RAB Research Archive

A costly workplace mistake



According to a recent article from mega-job-search site CareerBuilder, making a bad hire ranks as one of the most costly workplace mistakes. CareerBuilder conducted some research between August and September of this year and found:

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  • The average cost of one bad hire is $15,000.
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  • The average cost of losing one good hire is $30,000.
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  • Two in three workers say they have accepted a job and later realized it was a bad fit – causing half to quit within six months.
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  • 75% of workers say they are loyal to their current employer.
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  • Only 54% believe their current company is loyal to them.
Hiring decisions are important. Really important.

The cost of a bad hire is not just in the numbers referenced above. There’s more.

“It’s important to note that there’s a ripple effect with bad hires. Disengagement is contagious – poor performers lower the bar for other workers on their teams and their bad habits spread throughout the organization,” said Rosemary Haefner, Chief Human Resource Officer at CareerBuilder. “The best thing hiring managers can do is put in the time and effort on the front end, to make sure they have the best available pool of applicants for every job opening. And just as importantly, have good procedures in place for evaluating candidates.”

RAB Assessments

Our new partnership with Dr. Tony Alessandra and Assessments 24x7 gives RAB Members access to the kinds of upfront evaluation tools that have been proven to reduce hiring mistakes. RAB Assessments looks at personality profiles, how candidates make decisions, and why they make those decisions. These three key profiles allow managers to infuse some data-driven decision making into their hiring process.

Learn how RAB Assessments might be a great addition to your hiring strategy by going to www.rab.com/assessments.

Source: Jeff Schmidt, RAB





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