The Cost of A Bad Hire

BAD HIRE. The Harvard Business Review estimates as much as 80% of employee turnover is the result of bad hires. THE COST OF A

THE ADVANTAGE

What is an established relationship with a management search and staffing firm such as The Clarks Group worth?

According to a study by the Society for Human Resources Management (SHRM), it could cost up to five times a bad hire’s annual salary. SHRM also found that the higher the person’s position and the longer they remain in that position, the more it will cost to replace him or her.

According to the U.S. Department of Labor, the price of a bad hire is at least 30 percent of the employee’s first-year earnings. For any company, a five-figure investment in the wrong person is a threat to the business. While the financial impact is quantifiable, chief financial officers rank how a bad hire’s morale and productivity effects ahead of monetary losses.

THE ADVANTAGE

Working with an experienced Recruiting firm such as The Clarks Group will bring a valuable perspective saving you time and money.

The relationship with a top rated search firm has immense value because it drastically reduces fill rate time of open positions and reduces the cost of lost revenue.

The world of work is changing fast! We will help you stay competitive.

Contact us to learn how we can contribute, prepare and work together building your company a successful team for the future.

Contact us today and let’s get started!

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The world's workforce is changing fast – Contact our team to find out how we can help prepare your organization for the future.