Lost Time, Missed Opportunities: The Cost of a Bad Hire Almost 1 in 4 hiring managers admit to making a bad hire. What would that mean for your company? On average, managers say it took them 11 weeks to terminate the new hire and another 8 weeks to restaff the position. That’s almost 5 months of lost work, production and opportunities. Termination process — Week One of Month One through Week Three of Month Three Restaffing — Week Four of Month Three through Week Three of Month Five 6 TIPS TO BETTER HIRING 1. Pay salaries equal to — or higher than — your competitors. 2. Assess soft skills in interviews. 3. Include remote candidates, when possible, in your search. 4. Consider internal candidates. 5. Act fast when you find a promising candidate. 6. Don’t go it alone. Work with an expert. Source: Robert Half survey of more than 2,100 hiring managers. © 2024 Robert Half Inc. An Equal Opportunity Employer. M/F/Disability/Veterans.