Last week I wrote a Harvard Business Review column with Mary Michelle Scott, the president of Fishbowl and the other member of my own paired leadership team (more about that concept here.) We talked about the cost of a bad hire and how we use our seven Non-Negotiables to identify and sustain winning players. You can read that article here.
In short, we noted that of nearly 2,700 employers surveyed, 41% estimate a single bad hire cost $25,000. A quarter of respondents estimate a bad choice has cost $50,000 or more, not to mention the demoralizing affect of the issue on other employees.
To read the full, original article click on this link: Dealing with a Bad Hire? The Case to Teach and Adapt, Rather Than Fire - Forbes
