Amid a skills shortage, 73% of hiring professionals in certain industries — such as manufacturing, logistics and engineering — feel pressure to hire quickly, but they also feel the consequences of making rushed recruitment decisions, according to an Aug. 27 report from Talogy, a talent management solution provider.
This rushed hiring can lead to bad hiring decisions, with half saying they experienced increased costs from rehiring or training. In particular, respondents said they had increased costs where transferable skills were lacking, with 63% saying they observed decreased productivity and 56% saying they saw poor work quality.
“In the industrial labor market, competition for entry-level talent remains high, and finding the right people to fulfill front-line roles is increasingly challenging. It is therefore not surprising that many employers rush to make quick decisions without potentially going through the right process,” Trevor McGlochlin, managing R&D consultant from Talogy, said in a statement.
The hiring process has become more time-consuming and costly, with 93% of hiring managers saying it takes longer than two years ago, according to a Robert Half report. With the longer process, 30% said they’ve made a hiring mistake during the past two years, and 57% of those said it contributed to additional turnover.
In Talogy’s survey of 855 industrial hiring professionals, 21% said their organization experienced an increase in safety incidents after a bad hire.
In addition, 85% said hiring for quality and skill readiness is becoming “increasingly critical, particularly with advancements in technology impacting multiple industrial sectors,” according to the release.
Among the top four skills missing in most new hires, hiring pros said they wanted to see attention to detail, problem solving, communication and advanced technical skills, the report found.