A collaborative study by the Harris Poll and Career Builder found that the cost of a bad hire to an average employer is more than $15,000. Worse yet, bad hires are a common mistake. Companies reported that, in hindsight, 74% of employers admit to making significant hiring mistakes.
Simply put, bad hires hurt. They poison the culture in an organization and their disengagement is contagious. They lower the bar for the other people on the team as their bad habits spread. It can become a vicious cycle and become an out-of-control situation rapidly. Why? People relate more to negative than to positive information. Negative people create a multiplier effect.