Employing someone to help grow your business is a tricky task. Entrepreneurs or business owners cannot afford to lose money on hiring the wrong people; neither can they lose money by not having enough staff to keep the business running successfully. These people may not have the company’s best interests in mind; they may have criminal records or a hidden agenda.
In a recent article published by Forbes, David K Williams states that a single bad hire can cost a company anywhere between $25 000 – $50 000 (that’s roughly R300 000 – R640 000!). How is this possible? Let’s break it down:
With all this going on, you wouldn’t want to waste more time and money training somebody who will only last a couple months, only to find yourself in this circle of expenses yet again. The bottom line? It all starts with sitting down and working on a proper plan to start researching, a plan that includes proper background screening to effectively weed out the time wasters and undesirable characters and find the right people to interview. If this is successful, the rest will be a piece of cake.
There are certain personality traits that your company should be cautious about hiring. This can help save your company time and money. We like to think of these personalities as toxic people.
Obviously the best way to truly understand someone’s true personality is by spending time with them. Therefore, your best bet would be to call a reference, or to speak to people who know the candidate in question. Their first-hand account of the person’s personality will be the truest.