The True Cost of a Bad Hire

The True Cost of a Bad Hire

The True Cost of a Bad Hire

A bad hire can be the most expensive mistake your business could make. What can be costlier than a faulty product or poor budgeting, is the price of repeatedly hiring underqualified, short-term employees. Opposingly, the right hire can be significantly beneficial.

The first sign that your hiring process needs help is a high employee turnover rate.

Considering that 1 in 2 candidates will misrepresent themselves on their resume, and 1 in 5 candidates will be likely to blatantly lie in an interview, how can you decide who to invest in? In this article, … Read the rest

Read More

Top 5 reasons to hire an Executive Recruiter

Top 5 reasons to hire an Executive Recruiter

Top 5 reasons to hire an Executive Recruiter

According to Forbes, the biggest investment every fortune 500 company (and beyond) makes is in its hiring process, particularly for an executive position. As part of their staff-building strategy, many of these successful companies keep an executive recruiter on hand who knows exactly what they need.

You may still be on your way to becoming fortune 500, but your executive hiring choices make just as big an impact on your business and its scalability. For some, the ramifications of a bad hire may be more than you can afford.

Job ads, recruitment … Read the rest

Read More

How much is employee turnover really costing you?

How much is employee turnover really costing you?


EMPLOYEE TURNOVER COMES AT A HIGH COST. 

Turnover is inevitable in these times. It is not like the 1960’s where someone expected to be at their job until their pension kicks in. Today turnover is the number one cost for organizations and here are a few examples of not only cost, but morale as well. 

  • Replacing an employee making $100,000 salary can be more than $213,000; over twice their annual salary! 
  • The cost of hiring a new employee including the advertising, interviewing, screening, and hiring.
  • Cost of onboarding a new person, including training and management time.
  • Lost productivity—it may take
Read the rest
Read More

How to reduce risk when hiring.

When considering a new vendor, there are certain aspects of risk such as: Execution Risk – The chance the search firm does not perform Financial Risk – The possibility that your return on investment for will be less than expected or required Professional Risk – The chance the decision maker’s judgment will be questioned in the future and affect him or her negatively When we engage with a new client, we assess what your strategies are, how you operate, and what your goals are both short and long term. Our responsibility as recruitment experts is to get as close to that knowledge base as possible to understand your organizations goals and objectives. Bringing industry and peer knowledge, knowledge of the marketplace, we implement processes and systems into your search assignment that reduce your exposure to risk of hiring the wrong person and having a high turnover rate. To replace an employee making a salary of $100,000 will end up costing $213,000. If the financial implications of hiring the wrong person were not enough, the impact on morale, lost time, culture damage, and missed opportunity can far exceed financial losses. Hiring a new employee for some is like running with scissors in your hand. The main reasons organizations make hiring mistakes are basing your hire solely on a personal interview, needing to fill a role quickly, or making the decision to hire too soon in the process without multiple interviews. Hiring high performers requires a shift in thinking. Hiring a strong team does not come from putting ads on the internet. We focus on passive candidates who are heads down generating revenues. With our expansive network in renewables, we can attract the right person to the right position.

When considering a new vendor, there are certain aspects of risk such as:

Execution Risk – The chance the search firm does not perform

Financial Risk – The possibility that your return on investment for will be less than expected or required

Professional Risk – The chance the decision maker’s judgment will be questioned in the future and affect him or her negatively

When we engage with a new client, we assess what your strategies are, how you operate, and what your goals are both short and long term. Our responsibility as recruitment experts is to get as close to … Read the rest

Read More

How Do I Conquer Interview Jitters?

Whether this is your first interview in 5 years, or the tenth one this month, interviewing for a new job can give any qualified candidate anxiety. From pre-interview prep, to closing the meeting, here are a few tips that will help reduce your anxiety and help you secure an offer.
1.  Research the Company
The internet is a wonderful place filled with many free resources. Now is the time to utilize this tool.  The company you are interviewing for will most likely have an online footprint, and you should follow those tracks in any direction they travel. Look through their “About
Read the rest
Read More