Hiring costs you money. From the time it takes your HR people to read resumes and conduct interviews to the very real costs of running background checks and drug screens -- the dollars add up. While skipping or glossing over steps in this process might seem like a great cost-saving move, the truth is, hiring the wrong person costs you much more in the long run.
Monetary costs are not the only risks. Hiring the wrong person can affect morale and productivity. Not hiring the right person can land you in a vicious cycle of spending and being understaffed.