THE COST OF A BAD RECRUITEMENT
According to a global survey conducted online by Harris Interactive in late 2012, more than half of employers of each of the top ten world economies admited that they made errors on their recruitment.
In the US, 27% of employers indicate that the cost of a single recruitment error is about 50,000 dollars. If the numbers are equivalent in Germany or the UK , Chinese employers are themselves 48% report a bad hire is a cost of around 49,000 dollars. The US Department of Labor (US Department of Labor) concludes that a bad hire costs employers approximately 30% of the employee's salary during the first year of work and , according to the National Business Research Institute (NBRI) plus salary the higher the note payable will be. The NBRI believes that a new evil selected employee whose annual salary is between $ 110,000 and $ 130,000 cost to the employer of $ 152,000 to $ 220,000 per year. In the worst case, a wrong selection of a candidate can cost up to five times his salary.
THE CONSEQUENCES OF A BAD RECRUITEMENT
The costs associated with a bad hire (bad match) are not limited to wages and benefits paid to the employee. Far from there. Normally, companies find they throw their money down the drain due to the following factors, results of these bad hires:
+ Time and money spent on stages of recruitment and training;
+ Loss of productivity;
+ Quality of work below average;
+ Deteriorating relations in the office affecting morale;
+ Bad relationships / negative impact with customers;
+ Attendance problems;
+ Opportunities / lost sales;
+ Possible legal issues;
+ Loss of committed resources.