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May 20, 2019

The Cost of a Bad Hire

Making a bad hire can have many consequences for your organization. In this video, we discuss the five costs associated with hiring the wrong individual and how to overcome them.

The 5 Costs Are:

  1. The new hires salary costs.
  2. Recruiting and hiring costs: Time reviewing resumes, interviewing, and training new employee.
  3. Cost of lost productivity.
  4. Cost of decrease in employee engagement, morale, etc.
  5. The opportunity cost of not hiring a good hire, who not only would not have these negative costs associated with them, but also would have “positive costs.” 
 
You may also like:
  1. Understand the impact a bad hire can have on your entire organization in our article that breaks down the true cost of a bad hire.
  2. Review the 10 interview questions we have put together for your executive-level interviews.
  3. Hire 'A' players by identifying these 5 things in your candidates.
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