Cost of wrong hire !
Shridhar Bhagwat
Change Manager, HR & OD Consultant, Personal Career Growth Advisor
Organizations never evaluate their hiring process and strategy on the Cost concept. Manpower is a critical resource just like any other resource in your business. If any critical resource is not available in time for delivery it impacts the overall performance and results in delay. Every delay is a cost, so every aspect or reason for delay is a cost too.....
If you believe that Manpower makes difference, a right person in the role can make a difference to the business outcome then delayed hiring, wrong hiring and poor hiring have a cost to the business.
Among all other things wrong hiring impacts the organization most on terms of impact on business for time, energy spent and cultural impact of the person on teams, people and processes in short duration of the person being in the system.
This beings the need for HR Audit on Processes by Independent Agency more stronger than every.
STRATEGIC CONSULTANT. TRAINING & DEVELOPMENT. CORE MBA COURSE MODULES @ TOP BUSINESS SCHOOLS MBA, USA. Ph.D. UNIVERSITY OF MUMBAI. DESIGN THINKING AND INNOVATION EXPERT
1 年True. You pay peanuts, you get monkeys. Netflix has a right strategy to hire the best. How??? Select the person; check with the recruiters the market price for the role; pay him/her 30% over the market rate. Has done them wonders: right people right price right role = right results!!! My two cents