients. The loss of current and potential clients due to a bad hire can be detrimental to the growth of the organization.
3. Financial Implications.
Studies show that companies spend an average of $25,000 on an unqualified hire. The amount lost is said to be 20% of that candidate’s salary. Nothing is worse than watching your time and resources go down the drain due to an unqualified hire. Even worse, when it is time to rehire for this position, the company is then going to have to pay the new employee’s salary, resulting in a greater spend in hiring than intended.
Luckily, there are ways to avoid this costly mistake. It is critical to have a clear understanding of the candidate that would be the right fit for your organization. To read more about hiring best practices and ways to improve your own, click here. To speak directly with one of our experts about your specific hiring challenges, be sure to fill out our form here.
