The Cost of Hiring the Wrong Physician

Let's face it...you can hire the wrong physician for your opportunity.  Hopefully that does not happen, and at The Hire Connection, our success rate for placing the right physician in your opportunity is one of the main reasons you should call us.  However, if the wrong physician is hired, what is the cost to your organization?  Here are some costs associated with hiring the wrong candidate:

Poor hires are a drain on your resources in a big way.

Financial

Obviously, the financial cost of hiring the wrong candidate is reason #1.  Salary, relocation allowances, signing bonuses and compensation for school debt are all drains on your organizations finances if the wrong person is hired.  In addition, you may have to pay a severance package to someone that you have to let go.  The US Department of Labor estimates that the cost of a bad hire can equal 30 percent of the employees first year's earnings.  

Time and Productivity 

Hiring the wrong person invariably is a huge drain on the time of many people, from department heads to upper management and human resource departments.  If training is involved, immediate supervisors and trainers will see no return on the time spent trying to get the new hire up to speed.  If there is conflict involved, then even more time is spent to try to remediate the conflicts and supervisors can spend a large part of their day trying to manage poor performers.

Morale

Nothing can kill the morale of an organization faster than a poor hiring choice.  Having a poor performer can demotivate the team and your other employees can become disinterested or stop engaging.

Reputation of the Medical Facility

Your physicians are the lifeblood of the organization, and have the most face to face time with your patients.  Hiring the wrong physician can have a devastating effect on the reputation of the medical facility or hospital.  Social media makes this even more damaging. If a patient has the wrong experience with a physician, you can bet it will be on Facebook or other social channels very quickly. 

So how do I keep from hiring the wrong candidate?

Keep in mind that 80% of turnover is due to bad hiring decisions, so examine your recruiting processes carefully.  If you find that you are continually hiring candidates that are disrupting company culture, decreasing your productivity, and causing lost revenue, then consider hiring a professional medical recruiting company like The Hire Connection.   Our processes include:

1. Constantly researching QUALITY candidates
2. Keeping a current list of potential candidates
3. Using technology to find and recruit top candidates
4. Vetting candidates based upon your input about your culture and environment
5. Working to ensure candidates' families know in advance about the community
6. Much more!

Don't lose more time/money/energy or the reputation of your facility.  Give us a call and we will help you find the RIGHT candidate.

The Hire Connection Team

Call Us Today!
866-661-4473

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