Mistakes businesses make when recruiting can be costly and damaging. Consider the findings from one CareerBuilder survey: The average cost of one bad hire is $14,900. Many companies simply cannot afford these errors.
Darren Bounds, CEO of Breezy HR, offers this example to help uncover the cost of a bad hire:
When a great hire occurs, money is being saved in onboarding and retention costs. Plus, a high-performing employee is great for the bottom line. But how does that break down into hard numbers? It starts by finding the revenue per employee.
