Even under the best employment conditions, hiring the wrong employee can drag down a company’s bottom line and dampen workforce productivity and morale. However, the national skills gap and ongoing economic concerns make finding the right candidate crucial the first time around.
In a 2011 CareerBuilder survey, 68% of employers said a bad hire affected them in the past year, with 41% of them estimating that a poor hiring decision cost them more than $25,000; another one-in-four said it cost more than $50,000.
