How to Build an Impactful Hiring Plans | Checkr Resources
2026-02-28 22:15 Diff

The U.S. Department of Labor estimates the cost of a bad hire to be at least 30% of the hire’s first year salary and Forbes recently noted, “chief financial officers actually rank a bad hire's morale and productivity impacts ahead of monetary losses.”  Bad hires often impact company culture, team objectives, and overall engagement.

It can be hard to course correct after making a bad hire which is why it is so crucial to prevent hiring the wrong person in the first place.  Structured hiring plans are tools to help align hiring managers, recruiters, and interview panels on the criteria candidates must meet to be a qualified, high-performing new hire.  A structured hiring plan outlines how the hiring team will recruit, screen, interview, and analyze candidates.