Paying the Price for a Poor Fit

A poor fit. A bad match. A mistake. Whatever you call it, sometimes it just doesn't work out between a company and an employee. A bad fit often results in one of three outcomes: the new hire gets fired, quits, or performs poorly. When this happens, everyone loses. PAYING THE PRICE FOR A BAD FIT EMPLOYER-EMPLOYEE MISMATCHES BY THE NUMBERS 69% #2 80% of employers said their companies had been adversely affected by a bad hire. of employee turnover is due to bad hiring decisions. reason employees leave a job: POOR FIT EMPLOYERS: ONE WRONG HIRING DECISION CAN COST YO... TIME MON TUES WED THUR FRI 39% 17% Supervisors spend 17% of their O time-nearly one day per week -overseeing poorly performing employees. say a bad hire resulted in lost time to recruit and train the employee who had to be replaced. MONEY ON AVERAGE, $300 BILLION ER EMPLOYEE TURNOVER COSTS U.S. BUSINESSES AN ESTIMATED YEAR PRODUCTIVITY EXPENSES CLIENTS SALES LEGAL COSTS %24 39% 35% 19% 11% say a bad hire reduced productivity in the workplace. say a bad hire created additional expenses incurred by recruiting and training a replace- ment employee. say a bad hire had a negative impact on clients. say a bad hire resulted in legal say a bad hire resulted in fewer sales. costs. MORALE 35% say morale is greatly affected. 95% say a poor hiring decision at least somewhat affects the morale of the team. WHAT CAN EMPLOYERS DO? ASSESS PERSONALITY FOR A BETTER FIT PERSONALITY TESTS 3 COMMON MISCONCEPTIONS OF HIRING MANAGERS: 82% of organizations do not use a personality test in the hiring process, but... Employees are interchangeable. 71% of HR professionals say that "personality tests can be useful in Skills and knowledge matter more than talents and personality. predicting job-related behavior or organization fit." The right training will make it possible for any employee to succeed in a specific job. SURVEY SUMMARY: New hires fail because of POOR INTERPERSONAL SKILLS, not technical skills. THE WSA CAN HELP. WSA WSA| WORKING STYLES ASSESSMENT" A self-administered career exploration tool that assesses a person's work-related personality traits-the traits that are related to effective job performance. Introductory Kit: $145 Professional Manual: $60 Assessment Booklet (pkg/25): $55 User's Workbook (pkg/25): $35 Score Summary Sheet (pad/25): $20 Sources: U.S. Bureau of Labor Statistics, 2009 CareerBuilder.com, 2012 survey Robert Half, 2012 survey Society of Human Resource Management, 2011 Leadership IQ, 2005 survey Gallup, 2013 The 7 Hidden Reasons Employees Leave, Leigh Branham, 2005 PAR Creating Connections. Changing Lives. Learn more about the WSA by visiting www.parinc.com or calling PAR Customer Support at 1.800.331.8378