Hiring Mistakes More Costly During Pandemic

Companies today have more at stake if they make a hiring mistake, says research from global staffing firm Robert Half. More than three in four senior managers surveyed (77 per cent) admit to recruiting the wrong candidate for a role, and more than half (56 per cent) say the negative impact is more severe now than it was a year ago. When it comes to their most recent regrettable hire, senior managers say it takes 11 weeks, on average, to realize the person is a poor match and to let them go and an additional five weeks to restaff the role. That's a total of 16 weeks, or four months, of time squandered on a recruiting blunder. In addition, the research shows employers in Manitoba (22 weeks) and Ontario (17 weeks) take even longer. The biggest mistakes companies face when they make a hiring mistake include time wasted hiring and training the new employee, decreased staff morale and productivity, and increased stress on the supervisor. "To decrease the likelihood of making hiring mistakes and build the best teams, organizations need to develop a comprehensive strategy for interviewing and assessing candidates that meets both current and emerging business needs," says David King, Canadian senior district president of Robert Half.