Archive for April, 2022

How to Avoid the Staggering Cost of Turnover

How to Avoid the Staggering Cost of Turnover

While it’s hard to believe that a single hiring mistake could cost a company $400 thousand, it’s not so hard to believe when looking at this table showing the incremental profit contribution of employees at these well-known companies. The idea behind this table is that it shows the full financial and business impact a person has on a company, rather than just considering the person’s compensation package.

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Posted in: Assessing Soft Skills, Passive Candidate Recruiting

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The ROI of Most Job Postings is Below Zero!

The ROI of Most Job Postings is Below Zero!

Few companies calculate the ROI of the effectiveness of their different sourcing channels but those that do discover referrals are the best with job boards generating more mistakes. And the cost of these mistakes is staggering wiping away the benefits of lower cost and speedier hiring.

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Posted in: Controlling Bias, Passive Candidate Recruiting

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