The hiring process is an inexact science. After all, it’s impossible to predict exactly how someone will behave in a new work environment –– even if you study their history and temperament closely.
As such, bad hires are almost an inevitability.
In fact, some studies indicate that nearly half of all hires are considered failures by the time they reach the 18-month mark on the job.
With this in mind, it’s important for business leaders to understand how to bounce back after making a bad hiring decision.
Fortunately, today we’re going to tackle just this subject.
Read on for more:
Acknowledge Your Mistake
To err is human. The good news is that you can always amend your mistake –– so long as you acknowledge it first.
Though this may be difficult, own your mistake and be willing to take criticism on the chin.
Blaming others for an error will only compound the issue.
In order to ensure that you don’t make the same mistake twice, take some time to conduct interviews with clients and employees about your hiring decisions.
Client feedback in particular is crucial to business success.
Determine what factors are most important to your team and your customers, and use this information to retool your hiring process.
Review Your Process
What you ask of potential employees will dictate what sort of professionals you attract.
As such, going back to the drawing board and reviewing the qualifications, required skills, and interview questions you ask job candidates can transform your hiring results.
Remember, the hiring process is about finding one individual who is perfect for your company –– not about garnering a large number of applications.
Introduce New Training Programs
Sometimes a hire doesn’t work out because of institutional failure.
The hire in question may have the drive and the skills to do the job well, but they lack the support and the tools to perform at their best.
If this is the case at your organization, then it’s key to start pushing programs to increase social awareness and soft skills among your workforce.
A strong company culture is necessary to attract and retain talented professionals.
In the wake of a bad hiring decision, it can be very tempting for business leaders to rush back and amend their error with a great hire.
Yet, the reality is that it can take a long time –– sometimes months –– to locate an individual with the talent, experience, skills, and personality to fill your vacant role.
Above all else, it’s imperative that business owners and hiring managers exercise patience in the hiring process.
Walking away and starting over with a new batch of candidates isn’t easy or fun, but it’s preferable to making a bad hire that costs your company significant capital and resources.