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Matching Tag: Interviewing


By Jessica Tower | Plante Moran | 9/7/2016
One bad hiring decision can cost an organization in many ways. Estimates of financial impact range from 30-90% of the person’s first year salary and benefits, depending on the level of the position. So, a bad hire in a $75,000 position might cost an organization between $29,250 and $87,750 (assuming benefit costs are 30% of salary). In addition to the financial impact, an unsuccessful hire can decrease morale, damage client relationships, and increase expenses related to overtime, lost productivity, and recruiting and training a replacement employee.  

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