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2 Risks Associated With Hiring an Employee

There are inherent risks when hiring a new employee. What if they’re not qualified in the way you thought they would be? What if they don’t get along with the rest of the team?

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There’s a lot to think about when bringing a new candidate onboard. At Employment Solutions we cultivate partnerships that encourage open communication between our company and our clients. Because of this, we’ve been able to create unique solutions for each business that usually stemmed from one of these risks associated with hiring an employee:

1.  Organizational Fit

Is the person you’re hiring on day one the same person that will show up to work on day ninety-one? Using a temp-to-hire program to manage your probationary period is a great working interview that will reduce the amount of screening and logistical resources consumed during the hiring process. It will also create a clear separation between permanent employees entitled to benefits, holidays, vacation, etc., and temp-to-hire employees working through a probationary period to be evaluated for permanent hire. This will help identify a long-term employee for your organization.

Mitigate risk by:

  • Give sufficient time for hiring process.
  • Make a good first impression for your company.
  • Make time to train new employees on all systems, procedures and equipment they’ll be using.
  • Provide a company mentor for new employee from day one.
  • Executives and owners- make time to welcome your new employee.

2.  Cost of Investment

What if the employee quits, or you have to let them go six months into the job? If you’re paying them $3000 a month, that’s $18,000 gone in a flash. Our lives change everyday. Yes, you’ll lose great employees to unexpected events that take them to another city or require a new schedule to accommodate their situation. And you’ll also lose employees that gave a great interview but weren’t actually qualified the way you thought they would be. Either way, your company needs to be able to react quickly so your goals can be met without losing traction when this happens.

Mitigate risk by:

  • Hire for attitude, train for skill.
  • Always be growing your talent pool.
  • Consider using a staffing agency to expand and contract with the needs of your business.

KEY TAKEAWAY:  Hire slow, fire fast.

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