Any experienced professional can recall the headaches and miseries that come with bringing in an ill-fitting team member. Whether it’s a bad attitude, poor technical match, or someone who doesn’t fit into the company culture, a bad hire is a drag on even the highest-performing teams.
This extends to a company’s bottom line. A bad hire hits your team financially on multiple levels.
How Can You Avoid These Results of a Bad Hire?
1. Hiring costs
Bringing in a new team member involves a wide range of factors and efforts, and they all cost your company money. These costs will continue to increase going into the future, given the increasing challenges in finding quality candidates.
A bad hire means you’ve wasted this investment. Even worse, you’ve doubled it because you need to spend the money all over again to find a replacement.
2. Employment costs
A bad hire costs money every minute they’re on the job. This includes:
- Salary
- Benefit costs
- Taxes
- Workman’s comp
- And all other expenses related to employment.
It’s a large investment to make on someone who brought you little or nothing in return.
3. Costs to time and energy
Unproductive and negative employees create headaches for their teams. The other team members wind up having to do extra work to make up for lost productivity, bad decisions, and embarrassing service missteps.
This means you’ve spent energy, and money, trying to hold things together, not moving forward. The issues will snowball as time goes on, creating more and more issues. In the worst-case scenarios, it can result in anything from missed deadlines to recalls, expensive field fixes, and canceled contracts.
4. Lost future business
In competitive fields, such as aerospace, your reputation can make the difference between winning and losing key business. If a bad hire, or hires, have caused your company to drop the ball, it can reduce your standing in the industry. It creates an opening your competitors will be more than happy to take advantage of.
Success in aerospace employment hinges on your ability to weed out potential bad hires long before they’ve taken up your team’s time. Recruiting and hiring teams need to work together to identify the qualities of good and bad hires. This will create clear standards to make sure you spend your valuable time on candidates who bring something positive to the table.
Learn more
The Structures Company is your best ally in making that happen. Our expertise in aerospace recruiting means we know what candidates are a solid technical match. Our ability to build relationships means we know how to match the right personalities to your company culture.
Contact us to discuss your recruiting challenges and how we can help you solve them.