What is the cost of a bad hire?

Are employers aware of the financial impact to their business?

A recent study by the REC (Recruitment and Employment Confederation) states that 85% of HR professionals admit their business has made poor hiring mistakes.

The key findings of the report:

• 33% of HR professionals believe hiring mistakes cost the business nothing. (We say thank goodness for the other 67%!)
• £132,000 is the calculated cost of a poor recruitment hire at mid-manager level. Continue reading full article