One in Three Employees Are a Mistake

One in Three Employees Are a Mistake Sponsored by Hiring Hub, an award-winning UK-based tech company that helps businesses find and hire the best talent, faster. Recent research by online recruitment marketplace, Hiring Hub, has found that  nine out of ten UK businesses are making compromises when hiring, with one in  three candidates described as “less than ideal” for the role. For business owners, this is clearly a costly mistake, but Hiring Hub’s research  shows it’s happening almost as a matter of routine, which is having a dramatic  impact on business growth, productivity, and the UK economy as a whole. There are approximately 700,000 jobs waiting to be filled in the UK at present.  With an average of six candidates interviewed for a role, each for an hour, this  equates to 4.2 million hours spent interviewing candidates. But that’s just half  the story. The study also found that only 48% of the whole recruitment process is spent  actually getting to know the candidate in interviews. The other 52% is spent  managing recruitment agencies and vetting CVs. That’s a total of 8.7 million  hours. Or 362,500 days, each year. If one in three aren’t ideal, you are looking at 2.6 million wasted hours. With that in mind, it’s no surprise Britain is lagging well behind other advanced  economies when it comes to productivity and growth. But that doesn’t need to be  the case. Hiring Hub have identified 5 ways you can improve the outcome of your  recruitment process today, so you can avoid making a compromise and hiring  unsuitable candidates. Author: Simon launched Hiring Hub in 2011 with co-founder, Sara Jones, intent on making it easier for companies to find and recruit talent, faster.  It has raised £1m of growth capital, which has helped Hiring Hub develop into one of the most exciting and talked about technology companies in Britain; it was ranked #34 in the UK’s Top 100 Startups and was included in both the Future 50 and Accelerate 250.  In addition to Hiring Hub, Simon Chairs the Conservative Party’s Northwest Business Council and is an ambassador for the National Apprenticeship Scheme.