Have you ever had the PERFECT candidate on paper and then after hiring, training and putting them to work had them completely fail? They had all the right criteria. The perfect skill level, the perfect education, the perfect personal and business references and yet, when it came down to getting the job done... zilch.
I call this the Jekyll and Hyde hire. You think you are getting wonderful Dr. Jekyll and he turns out to be crazy Mr. Hyde. It would be funny if it weren't so danged expensive.
The U.S. Department of Labor currently estimates that the average cost of a bad hiring decision can equal 30% of the individual's first-year potential earnings. That means a single bad hire with an annual income of $50,000 can equal a potential $15,000 loss for the employer.
And that's just the money part of the expense. They are not including the upheaval in your staff, any negative association costs and any customer loss due to the inefficiencies of your Mr. Hyde. The biggest cost of all could be the signal you send to your team that you are not to be trusted when it comes to getting the right people in the right seats on the bus.
Harrison Assessments offers an easy way to figure out if you have a Jekyll and Hyde person applying for your open position. Our Talent System is a validated instrument for Candidate Selection, Employee Development, Team Development and Succession Planning.
A thirty minute assessment can save you years of the additional costs of a bad hire.