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The Cost of a Bad Hire Can Be Surprisingly High

Businesses lose a significant amount of time, money, and effort by recruiting, hiring, and training the wrong person. These individuals can cause significant problems within the workplace, so it’s important hiring managers put in the time and effort to ensure they have the best pool of available applicants for job openings. According to Robert Half statistics, 61 percent of the time was wasted hiring and training an individual, increasing stress and decreasing confidence within a business. It can take 27 weeks to recognize a bad hire, let the person go, and replace the individual with a suitable applicant.

 

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Posted Under: Cost of Bad Hires

Post By Ken Shafton (1,250 Posts)