Hiring mistakes can have a devastating impact on your company. The US Bureau of Labor Statistics even found, “The average cost of a poor hiring decision can equal 30 percent of the individual’s first-year potential earnings.” Not to mention it wastes time and resources and can take a toll on your company culture. Here are some of the most common hiring mistakes and how to avoid them.
Not Prescreening Candidates
It’s common to receive hundreds of applications for a job position. Without some level of filtering in place, this can make hiring a far more time-consuming process and reduces your odds of finding the right fit. Prescreening tends to be an effective solution for streamlining things and for improving the quality of your hires.
As the Society for Human Resource Management points out, “The screening of applicants is meant to disqualify those who do not meet basic requirements for a position (e.g., minimum experience or education, willingness to relocate and salary requirements). This makes it an efficient means of narrowing down your talent pool so you can find the best of the best.
Failing to Prepare Interviewers
Simply telling recruiters to “find the best candidate” isn’t usually conducive to effective hiring. After all, one recruiter may look for candidates with certain traits, and another recruiter may look for candidates with completely different traits. This is why it’s critical to prepare your interviewers and ensure they know exactly what to look for (e.g., at least five years in your industry and outstanding communication skills). On top of that, it’s ideal to use a particular format so there’s a certain level of uniformity to the process.
Evaluating a Candidate’s Personality and Not Job Skills/Experience
It’s easy to fall for a candidate with a great personality. Maybe they’re incredibly outgoing and share the same philosophy your company does. While personality is certainly a factor to consider, you shouldn’t evaluate candidates solely on it and overlook critical job skills and experience. At the end of the day, you want to make sure you’re hiring someone with the necessary qualifications who at the same time is pleasant to work with.
Hiring mistakes can be very costly to your business. Fortunately, most are avoidable. By understanding which mistakes are most common, you can take the necessary steps to fine-tune your hiring process to increase your odds of bringing the right employees on board.
Is your recruiting not where you want it to be? Contact PrideStaff DFW today to learn how we can help.