A wise person remarked something to the effect of, "We spent 10% of our time selecting good candidates and end up spending 90% of our time on managing those selection mistakes." Estimates of the cost of a bad hire range between 30-100% of the total cost of the employee, with some sources citing even higher costs for critical talent and leadership roles.
HRHeadStart #6: The Talent Acquisition Edition
HRHeadStart #6: The Talent Acquisition…
HRHeadStart #6: The Talent Acquisition Edition
A wise person remarked something to the effect of, "We spent 10% of our time selecting good candidates and end up spending 90% of our time on managing those selection mistakes." Estimates of the cost of a bad hire range between 30-100% of the total cost of the employee, with some sources citing even higher costs for critical talent and leadership roles.