Many founders and CEOs know they need to hire talent to grow their business and be successful but lack the know how and time to do it right. This ends up costing their company a lot of valuable money and time that could've been used elsewhere to grow the company.
What is the actual cost of a bad hire? Why is it critical to choose who you hire carefully? Do you know how much money and revenue you can lose if you hire the wrong person?
According to the U.S. Department of Labor, the average cost of a bad hire is up to 30% of the employee’s first-year earnings. In a recent Dice report, the top tech positions that will be in demand in 2022 in the U.S. as per the highest salaries included IT management ($151,983), software developer ($120,204), database administrator ($111,362), and UX/UI designer ($101,260).
Subpar hires can result in lost productivity and expenses in hiring, recruiting, and training replacements.
Let Total Success help you avoid the expensive pitfalls of a bad hire! We will go beyond just filling a position but strategize with you to build a hiring roadmap that outlines the vision, direction, priorities, and progress of hiring over time. We will provide a plan of action that aligns your organization's short and long-term goals with your hiring goals.