The Cost Of A Bad Hire

The typical process of hiring a new individual to join your company probably looks like this:

- Run 2 ads in the newspaper, or post position on the web
- Spend up to 6 hours screening resumes to find qualified candidates
- Phone screen up to 8 candidates
- Approximately three 45 minute interviews with the top candidate
- Make an offer within 2-4 weeks to top candidate
- 90 days of training for the new employee

In addition to the obvious costs of placing the ads, consider the hidden costs associated with the hiring process.  The lost productivity generated by the screening and interviewing managers.  The cost of the productivity lost on the open position, and the additional burden put on existing employees to cover that position.  Not to mention the time and energy invested in the on the job training of the new employee.

It is not uncommon for the cost of a newly hired employee to escalate to over $15,000!  This is the money spent on interviewing and hiring strictly the TOP candidate.  It does not cover the costs of interviewing other candidates, nor the additional costs incurred if the selection process must be repeated.  So again, the question must be asked:
How many wrong hiring decisions can you afford to make?

How 1Source Staffing can help reduce this cost:

• Perform the entire recruitment & screening process.
• Submit only pre-qualified candidates for your review.
• Candidates have been referenced and skill level determined through testing.   
• Partner with you by providing strong and consistent communication throughout the process.
• Offer several solution-based hiring options best suited for your individual needs.
• All placements have a guarantee, so the risk of making a bad hire is greatly reduced.