Almost half of hiring decisions are deemed mistakes at the 18 month mark by their employers. In most cases, acknowledging that mistake is less costly than ignoring it. Be ready to have a blunt and difficult conversation with the new employee, although doing so may end up being very helpful to both you and the employee. Sometimes, reassigning an employee also works — someone who is a bad fit for one job may be perfect for another. Always be realistic about the current and future costs involved.
Reflect on these key points:
- 1Polling suggests that less than 20% of new hires will prove to be entirely successful.
- 2In fact, after 18 months almost half of new hires are deemed failures.
- 3Despite the cost of admitting the mistake, confronting the hire, and then starting over, it’s usually preferable than living with a poor hire.
“One of my clients hired a relatively junior staffer for his moxie, energy, and drive. Within just a few weeks, though, the new employee started broadcasting his concerns that the job was not as exciting or rewarding as he had expected, and he started making careless mistakes and goofing around with other employees.”
Read the full story: https://hbr.org/2018/08/what-to-do-when-you-realize-you-made-a-bad-hire