What is the true cost of a bad hire?
I ran across this terrific article written by Kellie Brown from Humantelligence on the cost of a bad hire. We all strive to be as careful as possible in our hiring protocol, but occasionally a bad apple gets through. We it does, the consequences can be very costly.
Here is an excerpt from the article:
As we mentioned, the average cost of an employees is usually 20% of his orher salary, which tends to be $6,000 to $15,000. However, when evaluating the cost of a more experienced employee or someone with more specialized skills you can be looking at as much as four times salary.
This includes everything from recruitment advertising fees, staff time, potential loss of customers, relocation and training costs for replacement hires, and more.
The entire article can be found at https://www.tlnt.com/what-you-can-do-to-avoid-bad-hires/.
I hope you have a successful week.
Ken
Ken Lazar, CEO
Ability Professional Network, LLC
www.abilityprofessional.com
m 614-403-6079
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