WaveHire’s Post

Lead to Energize by: Hiring the right people. Hiring the wrong people is incredibly costly. Your company pays in: rework of mistakes, inefficient processes, customer dissatisfaction, employee dissatisfaction, high employee turnover, cost of rehiring, cost of retraining, lack of customer continuity, and erosion of teamwork. Take the time to hire right the first time! #leadershipcoaching #hiring #employees

Performance reviews don’t have to be awkward! Check out this guide for employers to transform reviews into a positive experience for everyone involved. Read our guide and discover more tips on our webpage through the link below! https://bit.ly/4eeCnh7 #performancereview #jobtips #hiring #blog #perthjobs

𝐓𝐨𝐩 10 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐜𝐨𝐬𝐭𝐬 𝐛𝐲 𝐄𝐕𝐄𝐑𝐘 𝐬𝐢𝐧𝐠𝐥𝐞 𝐌𝐢𝐬-𝐇𝐢𝐫𝐞 👇 Everyone knows that hiring the right talent is crucial, and every mis-hire comes with significant opportunity costs beyond financial losses. But how high are the real costs of a wrong hire? Here are the top 10: 1️⃣ 𝐑𝐞𝐜𝐫𝐮𝐢𝐭𝐦𝐞𝐧𝐭 & 𝐓𝐫𝐚𝐢𝐧𝐢𝐧𝐠 𝐞𝐱𝐩𝐞𝐧𝐬𝐞𝐬: Significant costs involved in recruiting and training the wrong hire 2️⃣ 𝐒𝐞𝐯𝐞𝐫𝐚𝐧𝐜𝐞 & 𝐋𝐞𝐠𝐚𝐥 𝐟𝐞𝐞𝐬: Costs associated with terminating the employee 3️⃣ 𝐋𝐨𝐬𝐭 𝐭𝐢𝐦𝐞: Time spent hiring & training that could be used more productively 4️⃣ 𝐑𝐞𝐝𝐮𝐜𝐞𝐝 𝐭𝐞𝐚𝐦 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐯𝐢𝐭𝐲: Mis-hires disrupt team dynamics and reduce productivity 5️⃣ 𝐋𝐨𝐰𝐞𝐫 𝐞𝐦𝐩𝐥𝐨𝐲𝐞𝐞 𝐦𝐨𝐫𝐚𝐥𝐞: An ill-fitting employee impacts team morale & engagement 6️⃣ 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐭𝐮𝐫𝐧𝐨𝐯𝐞𝐫: Dissatisfied team members may leave, increasing recruitment costs 7️⃣ 𝐃𝐞𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐪𝐮𝐚𝐥𝐢𝐭𝐲 𝐨𝐟 𝐰𝐨𝐫𝐤: Poor performance compromises product or service quality 8️⃣ 𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐝𝐢𝐬𝐬𝐚𝐭𝐢𝐬𝐟𝐚𝐜𝐭𝐢𝐨𝐧: Unhappy customers due to poor performance can harm reputation 9️⃣ 𝐌𝐢𝐬𝐬𝐞𝐝 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬: Potential revenue or innovations are lost without the right hire 🔟 𝐃𝐞𝐥𝐚𝐲𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬: Inefficiencies and task reassignments delay critical projects 💡 A strategic hiring process is essential to avoid these costs and build a successful organization. 🚀 Don't let your company lose so much; pay more attention to strategic recruitment. Any ideas how? SinnRec #Hiring #OpportunityCost #TalentManagement #HR #Recruitment #CompanyCulture #EmployerBranding

Hiring for multiple roles at once can feel like a game of organisational Tetris. With limited time and resources, deciding which positions take precedence isn’t just about urgency—it’s about aligning with broader business goals and team dynamics. So how can you prioritise effectively when the pressure is on? Here’s a closer look at some practical steps to help you navigate this challenge: Start with business impact—prioritise roles tied to critical operations, revenue, or customer satisfaction. Next, identify operational cracks like missed deadlines or overworked teams; these signal where hiring is most urgent. Conducting a skills gap analysis can help align hiring with long-term growth by identifying current and future organisational needs. For recurring high-turnover roles, refine your process or create a talent pipeline to streamline future hiring. And finally, balance speed and strategy—address urgent needs without losing sight of high-impact roles that may take longer to fill but yield lasting benefits. With a structured approach, you can manage competing priorities while keeping your team supported and your goals on track. How do you determine hiring priorities in your organisation? Share your insights! |MovingUpTogether| #hiring #hr #talentacquisition

