It’s happened to most hiring execs and HR folks one or more times in their career – hiring the wrong person.
It seems almost inevitable — there’s no way to be perfect when it comes to human decisions. In the best case, we recognize the problem early, sever the relationship ( sometimes with complications) and move on.
The obvious and not-so-obvious costs of hiring the wrong person…
Given the cost of a hire that doesn’t work out, it makes sense to minimize those occurrences as much as possible. Here’s a condensed list of some of those obvious and not- so-obvious costs for hiring the wrong person for a key management /professional position: