How to prevent a Bad Hire – the 7 “non-negotiables”

The costs of a bad hire are staggering. A recent survey by Career Builder reports more than two-thirds of employers were affected by a bad hire last year, according to AOL Jobs. Of nearly 2,700 employers surveyed, 41% estimate a single bad hire cost $25,000; a quarter estimate a bad choice cost $50,000 or more — not to mention the demoralizing effect of the issue on other employees and on the new hire. Losing a job is one of the most stressful events one can experience.

In a recent HBR article David Williams and Mary Scott outline the 7 “non-negotiable” they focus on when hiring; these are Respect, Belief, Loyalty, Commitment, Trust, Courage and Gratitude. To find out more about their approach to avoid making bad hiring decisions, have a read.