"One bad apple can spoil the whole bunch."
It's a popular phrase that refers to one person or thing that can ruin an entire group. At some point in our lives, we have all experienced a "bad apple." Within an office setting, one negative employee can bring down productivity and have a pervasive effect on the feelings of everyone around him or her. A new report shows that one wrong hire could be extremely costly.
According to a study by Harris Interactive and CareerBuilder, 27 percent of U.S. employers reported that a single bad hire can cost more than $50,000. On top of that, companies also reported a negative effect on productivity (36 percent), employee morale (32 percent) and client relations (18 percent), as well as fewer sales (10 percent).
This can make finding the right employee the first time even more important. It also raises the question of whether a business should hire internally versus externally.
A recent CIO article mentioned that traditionally, hiring internally costs less, is faster, helps build internal morale and has a better success rate. External hires, on the other hand, often offer a new perspective, bring more experience, are better educated and have skill sets that are better suited for a particular position.
"If it's a niche or particularly important role, sometimes you are better off trying to get someone from the outside rather than spending time and money on training," Tracy Cashman, the Partner and General Manager in the Information Technology Search division at WinterWyman, told CIO.
This describes the IT channel perfectly. With how quickly technology is evolving, businesses need to have a solution ready to go as soon as possible. VARs and MSPs can be a solid resource. Many industry-leading VARs and MSP have partnered with VAR Staffing to identify and recruit the impactful talent that is desired.