Each Bad Hire is Expensive
According to a CareerBuilder survey, companies lose an average of $14,900 on every bad hire, and it’s a common mistake — nearly three in four employers (74 percent) say they’ve hired the wrong person for a position.
Bad hiring decisions lead to high attrition, and the company has to undergo the entire cycle of spending resources to look for replacements all over again. Most companies are unable to solve this problem as they don’t know the qualities to look for in potential candidates to ensure a good fit.
