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

Johnson & Johnson Irish profits and revenues rise

Trump talks up China deal and EU motor sector tariffs

Draghi: Prepare for a no-deal

Norwegian ‘must clarify Irish flights’


Lifestyle

Wish List: Eight great Irish buys for your home

Seven beauty tricks to update your look for spring

The lost world: Why breathtaking Malta should be your next holiday stop

Ring leader: Why boxing is good for the body and mind

More From The Irish Examiner