The Importance of Hiring Qualified Candidates
According to the Bureau of Labor Statistics, business output in the United States declined by a whopping $753 billion during the period between 2007 and 2009 known as the Great Recession, and our economy is still struggling to recover. While your company’s productivity can be influenced by outside factors, efficiency and high-quality output also depend heavily on the talent you have on your team.
Finding qualified candidates may be the most important thing you can do as a business owner. Here’s how top-notch employees can make a huge difference.
High Turnover Leads to Higher Costs
A study by the Institute for Research on Labor and Employment (IRLE) found that replacing a worker costs an average of $4,000. Other sources estimate the cost to be between six to nine months of the position’s salary. When you lose an employee, you’re faced with lower productivity, advertising expenses, redirection of the resources needed for interviewing and assessing job seekers, training costs, on-the-job errors made by new employees, and the overall impact on company culture. Minimize those costs by hiring quality, dedicated employees from the outset and working with a staffing company to fill any unexpected vacancies.
Morale is Important
Most people don’t want to be the hardest-working employee in the office. While a stellar work ethic is always something to be proud of, feeling like you’re pulling the weight of underperforming colleagues is physically, mentally, and emotionally draining. Rushing through the hiring process just to fill a seat may feel like the easiest decision at the time, but the consequences could be dire – and fixing the error may well be exponentially more expensive than it would’ve been to hire staffing assistance from the beginning. Hire right the first time and everyone on your team will reap the rewards.
Letting People Go is Awful
No decent boss enjoys firing an employee, but sometimes performance and attitude issues make it necessary to take action. Terminating someone’s employment feels even worse when you realize that they were never a good fit in the first place. There are lots of ways to define a qualified employee – knowledge, experience, ability to get along with others, willingness to take direction – and evaluating all of those characteristics thoroughly before offering a job seeker a place within your company can save everyone involved a lot of heartache.
To find qualified candidates to fill your job vacancies, contact our team at Barracuda Staffing today. Not only do we have the resources and talent pool to find excellent employees quickly, we also make it our mission to place applicants in situations in which they’re most likely to succeed. That’s the kind of win-win scenario everyone can get behind.