Poor hiring decisions can have a serious impact on the success of a company. In fact, replacing an employee who quit or was terminated can cost a business up to 21 percent of the worker’s salary. At Here’s Help Staffing, we recognize that less-than-stellar workers can be a drain on company resources while they are still employed as well. Below are three ways in which hiring mediocre talent can result in an overall loss for you and your business:
1. Time Drain on Managers
Although businesses may be tempted to hire workers with less experience and, as a result, lower salary expectations, mediocre talent could end up costing your company more in the long term. When you employ inexperienced or unmotivated workers, you run the risk of having to spend more time and money on training and education. Additionally, you may end up paying for other workers to redo assignments that weren’t up to par. When added up, these costs can easily exceed whatever you saved on initial salary.
2. Reduction in Morale
Along with impacting profits, hiring mediocre employees can eventually affect retention rates among your other workers. When businesses hire below-average workers, other employees will likely notice that they are now doing more work for the same amount of pay. Your strongest workers may be tempted to take their talents somewhere they will be more appreciated, injuring your company’s productivity as a result.
3. Loss of Reputation
Of course, your workers won’t be the only ones to notice that mediocre talent is harming your business. Over time, your clients and customers may realize that the quality of your product or service is suffering as a result of your staffing choices. While businesses can replace below-average workers, repairing a damaged reputation can be a much more arduous process.
Call Here’s Help for Your Staffing Needs
At Here’s Help Staffing, we specialize in creating strategic hiring plans to save businesses both time and money. Understanding that a business is only as strong as the employees who support it, we take the time to screen all applicants thoroughly before presenting you with the best possible candidates for each position. Additionally, we provide our clients with a free resource center featuring valuable tips for increasing efficiency and productivity among their current staff. Contact us today for more information about staffing in Hudson Valley business for success.