National Federation of Independent Business Cites Dallas Executive Search Firm Carl J. Taylor & Co. Regarding the Impact of Bad Hires
The National Federation of Independent Business (NFIB) has recently published a series of articles regarding the mistakes small businesses make when hiring in which they cited Carl Taylor, President of Executive Search Firm Carl J. Taylor & Co.
Dallas, TX (I-Newswire) September 23, 2013 - The National Federation of Independent Business (NFIB) has recently presented a series of articles regarding the mistakes small businesses make when hiring new employees and leaders. In one of those articles, Carl Taylor, President of Dallas Executive Search Firm Carl J. Taylor & Co. noted that "a bad hire is hard on any organization but especially a smaller company."
When asked to elaborate, Taylor stated, "companies can calculate most of the hard dollar or out of pocket costs associated with a hiring mistake, but many organizations do not consider the full impact of such a decision." Lost sales, missed opportunities to improve or strengthen operations, and the inability to initiate new programs or open new markets are some of the results business owners and other hiring executives have mentioned to him.
Taylor noted that a company's employees, customers, vendors, and even the communities in which it operates can feel the effect of a hiring mistake. An executive or manager level hire will interface with people inside and outside the company, and usually, the more senior the hire, the greater the impact. A bad hire in a key position may cause good employees to leave the company or encourage good customers to go to the competition. In addition, a bad hire reflects poorly on the owner's or management's decision-making, and it may lead to damaged credibility and/or trust.
The specific dollar impact of a bad hire will vary from company to company, and it will be determined by a number of factors, including the position of the hire and how long the person stays in the position. Recovering from a bad hire requires dollars, time, and in many cases, a lot of special effort to restore relationships and trust.
Carl J. Taylor is a Dallas based Executive Search Consultant with over 25 years of experience in the recruitment industry. Carl J. Taylor & Co. has successfully completed challenging search assignments for key Board of Director and Management level positions throughout Texas and around the country. To learn more about Carl J. Taylor & Co., call (972) 490-7697 or visit the firm's website at www.carltaylorco.com.
Carl J. Taylor & Co.
13419 Hughes Lane
Phone : (972) 490-7697
Published On:September 23, 2013
Print Release:Print Release
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