what does SHRM say about the cost of a bad hire
Another study by the Society for Human Resources Management (SHRM), found that a hiring mistake could cost up to five times the bad hireâs annual salary.In addition, the higher the personâs position â and the longer they remain in that position â the more it will cost to replace him or her.low down and evaluate ability first. The work is piling up. Your boss is pushing you to make a hire. Candidates are filling your voicemail with âchecking on the statusâ message. Still, resist the urge to make a snap decision. Hiring experts say that rushing to judgment is a top reason employers make bad hires.
The cost of a bad hire: INFOGRAPHIC. by Patrick Schober August 14, 2013 Comments (0). Depending on the position, a bad hire could set you back anywhere from $25,000 to $300,000. Thatâs according to researchers at the National Business Research Institute (NBRI).Theyâve created an infographic to explain their findings for the lowest and highest paying jobs.epending on the position, a bad hire could set you back anywhere from $25,000 to $300,000. Thatâs according to researchers at the National Business Research Institute (NBRI).