The costs of making bad hires go far and wide, way past direct impacts. In fact, a study conducted by the Society for Human Resources Management found that the cost of a bad hire can constitute as much as five times the bad hire’s annual salary. Logically enough, the higher level the position, the more […]
In the past, hiring managers typically focused on an applicant’s experience as an indicator of what they could do for the company – but times are changing. This, however, has been changing recently as more businesses are choosing to hire applicants who show great potential but who don’t have experience and then training them for […]
When employers interview to fill job vacancies, they typically want someone with experience, but sometimes that can lead to trouble filling a position. It’s a common practice to hire someone with experience because they need less training, but hiring someone who doesn’t have the experience you’re looking for might be a bigger benefit. Here are […]
In the current job market, it is not unusual to be inundated with hundreds –or thousands – of resumes for one open position. Once you whittle through the stack and begin interviewing, your hope is to find the one perfect fit for your company. Occasionally, two well-qualified candidates make the short list and while you […]
So you’ve made a terrible hiring decision. How should you plan your next move?