Three consequences of hiring too fast for your creative agency
- May 16, 2018
Three consequences of hiring too fast for your creative agency
It’s no big secret that marketing recruitment can be stressful and time consuming - where it often feels like you’re drowning in deadlines and your clients need everything done yesterday. But despite all the advice out there to hire fast and fire slow, being too quick to hire could actually create more problems in the long run.
No matter how tempting it might be to get staff on board fast, we recommend you take your time where possible when it comes to your marketing recruitment. By rushing through the recruitment process you’ll actually end up wasting more time in the long run as you deal with the resulting issues and you’ll end up right back where you started - but with mounting deadlines and even more stress, whilst also having to deal with candidates who just don’t cut it. Read on to discover the three most common consequences we see when people hire too fast…
1. It’ll cost you more money
Think that cutting corners by speeding through the recruitment process will save you money? Well, you thought wrong. 85% of HR decision makers admit their business has made a bad hire*, but most don’t actually know the cost this has on the business. It’s estimated that recruiting for any one position costs a company approximately 25% of the employee’s basic annual salary** - and that’s if you find the right candidate straight away! When it comes to a bad hire, the REC predicts that at a mid manager level with a salary of £42,000 the cost could total £132,500*** when you consider the cost of wasted salary and training, recruiting, loss of productivity and staff turnover costs. Now imagine you make the mistake of rushing your recruitment process and hiring the wrong person more than once. Yes, interviews might seem like a waste of time, but it’s much better to take a bit of extra time initially in order to save hundreds of thousands of pounds in the long run.
2. It’s a waste of time and opportunities
In today's busy world, no one has the time to repeat lengthy recruitment processes again and again like you’re stuck in a hiring Groundhog Day. If you rush things and end up recruiting the wrong person though, that’s exactly what you’ll end up doing. Not only is this a huge drain on time and resources, but for every day your position is unfilled you’ll be missing out on all the opportunities your new recruit could bring to the team. And if you have filled your position but with the wrong candidate, you’ll end up wasting months of someone who doesn’t have a strong output rather than benefiting from weeks of a successful candidate excelling in the role. When you put it like that, it definitely makes sense to slow down, take your time and ensure you make the right decisions.
3. It’ll impact your company culture
One of the biggest problems with hiring candidates too quickly without getting to know them properly is that they might not fit in with your company culture. If you rush through the marketing recruitment process without getting to know your candidate, you can’t be sure that they share your company ethos and values. This means that they might not embed well with the company culture or work well with their colleagues - which could potentially disrupt the entire team. All of this can have a huge knock-on effect when it comes to productivity and staff morale - and in a creative environment where your staff need to bounce ideas off each other and work together, it could cause real problems across your team.
In conclusion, conducting a more extensive recruitment process is a surefire way to find better talent - and if you don’t have the time? Well, you’ll just have to make it! We’re not saying there’s any need for a long, drawn-out 12 stage interview process, though - and don’t worry, you can still move your candidates through the recruitment process efficiently. You just need to make sure your process is thorough so you can be confident you are finding the right candidates first time around.
If you’d like to find out more about how to recruit the best possible creatives for your agency, contact our dedicated marketing recruitment team today.
Sources:
** https://www.hrreview.co.uk/analysis/analysis-recruitment/the-true-cost-of-businesses-recruiting-the-wrong-person-for-the-job/11081
*** https://www.rec.uk.com/news-and-policy/research/perfect-match