Hiring new employees is just the beginning. Ensuring they perform to your standards is critical for long-term success. That’s where Crosshired steps in. Our expert team designs and implements Key Performance Indicators (KPIs) tailored to your organization's goals. We monitor and evaluate new hires' performance from day one, providing you with detailed insights and actionable feedback. With Crosshired, you can rest easy knowing your team is always performing at its best. Let us help you transform potential into proven success. Ready to optimize your team's performance? Send us a DM or visit the in bio to schedule a consultation today. #StaffingSolutions #HRServices #businessgrowth #Hiring #Efficiency #TeamManagement #PersonnelManagement #Backgroundcheck #BusinessSuccess #Crosshired #Interviewcoordinatiom #Interview #PerformanceManagement #KPIs #NewHires #HRServices

💼 Hiring Mistakes Are Costlier Than You Think... 💸 Bad hires don’t just disrupt—they drain resources, time, and morale, impacting companies far beyond salary expenses. Here’s a look at what poor hiring really costs: 💰 1. Financial Loss A mis-hire can cost up to 30% of their first-year salary. For a £60K salary, that’s £18K lost- money that could have been invested in talent that drives growth. ⏳ 2. Productivity Drain Managers dedicate 17% of their time to handling underperformers. In critical roles, delays can cut company profits by 3%, weakening overall performance. 🌱 3. Morale & Turnover Bad hires can raise turnover by 20%, creating a ripple effect on team burnout, stress, and absenteeism. Quality talent won’t stay where poor hiring disrupts harmony. 🔍 4. Reputation Damage After just one negative experience, 32% of customers switch brands. Mis-hires affect customer loyalty, and in today’s market, reputation is everything. 🕰️ 5. Recruitment & Training Costs Each hiring cycle costs an average of £4,683 and 44 days to complete. A bad hire keeps this costly loop in motion, diverting resources from real growth. Strategic hiring isn’t just valuable it’s essential. Make smart, swift hiring decisions to protect both profits and people. 🌟 #SmartHiring #BusinessGrowth #TalentStrategy

In addition to costing your company up to $50K, hiring the wrong person can also eat up 17% of your managers' valuable time. Here's your sign to let us help streamline your hiring process and ensure you find the perfect fit for your team. Time to optimize efficiency and productivity! Contact us today. 🔗 https://lnkd.in/g26GGhVV #sagency #organizationalhealth #organizationalgrowth #guidesforgrowth

Hiring and firing should not be the go-to solution for cost-cutting. The real issue lies in the process planning and capacity forecasting handled by line managers. If a process requires 10 people, why are more than 10 hired? Often, this is done to temporarily boost numbers without considering the long-term impact. For sustainable growth, it’s essential to have strong capacity planning instead of relying on frequent hires and terminations. This approach not only reduces unnecessary costs but also preserves the company’s valuation and reputation in the industry. To ensure effective resource management, line managers should focus on precise forecasting and strategic hiring aligned with the company's long-term vision.  #hiring firing #team growth #capacity planning 

Losing a key sales team member can be challenging 😬 When a top performer leaves unexpectedly, it can disrupt the flow of business. Here are our top 10 steps companies can take to ensure smooth continuity of service and maintain momentum. 1.Competitive Compensation: Offer competitive salaries, bonuses, commissions, health benefits, and retirement plans. 2.Career Growth: Provide training, mentorship, and clear career progression paths. 3.Employee Engagement: Involve employees in decision-making, recognize achievements, and create a positive work environment. 4.Work-Life Balance: Offer flexible hours, remote work options, and manageable workloads. 5.Supportive Culture: Foster a culture where employees feel valued and respected with open communication and regular feedback. 6.Recognize Performance: Acknowledge and reward top performers through recognition programs and incentives. 7.Exit Interviews: Conduct exit interviews to gain insights and improve retention strategies. 8.Leverage Technology: Use technology to streamline processes and reduce administrative burdens. 9.Onboarding: Ensure new hires are properly onboarded and integrated into the team. 10.Regular Training: Provide continuous training to keep employees updated and improve their skills. By implementing these strategies, companies can mitigate the impact of losing a key sales team member and ensure business continuity. What other strategies have you found effective in such situations? Share your thoughts in the comments below or if you would like to discuss your recruitment strategies and succession planning then please drop me a message! 📨 #Sales #BusinessContinuity #Recruitment