How to Avoid Costly Mistakes When Hiring by Following These 10 Steps
Originally published: 28/09/2018 14:41
Last version published: 11/10/2018 08:15
Publication number: ELQ-76725-5
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How to Avoid Costly Mistakes When Hiring by Following These 10 Steps

This video and accompanying PDF explain the ways in which costly mistakes incurred in the hiring process can be avoided.

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"Hiring employees can be very costly. I’ll talk about the top 10 hiring mistakes and how to avoid them in this video.

Hello I’m Stephen Goldberg of Optimus Performance bringing you tips and ideas on employee performance, leadership development and teamwork in the workplace. Last week somebody sent me an article in the newspaper about how a director for a university was fired or left after only 3 months on the job.

The key thing was they were given a severance package equal to one year of their salary. That’s only 3 months on the job and the pay was over 230,000USD. Now that was deemed pretty excessive for somebody who was only on the job for 3 months. According to a study that was done by Oxford Economic, the cost of hiring is over 40,000USD for a typical employee. Now that really covers the cost of the hiring process, of recruiting, and the loss productivity of that employee while they’re being trained and oriented in to the new position. So it’s best to hire properly and retain your best workers.

So let’s look at what’s involved and if you follow these steps, you’re going to avoid the common mistakes. You leave out one of these steps or you don’t do it well, you’re going to fall trap to a mistake in the hiring process."

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  • Francisco Kuidlan(last updated: 21/10/2020 02:26)

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