What to do when you realize you made a bad hire

Finding, evaluating and onboarding new talent can be time-consuming and expensive, yet you don't want to cut corners because you know how important it is for the success of the business. Getting it right enhances the company culture and provides a good return on your investment in the hiring process; getting it wrong ends up costing the company much more in the long term. While it isn't easy to admit you've made a significant mistake in hiring someone who's a poor fit, you need to act decisively to remedy the situation. Here, Lis Kislik shares the steps to follow that "will help you recover and move on with the least possible damage to all parties."

[Read the full article on hbr.org] 

Image credit: Catherine Lane / Getty Images 

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