There’s no question that a bad hire is bad for business. The price of a bad hire adds up in a variety of direct and indirect ways.
Here are some startling figures to consider:
In a recent CareerBuilder survey, 25% of the companies surveyed stated that a bad hire cost at least $50,000 within the last year and 41% of the companies surveyed stated that a bad hire cost at least $25,000 within the last year. Total costs could reach five times a bad hire’s annual salary, according to the Society for Human Resource Management.
To read other helpful articles, please visit the CNI Recruiting Blog. For assistance avoiding sales, marketing and IT hiring mistakes, please contact me today!
Fred Neufeld
President
CNI Recruiting
[email protected]
(908) 874-6148
