Everyone knows that top-performing employees add significant value to your business. However, how can you quantify it?
Moreover, how do you put a value on those employees whose performance is less than stellar? This Value of Hire Calculator allows you to answer these questions by using just a few details, and you'll get an estimate of how much each hire is worth. We will also look at some of the hidden costs of a bad hire.
Hidden costs of a bad hire
It’s common for businesses to underestimate the impact of hiring mistakes. Hidden costs of a bad hire can include wasted recruitment efforts, loss of turnover, wasted training effort and the detrimental effect on team morale and harmony.
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