The Price of Bad Hires
When the time comes to add a new member to your farm’s team, it is important that you—or whoever is in charge of making the hiring decision—take sufficient time and care. Bonnie Johnson details why the cost of making a bad hire is so high in a recent article for Farm Futures.
There are two types of costs associated with making a bad hire. The first are concrete costs, such as fees for an agency or recruiter, time and money spent on the interview process, and costs associated with first getting the new hire onboarded and then terminating them or transitioning them out. The second type of costs are harder to quantify but include items such as damage to the morale of your team, lost sales or decreased sales, and erosion of customer loyalty.
Johnson explores the root causes of bad hires, including:
- Caving to time pressure
- Lack of proper screening
- Failure to hire employees who are a good cultural fit
- Neglecting to check references
For more details, read the article in full at Farm Futures.