There’s one word that makes C-level executives, human resources departments, operations personnel, sales teams, and financial staff shake with fear:
Turnover.
The true cost of a bad hire isn’t just about money. The effects can ripple through an entire organization, hurting not only the bottom line but also hurting morale, team chemistry, productivity, and your company’s image and brand. It can also hurt future hiring as a heavy turnover reputation isn’t attractive for top candidates.
The infographic below, What Are Bad Hires Really Costing Your Business? Provides a high-level overview of the costs of bad hires, why it happens, and how to fix it. It’s an excellent place for new companies to start a solid recruiting team and interviewing process. For everyone else, the infographic serves as an excellent reminder and useful in-house training tool. Read on to learn more.
About Torch Group Executive Search Firm
Established in 1990, Torch Group is a highly specialized boutique executive search firm focused on senior management, executive, and C-level leadership talent for mission-critical roles in the functional areas of sales, marketing, product management, and communications. The key industries and business sectors we serve include food service, hospitality, food & beverage, consumer products, private equity—; construction & building materials; software & technology; and commercial & industrial manufacturing.
Recognized for its expertise and vision in identifying, recruiting, and evaluating exceptional talent, Torch Group has found creative ways to position soft skills early in its interviewing process to assure a long-term fit with each clients’ unique culture.
For Torch Group, finding talent that is A Perfect Fit drives success for their clients. Through their competency-based behavioral interviews and Signature Search Process, Torch Group explores each candidate’s leadership skills and competencies required to foster a responsive, adaptable, and winning culture.
