No business owner wants to hire the wrong person for a job. Not only because they'll need to find a replacement candidate but also because making a bad hire drains energy, time and can cost a business in many ways. Recruitment agencies enable business owners to skip the hassle, save time, save money and employ the perfect candidate.

Productivity Costs:

Any time spent training and retraining the wrong candidate is a waste of time for their fellow colleagues, bosses and in the end the business will suffer. Productivity rates will begin to fall and money being made will diminish. The cost of replacing an employee is estimated to be around one-fifth of their salary, so those costs mount quickly. But the consequences of a wrong hire go beyond turnover costs; there are also costs associated with a disrupted company culture, decreased work production, and potential loss of customers and revenue.

Financial Costs:

Hiring the wrong candidate doesn’t only impact on productivity but also creates negative consequences financially. On top of paying the salary of the current individual who may not be performing to expectation, the business will have to pay for a second recruitment process when replacing this person. Creating job descriptions, advertising these jobs, reading through CVs and providing interviews all cost valuable time and money. Additionally, the individual may not be as productive or experienced as first expected and may therefore require additional training while in the workplace, also costing the business additional money.

Employee Morale:

On top of the financial costs, there is also the potential for internal disruption and unrest amongst other employees in the company. These employees may be forced to pick up extra work and responsibilities because of the inadequacies of their new colleague, meaning that morale will fall. While managers may focus their time and attention on the new employee, fellow colleagues may feel dissatisfied and disengaged.

By using Spec Recruitment, you can keep your hiring process simple and successful, while minimising the chance of employing the wrong candidate. Ring the team for a quick chat today on 01173771287 or email us on This email address is being protected from spambots. You need JavaScript enabled to view it. for more information.

Information sourced from Entrepreneur and Akken Cloud