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Cost Per Hire Is Real
Managing Director @ MU Group | MBA, China Supply Chain Management, committed to exporting Consumer Goods mainly to Retailers in the EU 🇪🇺, USA 🇺🇸, and Mexico 🇲🇽, etc...
Hiring is one of the most important business decisions you can make!👥 While the right hire can move a team forward, a poor fit can be costly—not just financially, but also in intangible ways. For example, a team member who isn't aligned with the company's goals or lacks the necessary skills can hinder the progress of entire projects, seriously affecting overall productivity. A bad hire can also lead to friction and frustration, leading to a decrease in morale that may ripple across the team and even the broader organization. 👔 Often, additional resources must be redirected to manage or compensate for a bad hire, including extensive training, management time, and, of course, the costs associated with fixing mistakes. ❌ What’s worse, in tightly-knit industries, a bad hire can also damage an organization’s reputation, especially if client interactions are involved. To reduce these risks, it's essential to improve hiring processes through better screening and interviewing techniques. 💬 You should, of course, consider the applicant’s ability…🏋️♂️ However, one way to prevent a bad hire is to involve multiple team members in the hiring decision to provide diverse perspectives. Also, developing a strong onboarding program to align new hires with company culture and expectations right from the start can be incredibly beneficial. Investing time and resources in rigorous hiring processes might seem demanding in the beginning, but it ultimately pays off by avoiding the high costs of a bad hire. But I’m curious… What are some of your hiring best OR worst practices? I would love to hear your thoughts below 👇. Video Credit: BRIDGE2BUSINESS Content Copyright: Davy Shi #hr #humanresources #hiring #management #recruitment #jobinterviews #careers #motivation
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Thank you.
SO SORRY... SALES LOGIC IS NOT LOGICAL!!! We have all hear these sales cliches: - Activity drives revenue - Focus on the leading indicators - The more you do, the more you make - Repetition drives skill - Sales is a number name - Pipeline solves all problems - MEDDPIC - Challenger sale - Data does not lie Sorry empty suits they are all BS!!! #sales
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