A bad hire can cost 5 times his annual salary to a firm: Report

A bad hire can cost 5 times his annual salary to a firm: Report

A latest report mentioned that the cost of a ‘bad hire’ to an organization is five times the bad hire’s annual salary. Hiring the wrong candidates will be a costly affair and it will impact on performance, company culture and its success. The survey report also included that the organizations which recruited the right candidate have achieved success and growth and that has contributed substantially in brand building. So, it is must to adopt flexible and tailored screening solutions for candidates before hiring by any organization.

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