A Glimpse at Costs Associated with Bad Hires

Staffing agency in Brampton

How much do you think it costs a company to hire a person that’s not the right fit for their organization?

There are many different formulas that HR professionals use to calculate the cost of recruiting, hiring, and retaining talent but either way, it all costs money. As quoted by The Undercover Recruiter on average, a management-level employee making $68,000 in annual salary would cost the company more than $800,000 if terminated within 2.5 years of hiring. This, shockingly, does not account for the cost of recruiting and hiring a replacement.

As a staffing agency in Brampton, let us walk you through the associated costs of bad hires.

1. Costs of Conducting Hiring Activities

No HR person would like to spend hours and hours trying to source, interview and onboard new team members only to hand them a letter of termination. Let’s do a quick calculation, to hire a person to let’s assume your HR employee spends a total of 30 hours to hire one candidate and they get paid about $25 / hour.

30 hours x $25 per hour = $750

And this is just a lower estimation of what your costs could look like.

2. Productivity Costs

When it becomes clear the new hire is unable to perform to your business’ standard, managers must spend more time training and retraining the employee, resulting in a loss in productivity and man-hours of both the new employee and the manager. Bad hires also result in poor sales possibly leading to your business not reaching its targets.

3. Recruitment Ad

Though some recruitment websites provide free online listings there are some that you have to pay for. Along with that, you spend time looking through it, go through resumes and sort through it to find ideal candidates.

Some Factors that Make a Bad Hire

• Poor Quality of Work
• Poor Work Attitude
• Not a Team Player
• Poor Attendance at Work
• Skills do not match Job Description

How to Avoid Bad Hires

You can always hope to have the right cards when hiring someone, but let’s be honest- you’re not going to get trump cards every time. Use the following tips to help you find the right candidate:

• Go with your gut feeling or first instinct
• Conduct a thorough reference check
• Set up a trial period
• Establish clear expectations and responsibilities
• Seek additional help from staffing agencies in Brampton

Hire a Staffing Agency in Brampton

With a simple Google search of ‘staffing agencies near me’, you’ll get a variety of options but how do you find the right one for you? Nova Staffing has been recruiting the finest employees for organizations across Brampton for over 20 years. Not everyone has the resources or the time to look for people to help with their business so that’s why working with a staffing agency in Brampton like us can be extremely profitable.

Have us contact you

EmployerJob Seeker

Current Staffing PositionsApply Online
Current Driver PositionsApply Online

LATEST NEWS // What's Going On


  • INSTAGRAM AND TWITTER

    October 30th, 2018

      Check us out for regular updates on Instagram at NovaStaffing and    Twitter at @NovaStaffing.   Follow us to keep updated as we post jobs daily. We currently have over 550 jobs available from Ottawa to Vancouver.

  • Fall is here…{even though it feels like Winter}

    October 22nd, 2018

    Here we are, TONS OF JOBS and not enough people to fill them. Between our two companies, Nova Staffing Inc. and Nova Driver Services, we have almost 200 different positions representing almost 500 JOBS!!! We have Professional, office, warehouse, and driver jobs available. From Vice-Presidents to order pickers and everything

    Read More >>

Copyright © 2020 All rights reserved. Designed & Developed by Altmedia.ca

Privacy PolicySitemap altmedia