Attributes should be your Focus
The article at this link puts a focus on Attributes and has a great infographic, but does take the full step to help you hire the right people.
The article at this link puts a focus on Attributes and has a great infographic, but does take the full step to help you hire the right people.
A great walk through of a real situation mixed with some great info in this article here. This article says a bad hire can cost up to $336,000 Annually or $28,000 a month!
According to a blog post by a well-known recruiter named Jorgen Sundberg, the real cost of onboarding is $240,000 per employee. That’s some serious sticker shock. Sundberg now runs Link Humans, a content marketing company.
He notes that the total cost of recruiting the wrong employee includes hiring, total compensation, eventual severance pay, and other factors like legal fees and totals more like $840,000 when you factor in all of these costs. (This is based on hiring a mid-level manager who works 2.5 years and is then terminated and replaced.)
Great article by Adam Toren at Entrepreneur here. Two things I take from this article are:
This is another great article here. Below are some of the points I have taken from this article.
When asked to give a reason for the bad hires, 34 percent of employers said sometimes things just don’t work out. However, a rushed decision topped the list of reasons companies gave for making a bad hire.
The price of a bad hire adds up in a variety of direct and indirect ways. For example, 9 percent of companies said bad hires resulted in legal issues and 11 percent said they resulted in fewer sales. The most common effects of a bad hire are:
Good information from this article here. Below are the bullet points:
Another great article here.
Direct costs include: