Tag: cost of a failed hire

Your Last Failed Hire Cost $60,140!

• September 6, 2012
• Candidate Experience, Employee Engagement, Hiring Best Practices

Here are some typical costs for an employee making $55,000 who leaves after eight months: • H.R. involvement (interviews, onboarding): $1,100 • Manager interviews & other recruiting expenses: $1,000 • Advertising: $400 • Employee salary: $36,672 • Benefits (30% of salary): $11,000 • Training: $800 • Productivity Loss (other employees picking up 25% of failed…