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Hiring mistakes include the cost of termination, replacement, time and productivity loss while new employees settle into their new job. 

Hiring mistakes cost organizations dearly, the best option is to use employment testing services.

What Wrong Decisions can Cost

Termination Costs

Staff turnover can cost your organization up to $2000 for each individual, this includes:

final pay check, vacation and separation fees
increased unemployment tax
continued benefit costs
administrative costs for processing termination
exit interview
translation meetings

Replacement Costs

Hiring a new employee and training them for the job costs the company:
advertising, job posting and recruiting fees
interview expenses
marketing material consumables
pre - employment assessments
background checks
interim employee costs
medical exams
overtime costs
orientation and training programs

Vacancy Costs

Each vacancy in your organization can cost you dearly.

You can calculate it as follows:

Total annual company revenue per employee/number of = [a] workdays in a year (usually 240 - 250)

Then,

[a] x number of workdays for which the job is vacant = [b]

Now,

[b] – benefits for those workdays since they were not paid for = [?]

This figure is the cost of every vacancy in your organization.

As you can see these costs add up quickly so making mistakes is not an option. Brainmeasures Employee Testing Solutions help you hire the best people for your organization the first time, every time. After all, a company’s most valuable asset is its people.