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Episode 31: Don't make the mistake of a bad hire
Manage episode 362011382 series 3319083
İçerik Rich "Wallstreet" Williams tarafından sağlanmıştır. Bölümler, grafikler ve podcast açıklamaları dahil tüm podcast içeriği doğrudan Rich "Wallstreet" Williams veya podcast platform ortağı tarafından yüklenir ve sağlanır. Birinin telif hakkıyla korunan çalışmanızı izniniz olmadan kullandığını düşünüyorsanız burada https://tr.player.fm/legal özetlenen süreci takip edebilirsiniz.
The cost of a bad hire can vary widely depending on the industry, level of position, and specific circumstances. However, here are some statistics to consider:
The cost of a bad hire can be up to 30% of the employee's first-year earnings. (Source: The Society for Human Resource Management)
According to a CareerBuilder survey, 41% of employers estimated that a bad hire cost them more than $25,000, and 24% said it cost them more than $50,000.
A study by the Center for American Progress found that the cost of replacing an employee who earns less than $50,000 a year is approximately 20% of their salary. For employees earning $50,000-$75,000, the cost of turnover increases to 30% of their salary. For executives or employees earning more than $75,000, the cost can be as high as 213% of their salary. The cost of a bad hire extends beyond just financial loss. It can also result in lost productivity, decreased morale, and a negative impact on the company's reputation. The length of time it takes to identify a bad hire can also impact the cost. #bad #hire #mistake
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