Editor’s Note: This post is by Paul Slezak, Cofounder and CEO of RecruitLoop – the World’s largest marketplace of expert Recruiters and Sourcers available on-demand.
Hiring the right person can be tough. Aside from having the right skills for the job, you also need to be sure that they will mesh will with your team. There is nothing worse than an employee that doesn’t carry his/her weight. It can lead to all kinds of problems both financially for the company and emotionally for the other team members.
EBI looked at these factors that are at risk with their awesome piece on the true cost of a bad hire. From the costs associated with hiring a replacement to company-wide productivity losses and employee theft.
For example, did you know that the average cost for employee turnover is about 1/5 of the employee’s average salary?
All told, you are definitely better off getting it right the first time! See why below.
Author
Paul Slezak
With over two decades of experience in the recruitment and human capital industry, Paul Slezak has established himself as a transformative force in the realm of leadership and career coaching, group facilitation, and talent acquisition. His unique perspective, drawn from his early career as a leader in global recruitment firms and his entrepreneurial success with his own start-up, has enabled him to make a significant impact on leaders, teams, and organizations across the world. Paul's passion for helping others achieve success and high performance is evident in his commitment to transforming leaders and their teams at local, national, and international levels. He specializes in promoting the importance of human-centered intelligence, focusing on soft skills such as authenticity, transparency, and trust to complement business-centered acumen and drive better workplace outcomes. As an impartial facilitator, Paul brings his expertise to team offsites and strategy days, ensuring alignment on goals, values, and culture while keeping participants on task. His engaging and energetic presence, coupled with his unique "entertraining" and "edutaining" delivery style, enables him to connect with audiences both large and intimate, sharing personal and professional anecdotes that inspire and energize.
