Anatomy (and Costs) of a Bad Hire

A recent CareerBuilder survey has revealed that companies lost an average of $14,900 per bad hire made in 2017. Thirty-five percent of the respondents claimed that the number one reason for making a bad hire was that the candidate didnt have all the needed skills for the position. Other factors include a candidate lying about qualifications, taking a risk on a nice person and pressure to quickly fill a role. Making a bad hire doesnt just stop with one person, though, either. Studies show that poor performers lower the bar for other workers on their teams. While the impact of a bad hire affects productivity, quality of work and the time to recruit and train a replacement, CareerBuilder said that its losing a better candidate that is the worst part of making a bad hire.

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Posted Under: Cost of Bad Hires

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