What is so bad about hiring the wrong candidate? After all, as soon as you realize you’ve made a bad hire, you simply fire them and hire someone else. So, what’s the big deal? Actually a lot.
Us your Ready Reckoner tool and see how much a Bad Hire could cost your company…
WHAT IS THE COST OF A BAD HIRE?
Evaluate the cost of a bad hire easily using our quick tool.
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Please use the slider to show the theoretical monthly salary for the position.
How many hours would you typically spend on HR Orientation, Training / Upskilling, Team integration and arranging I.T. services?
How many hours would you typically spend negotiating final offers, preparing and sending out the contract?
How many hours would the Organisation typically spend conducting skills assessments, psychometric profiling, undertaking background and reference checks, and drafting offers for successful candidates.
How many hours would you typically spend preparing Interview questions / guides, scheduling and re-arranging appointments, arranging meeting rooms, conducting 1st and 2nd round interviews, and making post-interview notes. Note: Please add the total hours if more than one person involved.
Use the slider to indicate how many hours you would typically spend phone screening (including re-scheduling missed calls), making notes before and after phone calls, responding to unsuccessful candidates and inviting shortlisted candidates for first-round interviews.
Profile / Sourcing
Use the slider to input how many hours the Organisation would typically spend to develop job and person profiles, complete paperwork, benchmark a salary, select sourcing channels, plus write and place adverts internally and externally?
Use the slider to input the hourly rate of the most senior person involved in the recruitment .
Use the slider to indicate how many hours you would typically spend responding to adverts, collating and screening CV’s, reviewing CV’s, and scheduling and inviting candidates to the next stage in your process.
Use the slider to estimate the value of other typical costs involved in recruitment, such as hire costs of meeting rooms, travel and accommodation costs for staff and candidates, the cost of your time on ‘no show’ meetings, and the value of the loss of productivity of team and management covering for that vacancy.
BAD HIRE COST
The total estimated cost is :