- What is a Mis-Hire? It’s when a new hire fails to meet the desired results within their first year in their position
- Jack Welch says 1 out of every 2 hires are Mis-Hires
- What is the cost of a Mis-Hire? 5-24 times an annual salary. If a new hire has a base compensation at $102,692, the net average cost of a Mis-Hire =$1,502,436 (14.6 times base compensation)
- How do you prevent it? Consistent recruiting methodologies and thorough vetting processes (more details on this to come…)
Image from - donaldepaor.wordpress.com