One of the worst things you can do as a company is make a bad hire. The investment it takes to get them up to speed as a highly functional member of the team goes down the drain, the amount of time you'll need to micromanage performance issues, the toxicity they bring to their team and the culture, and depending on how well or poorly you handle this individual will directly impact the way your top performers view you or their desire to stay at a company that is willing to bring on and tolerate those types of employees. This is why I try very hard to follow the first rule of hiring, there is no settling in hiring.