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The real cost of hiring the wrong people

What’s the real cost of hiring the wrong employee? Eye-watering, according to the latest research. Last year online job board Career Builder interviewed over 2,300 US hiring managers and HR professionals and found that three-quarters of them admitted having hired the wrong person for a position, at a cost of up to USD 24,000 each for larger firms. It’s a similar story in the UK, where replacing an employee costs more than GBP 30,000 – or GBP 4bn per year across the country – not to mention taking an average of eight months to get a replacement up to speed. But what exactly do we mean by ‘hiring the wrong person’? As employers, we have every opportunity to assess the [...]

By |August 15, 2017|Categories: Customer Service, Hiring, Staffing|0 Comments

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