Have you ever wondered how much it costs to hire a new employee? The national average cost-per-hire is almost $7,000 according to a recent survey by Staffing.org and the Bureau of National Affairs. In Orange County, CA, the cost of hiring is much higher than the national average, due to low unemployment and a strong economy. Plus, hiring for specialized positions increases the cost even more…
The tight labor market is forcing many employers to take hiring risks. With labor in such short supply, it’s easier than ever to make a hiring mistake. Losing the gamble and hiring the wrong employee can significantly impact your organization. Some experts estimate that a bad hire can cost two to three times the employee’s annual salary. Plus there’s the opportunity costs of lost business, training time, the impact on the morale of existing employees, etc. That’s why it’s so important to make the right hiring choice…