We all know hiring the wrong person can be a headache. But in finance roles, the impact can run much deeper than just an awkward probation review.

A bad hire doesn’t just cost time it hits your bottom line, slows down teams, and can even damage trust across departments.

So, what does it really cost?

According to various studies (including the REC), a bad mid-level hire on a £40,000 salary could end up costing a business over £130,000 once you factor in:

  • Recruitment and onboarding time
  • Training and lost productivity
  • Disruption to team dynamics
  • Knock-on impact on suppliers, customers, or reporting deadlines
  • And the cost of starting the whole process again

In finance, where precision, trust, and performance matter from day one, those numbers are very real.

Common Causes of a Bad Hire in Finance:

  • Rushing the process to “get someone in”
  • Relying solely on CVs rather than digging into soft skills and business fit
  • No clear brief or misalignment between hiring manager expectations
  • Lack of structure in interviews or not probing the right areas

How Turver Jones Helps You Get It Right (First Time)

We’ve seen the pain of bad hires and we’re committed to helping businesses avoid it.
Here’s how we do it differently:

  • We take a detailed brief, understanding the role, the team, the culture and what won’t work.
  • Every candidate is screened properly, with context, challenge, and honesty. No fluff.
  • We flag red flags early. If we’re not confident someone will thrive, we don’t push them through.
  • We guide you on interview structure and candidate experience so you don’t lose the right people through gaps in your process.

Final Thought

A bad hire can set a business back months. The right hire can change the game.
If you’re hiring in finance or accountancy and can’t afford to get it wrong let’s have a chat.

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