June 14, 2023
The Real Cost of a Bad Hire
A bad hire can cost a company 30% of the hire’s first-year salary, according to the U.S. Department of Labor. The longer the open position stays unfilled, the more money a company loses. The worse hires a company onboards, the more time wasted on supervising the underperforming employee. Time is money and these bad hires can add up.