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3 Ways Your Small Business Can Avoid Making a Bad Hire

3 Ways Your Small Business Can Avoid Making a Bad HireMaking the wrong decision during the hiring process can come back to haunt your small business. In fact, a bad hire can cost you and your business time and money. According to a recent survey, 41% of business owners said that a bad hire has cost them at least $25,000 in the past year. Of course making a rash decision during the hiring process can be attributed to needing the position filled ASAP. But how do you prevent wasting countless hours and dollars with bad hires? Easy, you avoid making a bad hire in the first place. Here are a few tips for doing so. 1. Do Your Research Before you send out your acceptance letter, be sure to do your homework on a job candidate. Always conduct an adequate background check and follow up with references, as references can be the best resource for verifying your hiring decision. If references are unwilling to disclose much information with you, this could be a warning sign. 2. Don’t Skimp on the Interview Provide your job candidate with an adequate interview. Not only do you need to ensure the candidate is fit for the job opening, but if anything, it will provide him or her with the proper training for future job interviews. Here are a few key questions to ask during a job interview. - Are you concerned to finish a project on time or make sure it is perfect? - Have you ever failed? What did you learn from the experience? - Explain your decision-making process. - If you were to be hired, what would you do to help improve this company? For more interview questions, you can check out a complete list from ABC News. 3. Go Straight to the Source Conduct a preemptive strike when searching for new hires. Don’t let them come to you. Much like fishermen know where the fish are biting, you too can reel in talented individuals before anyone else. Social media is a great place to start looking for talented individuals. “Searching within relevant LinkedIn groups is a great way to find qualified candidates,” said Mary Decker, corporate HR administrator for Wasp Barcode Technologies. “Job seekers often demonstrate their expertise by giving advice, while providing recruiters better insight into their skill level.” Check out our recent post on how you can tap your social networks to find great talent before putting out a help wanted sign. The idea is to get creative when looking for talent. Need a graphic designer? Check out graphic design forums, colleges, or popular blogs for qualified individuals looking for a job. Have you ever experienced a bad hire in your business? What did you do differently during the next hiring process? Share your story with us in the comments below!