Important Benefits of Hiring the Right Candidate the First-Time Round
On the other hand, hiring a great candidate (as opposed to an average candidate) generates 67% more profit.
There’s a lot on the line every time a company decides to hire a candidate.
Here’s why hiring the right candidate the first-time round is so important for organizations:
1. It Slashes the Cost of Hiring
Losing an employee costs companies heavily – especially when they’re only at the organization for a short period of time. Every time an employee decides to quit their job, hiring managers have to spend time and money posting jobs sifting through hundreds of resumes and conducting necessary tests and interviews before short-listing candidates.
When companies hire the wrong candidate, they instantly double the costs. By hiring the right candidate in the first go, they save themselves time and money.
2. They Maximize Productivity
Each employee’s time is valuable. Although searching for qualified candidates is part of the HR department’s job, trying to fill the same position over and over again is a waste of its time. It could be using the time to for other essential tasks like improving employee healthcare and other benefits.
The smoother the hiring process is the quicker current employees can get back their core tasks.
3. It Saves Managers’ Time
It’s not just the HR department that could be doing something more productive but the managers that interview candidates during the hiring process also waste their time.
During the final stages of the hiring process, candidates are usually interviewed by managers. These managers would have to take out time from their busy schedules to interview candidates. If the hired candidate is a mismatch, it impacts the manager’s output.
4. Bad Hires Can Tarnish Your Reputation
In the digital age, it’s very easy for a disgruntled former employee to tarnish a company’s reputation. There have been numerous cases of ex-employees dragging their former employer’s name through the mud. To prevent this from happening, companies need to ensure that they hire decent candidates that do not tarnish their name if things go south.
So how can organizations ensure they hire the best candidates the first time round?
Outsourcing talent acquisition to competent recruiting firms can help you hire qualified candidates in the first go.
OPS Staffing helps damage restoration companies find the best talent in the market.
We offer exceptional recruiting services for water and fire damage restoration companies. We assist them in the recruitment of Project Managers, Estimators, Business Development Executives, Office Managers and other Upper Management professionals.
Contact our team today to discuss your needs.