Tag Archives: Bad Hires

Bad Hiring Decisions

Hiring the wrong person increases training costs, recruitment costs and severance costs (to name a few).  Inc.com says that turnover costs about 1.5 times the salary of the employee who needs to be replaced while the U.S. Department of Labor estimates that the average cost of a bad hiring decision can equal 30% of the individual’s first-year potential earnings. Those costs increase the higher up in the organization the turnover occurs. Continue reading