Is your “perfect” candidate a hidden liability? In the competitive job market, a resume often tells you what a candidate can do, but it rarely reveals what they will do. This gap between skills and behaviour is where costly hiring mistakes happen.
The Real Cost of a Bad Hire
Hiring the wrong person is more than just an inconvenience; it is a financial drain. Recent industry reports suggest that a single bad hire can cost an Indian company anywhere from ₹9 lakhs to ₹20 lakhs, or up to 200% of the employee’s annual salary.
These costs aren’t just monetary. They include:
- Wasted Time: Hours spent on sourcing, interviewing, and onboarding.
- Productivity Dips: A mismatched employee can drag down team morale and efficiency by 30-40%.
- Replacement Costs: The cycle of re-hiring is expensive and distracting for HR teams.
Why “Gut Feeling” Isn’t Enough
Many recruiters relied on “gut instinct” or university pedigree. However, in a market flooded with talent, these methods are prone to bias. A candidate might interview brilliantly but lack the emotional intelligence or resilience needed for a high-pressure role. Thus a scientific approach , which relies on data is a must.
Enter Psychometric Assessments: The Game Changer
Psychometric assessments act as an objective “filter” that goes beyond the CV. Tools
- Predicting Cultural Fit: Skills can be taught, but attitude is hard to change. Psychometric tests reveal if a candidate aligns with your company’s value.
- Assessing Soft Skills: They measure traits, which are often invisible in a standard interview.
- Reducing Attrition: By ensuring a better role-fit from Day 1, you significantly lower the chances of the employee leaving within a few months.
Investing in psychometric testing is not an extra expense; By using data-driven insights, you ensure that your next hire is an asset, not a liability.
