{"id":15243,"date":"2017-05-24T00:00:00","date_gmt":"2017-05-24T00:00:00","guid":{"rendered":"https:\/\/pinnacle-people.ap.applyflow.com\/new-hire-fail-rate\/"},"modified":"2017-05-24T00:00:00","modified_gmt":"2017-05-24T00:00:00","slug":"new-hire-fail-rate","status":"publish","type":"post","link":"https:\/\/www.pinnaclepeople.com.au\/new-hire-fail-rate\/","title":{"rendered":"Your New Hire Fail Rate Could be 50%"},"content":{"rendered":"<p>&#13;<br \/>\n\tA recent article<a href=\"https:\/\/www.eremedia.com\/ere\/ouch-50-of-new-hires-fail-6-ugly-numbers-revealing-recruitings-dirty-little-secret\/\"> by Dr. John Sullivan<\/a> presented the shocking statistic that on average, 50% of new-hires failed, across all levels. Given the effort and expense involved in recruiting new workers (especially at the management and executive level) this is a number that no doubt most managers would be appalled by. In fact, only 1 in 5 new-hires were able to be declared a success.<\/p>\n<p>&#13;<\/p>\n<p>&#13;<br \/>\n\tThere are a number of factors contributing to this anomaly, first and foremost being that recruitment is a field which is often not measured. Additionally, recruitment processes tend to be somewhat intuitive and if they are updated, are often updated one piece of the process at a time rather than analyzing and re-designing the whole system. This figure also does not encompass further problems such as the loss of qualified potential candidates due to unfriendly application processes.<\/p>\n<p>&#13;<\/p>\n<p>&#13;<br \/>\n\tOf course, you can&rsquo;t manage what you don&rsquo;t measure so the first step should be to define what you count as failure. This analysis might include &ndash; new hires that are terminated (especially during the trial period), the acceptable training period in which to bring employees &lsquo;up to speed&rsquo; with company systems, job performance against KPIs, fit within the team, diversity, salary justification and early voluntary turn over (within 6, 12, or 18 months, for example).<\/p>\n<p>&#13;<\/p>\n<p>&#13;<br \/>\n\tThe problem remains that finding quality staff is often a race which ends in hiring the best of a bad bunch. To try to combat these problems we recommend, when in doubt &ndash; hire on attitude and team fit, then train, coach, mentor and love them, to have the best chance of retaining your new star talent.<\/p>\n<p>&#13;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent article by Dr. John Sullivan presented the shocking statistic that on average, 50% of new-hires failed, across all levels.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","footnotes":""},"categories":[53],"tags":[],"class_list":["post-15243","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.pinnaclepeople.com.au\/af-api\/wp\/v2\/posts\/15243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinnaclepeople.com.au\/af-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinnaclepeople.com.au\/af-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinnaclepeople.com.au\/af-api\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinnaclepeople.com.au\/af-api\/wp\/v2\/comments?post=15243"}],"version-history":[{"count":0,"href":"https:\/\/www.pinnaclepeople.com.au\/af-api\/wp\/v2\/posts\/15243\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.pinnaclepeople.com.au\/af-api\/wp\/v2\/media?parent=15243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinnaclepeople.com.au\/af-api\/wp\/v2\/categories?post=15243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinnaclepeople.com.au\/af-api\/wp\/v2\/tags?post=15243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}