Employers gambling when it comes to hiring: survey

A quarter of new hires are underperforming.
By Laura Cassiani
|Canadian HR Reporter|Last Updated: 03/16/2001

Employers who use traditional hiring methods are taking a gamble when they hire: nearly one-quarter of the people they hire will fail, suggests a new survey.

Research from the Richard Ivey School of Business in London, Ont. shows that most firms continue to use informal interviews and resumes to hire for all types of positions — methods that don’t predicate or identify high performance employees — and so they aren’t always getting the right person for the job.

The survey of 141 firms suggests that by using traditional methods to select people companies are really leaving hiring the right person for the job to chance.