In today’s economy, hiring the best people is more critical than ever. Organizations can’t afford to lose time, money, and results from a bad hiring choice.
A recent article by David K. Williams pegs the cost of a single bad hire at anywhere from $25,000–$50,000. The cost of finding, interviewing, engaging, and training new employees is high. Employees also require desks, computers, phones, and related equipment. And then there are the highest costs of all – salaries, benefits, and taxes.
HR leaders view new employees as an investment and anticipate an excellent financial return over time. Forbes Magazine published an article outlining the 7 C's – seven categories you should consider to find the best new employees.