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No manager is an island: You need a great team to meet your business’s goals and fulfill your potential.
Hiring is one of the most important things a manager does, but it’s also one of the most difficult. As much as we’d like to believe we have the skills to avoid it, all managers eventually have to deal with a failed hire.
Bringing someone new on board only to determine they’re not going to work out can be a blow to your ego, and it can be a sign of a larger issue with your hiring practices.
The cost of a failed hire is nothing to sneeze at. In addition to the cost of a candidate search and lost productivity, it can have a real toll on a team’s morale.
A recent study from Robert Half Finance & Accounting asked CFOs about the most common reasons new employees didn’t work out, and their responses were revealing. The majority reported a mismatched skill set (38 percent) as the top reason for a failed hire. After that, unclear performance expectations (27 percent), personality conflicts (20 percent), and a failure to fit into corporate culture (15 percent) were the most common culprits.
When a similar study was conducted in 2011, the order of the reasons for a failed hire was the same, but there’s been a notable decrease in the proportion attributed to unclear performance expectations. That reflects well on employers: Talking about what constitutes success in a position is a conversation you should be having throughout the hiring process and onboarding of a new employee. But the issue of mismatched skill sets still looms large.
You can avoid making a failed hire next time you’re recruiting new talent to your team by brushing up on these hiring best practices:
Paying more attention to hiring best practices when you’re building your team can help you avoid a failed hire in the future. And that means your team will grow stronger and reflect your skills as a manager.
Join Dana Manciagli’s Job Search Master Class right now and immediately access the most comprehensive job search system currently available!
Thunderbird School of Global Management Alumna Dana Manciagli '84 is the author of "Cut the crap, Get a job". With her 'Career Mojo' column, Dana is the sole syndicated career columnist for the Business Journal nationwide. Her remarkable profile includes a career in global sales and marketing for Fortune 500 corporations like Microsoft, IBM, and Kodak. She has coached, interviewed and hired thousands of job seekers. This article was originally published on her website.