How Hiring Executive Search Firms In Mumbai Can Help You Eliminate The Cost Of Bad Hires In Your Company

Did you know that the cost of a bad hire, especially at a senior level, runs in Crores?

The Costs Include:

·      Training the new hire

·      Advertising a new position every time you are hiring or rehiring

·      Lower team morales

·      Decreased productivity

·      Hours spend screening each candidate

·      Interviewing potential candidates

·      Shortlisting and re-interviewing potential candidates

·      Performing background checks

·      And much more

Shocking Isn’t It? 

Companies tend to use an effective in-house human resource recruitment process. But how effective it is in real life is something prone to debate at every stage of your business. An effective hiring process, in unbiased terms, is simply a streamlined hiring process that not only reduces the costs of hiring the top talent in the market but reduces the turnover rate providing the company a much stable leadership setting the company on the path of productivity and growth.

So How Best To Eliminate The Cost Of Your Bad Hires In The Long-Run? 

The answer is simple - Hire a good executive search firm in Mumbai. 

Executive search firms in Delhi are specialized in recruiting professionals and get you the best talent available in the market. Here are some of the benefits your company can reap from getting the help of an executive search firm in Bangalore:

1. Quickly Fill Vacant Positions

Skilled candidates are in the market for a short span of time. So in order to hire the best, you need to act fast. Having a search firm can help you find potential candidates in a much faster way. The firm provides you a team of professionals who not only find the right candidates from their own widened network but also help you with the negotiating and on-boarding stages, thus making the entire process quick and painless for the top leaders of the organization. 

2. Hire Cultural Fits 

One of the biggest reasons for a higher turnover rate in the C-suite employees is when they feel that their core values do not resonate with the company values. Having a search firm is specifically beneficial here as they help find the candidates that are fit from both skill and company culture perspective. Owing to the years of experience working in the hiring industry, they have an eye to screen and judge which candidate would adjust better in your company environment thus providing you with lesser but meaningful options to pick from. 

3. Recruit Passive Candidates

Another way to eliminate the possibility of a bad hire is by widening your talent pool. Search firms have in-built talent pools that consist of both active and passive candidates, thus increasing your chances of a good hire and a better retention rate in the longer run.