Hiring The Wrong Person For a Job Can Be Costly - Deepstash

Hiring The Wrong Person For a Job Can Be Costly

Studies have found that hiring the wrong person can cost a company 15 times their salary. This is because some of those mistakes are made by the employee, and other mistakes are made when they’re fired and replaced with someone new.

If you hire a manager who makes $100,000 per month and your decision turns out to be a bad one, it could cost the company up to $1.5 million. Hiring the wrong person is a huge mistake, but it happens all the time. Most managers make at least half their mistakes during hiring decisions.

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The Bible for Effective Recruiting

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A manager wouldn’t be able to handle a team of specialists (like Doctors or Scientists) efficiently, without any direct experience. This makes excelling at the current role a huge requirement for anyone being hired as a manager.

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