Wednesday, August 1, 2012


If you have employees I am sure that you have at least once made a bad hire.  I know that it has happened to me.  The key is to make sure that you have systems in place and that you do background checks.  I even know of situations (this is plural) where employers have hired employees that have been fired because they were dishonest.   

The costs of a bad hire are staggering. A recent survey by Career Builder reports more than two-thirds of employers were affected by a bad hire last year, according to AOL Jobs. Of nearly 2,700 employers surveyed, 41% estimate a single bad hire cost $25,000; a quarter estimate a bad choice cost $50,000 or more — not to mention the demoralizing effect of the issue on other employees and on the new hire. Losing a job is one of the most stressful events a human can experience. 

Remember to do your homework.