One in three employers spend €10,000 to fix bad hire at work

One in three employers spend €10,000 to fix bad hire at work
File photo

A third of employers have spent over €10,000 correcting a bad recruitment decision.

A new IrishJobs.ie survey reveals almost two-thirds of businesses have suffered from a bad hire in the last 12 months.

They experienced a loss of revenue as well as reduced productivity and poor team morale.

"A positive work culture boosts productivity, but it must be carefully guarded and cultivated," said Orla Moran, general manager of IrishJobs.ie.

It doesn’t take much to disrupt it and the consequences can affect the success of a business in the long term.

Solutions cited by employers include investment in training or professional development or movement to a different department; however, 47% of employers have decided to let the person go.

A common cause of bad hires is relying on referrals from friends or colleagues: 22% of employers cited this as the source of their mistake.

"Understandably, people place a high value on the recommendation of someone they respect," said Ms Moran.

"But, unless they’ve worked closely with the person in question, they won’t have great insight into whether they fit the culture of your organisation."

Digital Desk


More in this Section

Ryanair says Irish pilots have accepted paycuts Ryanair says Irish pilots have accepted paycuts

Businesses in Ireland urged to 'refocus' on BrexitBusinesses in Ireland urged to 'refocus' on Brexit

ESRI: Covid-19 cut in emissions to be 'shortlived'ESRI: Covid-19 cut in emissions to be 'shortlived'

Irish-backed UK pub group warns of uncertain customer demand ahead of reopeningIrish-backed UK pub group warns of uncertain customer demand ahead of reopening


Lifestyle

Ciara McDonnell chats with four women who’ve decided to embrace their natural hair colour after time away from the salonBack to my roots: Four women who've decided to embrace their natural hair colour

Eve Kelliher makes the French connection by visiting Les Jardins d’Étretat.So is this the garden of the future?

Connacht, perhaps more than anywhere else on our island, is the quintessential Ireland of postcards and tourist brochures.Staycations 2020: Create your own memories with the glories of Connacht

Des O'Driscoll has your telly picks for tonight.Friday's TV Highlights: Love/Hate and John Wick mean an action packed night on the telly

More From The Irish Examiner