• Home
  • Training
    • Finance
      • Managerial Accounting
      • Financial Accounting
      • Tax Accounting
      • Treasury
      • Auditing
    • People & Culture
    • Supply Chain
    • Management
    • Marketing
    • Business Technology
      • Digital Transformation
      • Information Security
      • Cyber Security
      • Data-Science
    • Apply as a facilitator
    • Simflex Business Simulation
    • EC-Council
    • Development Centers
    • Business Intelligence
    دورة سلاسل الإمداد

    دورة سلاسل الإمداد

    Free
    Read More
    CIA | Certified Internal Auditor®

    CIA | Certified Internal Auditor®

    9,000EGP
    Read More
  • Events
  • Blog
  • About Us
  • Testimonials
  • Contact
High Performance AcademyHigh Performance Academy
  • Home
  • Training
    • Finance
      • Managerial Accounting
      • Financial Accounting
      • Tax Accounting
      • Treasury
      • Auditing
    • People & Culture
    • Supply Chain
    • Management
    • Marketing
    • Business Technology
      • Digital Transformation
      • Information Security
      • Cyber Security
      • Data-Science
    • Apply as a facilitator
    • Simflex Business Simulation
    • EC-Council
    • Development Centers
    • Business Intelligence
    دورة سلاسل الإمداد

    دورة سلاسل الإمداد

    Free
    Read More
    CIA | Certified Internal Auditor®

    CIA | Certified Internal Auditor®

    9,000EGP
    Read More
  • Events
  • Blog
  • About Us
  • Testimonials
  • Contact

Human Resources

  • Home
  • Blog
  • Human Resources
  • Effect of Bad Hiring

Effect of Bad Hiring

  • Categories Human Resources
  • Date June 2, 2015
  • The average cost of a bad hiring decision can equal 30% of the individual’s first-year potential earnings. (From the US Department of Labor and Statistics)
  • The successful aren’t immune, and they’ve had to learn from their mistakes. Zappos CEO, Tony Hsieh once estimated that his own bad hires have cost the company well over $100 million.
  • 66% of employers said they experienced negative effects of bad hires in 2012. Of these employers, 37% said the bad hire negatively affected employee morale. Another 18% said the bad hire negatively impacted client relationships. And 10% said the bad hire caused a decrease in sales. (A study from the National Business Research Institute)
  • 43% of respondents from the same NBRI study cited the need to fill the positions quickly as the main reason that bad hires are made.
  • It costs $7,000 to replace a salaried employee, $10,000 to replace a mid-level employee, and $40,000 to replace a senior executive. (From HR.com)
  • As much as 80% of employee turnover is due to bad hiring decisions. (From Harvard Business Review)
  • 36% of 1,400 executives surveyed claimed that the leading factor of a failed hire, aside from performance problems, is a poor skills match. The second leading factor at 30% was unclear performance objectives. (Study done by Robert Half)
  • 41% of companies polled by Vitamin T Staffing Firm estimated that a bad hire cost more than $25,000, and 1 in 4 said that it cost them over $50,000. SayIt Communications calculated the ROI of a bad hire at -298%.
  • 75% of the demand to hire new employees is simply to replace workers who have left the company.

Tag:Human Resources

  • Share:
Wordpress Admin

Previous post

Liquidity Vs Profitability
June 2, 2015

Next post

Cost Accounting Helps a Business to Thrive and Grow
June 8, 2015

You may also like

HR-9
التقاعد التدريجي
6 May, 2020
Digital HR
الموارد البشرية الرقمية
22 April, 2020
HR-7-800×419
ما هو دور الموارد البشرية أثناء إنهاء خدمة الموظف؟
16 April, 2020

Leave A Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Courses

Certified L&D Manager

Certified L&D Manager

8,000EGP
HR KPIs Workshop

HR KPIs Workshop

800EGP
Organizational Development

Organizational Development

1,500EGP

SiteLock
CONNECT US

 (+202) 26903875 – 24182790

 01050222191 – 01050222192

 info@hpa.com.eg

Our Location

 8 Mohamed Anies St. Kolyet El Banat, El Mergheny, Heliopolis, Cairo, Egypt

High Performance Academy © 2022
Powered by Technology Dome