When payroll budgets are tight, it’s tempting to hire candidates with less experience and education. While not every newbie or just-barely-qualified hire is a bust, you’ll often find that hiring average talent results in below-average returns. From the financial outlay of refilling positions to the cost to your organization’s reputation, the cost of hiring average talent often outweighs any benefits.
You Get What You Pay For
Equipment, building upgrades, even copy paper – by now you’ve probably learned that when it comes to purchasing for your organization, you get what you pay for when you go with the lowest-priced options. The same is true for employees. When you’re hiring, you’re paying for experience, education and talent, all expensive factors for candidates to accomplish. Hire talent that’s less than stellar, and you’ll receive unexceptional or even poor service from employees who’ve not yet demonstrated their dedication to their field.
Like Attracts Like
One aspect of hiring that managers and HR professionals alike often forget is the adage that like attracts like. Become known for hiring subpar talent, and soon you’ll find that your reputation suffers with both clients and industry professionals. The very best candidates in their field want to work with others with the same level of talent and drive. That’s also true of clients; when the stars in your industry start flocking to your competitors, so will your clientele and customers.
The Bottom Line
For many hiring managers, the choice of what to pay candidates comes down to the all-important bottom line — payroll budgets. Argue the case for hiring the best candidates by reminding the higher-ups of the other costs associated with hiring average talent. Hiring unexperienced or barely qualified talent is directly associated with higher turnover. The costs of filling positions over and over adds up quickly in terms of advertising open positions, paying for training, overtime for employees picking up the slack, and man hours spent interviewing and orientating new employees. You and your supervisors will likely find that hiring the best is cheaper in the long run.
Sometimes you end up hiring average talent not because you want to, but because you just aren’t getting applications from the best candidates when you need them most. That’s where Staffing Partners comes in! Contact our experienced staffing professionals today and find out how you can always have access to the best temp and temp-to-hire employees in your industry, no matter what the season.
