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The process of hiring a new employee can be strenuous and expensive, but it’s worth taking the time to do it right the first time because a bad hire can set you back.
>The average cost of a bad hire ranges from $17,000 to $240,000.
>80% of turnover is due to a bad hire.
>74% of employers state they hired the wrong person for a job.
>68% of all bad hires is caused by a lack of skill assessment.
>60% of bad hires will negatively affect the performance of other team members.
Making the right decision the first time is essential, but how can hiring managers be sure they’re bringing on the correct people?
This article is for business owners and hiring managers looking to avoid bad hires and reduce their employee turnover. Sign up to our newsletter and receive your copy today!
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