Costs of a BAD Hire
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…