Everyone can agree that a bad hire is a costly mistake and also inconvenient. But do you know just how expensive hiring the wrong employee is to your business? The Cost of a Bad Hire It’s expensive to hire a bad employee. To calculate the cost of a bad hire, you will need to consider all these factors: Recruitment advertisements fees and staff time Relocation and training costs for replacement hires Negative impact on team performance Disruption of projects Lost customers Weakened employer brand Litigation fees These areas are several examples of how much a bad hire can cost your company. Calculate the cost of several of those examples and it can be a very expensive learning lesson. Increase
Company culture is a very important part of a successful company. The "right" culture attracts and keeps talented people while the "wrong" culture drives away good people and limits the success of your business. While everyone talks about their company culture("we're great, we're kind, we're wonderful to work for) when talking to prospective employees, it's rare that the conversation continues past the hiring stage or clearly articulated so everyone knows what's expected and what to look for. Developing a healthy corporate culture needs to be a constant focus for any size company. Forget to do this and your inspired, motivated, wanting to change the world team becomes a bunch of "cloc
