Do the Math Before You Rush the Hire: Pricing Out a Mis-Hire Like a CFO
The Department of Labor has pegged the cost of a bad hire at roughly 30 percent of first-year earnings — a figure that badly understates the real damage. Here's a line-by-line model for calculating what a mis-hire actually costs your organization, and the argument for why slowing down hiring is the highest-ROI investment you can make.