How much does a bad hire cost you?

We’re all not lucky enough to have the budgets to warrant the exorbitant fees in using headhunters to do our work for us, however as the candidate market becomes increasingly hard to recruit and inappropriate applications continue to flood in, it forces employers to re-valuate how effective their current recruitment/hiring process really is.
You may be filling roles but are you really filling them or are we just placing bums on seats in the hope that one of them will stick around for more than 3 months? The question we all need to ask ourselves is this, are we hiring the best talent in-the-market OR the best talent on-the-market? And do we know difference?
The best talent in the market are individuals who are not actively looking for a job and are not enticed by opportunities that just match their skill base. Best talent on the market are individuals who are actively searching for roles to help better improve their career opportunities, lifestyle, finances etc.
For most of us who are doing their own recruitment we’re hiring the latter and what that means for us is we’re only hiring the best talent from individuals that are actively looking for a new job. There can be a significant difference in the calibre of talent when you compare the ones that are actively looking to the ones that are not actively looking for a new job.
Yes we all know that headhunter’s fees are enough to send us into an early grave, however what if you could rely on the service that meets you half way and at the fraction of the cost?  Using an organization to assist in attracting and identifying those that are not just on the market but who are also in the market takes a huge chunk out of the workload and provides you with a low cost alternative to the traditional recruiter/headhunter.
Sharon Ballantyne Davies is the Founding Director of Talent Propeller and is also the director of businesses Big Splash and Tech Engine. Between her businesses, Sharon has been the driving force behind the success of the various international offices. A visionary entrepreneur, particularly in the recruitment and HR industries, she is always relentlessly looking for new and better ways of doing things.

You can reach Sharon here

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