When you have a job vacancy, your instinct may be to hire someone as quickly as possible to fill the role. But settling for mediocre employee – instead of waiting until you find a candidate who could excel in the role – can cost you.

Hiring Mediocre Talent Can Cost You More Than Just Money

The success of your company depends on the success of the people you hire. Hiring the wrong person for a job can end up costing your company, a lot.

Time Is Money

Workforce management is a necessary part of every business. But did you know that the extra time and effort required to manage mediocre talent is nearly three times what it takes to manage top talent? Additionally, when your new hires are working in an area that suits their natural aptitude, you can focus your attention on the day-to-day operations of running a successful company rather than micromanage a mediocre team member.

Lost Customers

When one of your employees doesn’t enjoy their job, it shows. If that person is working in a client-facing role, it can have disastrous results. A negative customer service experience is the main reason customers seek out your competition.

The High Price of Employee Turnover

Having a new hire leave, or worse – get fired, can mean big losses for your business. Yes, there’s the out-of-pocket costs of hiring the candidate, expenses you’ll have to shell out again before you find someone else. But there’s another side to employee turnover: The lingering effect it has on existing team members. Losing an employee who has only been with you for a short while can unsettle even the most experienced team. Because businesses can only thrive when teams work together, the disruption of having someone contribute for a few weeks only to leave with unfinished tasks on the team to-do list, can bring down productivity and output.

Enthusiasm is Contagious

When you hire a mediocre applicant, you get what you pay for: someone who is only moderately interested in the job and your business. A new hire’s enthusiasm – or lack of excitement – about their job is contagious. By bringing in top talent when you have a vacancy you’ll get someone who can not only hit the ground running, you get a team member who will help grow your business.

Are you stuck sorting through a pile of mediocre resumes with the hope of finding your next superstar? Reach out to the talented professionals at Morris Bixby. Our experience and expertise mean you’ll meet some of your industry’s top performers for your next vacancy.