The Cost of a Bad Hire
Hiring the right employee is one of a manager’s most important responsibilities.
While there’s no perfect formula, a poor hiring decision can be costly, both financially and organizationally.
Financial Impact
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A bad hire can cost 30%+ of first-year salary (U.S. Dept. of Labor)
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Costs rise with training, lost productivity, and turnover
Other Consequences
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Lower team morale and culture disruption
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Lost productivity from underperformance
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Client loss due to poor service
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Reputation damage from negative experiences
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While there’s no perfect formula, a poor hiring decision can be costly, both financially and organizationally.
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Team disruption from poor collaboration
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Time drain on supervisors managing poor performance
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Recruitment and training costs for replacements
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Potential legal issues, such as workers comp claims
To support your efforts in hiring an effective workforce, our customer portal offers easy access to educational resources designed to help you stay informed and proactive. Existing customers can log in anytime to explore these materials.
Access the portal here: https://app.peiwc.com/