A Bad Hire Can Be Very Costly
Staffing Agency Resources Can Reduce the Risk of Making Bad Hiring Decisions
Whenever an employer makes a hiring decision, it can essentially be considered as an investment in the future success of the company. While this new hire has yet to make a contribution to the company’s growth or bottom line, the employer is willing to invest its resources/money on the basis that the new staff member will deliver a return over time.
Regrettably, all hiring decisions do not always proceed as intended. While there could be valid reasons/factors that prevent a new hire from becoming a contributor to corporate success, in the vast majority of cases, the primary or root cause is simply the fact that it was a poor choice of personnel.
There are several circumstances that can lead to/result in bad hiring decisions, including:
- Lack of dedicated resources
- Inadequate screening process
- Insufficient/limited advertising
- Timeline or deadline pressures
- Inexperienced decision makers
- Subjective stimuli or influences
Subsequently, the repercussions associated with bad hiring decisions can be substantial. From a purely monetary standpoint, some experts estimate that the cost of such a poor decision to an employer will amount to as much as 15 times the base salary paid to that employee throughout their service time with the company. Then there will of course be the cost of repeating the hiring process to try and find a more suitable candidate.
Furthermore, these decisions will undoubtedly have an intangible or immeasurable cost impact on such operational or personnel-related aspects as:
- Customer service
- Client perceptions
- Co-worker morale
- Productivity goals
- Income prospects
In order to reduce the potential of making a poor hiring decision, and therefore avoid or prevent some of the tangible and intangible costs outlined above, employers may benefit from outsourcing their recruitment needs to a professional staffing agency like Winters Technical Staffing in Toronto. An agency such as Winters Technical Staffing offers the expertise and resources to help employers thoroughly and effectively implement the recruiting process from start to finish. This in turn helps them find highly qualified/high potential candidates, in an overall cost-effective and time-sensitive manner as well.
This direction might be most applicable for small to medium-sized businesses but would be a viable alternative for any organization facing the challenge of supporting a full-time recruiting or human resources department.
Centralized Recruitment with a Staffing Agency Offers Efficiency and Flexibility
The success of any recruiting process is dependent on the effective implementation of a series of vitally important steps. Lack of attention to detail during one or more of these steps can lead to bad hiring choices and a subsequent lack of return on the time, money, and human resources invested in the process by the employer.
A professional staffing agency like Winters Technical Staffing has the experience and the resources needed to dedicate the appropriate time and attention to detail, and allow employers to make more informed and confident hiring decisions. The team at Winters Technical Staffing will support employers through all facets of the recruitment process, such as:
- Job postings/advertising
- Social media networking
- Resume/candidate screening
- Coordination of interviews
- Reference/background checks
- Compensation and benefits
- On-boarding procedures
Additionally, working with a staffing agency like Winters Technical Staffing provides employers with the capability of implementing flexible hiring strategies based on specific needs or timelines. Such staffing requirements may include:
- Full-time or permanent part-time positions
- Temporary, contract, or project-based jobs
- Seasonal needs (summer or year-end staff)
- Interim or probationary roles (temp-to-hire)
Therefore, for purposes of efficiency and flexibility, employers may find it beneficial to centralize their recruitment efforts with Winters Technical Staffing, a leading staffing agency in Toronto and the GTA for more than 40 years.
Contact Winters Today
To avoid the potential pitfalls that can lead to bad hiring decisions, appoint a professional staffing agency to handle your human resources and recruitment needs. Call Winters Technical Staffing today at 1-866-932-5248 to see how our services can be beneficial to your business.