Bad Hires Are Costly Mistakes

Unemployment remains stubbornly high, and the job market is flush with IT talent. But even with candidates to choose from, employers find it difficult to make the right hiring decisions. Blame time pressures, strained resources and a lack of insight into the real value of individual prospects. Two-thirds of companies surveyed by CareerBuilder said bad hiring decisions had a negative effect on business last year, and nearly half said that one bad hire cost them real money. "With qualified IT talent in high demand, employers often struggle to find bring in the right people for their open positions," said Eric Presley, chief technology officer at CareerBuilder, in a statement. "Hiring the wrong IT talent for a position can have a significant effect on an employer's bottom line, so IT employers are making an effort to improve their recruitment strategy, especially as they look ahead to 2011." As hiring costs increase, understanding who will best meet your needs and how they will fit into your company becomes more important.