FOR EMPLOYERS

The Real Cost of a Bad Hire and How to Avoid It

Author

Mohit Chaudhary
Mohit is an Engineer turned tech blogger. He loves diving deep into the tech space and has been doing it for the last 3 years. He calls himself a cinephile and plays badminton in his free time. For more information, you can connect with him on Linkedin or Instagram.

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Frequently Asked Questions

How is the cost of a bad hire calculated?

The cost of a bad hire is calculated by considering 3 important metrics i.e. time spent on hiring, cost of onboarding, and revenue loss.

How does bad hiring impact the organization?

A bad hire damages the company's reputation by negatively impacting employee morale. Which makes it difficult to attract good talent even in the future.

How long does it take to recover from a bad hire?

Recovery time from a bad hire can be different for different organizations depending on the company policies and the seniority level of the bad hire.

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