How to Avoid Costly Hiring Mistakes

How to Avoid Costly Hiring Mistakes

We all know making the wrong hiring decision can be an extremely costly mistake. The “costs” associated with making the wrong hire are substantial when you consider everything from loss of productivity and negative impact on clients and employees, to cost of recruiting/hiring a replacement and loss of time needed to recruit/train another worker.

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The Impact of a Bad Hire

The Impact of a Bad Hire

Making the wrong decision during the hiring process can be devastating for an organization; not only does it cause extensive aggravation for the employer, but also significant financial repercussions for the company. A bad hire can also upset team dynamics and innovation.

The best way to avoid the cost of a bad employee is by hiring right the first time. As a leader in executive search, Four Corners Group offers the resources and hiring talent to do exactly that – saving your company time and money.

According to a study by CareerBuilder, 69 percent of employers report their companies have been negatively affected by a bad hire in the last year. Of those businesses, 41 percent estimated the bad hire cost them more than $25,000, while 24 percent tallied a loss of over $50,000.

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