Turnover (employment)

ZOMBIES! The True Cost of a Bad Hire

Forty-one percent of companies estimate that a bad hire cost them more than $25,000. One in four say it cost them over $50,000… And these estimates are conservative. Frightening, right? Calculating employee turnover costs is always tricky. For those brave enough to try, simply add: Cost of time spent writing/posting jobs descriptions, reviewing resumes & interviewing candidates Cost of timeContinue reading “ZOMBIES! The True Cost of a Bad Hire”

The Real Costs of High Turnover

As a small business owner, turnover rates can be brutal on the bottom line. Everything has an impact on a firm’s profitability. Hiring costs money; firing costs money. A revolving door of employees hurts profitability, possibly even before an organization realizes how much. Often, it takes a keen eye to see that every penny addsContinue reading “The Real Costs of High Turnover”