46% of newly hired employees will fail within 18 months. – Leadership IQ
The average cost of a bad hire is 30% of the employee’s annual compensation. – US Dept of Labor
Those are some scary statistics!
In the spirit of Halloween, here are some tips to survive a horror movie…or make better hires.
In horror movies, when the group splits up, people die.
When hiring, your team must collaborate and get on the same page when it comes to what is actually needed in the position, and then translate that into who will love and thrive in this job. If you can’t identify, and measure traits, using sound science, you are probably just guessing, and thus, won’t get consensus.
In horror movies, the slowest people and those that can’t make decisions quickly get left in the dust.
When hiring, especially in this market, if you are not fast and efficient, the best candidates will GHOST you…pun intended.
Watch out for vampires in disguise
In horror movies, the least suspecting person is the vampire who will suck you dry.
When hiring, remember that some people are wearing a mask during the interview process.
Overall, human intuition is pretty bad at picking the right person for the job.
In fact, statistics tell us we might as well flip a coin.
We recommend you put some science behind your hiring decisions.
Do you want to find out how?