Tag - Financial Costs

July 2019

The True Cost of a Bad Hire

Hiring is expensive but even more costly if you end up hiring the wrong person. Much of this expense can be financial, but a bad hire will have wide-reaching effects on other aspects of your business. Below are the top three costs of a bad hiring decision. Financial Costs According to a study by SHRM (The Society for Human Resources Management), the price of a bad hire can be up to 5 times their annual salary. A five-figure investment in a bad...

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