Most employers have made bad hires, which have led to major negative impacts for those companies, according to a study from CareerBuilder.
Some of these negative consequences are losses in revenue, productivity declines, and poor employee morale and client relations, the survey found. Overall, 66 percent of U.S. respondents say a bad hire has cost them. In fact, 27 percent of U.S. respondents say one bad hire has cost at least $50,000.
"Making a wrong decision regarding a hire can have several adverse consequences across an organization," Matt Ferguson, CEO of CareerBuilder, said in a statement.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.